Cardano co-founder Charles Hoskinson has floated the idea of converting $100 million worth of ADA tokens into bitcoin BTC and stablecoins. “We could take $100 million of ADA in the treasury, convert it to a blend of stablecoins incumbent in Cardano so USDM and USDA and convert some of it in bitcoin to prime bitcoin…
JPMorgan (JPM) raised its price targets for a number of bitcoin BTC mining companies to reflect first-quarter results and changes to the bitcoin price and the network hashrate, the bank said in a report Friday. The bank lifted its CleanSpark (CLSK) price target to $14 from $12, its Riot Platforms (RIOT) objective to $14 from…
Bitcoin Magazine Where Could Bitcoin Peak This Cycle? With Bitcoin looking as bullish as ever, the inevitable question arises of how high could BTC realistically go in this market cycle? Here we’ll explore a wide range of on-chain valuation models and cycle timing tools to identify plausible price targets for a Bitcoin peak. Although prediction…
The Hash Ribbon “buy” trigger – a signal embedded in Bitcoin’s network hashrate dynamics – has flashed again, and technical analyst Astronomer Zero believes it could pave the way to at least $170,000 per coin. A chart the analyst posted on X on 12 June overlays every prior weekly‐time-frame Hash Ribbon entry since 2020 on…
Chinese tech giant Tencent is exploring a potential acquisition of Nexon, the South Korean game developer behind the hit title Dungeon & Fighter, Bloomberg reports. Nexon is heavily invested in Web 3 gaming, including the ambitious MapleStory franchise. The firm has reportedly approached the family of Nexon’s late founder Kim Jung-ju, who controls a 44.4%…
US Treasury Secretary Scott Bessent told lawmakers that dollar-pegged stablecoins could swell to more than $2 trillion in the next few years. He spoke at a Senate hearing this week. His outlook came as Congress moved to set new rules on how these tokens must be backed. Growth Forecast Details According to Bloomberg, Bessent said…
Ether (ETH) ETH tumbled more than 7% over the past 24 hours, falling from a session high of $2,770.56 to as low as $2,477.71 before recovering slightly to $2,536 at press time. The sharp decline came amid a broad risk-off move across global markets following Israeli airstrikes on Iranian military infrastructure — a major escalation…
Walmart (WMT) and Amazon (AMZN) are considering issuing their own stablecoins in the United States, according to a report by the Wall Street Journal. These corporate digital tokens, pegged to the U.S. dollar or other government-backed currencies, could dramatically reduce merchant fees and speed up payment settlements, disrupting the dominance of traditional financial institutions. The…
By Francisco Rodrigues(All times ET unless indicated otherwise) Cryptocurrencies slid as Israeli airstrikes on Iran’s nuclear and missile sites roiled global sentiment and sent investors fleeing risk assets. The CoinDesk 20 Index (CD20), a measure of the broad crypto market, lost 6.1% over 24 hours, and bitcoin (BTC), seen by some as a haven investment,…
After hitting $110,450 on Monday, the Bitcoin price is writing its third consecutive red day as the benchmark cryptocurrency fell 5.3% from an intra-day top of $108,450 to a trough of $102,664 before clawing back to about $104,456 by press time. The sell-off coincided, almost minute-for-minute, with confirmation that Israel had conducted large-scale air-strikes on…
