Cryptocurrency

Cryptocurrency

JPMorgan CEO calls Bitcoin a ‘Ponzi Scheme’ despite JPMorgan’s involvement in Bitcoin ETFs

Jamie Dimon, JPMorgan CEO, called Bitcoin a “Ponzi scheme.” Dimon’s criticism comes despite JPMorgan’s involvement in Bitcoin ETFs. Bitcoin’s recent price volatility highlights ongoing debates in the cryptocurrency market. JPMorgan Chase CEO Jamie Dimon has once again voiced his scepticism towards Bitcoin (BTC), dubbing it a ‘Ponzi scheme’ during an interview on Bloomberg TV. During…

Binance Labs backs BounceBit for Bitcoin restaking and CeDeFi revolution
Cryptocurrency

Binance Labs backs BounceBit for Bitcoin restaking and CeDeFi revolution

Binance Labs invests in BounceBit for Bitcoin restaking and CeDeFi innovations. BounceBit integrates CeFi and DeFi empowering BTC beyond traditional value storage. BounceBit’s dual-token system enhances security, transparency, and network utility for Bitcoin. In a strategic move aimed at expanding the utility of Bitcoin, Binance Labs, the venture capital and incubation arm of Binance, has…

Cryptocurrency

Bitcoin (BTC) price prediction after breaching $72k

Bitcoin price forecast points to a possible $82,000. Ten days remain to the much anticipated Bitcoin halving event. Kangamoon, a new meme coin, has raised over $4M in its ongoing presale taking advantage of the crypto hype created by Bitcoin’s price surge Bitcoin (BTC) has been making significant waves in the cryptocurrency market, with its…

Cryptocurrency

Coinbase partners with Lightspark for Bitcoin Lightning Network integration

Coinbase’s partnership with Lightspark for Bitcoin Lightning Network integration enhances transaction efficiency. Lightspark’s advanced technology streamlines Lightning Network access, offering low-cost BTC transfers. The collaboration empowers Coinbase with reliable, scalable node infrastructure, driving global financial innovation. Coinbase, a leading cryptocurrency exchange, has announced a strategic partnership with Lightspark to integrate the Bitcoin Lightning Network. The…

Cryptocurrency

Nexo leads 35+ crypto giants in push for Bitcoin emoji

Nexo leads 35+ crypto giants in a push for a Bitcoin emoji. The ‘Bitcoin Deserves an Emoji’ movement gains traction globally. The movement has surpassed 10,000 endorsements. In a groundbreaking move, Nexo, alongside over 35 major crypto organizations, is spearheading a campaign to establish a Bitcoin emoji. This initiative aims to solidify Bitcoin’s cultural and…

Cryptocurrency

Tether now the seventh-largest Bitcoin (BTC) holder

Tether recently committed 15% of its net profit to Bitcoin investments. On March 31, 2024, Tether acquired an additional 8,888 BTC at $30,305 each bringing unrealized profit to $2.94B. Tether is now 7th largest holder of Bitcoin (BTC), with 75,354 BTC. Tether, the leading issuer of USDT, has emerged as the seventh-largest holder of Bitcoin…

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