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Former hedge fund manager Raoul Pal said that Ethereum could finish the year above $10,000. However, he also thinks that there is a “decent chance” of “flipping” – referring to Ethereum becoming the most significant crypto by market cap, removing Bitcoin from first place. Moreover, he thinks that Ethereum’s competitors will do even better. Raul Pal is a former Goldman Sachs executive and co-manager or GLG, a London-based global macro hedge fund. He has since retired from his position and started…

As the Bitcoin-focused Jack Dorsey departs from Twitter, it appears his company is moving towards adopting other cryptocurrencies. A competent hacker recently dug into Twitter's code and unlocked a yet unannounced Ethereum-tipping feature. This follows a Twitter update from months ago that publicly enabled payment tipping through various methods, including Bitcoin. Ether Tips On Twitter? Jane Wong – a hacker famous on Twitter – quietly added her Ethereum tipping address to her account yesterday. Buzz began circulating as screenshot images…

Meta (formerly Facebook) has spent years building its digital wallet, “Novi”, with plans to launch its stablecoin cryptocurrency called “Diem”. However, David Marcus – board member of Diem and Head of Novi – recently announced that he is leaving the company. David Marcus Steps Down The co-founder announced his resignation over a Twitter thread on Tuesday, detailing his reasons for stepping down. He said he’d had a change of heart and that his “entrepreneurial DNA” is nudging him away from…

India may issue a blanket ban on all cryptos, statements from top officials indicate. However, the government is drafting a new bill that would allow for the private use of cryptos. Just last week, the country introduced a Cryptocurrency and Regulation of Official Digital Currency Bill 2021. The bill spooked investors, as it was identical to the draft of the 2019 bill to ban crypto. The bill wrote that it intended to "create a facilitative framework" for India's official digital currency. To…

While Jerome Powell remains cautious of the stablecoin sector, he has big plans for utilizing cryptocurrency technology for American benefit. In a recent statement, he announced a related partnership between the Federal Reserve and the Bank of International Settlements. Together, the organizations will analyze how Central Bank Digital Currencies (CBDCs) can improve the current global financial system. Powell’s Plans For CBDCs The chairman announced the partnership during his opening remarks for the “Introducing the New York Innovation Center Event,” earlier…

Following weeks of technical difficulties, Binance has resolved an issue pertaining to Dogecoin withdrawals from their exchange. Today, the company released a statement explaining why the issue arose in the first place, and what it took to resolve it. This comes following a frustrated exchange between Binance and Tesla’s CEOs while the problem was still being worked out. The Inside Story The explanation came in a statement from both Binance and Dogecoin Core maintainers, posted through Binance Blog. What began…

After over 15 years since founding the company, billionaire Bitcoiner Jack Dorsey has announced his resignation as CEO of Twitter. As of today, the social media giant is led by former Chief Technology Officer Parag Agrawal. Meanwhile, Dorsey will serve as a member of the board until about May, before leaving Twitter entirely. Interestingly, his reasons for leaving are exactly what one would expect to hear from a Bitcoin maximalist. Freeing Twitter From its Founder’s Influence Earlier this morning, word…

Small and medium Chinese investors are "licking the blood on the edge of a knife," when investing in the Metaverse. At least that is what a report in a Chinese state-owned paper claims. Since Mark Zuckerberg announced that Facebook will be rebranding into Meta Platforms, companies have been racing to claim the space. The Metaverse will be a digital space where users can interact with each other and their virtual environment. The tech could revolutionize the way we work, travel…

Bitcoin started a week with a bang, recovering from last week's selloff, as markets show clear signs of recovery. The price of the largest crypto soared 6% on Monday, reaching a high of $58,000. It has since settled slightly below that level, at $57,750. The jump made up for the last week's dip, prompted by the new, potentially vaccine-resistant COVID variant. Last Friday, Bitcoin dropped more than 9%, trading as low as $53,549 at one point. The sellout was due…