Featured on homepage

Musk's tweets are shaking the markets again - including Tesla. Specifically, Elon Musk created a Twitter poll to decide whether he could sell 10% of his Tesla shares. The sale could be worth $25 billion. As a result, Tesla crypto tokens dropped 6.8%. Tesla shares in premarket trading soon followed, dropping 5%. The CEO of Tesla and SpaceX decided to engage his Twitter followers on the question of unrealized capital gains. On Saturday, Musk tweeted that he would sell 10%…

PrimeXBT is a trading platform and cryptocurrency exchange supporting major stock indices, commodities, and foreign currencies. Many of today's crypto traders have entered the industry from traditional trading markets. For example, they come from stock trading, currency exchanges, and commodities trading. However, to maintain their former portfolios and dip their feet into cryptocurrency, they have to register on different platforms. Unfortunately, this practice may come at high costs. PrimeXBT aims to combine trading across different markets on a single platform.…

DAI is a decentralized stablecoin that facilitates lending, borrowing, and investing in decentralized applications (dApps). The cryptocurrency market has a reputation for being highly volatile. For example, some of the most significant cryptocurrency tokens, such as Bitcoin or Ethereum, surge and plummet daily. These spikes often bring traders huge ROI or crippling debt. Nevertheless, not all cryptocurrencies experience this level of volatility. For instance, stablecoins rarely experience massive oscillations. Instead, their values remain constant with their pegged counterparts, which are…

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $2,765 trillion. Bitcoin is up by nearly 3% after a productive week. Ethereum is up by roughly 9% and set yet another all-time high record this week. XRP is up by almost 12% after a good week. Almost all altcoins have registered significant gains this week. The DeFi sector added nearly $6 billion to…

A surge in popularity and increased volatility have made the SHIB token one of today's most traded cryptocurrencies. According to Coinmarketcap, the Shiba Inu coin is currently fifth by daily trading volume, at $4.7 billion. SHIB now trails only behind the heavyweights of the crypto world - USD Tether, Bitcoin, Ethereum, and Binance USD. Firstly, Tether is the first stablecoin and the most dominant one in crypto trading. It is critical for facilitating cryptocurrency trading and reducing costs to traders. At $63…

While China ejects the Bitcoin industry from its borders as fast as possible, certain Western jurisdictions are eagerly inviting them in. Displaying support for Bitcoin, four US mayors have promised to receive a paycheck in Bitcoin during this week alone. This marks the beginning of a fierce political competition to attract crypto businesses to their respective jurisdictions. Mayors Accepting Bitcoin: The Timeline The trend began as recently as Tuesday, when Bitcoin YouTuber Anthony Pompliano released a tweet on the matter.…

JP Morgan – America’s largest investment bank – said that Ethereum now beats Bitcoin as an investment option. Interestingly, this comes shortly after the bank released a report arguing Ethereum's overestimation in comparison to BTC. Though it presents plausible arguments, there are also some holes in the banking giant’s logic. Ethereum Over Bitcoin? JP Morgan’s Argument JP Morgan’s market strategist Nikolaos Panigirtzoglou offered this analysis in a recent report, according to Markets Insider. As he argued, rising interests could make…

The Biden administration recently released its long-awaited stablecoin report – and one government official isn’t entirely on board. Pat Toomey – Republican Senator and ranking member of the Senate Banking Committee –disagrees with treating stablecoins issuers as banks. Amid a booming crypto market and allegations against Tether, he adds fuels the fire surrounding crypto regulations. Toomey: Stablecoin Issuers Aren’t Banks Pat Toomey shared his thoughts on the report in an interview with Yahoo Finance earlier today. The Senator acknowledged that…

Could Joe Rogan be a HODLer? The world’s biggest podcast host recently claimed that he’d accepted one hundred thousand dollars in Bitcoin for a recent deal. If true, this would be Rogan’s first serious interaction with cryptocurrency that he has made public. What Did Rogan Say? Rogan revealed the recent payment during Joe Rogan Experience (JRE) episode #1728, nearly an hour into the show. The podcast was what he called a “supershow” featuring podcast hosts and comedians Shane Gillis, Ari…