Author: James Wilson

Video platform Rumble has acquired approximately 188 Bitcoin for $17.1 million, averaging $91,000 per coin. This purchase comes as part of its Bitcoin (BTC) treasury strategy. The company announced a plan to allocate up to $20 million to Bitcoin, emphasizing its desire to branch out into the cryptocurrency sector. CEO Chris Pavlovski spoke on Bitcoin’s role as a hedge against inflation and its alignment with Rumble’s broader crypto-focused strategy.  “These holdings have the potential to serve as a valuable hedge against inflation and will not be subject to dilution like so many overprinted government-issued currencies,” Pavlovski said. Rumble, known for…

Bolivia’s state-owned energy firm YPFB will begin using crypto to pay for fuel imports as the country grapples with a severe shortage of U.S. dollars and dwindling natural gas production. The decision follows government approval to use digital assets for purchasing energy supplies, as Bolivia struggles to maintain fuel subsidies amid declining foreign currency reserves, according to Reuters reporting.   The move comes as long lines at gas stations and scattered protests highlight the worsening fuel crisis. “From now on, these (cryptocurrency) transactions will be carried out,” a YPFB spokesperson told Reuters, emphasizing the urgency of securing energy resources despite financial…

Ripple price remains in a bear market after falling by over 35% from its highest level in January.  Ripple (XRP) rose for the second consecutive day as cryptocurrencies rebounded after the encouraging inflation data. Most of them rose, with Bitcoin (BTC) and Cardano (ADA) rising by over 3%. XRP also rose after Franklin Templeton applied for a spot exchange traded fund or ETF on Tuesday.  The company, which manages over $1.5 trillion in assets, joined other firms like WisdomTree, Bitwise, 21Shares, Grayscale, Canary, and CoinShares that have applied for a spot XRP ETF.  Polymarket users have boosted their odds for…

Gemini crypto exchange plans to expand its USD trading support for institutional clients in the European Union. Gemini exchange has partnered with Liechtenstein-based Bank Frick to bring US dollar payment support for institutional clients in the UK and Switzerland, according to an announcement originally shared with Cointelegraph on March 12. This enabled institutions to deposit, withdraw, and trade directly in US dollars on the exchange, instead of having to convert to British pounds or Euros first. To enable instant deposits in dollars (even outside of normal banking hours), Gemini is using Bank Frick’s “xPulse” service. In the announcement shared with…

The Monetary Authority of Singapore and Vietnam’s State Securities Commission have signed a Letter of Intent to collaborate on capital markets regulation and digital asset oversight.  The agreement will help both regulators share information on regulatory frameworks, supervisory practices, and anti-money laundering measures. The letter aims to enhance Vietnam’s capacity to develop its digital asset regulatory framework while fostering deeper cooperation between the two financial authorities. Their financial regulators will share expertise on oversight. Today, I welcomed General Secretary of the Communist Party of Vietnam, To Lam, on his first Official Visit to Singapore. His visit is especially meaningful as…

Pepe, the third-biggest meme coin, has been in freefall since December, but two chart patterns point to a strong rebound soon.  Pepe (PEPE) jumped to a record high of $0.00002833 in December before crashing by over 80% this month. This retreat has mirrored the performance of other meme coins, whose prices have dropped by double digits from their 2024 highs. Pepe price has formed a falling wedge and a double bottom Technicals suggest that Pepe may be on the verge of a strong bullish breakout in the coming days or weeks.  The daily chart shows that it has formed a…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Tron, Litecoin, and Lightchain AI are set to surge in March, with Lightchain AI leading after raising $17.1m in presale. These 3 cryptos look ready to explode in March: Tron (TRX), Litecoin (LTC), and Lightchain AI. Tron continues to build momentum with its decentralized applications and strong community, while Litecoin remains a solid investment with its fast transaction speeds and security. However, the standout is Lightchain AI, which has already raised over $17.1 million at a presale price of…

After the recent ETH liquidation event, which caused $4 million loss to Hyperliquid’s Hyperliquidity Provider vault, the platform said it will increase the maximum leverage allowed for Bitcoin and Ethereum trading to prevent similar incidents in the future. In the said liquidation event, a whale had built a 50X leveraged long position on Ethereum (ETH) that reached 160,234 ETH. However, when the market moved against them, effectively causing liquidation, the user was still able to withdraw 17.09 million USD Coin (USDC), exiting in profit before the liquidation was executed on the Hyperliquid platform. The HLP vault, which is designed to…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As gold and oil struggle, Bitcoin gains attention as a safe haven, with a global crisis potentially driving its value higher. Amid global economic turmoil, traditional safe assets like oil and gold are under pressure. A new player is gaining attention as a potential sanctuary for wealth. Could an impending worldwide crisis catapult Bitcoin’s value to unprecedented levels? Delve into the elements that might drive BTC’s price skyward, possibly reaching the elusive million-dollar milestone. XYZVerse’s knockout journey: The memecoin…

Bitcoin dominance hit a new cycle high despite price correction as investors shift from altcoins, driven by stronger-than-expected U.S. job growth and the Federal Reserve’s hawkish stance. According to Matrixport, Bitcoin (BTC) dominance has surged to a new cycle high, surpassing 61%. Matrixport attributed this to two factors: a stronger-than-expected U.S. jobs report as well as the Federal Reserve’s increasingly hawkish stance. When job growth exceeds expectations, it suggests the economy is performing well. This often translates to higher interest rates or a delay in rate cuts, which reduces liquidity in financial markets. Higher interest rates then make borrowing more…