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XRP on the Verge of Historic Breakout Against Bitcoin (BTC) by Pakinomist

Pakinomist – appears poised for a potential historic breakout against (BTC), following a recent rally that has seen the altcoin clear the critical 30-day resistance level. XRP’s performance over the past few months suggests that it may now be positioned to rise towards $4, with a long-term target of $8. In the last two months, […]

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Coinbase’s Layer 2 System Base sees energy markets emerge tied to gas revenues

The runaway success of Base, the Coinbase-owned Ethereum overlay blockchain designed for faster, cheaper transactions, has prompted the creation of a market linked to the fluctuating cost of the total gas needed to power the network, allowing speculators to to bet on recurring supply peaks on the layer 2 system. Alkimiya, a startup backed by

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Bitcoin could crash to $50,000 before it starts rallying, says Tom Lee of Pakinomist

Pakinomist – Tom Lee, Fundstrat Capital’s head of research and full-time contributor to CNBC’s Fast Money show, paid a visit to CNBC to talk to them about and its near-term outlook. Lee revealed two price levels where Bitcoin could fall from the current $96,590, where it rose after hitting $90,700 on Monday. In December, Bitcoin

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Fundstrat’s Tom Lee Calls for Bitcoin’s End-of-Year Target as High as $200K-$250K

The consolidation between $90,000 and $100,000 for bitcoin (BTC), continues to play with investor sentiment, swinging from fear to greed. On Monday, bitcoin fell below $90,000, while on Tuesday it is above $96,500, an increase of over 8%. Bitcoin bull Tom Lee, head of research at Fundstrat, told CNBC on Monday that he sees this

Fundstrat’s Tom Lee Calls for Bitcoin’s End-of-Year Target as High as $200K-$250K Read More »

Crypto firm Tether and its founders complete move to El Salvador by Reuters

By Federico Maccioni DUBAI (Reuters) – Cryptocurrency firm plans to move its headquarters to El Salvador, its chief executive said, as the founders of the world’s largest stablecoin look to capitalize on the Central American country’s bid to become a crypto trading hub. Tether has emerged as a dominant force in the booming market for

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Intesa Sanpaolo, Largest Italian Bank by Total Assets, Buys 11 BTC for Over $1M

Bitcoin (BTC), continues to become further entrenched in the traditional financial system. Italy’s largest bank by assets, Intesa Sanpaolo, has bought 11 BTC for over $1 million, according to a Reuters report. Reuters saw an internal message that said: “As of today, January 13, 2025, Intesa Sanpaolo owns 11 bitcoins”. Intesa Sanpaolo currently has a

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Intesa Sanpaolo makes first spot purchase of Bitcoin from Pakinomist

Pakinomist — Intesa Sanpaolo (OTC:) SpA, Italy’s largest banking group, has bought for the first time in a spot transaction. The bank bought about 1 million euros ($1 million) of the cryptocurrency, marking its deeper foray into this asset class. The purchase was made on Monday, with the bank acquiring 11 Bitcoin, according to Niccolò

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Middle East-based Sigma Capital unveils $100m. fund to accelerate Web3 innovations

Sigma Capital, an early stage venture firm, has unveiled a $100 million fund focused on Web3 startups. The Dubai-based company is trying to capitalize on the United Arab Emirates’ (UAE) reputation as a crypto hub, according to an emailed statement on Tuesday. The fund will focus on decentralized finance (DeFi), tokenization and blockchain infrastructure by

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