Bitcoin Averages Hit Record, Signal Bullish Future

Bitcoin Averages Hit Record, Signal Bullish Future

In A Nutshell Bitcoin’s long-term trend indicators, particularly the 200-day and 200-week moving averages, have reached their highest-ever levels. This development has sparked discussions among analysts and enthusiasts about the cryptocurrency’s robustness and bullish long-term outlook. Key figures in the crypto space, like Anthony Pompliano, have commented on the significance of these milestones, reinforcing the…

Bitcoin Hits $65,500 Amid Economic Woes

Bitcoin Hits $65,500 Amid Economic Woes

In A Nutshell Bitcoin’s (BTC) price saw a significant rally, reaching $65,500 on May 6, 2032, according to data from Cointelegraph Markets Pro and TradingView. This development occurred amidst a turbulent economic landscape, characterized by concerns of stagflation in the U.S. economy. Despite this rally, analysts argue that Bitcoin remains in a “prime buy zone,”…

Real Stablecoin Use Below 10% in $2.2T Market, Study Finds

Real Stablecoin Use Below 10% in $2.2T Market, Study Finds

In A Nutshell A recent report co-developed by Visa and Allium Labs, and highlighted by Bloomberg, reveals a striking insight into the stablecoin transaction volume. The findings indicate that less than 10% of stablecoin transactions in April, totaling around $149 billion of the approximate $2.2 trillion, were conducted by real users. This analysis aimed to…

Ethereum’s EIP-3074 Upgrade to Boost Security, Efficiency

Ethereum’s EIP-3074 Upgrade to Boost Security, Efficiency

In A Nutshell Ethereum’s ecosystem is on the brink of a significant upgrade aimed at enhancing user interaction with cryptocurrency wallets. The proposed Ethereum Improvement Proposal, known as EIP-3074, seeks to streamline the process by which users authorize transactions, potentially revolutionizing the way we interact with digital assets. This development could have profound implications for…

MoonPay and PayPal Team Up to Simplify Crypto Buys

MoonPay and PayPal Team Up to Simplify Crypto Buys

In A Nutshell MoonPay, a leading cryptocurrency buying app, has announced a groundbreaking partnership with global fintech powerhouse PayPal. This collaboration empowers MoonPay users in the United States to effortlessly purchase cryptocurrencies using PayPal. The integration supports transactions through wallet transfers, bank transfers, and debit card payments. This strategic alliance not only enhances user experience…

Block Aims to Raise $1.5B for Growth and Debt Repayment

Block Aims to Raise $1.5B for Growth and Debt Repayment

In A Nutshell Fintech giant Block, previously known as Square and led by Jack Dorsey, has announced its intention to issue $1.5 billion in senior notes to qualified institutional investors through a private placement. This strategic move aims to bolster the company’s financial position, allowing for potential strategic transactions, repayment of existing debts, and further…