Crypto News
XRP Inches Closer to Overtaking Ethereum—A New Crypto King in the Making?
On Wednesday, XRP climbed to an intraday peak of $2.895 and, as of press time, is trading at $2.87 per unit, reflecting an increase of nearly 12% over the past 24 hours. The crypto asset is steadily narrowing the gap with ethereum (ETH), now accounting for 42.6% of ether’s market capitalization. Ethereum’s Dominance Under ThreatSource link
Unexpected Decline in Core CPI Sends Bitcoin Price Higher
While headline inflation came in faster than hoped in December, investors for the moment are in buy mode after an unexpected decline in the year-over-year core rate.The closely-watched Consumer Price Index (CPI) increased 0.4% in December, slightly higher than analyst consensus and the previous month's 0.3%. On a year-over-year basis, CPI was up 2.9%, compared to analyst forecasts for 2.9% and previous month's reading at 2.7%.Core CPI, which excludes food and energy costs, rose 0.2% in December, versus expectations for 0.2% and the previous month's 0.3% figure. Core CPI year-over-year, however, dipped to 3.2% against forecasts for 3.3% and the November rate of 3.3%.The core pace of inflation is of considerable import to policymakers, who have expressed at least a...
Will Building a Telegram ‘Zoo’ With Doge and Pepe Make You Crypto-Rich?
TELEGRAM TRYOUT: We’ve been playing the buzzy new Zoo game. Should you bother jumping in ahead of the airdrop?Source link
Bitcoin Outperformed Crypto Hedge Funds in 2024
Despite having a fantastic year in 2024, crypto hedge funds could not match bitcoin’s phenomenal returns. Crypto Hedge Funds No Match for Bitcoin Hedge funds focused on cryptocurrencies delivered double-digit returns in 2024. This is according to data from Galaxy’s Visiontrack Composite Index, which measures the performance of 130 crypto-dedicated hedge funds. The hedge fundsSource link
Crypto’s U.S. Banking Problem Likely Among the First Things Tackled Under Trump
When inauguration day rolls around in the U.S., the first policy domino to topple could be the industry's banking roadblocks, though the White House may be the wrong place to watch for the most consequential action.The crypto industry will surely cheer loudly over some of the executive-order fireworks when President-elect Donald Trump is sworn in, which could reportedly include directives on crypto, but such orders can be more smoke than fire. (President Joe Biden, after all, issued a crypto order in 2022 instructing the federal government to get a better handle on crypto.)While the White House touts its vision for the direction of crypto policy, the concrete steps will be taken at the regulatory agencies, such as the Securities and...