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After Bloomberg reported that the DOJ and IRS were investigating Binance, the value of major cryptocurrencies fell across all exchanges.
However, Elon noted that Tesla will not sell the existing Bitcoin investment as they plan to use it once the mining shifts to renewable and greener energy sources.
In terms of individual company performance on Wednesday, FAANG stock all closed with losses.
Vitalik Buterin offloaded nearly 50 million SHIB coins through wallet transactions while donating the proceeds of the sale to India’s Crypto Covid Relief Fund. He also donated to the Ethereum-based fundraising platform Gitcoin.
However, despite the bullish calls, UNSW associate professor Elvira Sojli thinks the Ethereum price will trade around $1,850 by the end of 2025.
Ethereum has been one of the best-performing digital assets this year. The digital coin’s year-to-date gains are over 480% and despite its slight slide, its value is up by 65% over the last 30 days and 7.4% in the last 24 hours.
After a sharp correction earlier on Tuesday, shares of Big Tech made a good recovery by the end of the trading session. The fears of inflation continue to hover over the market.
Jordan Sweetnam, Senior vice VP and General Manager for eBay’s North America Market, revealed that eBay will also add new capabilities that bring blockchain-driven collectables to the platform.
The new Bullish exchange from Block.one will combine the best of decentralized Finance (DeFi) and traditional exchanges. It will have special features like performance, user privacy, and compliance with the traditional platforms.
One of the core aims of UBS Chief Executive Officer Ralph Hamersб who replaced Sergio Ermotti, is to cut operational costs while digitizing bank’s operations and product offerings.
Ethereum (ETH) continues its mega rally taking its year-to-gains at above 460%. As ETH Mega bull run continues, the demand for Ether derivative products increases.
The attainment of the new ATH by Ethereum has duly reawakened the prospects of the digital currency to take Bitcoin over in terms of market capitalization in the future.
The Dfinity Foundation designed the Internet Computer to be self-amending so that changes in the protocol can be ensured automatically without altering the functioning of the system and the protocols that reside on it.
The highly anticipated Dfinity Mercury Genesis launch is upon us, and the team behind the Internet Computer project are all hands on deck to ensure an adequate understanding of the innovation by members of the public.
According to the bank executive, Citigroup’s plan to consider crypto services was fueled by a “very rapid” increased interest of clients in digital assets.