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Block Inc. (NYSE: SQ), Square’s and Cash App’s parent company, and valued at $44 billion has raised its earnings forecast for the year and unveiled significant plans to expand its Bitcoin (BTC) holdings. The announcement led to a 7.9% surge in Block’s shares in post-market trading. In a letter to share holders, CEO Jack Dorsey stressed the importance of an “open protocol for money“ aligning with broader movements towards cryptocurrency acceptance. “We believe the world needs an open protocol for money, one that’s not owned or controlled by any single entity,” Dorsey said in the note. Picks for you Shark Tank's Mark Cuban slams SEC: 'Trying to destroy crypto' 1 hour ago More Bitcoin bleeding ahead; BTC faces significant rejection as bears take control 1 hour ago Buy signal for two oversold cryptocurrencies this May 2 hours ago Britain’s gold sell-off in 1999 has cost the U.K. £21 billion 3 hours ago Thi...

Most cryptocurrencies are experiencing a significant sell-off, a development that has eroded their market capitalization. However, despite this trend, certain select assets still hold potential for upside in April, buoyed by key underlying fundamentals. They also stand to benefit if the market regains its bullish momentum. Consequently, Finbold has identified two cryptocurrencies likely to attract an inflow of capital in April 2024, propelling them toward the $1 billion market cap mark. It is worth noting that these assets are already nearing this significant milestone. Worldcoin (WLD) Worldcoin (WLD) is on a mission to onboard one billion people into the Web3 space. Its unique distribution model incentivizes global adoption, potentially fueling substantial growth and propelling its market cap beyond $1 billion by the end of April. Picks for you Bitcoin’s new resistance and support levels to watch this week 1 hour ago 1inch Swap API now integrated by Magic Square,...

South Korea’s digital asset market has seen remarkable growth in the first half of 2023, with its total market capitalization hitting $21.1 billion. The Financial Services Commission (FSC) of South Korea revealed that the country’s crypto market cap witnessed a 46% increase compared to the previous half-year term, local media outlets reported. The global crypto market has also experienced significant growth during the same period, with its market cap surging by 53% to reach $114 million (154 trillion won). Bitcoin (BTC), the leading crypto currency, saw its price rise by a robust 81%. South Korean crypto operators see 82% profit surge In addition to the sharp rise in market capitalization, South Korea’s virtual marketplace operators disclosed a remarkable 82% boost in operating profits, amounting to $168 million in the year’s initial half. Furthermore, deposits within these crypto currency exchanges experienced an 11% increase, reaching approximately $3 bi...

Tether Treasury has minted 1 billion USDT, equivalent to $1,000,485,000, on the Tron network, per an update on July 12. Just two months after its previous billion-dollar mint on April 21, the stablecoin issuer has once again achieved a billion-dollar milestone with its latest mint. 1,000,000,000 #USDT (1,008,235,000 USD) minted at Tether Treasuryhttps://t.co/EMkzybOauN — Whale Alert (@whale_alert) June 12, 2023 Monitoring the market Tether’s chief technology officer (CTO), Paolo Ardoino, explained that the recent minting of USDT is a part of Tether’s “inventory replenish” process on Ethereum. Notably, this issuance will not affect the overall market capitalization of USDT, as it is classified as an “authorized but not issued transaction.” Ardoino clarified that the newly minted USDT would serve as inventory for future issuance requests and chain swaps. A chain swap refers to a method employed by traders to move their digital ...

The price of the new frog-themed memecoin has surged more than 4,000% since its inception on April 14. The frog-themed memecoin Pepe (PEPE) surged over 85% in the last 24 hours and surpassed a $1 billion market cap three weeks after it was first launched on April 14, 2023. PEPE memecoin price breaks $0.000003 on May 5. Source: CoinGecko Ironically, the core value proposition of PEPE is that there isn’t one. The official website for the cryptocurrency Features a disclaimer that describes investment in the token in the following manner: “$PEPE is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. the coin is completely useless and for entertainment purposes only.” Currently, Pepe seems to be treading a similar path to its more well-known memecoin counterparts Dogecoin (DOGE) and Shiba Inu (SHIB). In 2021, DOGE surged by over 23,000% largely due to the vocal support for the token espoused by eccentric billion aire Elon Musk on ...