Tokyo-based mobile game developer gumi posted a sharp turnaround in quarterly profits as cryptocurrency holdings significantly boosted earnings. Despite a steep drop in core gaming revenue caused by restructuring and asset sales, the company leveraged Bitcoin gains and a planned XRP purchase to deliver strong overall financial results. Crypto Windfall Offsets Weak Game Revenue Gumi
Bitcoin is set for a powerful fourth-quarter rally, with accelerating market momentum and bullish sentiment driving Fundstrat’s bold call for a $200,000 price by year-end. $200K Bitcoin Possible by Year-End, According to Fundstrat’s Tom Lee A bullish narrative is gaining traction in cryptocurrency markets as forecasts for bitcoin’s year-end potential become increasingly optimistic. Supporters point
Calling crypto “Web 3.0”, the third layer of the internet that enables permissionless asset ownership on the Web, “undermines” crypto’s true significance, which is a complete overhaul of the capitalist system, according to Mert Mumtaz, CEO of remote procedure call (RPC) node provider Helius. Mumtaz said that crypto supercharges all the necessary ingredients for capitalism
The cryptocurrency market has left behind a week in the green for Bitcoin and altcoins in general. However, the new week will play host to one of the most critical weeks of the year. The interest rate decision, to be announced on Wednesday, will be particularly closely watched. Here is the cryptocurrency calendar we have
ICB Network has announced that it has entered into a strategic alliance with Tectum, which is regarded as one of the fastest blockchains in the market. The partnership will revolutionize the digital payments by introducing Tectum into the ICB ecosystem with the SoftNote technology so that users and companies worldwide can get instant and free
According to a recent report by The Wall Street Journal, Mark Casey, an equity portfolio manager at Capital Group, is aggressively betting on Bitcoin despite being a follower of Berkshire Hathaway founder Warren Buffett, who is known as one of the critics of the original cryptocurrency. Casey is betting on Bitcoin because he is convinced
Using blockchain technology, Fight.ID, an official partner of UFC Strike digital collectibles, connects the expanding Web3 user community with the UFC’s worldwide fan base. Through the ongoing creation of blockchain-powered products and experiences, the partnership seeks to improve UFC’s digital fan interaction. The UFC, the leading mixed martial arts (MMA) organization in the world, and
Bitcoin changed hands around $115,685 on Sunday afternoon, and derivatives desks were anything but sleepy as futures and options activity stacked up across venues. Spot markets don’t even need drama; positioning is doing all the talking for now. Bitcoin Open Interest Nears Cycle Highs Futures first: total bitcoin ( BTC) open interest (OI), according to
Bitcoin rallied and moved above $115,000 last week as expectations of Federal Reserve interest rate cuts rose and as exchange-traded inflows jumped by over $2.3 billion. At last check on Sunday, Sept. 14, the top cryptocurrency was down 0.5% for the day. See below. Source: CoinGecko Summary Bitcoin price has rallied ahead of the Federal
MicroStrategy founder Michael Saylor has re-released Bitcoin Tracker data. In his statement, Saylor stated, “Bitcoin deserves praise,” indicating that new purchases may be on the horizon. According to the company’s past practice, MicroStrategy typically officially announces its BTC purchases the day after the news is released. This has fueled market anticipation of a new buying