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Showing posts with the label assets

Dogecoin or Litecoin: Which Crypto Will Bring Big Gains in 2025

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The cryptocurrency market has been in session for several years now. While most popular assets have made their debut only in the last couple of years, the market includes coins that have existed for more than a decade now. Both Dogecoin (DOGE) and Litecoin (LTC) are two of the earliest cryptocurrencies in the ecosystem. These currencies have grown in their own way over the years. But the real question is are they still relevant and how much profits will they bring their investors in 2025? Also Read: Goldman Bets $1.4B on Blackrock’s Bitcoin ETF: 516 Trillion SHIB Set to Be Hit Dogecoin vs Litecoin Source: Watcher Guru Dogecoin, the OG meme cryptocurrency, made its debut back in 2013. Created by Billy Markus and Jackson Palmer as a joke, DOGE went on to prove to be much more. At the time of writing, the asset was trading at $0.2365. This comes after a 5.19% rise in its price over the past 24 hours. It should be noted that DOGE reached an all-time high of $0.7376 about four years ago in ...

What are the 3 assets most correlated with Bitcoin?

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Bitcoin price is closely linked to several financial assets but the reasons for correlation with certain precious metals and stocks can be quite different. The financial media often points out Bitcoin’s (BTC) correlation to big tech. “Bitcoin is trading like a tech stock” is a common narrative alongside BTC's often acute inverse-relationship with the United States dollar. But are these correlations set in stone, and can they be useful for predicting future price moves? Let's take a closer look at several reports analyzing the relationship between Bitcoin and various asset types.  Bitcoin's historic correlations vary across timeframes A report published in October 2022 by the Multidisciplinary Digital Publishing Institute arrived at several key conclusions regarding Bitcoin’s correlations with traditional financial assets, including: The extreme volatility of the Bitcoin market means that long-term correlations are stronger than short-term correlations; The “positive linka...

Thai SEC says bank customer crypto assets off-limits for lending and investment purposes

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Thailand’s Securities and Exchange Commission (SEC) introduced new regulations aimed at digital assets.  The guidelines mandate that digital asset service providers must provide comprehensive risk warnings to ensure awareness of the potential risks involved in cryptocurrency trading. Enhance investor protection On July 3, the Securities and Exchange Commission (SEC) of Thailand unveiled new rules regarding digital asset trading and services, with the details published in the Royal Gazette.  The key highlights include a mandatory risk disclosure for cryptocurrency trading and a ban on deposit-taking and lending services. Starting from July 31, 2023, operators, brokers, and traders in cryptocurrency trading centers must provide a clear warning about the high-risk nature of cryptocurrencies, ensuring users understand the potential loss of their entire investment. Users must also receive an investment suitability assessment and information on appropriate investme...

Watch out Ordinals, 30,000 ‘Ethscriptions’ land on Ethereum

Inspired by Bitcoin Ordinals inscriptions, Ethscriptions offer a new way to mint NFTs on Ethereum. Ethereum users have been given another way to create nonfungible tokens (NFTs) and other digital assets on the blockchain with the launch of a new protocol. Launched on June 17 the protocol, dubbed “Ethscriptions,” is a nod to the Bitcoin (BTC) Ordinals protocol — where assets are known as “inscriptions.” Ethscriptions was developed by music website Genius.com co-founder Tom Lehman, who uses the pseudonym Middlemarch on Twitter. Lehman declared the project a “huge success” in a series of tweets on June 17 and noted nearly 30,000 Ethscriptions had been created within the first 18 hours of the protocol going live. With almost 30k Ethscriptions in <18 hours, the launch was a huge success! Thank you for seeing the massive potential here! I am on Ethscriptions 24/7, but I need your help! DM @proroketh to join our protocol Twitter chat. Ideas, bug reports, NO alpha, NO trading, NERDS ONLY! ...