Bitcoin has experienced a remarkable surge in value this year, soaring from around $16,500 to nearly $44,000. Many experts predict that this upward trend will continue, with a strong year-end performance. However, there are several key factors that could significantly impact the price of Bitcoin in the near future. One important factor to consider is
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In a significant development, the EthereumPoW (ETHW) organization has made the decision to dissolve itself. After thorough discussions and a consensus among the majority, the entity is fulfilling its initial commitments to transition towards complete decentralization. This decision reflects a careful assessment of ETHW’s ability to operate independently, without relying on Core’s support. The unanimous
Paxos, the New York-based stablecoin issuer, has made waves in the cryptocurrency industry with its announcement of the strategic expansion of its stablecoin issuance to the Solana blockchain platform. This move marks a significant milestone for Paxos as it aims to compete with rivals such as Circle and Tether in the highly competitive stablecoin landscape.
On the 30th of July, Curve Finance suffered a significant blow when four of its pools were exploited by hackers, resulting in a staggering loss of $73.5 million. This breach was made possible by a re-entrancy bug within the Vyper programming language. While the community and white hats swiftly responded, recovering a portion of the
The U.S. circuit court in Washington D.C. has recently ordered the Securities and Exchange Commission (SEC) to reconsider its rejection of a Bitcoin exchange-traded fund (ETF) application by Grayscale, a leading crypto hedge fund. This development has sparked speculation among industry investors and insiders about the potential impact on the price of Bitcoin and other
In March 2022, Mikhail Klyukin, a Russian banker who had been sanctioned by the White House, made headlines when he sold over £15 million in shares of UK-based cryptocurrency firm Copper Technologies. Klyukin, who held a 2% stake in the company, had been sanctioned due to his association with Sovcombank, a Russian lender closely linked
In recent times, the crypto market has faced declining prices and rising global interest rates. These circumstances have led many investors to shift their attention towards artificial intelligence (AI). While Bitcoin remains a primary focus, experts predict that AI will soon take center stage in shaping the future possibilities of the market. According to Nansen’s
Bitcoin has been the subject of much debate and speculation in recent years, with opinions on its future prospects varying greatly. One prominent voice in the financial industry, Fox Business anchor Charles Payne, has expressed his belief in the cryptocurrency’s immense potential. In a recent interview, Payne shared his thoughts on the advantages and disadvantages
As we approach the year 2024, the prospects for Bitcoin (BTC) and the wider crypto market seem promising. Various on-chain metrics suggest a positive trajectory for Bitcoin, including the upcoming halving, growing stablecoin liquidity, the anticipated approval of spot Bitcoin exchange-traded funds (ETFs), and macroeconomic conditions. In this article, we will delve into these factors
There has been much speculation lately about whether asset managers like BlackRock can use insider knowledge to “front run” their Bitcoin spot ETF approvals. However, Bloomberg ETF analyst James Seyffart is here to clear the air and dispel these rumors. According to Seyffart, ETF applicants will only begin buying BTC within days of their funds’
Solana’s native token, SOL, has been making significant strides in the crypto market, surpassing major cryptocurrencies such as XRP and BNB in terms of market capitalization. However, recent data raises concerns about SOL’s future due to the sizable holdings of FTX and Alameda. This article delves into the potential implications of their holdings and examines
In the cryptocurrency space, one altcoin has been gaining significant attention and has surpassed major cryptocurrencies in terms of market capitalization. Solana’s SOL token started the year with a price range of $10-12. However, it experienced remarkable growth, reaching over $70 last Friday. The bullish trend didn’t end there. The SOL token climbed even higher
The Worldcoin project, initiated by Tools for Humanity (TFH), has recently disabled its offline orb verification feature for users in India, Brazil, and France. This decision came as a response to the overwhelming demand for the free Worldcoin (WLD) tokens, which led to long queues at the designated locations. While the project aimed to establish
The PancakeSwap community has put forth an intriguing proposal to lower the overall supply cap of its native token, CAKE. This proposed adjustment aims to establish a maximum cap of 450 million for the token, down from the current limit of 750 million. The community believes that this reduction is necessary given CAKE’s consistent deflation
Bitcoin (BTC) layer 2 blockchain Stacks (STX) has skyrocketed in value following an endorsement by billionaire investor Tim Draper. With a significant 26% increase since Draper’s comments, Stacks is garnering attention as an emerging protocol in the crypto world. This article delves into the details of Stacks, its advantages, and how Tim Draper’s support could
Michael Saylor, a well-known Bitcoin advocate, has recently expressed his belief that the potential approval of a spot Bitcoin exchange-traded fund (ETF) could be the most significant development on Wall Street in the past thirty years. Drawing a parallel to the creation of the S&P 500 ETF, Saylor emphasizes the transformative potential a spot Bitcoin
Bitcoin’s price has once again shown its volatile nature, as it failed to break through the $43,000 mark, resulting in a steep decline of over $1,000. However, it has managed to recover most of its losses since then. This rollercoaster ride has left investors on the edge, unsure of where the cryptocurrency is headed next.
Revolut, a financial technology company, has announced its intention to suspend cryptocurrency purchases for its business clients in the United Kingdom. The decision comes as a response to the new regulations on crypto promotion set by the UK’s Financial Conduct Authority (FCA), scheduled to take effect in January 2024. This article aims to critically examine
The United States Securities and Exchange Commission (SEC) has recently announced a delay in the decision to approve Ethereum exchange-traded funds (ETFs) from several asset management firms. This news has generated significant interest within the crypto community and has raised questions about the future of ETFs in the cryptocurrency market. The SEC has issued delay
After a tumultuous few days in which Bitcoin struggled to overcome the $43,000 level, the primary cryptocurrency finally experienced a notable leg-up. In the past several days, Bitcoin traded south, dropping to around $40,500, and failed to make significant progress. However, the bears were outnumbered as the bulls came out to play, resulting in a
Bitcoin’s recent rally above $44,000 was met with resistance at nearly $45,000, leading to a significant price retracement. Market analytics platform CryptoQuant suggests that profit-taking by a specific group of investors might be responsible for this downward trend. By analyzing on-chain data, CryptoQuant’s analyst Yonsei discovered that short-term holders and the investor cohort holding their
Bonk Inu (BONK), the latest sensation in the cryptocurrency market, has been generating substantial buzz recently. With its rapid price swings and association with Solana, BONK has caught the attention of many, including Arthur Hayes, the co-founder of BitMEX. Hayes took to Twitter to praise BONK’s valuation performance and even suggested that it could surpass
Bitcoin’s remarkable performance in the market this year has sparked speculation among experts and analysts about the potential for the cryptocurrency to reach new heights. One analyst who believes in the possibility of Bitcoin skyrocketing to an impressive mark of $100,000 is DonAlt, the creator of the popular YouTube channel Technical Roundup. DonAlt suggests that
Decentralized finance (DeFi) has been on the rise in recent years, with cryptocurrency markets experiencing a surge of interest and activity. While decentralized exchanges (DEX) have traditionally had lower trading volumes compared to centralized exchanges (CEX), the recent market rally has led to an increase in DEX activity, albeit at a somewhat slower pace. Major
In a shocking turn of events, the United States Department of Justice (DOJ) has unearthed a crypto Ponzi scheme that defrauded investors of an estimated $25 million. The masterminds behind this elaborate scam are none other than 51-year-old David Gilbert Saffron of Australia and 52-year-old Vincent Anthony Mazzotta Jr. of California. Their fraudulent crypto investment
Ethereum’s native cryptocurrency, Ether (ETH), has experienced a significant resurgence in 2023, making a remarkable recovery from the losses suffered during the tumultuous year of 2022. According to data from CoinGecko, ETH has reached nearly $2,400 in recent days, although it still falls short of its all-time high of over $4,800 recorded in November 2021.
Bitcoin, the leading cryptocurrency, experienced a roller coaster weekend as it attempted to breach the $43,000 mark but fell short. It retreated to its initial position of approximately $42,000. Other altcoins also faced minor losses, except for Shiba Inu and Internet Computer, which recorded substantial gains. Following its peak on Saturday, Bitcoin retraced on Sunday