Bitcoin is hovering around $60,000, close to breaking its all-time high. This would be a significant milestone, as Bitcoin typically sets new records only after its halving events. The Halving’s Impact The halving reduces the number of new Bitcoins entering circulation, making the supply more scarce. This can lead to higher prices, especially when demand…
Upgrade Proposal The Terra Classic community has proposed a major upgrade to revitalize the network. The upgrade will introduce: IBC-Hooks and Package Forward Middleware (PFM) for improved dApp integration End-to-End (E2E) and Interchain Testing Suite for enhanced testing Security bug fixes to protect the network Community Support The community has recently approved several proposals aimed…
Enhanced Powers for Law Enforcement The UK is cracking down on cryptocurrency crimes with new powers for law enforcement agencies. Under the Economic Crime and Corporate Transparency Act 2023, authorities can now: Freeze digital assets suspected of criminal activity, even without a conviction Seize crypto assets from exchanges and wallets Destroy seized assets in extreme…
Rumors Swirl Over the weekend, rumors spread like wildfire that Qatar had invested a hefty sum in Bitcoin. The buzz started after Anthony Scaramucci, founder of Skybridge Capital, hinted at Qatar’s involvement on Twitter. Origin of the Speculation The rumors took root in September 2023 when Qatar’s Emir, Tamim Bin Hamad, visited El Salvador, a…
A renowned trader has identified a bullish signal for Dogecoin (DOGE) using a momentum indicator. The analyst, known as Bluntz, shared his findings with his followers on social media. Dogecoin’s Bullish Reversal Bluntz analyzed the Dogecoin versus Bitcoin pair (DOGE/BTC) and observed a strong bullish reversal signal on the weekly chart. He noted that this…
Former IMF official Desmond Lachman believes the US Federal Reserve’s policies are pushing the country to the brink of another banking crisis. Tight Monetary Policy, Thin Liquidity Lachman argues that the Fed’s tight monetary policy and limited liquidity are putting pressure on banks. He believes this is a mistake that increases the risk of a…
Crypto analyst Jamie Coutts believes Uniswap’s (UNI) proposed fee changes could be a major turning point for digital assets. Rewarding Stakers and Delegates Uniswap’s proposal aims to reward traders who stake and delegate UNI tokens with a share of the protocol’s revenue. This move, according to Coutts, could highlight the profitability of the digital asset…
According to blockchain security firm PeckShield, crypto thefts reached alarming levels in February, with over $360 million stolen. This marks a significant increase from the $182.54 million lost in January. PlayDapp Hit Hardest Crypto gaming platform PlayDapp (PLA) suffered the most, losing a staggering $290 million in two security breaches. Despite offering a $1 million…
Crypto analytics firm Glassnode reports that Bitcoin is experiencing a sustained uptrend, driven by traders who are still skeptical about its strength. Liquidated Bears Fuel Rallies According to Glassnode, bears who are shorting Bitcoin (betting on its price to fall) are getting liquidated, triggering short squeezes. This happens when traders who borrowed Bitcoin to sell…
CEO: New Investors Fueling Bitcoin Rally Michael Sonnenshein, CEO of crypto investment firm Grayscale, believes that pent-up demand for Bitcoin (BTC) is driving its recent price surge. Following the approval of Bitcoin exchange-traded funds (ETFs) in January, Sonnenshein says demand that was previously suppressed is now fueling Bitcoin’s rally. “A lot of pent-up demand based…
