Institutional Investors Fuel the Rise The Bitcoin price has soared past $59,000, defying expectations and continuing its rally ahead of the upcoming halving event. Institutional investors have played a significant role in this surge, taking advantage of the Bitcoin Spot ETFs approved by the SEC. Despite concerns about high fees, inflows into the Grayscale Bitcoin…
A long-lost Ethereum (ETH) wallet has come back to life, sending over $773,000 worth of ETH to Coinbase, the largest US crypto exchange. Pre-Mine Surprise The wallet, created before Ethereum’s public launch, had been dormant for over 8.5 years. When it awoke, it sent a single ETH to Coinbase, followed by a whopping 237.748 ETH….
Fidelity’s Game-Changing Move Fidelity Investments, a financial giant with over $12.6 trillion in assets, has made a bold move by recommending a 1-3% allocation to Bitcoin in traditional portfolios. This groundbreaking decision is expected to attract hundreds of billions of dollars into the cryptocurrency market. Experts Predict Bitcoin’s Future Matt Ballensweig, Head of Go Network…
Price Surge and Investor Interest Bitcoin (BTC) has been on a tear, rising 5% in the past day and rapidly approaching the $60,000 mark. This surge in price is driven by renewed investor interest in the world’s largest cryptocurrency, which is approaching its all-time high. Pre-Halving Rally The price increase coincides with a surge in…
Proposed Sentence Limit Sam Bankman-Fried’s (SBF) lawyers have requested a sentence of 63 to 78 months (5 to 6.5 years) in prison. This is significantly lower than the statutory maximum of over 100 years. Arguments for Leniency SBF’s lawyers argue that he deserves a lenient sentence due to: His charitable work and commitment to others…
Whale Withdrawals from Bitfinex Fuel Rally Bitcoin has surged above $59,000 as large investors, known as “whales,” have been withdrawing significant amounts of BTC from the cryptocurrency exchange Bitfinex. Whales Pull $240 Million from Bitfinex Analyst James Van Straten has noted that the recent surge in Bitcoin’s price towards $60,000 is partly due to the…
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A trader who correctly predicted the 2018 Bitcoin bear market bottom is optimistic about two memecoins. Dogwifhat (WIF) Analyst Bluntz believes that WIF has been forming bullish patterns, with each corrective move leading to a higher low. He suggests that the memecoin is on the verge of breaking out from an ascending triangle pattern, targeting…
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Binance Labs, the venture capital arm of Binance, has invested in Babylon, a Bitcoin (BTC) staking protocol. What is Babylon? Babylon is a protocol that allows users to stake their Bitcoins for proof-of-stake (PoS) blockchains. This means that Bitcoin holders can earn rewards without having to give up custody of their coins. Babylon is built…
