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Key Points: Bitcoin’s price shows signs of a potential bullish breakout. Analyst predicts a near-term surge to $61,000. Bitcoin is currently retesting the Tenkan indicator. A potential drop to $47,300 is possible if the downside breaks out. Bitcoin has entered the second phase of the bull run. Network sees significant investment inflow from investors. Upcoming…
The European Central Bank (ECB) officials don’t believe Bitcoin (BTC) has any value as a financial asset, even after the U.S. approval of a spot exchange-traded fund (ETF) for the cryptocurrency. ECB’s Disapproval of Bitcoin In a blog post, ECB director general Ulrich Bindseil and advisor Jürgen Schaaf stated that the U.S. Securities and Exchange…
Despite the launch of Bitcoin Exchange-Traded Funds (ETFs) by industry giants like BlackRock and Fidelity, Bitcoin’s price hasn’t shown a significant response. Tepid Performance: Prior to the ETF launch, Bitcoin reached a peak of $49,040 on January 11. Currently, it’s hovering around $51,000, a modest increase of 4.3%. Market observers are puzzled, considering the massive…
ETF Boom Ignites Gold Rush in Crypto World The introduction of spot Bitcoin ETFs has sparked a surge of interest in the cryptocurrency market, attracting both new and experienced investors. These investment vehicles provide a convenient and accessible way to gain exposure to Bitcoin, but their impact on the cryptocurrency’s core principles and long-term stability…
Crypto analyst Bluntz Capital sees a bright future for the Dogwifhat (WIF) token. He believes WIF has the potential to challenge Dogecoin (DOGE) and Shiba Inu (SHIB) as the leading meme coins. Turbo Parabolic Rally Bluntz predicts that WIF is poised for a “turbo parabolic” rally, with the price potentially reaching $1. He believes that…
COPA Trial: Unveiling Satoshi’s Emails In a recent trial between the Crypto Open Patent Alliance (COPA) and Craig Wright, previously unseen emails between Adam Back and the mysterious Bitcoin creator, Satoshi Nakamoto, were disclosed. Wright, who claims to be Nakamoto, faces legal challenges over his attempt to copyright the BTC whitepaper and related materials. The…
Jack Dorsey’s Block, a leading digital payments company, had a stellar Q4 2023, with Bitcoin sales jumping 37% year-over-year and strong performances from Cash App and Square. Bitcoin Bonanza: Sales Skyrocket, Holdings Strengthen Bitcoin continues to be a major driver of growth for Block, with total sales reaching an impressive $2.52 billion in Q4. Cash…
FTX to Sell $1 Billion Anthropic Stake US Bankruptcy Judge John Dorsey approves FTX’s proposal to sell its 7.84% shares in Anthropic. FTX filed a motion on February 3 to auction off its Anthropic Series B stock. FTX invested over $500 million in Anthropic in 2021. Anthropic’s valuation is expected to reach $15 billion, elevating…
Dencun Upgrade Expected to Boost Layer-2 Adoption Guy Turner, the host of the Coin Bureau YouTube channel, is optimistic about the prospects of Ethereum (ETH) layer-2 projects. In a recent strategy session, Turner told his 2.41 million subscribers that the upcoming Dencun upgrade could lead to a surge in the value of layer-2 tokens. The…
An NFT platform, Pizza Ninjas, has successfully launched a classic Nintendo 64 emulator on the Bitcoin (BTC) blockchain using BTC ordinals. Ordinals allow data to be inscribed on satoshis, the smallest unit of BTC. Emulators and Brotli Compression Emulators enable gamers to play video game consoles on other devices without owning or operating the console…
