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Gary Gensler, head of the US Securities and Exchange Commission (SEC), recently expressed concerns about Bitcoin’s alleged involvement in ransomware attacks. Gensler’s Critical View of Bitcoin Despite the success of Bitcoin exchange-traded funds (ETFs), Gensler has consistently criticized the cryptocurrency. He has called it a “speculative and volatile asset” and highlighted its use in illegal…
A renowned crypto analyst predicts significant growth for three altcoins: ORDI, Avalanche (AVAX), and THORChain (RUNE). ORDI: Non-Fungible Token Bridge The analyst believes ORDI, a project that aims to integrate non-fungible tokens (NFTs) with the Bitcoin blockchain, is poised for a major surge. The coin has broken above a resistance level, indicating a potential breakout….
Jeffrey Wilcke, a co-founder of Ethereum, has transferred a significant amount of ETH to the crypto exchange Kraken. Large Transactions Wilcke sent 10,000 ETH (worth $27.52 million) to Kraken on Wednesday and 4,300 ETH (worth $10.75 million) over the weekend. Purpose Unknown It’s unclear why Wilcke moved the ETH, but it could be for sale…
Crypto expert Kevin Svenson predicts that Bitcoin (BTC) could surge to $60,000 before the upcoming halving event, where miners’ rewards are halved. Svenson believes that the current momentum could propel BTC to this key resistance level. However, he cautions that a dip to around $44,000 is possible after the halving. Svenson attributes the potential rise…
According to economist Alex Krüger, Ethereum (ETH) has been lagging behind other digital assets due to its size and established presence. However, he believes that the cryptocurrency could experience a surge if spot market ETH exchange-traded funds (ETFs) gain popularity. ETF Narrative as a Catalyst Krüger emphasizes that the ETF narrative could drive ETH’s growth….
Bitcoin’s Rise Bitcoin has been on a tear, breaking above $51,500 after a brief dip below $49,000. This surge has pushed the cryptocurrency to its highest point since December 2021. Futures Market Bloodbath The futures side of the crypto market has witnessed a bloodbath, with $221 million in liquidations over the past 24 hours. Short…
The Shiba Inu community, known as the SHIB army, has been eagerly awaiting a Valentine’s Day surprise. And now, the wait is over: the enigmatic “Sheboshis” have finally been unveiled. What are Sheboshis? Sheboshis are a new type of NFT that will complement the existing Shiboshis collection. They are expected to offer a unique experience…
Trader Joe, the DEX on the Avalanche blockchain, has dethroned PancakeSwap to become the second-largest DEX by fees generated in the past 24 hours. Key Takeaways Trader Joe processed over $142 million in trading volume on the last day, with 98% of fees coming from Avalanche-based tokens. The DEX also facilitated over $100 million in…
Cathie Wood’s Prediction Cathie Wood, CEO of Ark Invest, believes that only Bitcoin and Ethereum will get the green light for spot ETFs in the US. She thinks the Securities and Exchange Commission (SEC) will not approve funds that don’t include these two major cryptocurrencies. SEC’s Preference Wood’s prediction aligns with experts who have said…
Dave the Wave Predicts Bitcoin’s Future The crypto trader who accurately predicted the crypto market crash of 2021 believes Bitcoin (BTC) is poised to reach much higher prices. The analyst, known as Dave the Wave, shared a chart with his followers outlining a possible scenario for Bitcoin’s price over the next year or so. Bitcoin’s…
