The IMF is proposing a huge tax increase on cryptocurrency mining, aiming to curb its growing energy consumption. They’re suggesting a 85% hike in electricity costs for miners, which they say could generate over $5 billion in tax revenue annually. The Big Picture: A Lot of Energy, A Lot of Emissions The IMF claims that…
A popular crypto analyst, known as The Crypto Dog, is predicting a big rally for a few cryptocurrencies. Saga (SAGA) Ready to Take Off? The analyst believes that Saga (SAGA), a lesser-known layer-1 blockchain project, is about to break out of its slump. Saga allows developers to create their own specialized blockchains called “Chainlets”. “Saga…
A popular crypto analyst is predicting good things for altcoins. Michaël van de Poppe, who has over 700,000 followers on X (formerly Twitter), says the “TOTAL3” chart is showing a strong signal that altcoins are about to surge. What is TOTAL3? TOTAL3 tracks the market value of all cryptocurrencies except Bitcoin, Ethereum, and stablecoins. Van…
A former Goldman Sachs executive, Raoul Pal, is predicting big things for Solana (SOL), a major competitor to Ethereum (ETH). Solana’s Potential Price Surge Pal believes Solana could reach a price of over $1,000 by the end of the current market cycle. That’s a potential gain of over 600% from its current price. He even…
Bitcoin (BTC) might be on the verge of a huge price jump, according to Jamie Coutts, an analyst at Real Vision. He’s pointing to a key factor that has historically led to big Bitcoin rallies: global liquidity. Liquidity is Key Coutts says that global liquidity is starting to pick up steam, which is great news…
The US government has been moving around Bitcoin seized from the infamous Silk Road marketplace, and a lawyer believes this is a sign they’re finally selling it. Bitcoin on the Move Recently, 10,000 Bitcoin, worth around $593.5 million, were transferred from a US government wallet to Coinbase Prime, a platform used by institutional investors. This…
Bad News First: Bitcoin Might Dip A crypto expert is worried about Bitcoin. They’re seeing a pattern that suggests Bitcoin might go down a bit before it goes up. This pattern is called a “death cross” and it basically means the 50-day average price is below the 200-day average price. This has happened before, and…
Sovereign wealth funds (SWFs) could be the key to sending Bitcoin to new heights, according to Bitcoin advocate Daniel Batten. He believes that if these funds, which manage trillions of dollars, were to invest even a small percentage of their assets in Bitcoin, the price could skyrocket to over $148,000. Why SWFs Are Holding Back…
The long-running legal battle between Ripple and the SEC is finally over, at least for now. A judge ruled that Ripple should pay a $125 million fine for breaking securities laws. This means both Ripple and the SEC will have to move on, but they could still appeal the decision. What’s Next for Ripple and…
The Bitcoin ETF market is booming, with more and more investors piling in. A recent report by Bloomberg shows that over 700 new funds have bought into Bitcoin ETFs, bringing the total number of holders to nearly 1,950. Who’s Buying? Everyone from hedge funds like Millennium Management and Point72 Asset Management to pension funds and…
