Understanding and Investing in Bitcoin Rule 1: Understand or Criticize Understand Bitcoin’s potential to see the paradigm shift. Rule 2: Skepticism to Advocacy Don’t dismiss Bitcoin; its resilience and potential are evident. Rule 3: Never Stop Learning Bitcoin is complex and constantly evolving. Rule 4: Non-Geopolitical Store of Wealth Bitcoin is a stable asset in…
Market Cap Competition with Gold James Check, a former analyst at Glassnode, predicts that Bitcoin (BTC) will reach six figures during this market cycle. He believes that BTC’s market cap could eventually match that of gold. Price Targets Check estimates that BTC’s fair value is around $1.2 million Australian dollars ($803,034 USD), based on its…
Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), has announced that Ethereum (ETH)-based exchange-traded products (ETFs) are expected to receive full approval by the end of summer. Partial Approval Earlier This Year In May, the SEC partially approved applications from several financial institutions, including BlackRock and Fidelity, to create ETH ETFs. However,…
A former employee of Truist Bank, Derrick Alan Smith, has been accused of stealing over $24,000 from customer accounts. Embezzlement Scheme According to the Federal Deposit Insurance Corporation (FDIC), Smith used blank checks to withdraw funds from four different customer accounts without their knowledge or consent. The transactions occurred between April 23, 2019, and October…
According to Ki Young Ju, CEO of CryptoQuant, the US Bitcoin (BTC) market is poised to lead the next leg up in crypto prices. Stablecoins and Offshore Liquidity Ju notes that while stablecoins are often seen as a source of global liquidity, their market cap growth is not keeping pace with BTC and ETH. He…
First Attack On June 10th, UwU Lend was hit by a $19.3 million attack. The attacker used flash loans to manipulate the price of USDe and borrow more than expected. Reimbursement Process After the first attack, UwU Lend promised to repay users. However, during the reimbursement process, a second attack occurred. Second Attack The second…
Despite the recent price drop, Bitcoin remains in the game, with support holding strong above $67,000. Bullish sentiment is still high, with investors anticipating a significant price jump. Magic Bands Analysis Crypto analyst CryptoCon believes Bitcoin has more room to grow before reaching its peak. According to his “Magic Bands” analysis, the cryptocurrency has yet…
SEC’s Partial Approval The Securities and Exchange Commission (SEC) has given a green light to Ethereum ETF filings from major asset managers like BlackRock and Grayscale. Timeline for Full Approval SEC Chairman Gary Gensler hinted that full approval for these ETFs could be granted by the end of summer, potentially around September 22nd. Regulatory Challenges…
Generational Bottom Dogecoin is at a crucial point, and analysts believe it’s forming a “generational bottom.” This means it’s a historically low point that could lead to a significant rally. Past Performance In previous bull cycles, Dogecoin has experienced similar generational bottoms. After these bottoms, the price has soared dramatically. For example, in 2021, Dogecoin…
Regulatory Roadblocks The US has been losing its grip on crypto development due to strict regulations from the SEC under Gary Gensler. A recent Coinbase report shows a 26% drop in US-based crypto developers since 2018. Industry Concerns Experts like Bill Morgan and Paul Grewal have raised concerns about the stifling effects of these regulations…
