Bitcoin’s Stalled Rally Despite the recent halving event, Bitcoin’s price has remained stuck in a narrow range. Investors are growing impatient and calling for a sell-off. Increased Sell Calls on Social Media According to Santiment, social media posts about selling Bitcoin have spiked. This indicates a shift in sentiment, with bearish calls outweighing bullish ones….
Legalizing Crypto Mining Russia is considering a bill to legalize and regulate crypto mining. The bill aims to encourage the industry while minimizing risks. Tiered Approach The bill proposes a licensing system for miners. Large-scale operations will require licenses, while individuals with low energy consumption can mine without one. Balancing Innovation and Security The bill…
Key Targets and Analysis Crypto analyst Kevin believes Dogecoin (DOGE) could rally an impressive 2,500% during this bull cycle. He highlights several key price targets: $3.80: This level represents the 1.1618 Fibonacci extension, which DOGE has historically surpassed. $0.95 and $1.35: These are notable targets based on previous performance. Kevin acknowledges that reaching these heights…
A Unique Approach to Conservation Chimpzee is making waves with its NFT Passports, designed to rekindle interest in wildlife conservation among the youth. The project is set to transform climate action through its unique approach. Key Pillars of the Chimpzee Ecosystem Three pillars support the Chimpzee ecosystem, fostering a community centered around sustainability: Shop-to-Earn: An…
Legal Battle with the Fed Custodia Bank is appealing a court ruling that denied its request for a master account with the Federal Reserve Bank of Kansas City. The bank believes this account is essential for its growth and access to the federal financial system. Custodia filed a lawsuit in 2022 after experiencing delays in…
Lack of Awareness Among Ultra-Wealthy Investors Despite their immense wealth, many crypto millionaires lack essential knowledge about safeguarding their assets. A survey by Owner.One revealed that only 7% of ultra-rich investors conduct due diligence before investing in crypto, putting their assets at risk. Indifference to Loss Alarmingly, 87.2% of the surveyed investors believe they won’t…
Ethereum Liquid Staking Project A crypto trader, Ali Martinez, has spotted a bullish sign for Lido DAO (LDO), a liquid staking service for Ethereum. According to the Tom DeMark (TD) Sequential indicator, LDO could surge to $3 if it holds above $1.85. Bitcoin Sell Signals Martinez also warns of two sell signals for Bitcoin (BTC)….
Crypto Market on the Brink of Revolution Crypto analyst Doctor Profit predicts a huge surge in Bitcoin and the broader crypto market, calling it the “third Industrial Revolution.” He urges investors to jump on board or risk regretting it. Bitcoin’s Target: $84,000 Profit believes Bitcoin will reach $84,000 after breaking out of its current trading…
US regulators have announced the closure of Republic Bank, the first bank failure of 2024. The FDIC (Federal Deposit Insurance Corporation) has stepped in to protect $6 billion in assets and $4 billion in customer deposits. Assets Transferred to Fulton Bank Fulton Bank, a former rival of Republic Bank, will take over the bank’s assets…
New data suggests that Bitcoin mining may not be as profitable as it once was. Declining Hashprice The “hashprice,” which measures the revenue miners earn for their computing power, has dropped to near record lows. This decline comes despite the recent Bitcoin halving, which usually boosts the cryptocurrency’s value. Challenges for Miners The low hashprice…
