Tether, the company behind the USDT stablecoin, is shaking things up with a major reorganization and expansion plan. They’re splitting into four divisions to go beyond just stablecoins: The Four Divisions Data: Investing in cutting-edge tech like AI and P2P platforms. Finance: Expanding stablecoin offerings and building new blockchain-based financial tools. Power: Focusing on sustainable…
Crypto analyst Ash Crypto has shared his predictions for the next 12-15 months, including Dogecoin and XRP. Dogecoin Ash Crypto predicts Dogecoin will reach $1 by 2025. This represents a less than 1000% increase from its current price of $0.14. XRP Crypto believes XRP will finally cross the $1 mark and reach between $3 and…
AI Tokens on the Rise With Bitcoin reaching record highs in March 2024, the crypto market is experiencing a bullish cycle. However, AI-based tokens are stealing the spotlight with remarkable growth. Why the Surge? ChatGPT’s GPT-4 launch in 2023 sparked interest in generative AI. Tech giants like Microsoft and Google invested heavily in AI initiatives….
Solana-Based Dogwifhat (WIF) Analyst Bluntz believes the Solana-based memecoin WIF has bottomed out after hitting a low of $1.89. Bluntz predicts a potential rally based on the Elliott Wave theory, which suggests a bullish reversal after a corrective move. Ethereum Competitor Near (NEAR) Bluntz is also optimistic about Near, an Ethereum competitor that has corrected…
Hidden Road Partners, a crypto investment firm backed by Citadel, is reportedly raising funds in a Series B equity round that could value the company at nearly $1 billion. Rise of Prime Brokerages Hidden Road, founded in 2018, offers prime brokerage services for digital assets, precious metals, and foreign exchange. The popularity of prime brokerages…
Crypto analyst Kaleo believes PancakeSwap (CAKE) is poised for a breakout. He sees the decentralized exchange (DEX) altcoin as undervalued against Bitcoin (BTC) and the US dollar. Pattern Recognition Kaleo notes a repeating pattern in CAKE’s price action since November 2023. Each upward leg has been preceded by a sharp downward wick. He believes this…
Crypto exchange Bybit has released a report that sounds the alarm on Bitcoin’s dwindling supply on exchanges. Bitcoin Supply Crunch Bybit’s report reveals that Bitcoin reserves on exchanges have been rapidly declining, with only enough left to last for about nine months. This is due to a daily influx of $500 million into Bitcoin ETFs,…
Historical Halving Trends Bitcoin has undergone three halvings since its inception in 2009. In each case, the cryptocurrency’s price has reacted differently. 2016 Halving: BTC price dropped 30% after the halving, reaching $460. 2020 Halving: BTC price dropped 15% after the halving. Possible Price Movements Based on these historical trends, it’s possible that BTC’s price…
The Prisma Finance Exploit On March 28, Prisma Finance lost $12 million in a hack. The hacker, claiming to be a “Whitehat” looking out for users, demanded the team change the post-mortem report to remove accusatory terms like “exploit” and “hacker.” The Bounty Demand Unsatisfied with the team’s compliance, the hacker asked for a bounty…
While everyone’s talking about the Bitcoin halving and ETFs, there’s a serious issue brewing that could slow down Bitcoin’s growth: the explosion of token standards. Fragmented Token Standards A recent analysis pointed out the increasing number of different standards for issuing tokens on Bitcoin. BRC-20, Inscriptions, and the upcoming Runes are all competing for dominance….
