Crypto Adoption Outpacing the Internet Financial expert Raoul Pal believes cryptocurrencies are being adopted at an unprecedented rate, outpacing even the growth of the internet. He bases this on the number of active wallet addresses, which he says is a more accurate measure than the number of crypto users. Tokenized Rails for the Future Pal…
K9 Finance, Shiba Inu’s official staking partner, has approved four proposals to boost the ecosystem’s growth and sustainability. Reduced Token Taxes KNINE token transactions will now have 0% tax on purchases and 3% tax on sales. This aims to make it easier to buy in while rewarding long-term holders. Operational Budget A monthly budget of…
After the recent market dip, a renowned crypto analyst predicts that investors will turn to larger, more established altcoins for safety. Flight to Quality Altcoin Psycho, with over 500,000 followers, believes that investors will seek out altcoins with market caps of at least $1 billion. The market meltdown has made investors wary of speculative altcoins….
Background Senators Elizabeth Warren and Charles Grassley have sent a letter to Commodities and Futures Trading Commission (CFTC) Chair Rostin Behnam, requesting information about his relationship with Sam Bankman-Fried, the former CEO of FTX. Alleged Ties Bankman-Fried is currently serving a 25-year prison sentence for stealing $8 billion from FTX users. The senators believe that…
Crypto analyst Jason Pizzino believes Bitcoin’s recent surge resembles its 2019 pattern. Parallels to 2019 In 2019, Bitcoin soared 400% before consolidating for six months. Pizzino suggests that the current rally from $25,000 to $74,000 may follow a similar trajectory. Key Price Ranges Pizzino is monitoring key price ranges to predict Bitcoin’s next move. If…
Halving Event to Boost BTC in Six Months Kris Marszalek, CEO of Crypto.com, believes Bitcoin’s bull market is still in its early stages. In an interview with Bloomberg, he predicts a “great performance” for BTC in the next six months. The upcoming halving event, where miners’ rewards are halved, will be a positive factor, according…
Spot Bitcoin ETFs Driving Growth Crypto expert Willy Woo believes Bitcoin is poised to skyrocket to $650,000, fueled by the growing popularity of Spot Bitcoin ETFs. These ETFs allow investors to trade Bitcoin directly on exchanges, increasing demand and potentially pushing the price up. Calculations for the Surge Woo’s calculations estimate that $2 trillion could…
BlackRock’s Bitcoin ETF (IBIT) is making waves in the financial world. It’s already attracting interest from over 30 fund managers, signaling a growing appetite for digital assets among traditional institutions. Fund Manager Ownership Eric Balchunas, a Bloomberg ETF expert, believes this is just the beginning. He calls it the “tip of the iceberg,” suggesting even…
Indictment and Charges A Nebraska man has been indicted by New York authorities for allegedly running a $3.5 million crypto scheme. If found guilty, he could face up to 30 years in prison. The man, Charles Parks III, is accused of fraud, money laundering, and unlawful monetary transactions. He allegedly stole computing resources from two…
Surge in Korean Won Trading The South Korean won has become the leading currency for cryptocurrency trading worldwide in the first quarter of 2024. According to Kaiko, the total trading volume in Korean won reached $456 billion, surpassing the $445 billion traded in US dollars. This surge is attributed to the growing demand for “risky…
