Background A Dutch court has sentenced Alexey Pertsev, a developer of the crypto mixing tool Tornado Cash, to 64 months in prison. The court alleges that Tornado Cash was used to launder money from criminal activities, including terrorism. Tornado Cash’s Role in Money Laundering According to the court, Tornado Cash facilitated the laundering of approximately…
Chart Analysis Peter Brandt, a seasoned trader, has warned that XRP may lose significant value against Bitcoin (BTC). According to his analysis, the XRP/BTC pair is nearing its all-time low and could potentially fall below 0.0000002 BTC ($0.013). Bullish Outlook Challenged Despite acknowledging the possibility of XRP outperforming BTC in the future, Brandt emphasizes that…
Analyst Jamie Coutts predicts that artificial intelligence (AI) could skyrocket the valuation of smart contract platforms to a staggering $15-$25 trillion by 2030. AI’s Role in Smart Contract Growth Coutts believes AI will increase the demand for on-chain verification and authentication services. Human-directed or autonomous AI agents could use smart contract platforms to exchange value,…
Two Bitcoin wallets that have been dormant for over a decade have suddenly become active, transferring a combined $60.9 million worth of BTC. Awakening of the Giants On September 12th, 2013, two wallets received 500 BTC each, when the cryptocurrency was worth $124 per coin. After remaining untouched for over 10 years, both wallets emptied…
Economist Henrik Zeberg predicts a significant rally in stocks and crypto in the coming months, potentially lasting until the end of the year. Bullish Sentiment Zeberg believes investors will latch onto the following narratives to justify the rally: The “blow off top” is not over yet, indicating extreme gains in certain indices and crypto. Sentiment…
Mt. Gox Preparing for Distribution Mt. Gox, the Tokyo-based Bitcoin exchange, is set to release a huge chunk of Bitcoin (BTC) and Bitcoin Cash (BCH) into the market. This move is part of the ongoing process to compensate creditors who lost funds in the 2011 hack. The Kraken API interface shows that Mt. Gox is…
A Key Threshold to Watch Bitcoin analyst Titan of Crypto has identified $61,500 as a critical price level to monitor. This level is seen as a pivotal point that could determine Bitcoin’s future trajectory. Market Volatility Expected Titan warns of potential market volatility around Federal Reserve Chair Jerome Powell’s speech today. He advises holding off…
CPI Preview The Consumer Price Index (CPI) report, due out on May 15th, is expected to significantly impact Bitcoin’s price. Bitcoin has been sensitive to macroeconomic news lately, making this report particularly important. What to Expect Analysts predict a slight slowdown in inflation for April, with a year-over-year increase of 3.4% and a month-to-month increase…
The next two weeks are critical for the crypto industry as the US Congress considers several key legislative proposals that could shape the regulatory landscape for digital assets. Repeal of SAB 121 The Senate is expected to vote this week on repealing Staff Accounting Bulletin No. 121 (SAB 121), which requires financial institutions to list…
Wisconsin Invests $99M in BlackRock’s Bitcoin ETF Institutional investors and US states are showing increased interest in Bitcoin exchange-traded funds (ETFs) after the SEC’s approval in January. Wisconsin’s investment board has invested approximately $100 million in BlackRock’s iShares Bitcoin Trust ETF. Growing Interest from US States New Hampshire State Representative Keith Ammon has proposed diversifying…
