Janet Yellen Addresses Crypto Risks to Congress US Treasury Secretary Janet Yellen is scheduled to address Congress today, focusing on the potential risks the crypto industry poses to the financial system. Yellen’s Prepared Remarks Yellen will emphasize the need for legislative action, specifically regarding the regulation of stablecoins and the spot market that are not…
Analyst Predicts Altcoins to Double in Value Crypto analyst Michaël van de Poppe believes altcoins are poised for a significant rally in the coming months. He analyzed the TOTAL3 chart, which tracks the total market cap of all cryptocurrencies excluding Bitcoin and Ethereum, and identified a bullish higher low setup at around $450 billion. Van…
Hanoi, Vietnam (February 5, 2024) – Heroes of Mavia, the highly anticipated mobile strategy game, has taken the gaming world by storm, surpassing 1 million downloads on Android and iOS. This remarkable milestone reflects the game’s widespread appeal, combining captivating gameplay with innovative Web 3.0 elements. Global Dominance: Heroes of Mavia’s global success is evident…
CoinShares Report CoinShares, a digital assets manager, reports that institutional investors are pouring money into crypto exchange-traded products (ETPs). This surge in investment comes just weeks after the U.S. Securities and Exchange Commission (SEC) approved spot BTC exchange-traded funds (ETFs). Crypto Investment Products See Massive Inflows CoinShares’ latest Digital Asset Fund Flows report reveals that…
Key Factors Influencing Bitcoin’s Next Move Bitcoin’s recent price action has been marked by indecision, with the cryptocurrency trading sideways. Crypto analyst Eric Krown Crypto has identified key factors that will determine Bitcoin’s next move. Potential Correction Krown’s analysis using the Stochastic indicator suggests that Bitcoin is due for a correction. He believes a drop…
Key Points: Insiders of a Solana-based memecoin, dogwifhat (WIF), made a staggering profit of $1.77 million from an initial investment of just $3,694. The insiders bought WIF at the time of its launch and sold it on the decentralized exchange Uniswap for a significant profit. The price of WIF surged after its launch, allowing the…
Charles Edwards, founder of Capriole Investments, predicts that Bitcoin’s price could skyrocket to $280,000 in the coming year. He bases this prediction on several factors, including: Historical data: Bitcoin’s price has historically increased significantly after halving events. In 2012, the price peaked at $1132, an 8,996% increase over 11 months. In 2016, the price reached…
Bitcoin, the leading cryptocurrency, is currently in a holding pattern, with prices hovering between $41,000 and $45,500. However, on-chain data reveals that large holders, known as whales, have been actively accumulating Bitcoin, pushing the total number of whale wallets to its highest level in 15 months. Large Holders Accumulating Bitcoin Whale wallets, holding between 1,000-10,000…
Oobit’s Mobile Payment App: Making Crypto Payments Easier Tether, the issuer of the stablecoin USDT, recently announced a $25 million investment in Oobit, a mobile payment app that allows users to “Tap & Pay” with cryptocurrencies at over 100 million retailers worldwide. This integration aims to make it easier for merchants to accept digital assets…
Expanding Control Over Digital Assets The Spanish Ministry of Finance is implementing a new tax reform to monitor and control the cryptocurrencies and digital assets sector. The reform targets Article 162 of the General Tax Law, allowing the Spanish Tax Agency to identify and seize digital assets, including cryptocurrencies and NFTs, to settle tax debts….
