The idea of the US government holding a large amount of Bitcoin is gaining traction across the political spectrum. Senator Cynthia Lummis, a known crypto advocate, has proposed legislation to use federal funds to buy one million Bitcoin, making the US the world’s largest holder of the cryptocurrency. Not just Republicans: While the Republican party…
Bitcoin has been on a bit of a rollercoaster ride lately, dropping 10% last week. But it’s holding strong above a key support level, which could mean good things for the price. Whales Are Buying Big Analysts are watching closely to see if Bitcoin can bounce back. One thing that’s got everyone excited is that…
Vitalik Buterin, the mastermind behind Ethereum, has thrown his support behind Polymarket, a decentralized betting platform that’s been under fire for its war-related markets. Betting on Conflict Polymarket allows users to bet on the outcomes of real-world events, including geopolitical conflicts. This has sparked criticism, with some arguing that it trivializes serious situations. “It feels…
A popular crypto trader, known as The Flow Horse, has identified six altcoins that are currently leading the pack. He believes these coins are the fastest movers in the digital asset market right now. The Top Six Altcoins The Flow Horse, who is known for his accurate altcoin predictions, highlighted six coins in his Telegram…
A popular Bitcoin analyst is saying that the cryptocurrency is no longer looking bearish, thanks to some positive indicators. Key Indicators Point to a Shift The analyst, known as Checkmate, pointed to several key indicators that are flashing green: Active-Value-to-Investor-Value (AVIV) Ratio: This ratio, which measures the difference between the active capitalization and the realized…
Arthur Hayes, the founder of the popular crypto exchange BitMEX, thinks Ethereum is going to be tough to beat. He says Ethereum is the leader in terms of cool new applications and the number of developers working on it. Ethereum’s Got the Edge Hayes says Ethereum is the place where innovation starts. Other chains just…
The price of Bitcoin took a tumble recently, dropping to $60,164 after Iran launched missile attacks on Israel. This heightened geopolitical tension rattled global markets, including the crypto world. Bitcoin wasn’t immune, experiencing a 4% drop. A Temporary Dip or a Bigger Trend? While many analysts were predicting a strong bullish month for Bitcoin, this…
Bitcoin started October with a big slump, disappointing many investors who were expecting a continued price climb. After a strong run in September, Bitcoin took a dive in the first 24 hours of October, falling below $61,000. This drop was fueled by a combination of factors, including tensions in the Middle East and a wave…
Sony’s new Ethereum Layer-2 blockchain, Soneium, is getting a major upgrade with the help of Ava Protocol. This partnership aims to make blockchain technology easier to use for everyone, especially developers and creators. Simplifying Blockchain for Everyone Ava Protocol’s automation tools will handle the technical stuff behind the scenes, allowing developers and non-technical users to…
Bitwise Asset Management has officially filed to create an XRP exchange-traded fund (ETF) in the US. This is a big deal, especially since there have been a lot of rumors about XRP ETFs before, but nothing concrete. What’s the Deal with Bitwise’s Filing? Bitwise is a well-known cryptocurrency investment firm, so this isn’t just some…
