False Crypto Advice Company Exposed The UK government has closed down a crypto advisory firm called Amey Finance Academy Ltd. for misleading investors and losing their money. Scheme-Promoting Director Desmond Amey, the sole director of the company, claimed to be a “wealth creation expert” and promised investors that their crypto investments were “solid.” However, investors…
Expert Predictions Raoul Pal, a renowned financial expert, predicts a surge in the crypto market, with a potential rise in market capitalization to a staggering $100 trillion. His analysis is based on global liquidity trends and rapid technological adoption. Global Liquidity and Fiat Currency Depreciation Pal believes that the global liquidity cycle has fueled asset…
Options Market Sentiment Traders are betting big on Ethereum (ETH) reaching new heights in June. Options data shows a surge in interest in higher strike prices, with a focus on levels above $3,600. This indicates a bullish outlook for Ethereum’s short-term trajectory. Call Options Dominate Options contracts give traders the option to buy (calls) or…
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…
