Binance, the world’s largest cryptocurrency exchange, has appointed a board of directors for the first time. This move follows last year’s guilty plea to US charges related to anti-money laundering and sanctions violations. Board Members The seven-member board includes: Gabriel Abed (Chairman) Richard Teng (Binance CEO) Heina Chen Jinkai He Lilai Wang Arnaud Ventura (Gojo…
Maturation of Thailand’s Crypto Market Thailand’s leading crypto exchange, Bitkub, is planning to go public by 2025. CEO Jirayut Srupsrisopa announced the intention to list on the Stock Exchange of Thailand. This move aims to boost Bitkub’s profile and raise capital for future growth. Competitive Landscape and Regulatory Environment Bitkub faces competition from players like…
April promises to be a pivotal month for the crypto market, with a series of events set to impact the digital asset landscape. Halvings and Regulatory Deadlines Bitcoin Cash Halving (April 2) Similar to Bitcoin, Bitcoin Cash undergoes a halving event approximately every four years, reducing mining profits. US Consumer Price Index (April 10) This…
$1.2 Billion Leaves the Platform Large Bitcoin Withdrawal from Coinbase Bitcoin has experienced its second significant outflow from Coinbase in just a week, with approximately $1.2 billion worth of BTC leaving the platform. Exchange Outflow Indicator The “exchange outflow” indicator measures the amount of Bitcoin being transferred out of centralized exchanges. A high value indicates…
Crypto analyst Benjamin Cowen is sounding the alarm on Ethereum, predicting it could suffer a major correction similar to the one it experienced in mid-2019. Parallels to 2019 Cowen points out that the current market conditions for Ethereum are eerily similar to those of 2019. Back then, a cut in interest rates by the Federal…
Economist Alex Krüger is predicting new all-time highs for Bitcoin (BTC) and a significant surge for the altcoin Core (CORE). Bitcoin’s Bullish Outlook Krüger believes Bitcoin’s daily market structure is bullish, suggesting a new all-time high is imminent. Core’s Potential Krüger is particularly bullish on CORE, a layer-one blockchain with a hybrid consensus mechanism. He…
Crypto analyst Ali Martinez reports that the crypto market has witnessed an unprecedented surge in capital inflow, reaching a staggering $110 billion in just the past 30 days. Whale Activity Martinez highlights significant whale activity, with large investors accumulating massive amounts of Dogecoin (DOGE) over the past two weeks, totaling around $280 million. Bitcoin Technical…
Bitcoin had a rough start to the week with a sudden drop that sent its price below $69,000. While it’s recovered a bit since then, the damage is done. Thousands of Traders Liquidated The crash triggered a wave of liquidations, where traders lost their leveraged positions. Over 81,000 traders were flushed out, losing a whopping…
Bitwise CIO Matt Hougan claims that investors with a collective wealth of $100 trillion are beginning to invest in Bitcoin and cryptocurrencies. Bitcoin Bull Market According to Hougan, Bitcoin is experiencing a “raging” bull market, and the recent launch of spot Bitcoin ETFs has made it accessible to institutional investors. Inflows Surge The Bitcoin ETFs…
Breakout Process Analyst Rekt Capital believes Bitcoin has broken out of a weekly range that could lead to a surge. This range was defined by the 2021 candle peak and the 2021 upside wick. The first step in the breakout process was for Bitcoin to close above the range high of $69,200. This has occurred,…
