The crypto world just got a little bit clearer. A recent court ruling in Illinois has officially declared Bitcoin (BTC) and Ethereum (ETH) as commodities, a major win for the crypto industry. Court Confirms Commodity Status This decision aligns with the stance of the US Commodities Futures Trading Commission (CFTC), led by Chairman Rostin Behnam….
The Philippine Department of Justice (DOJ) has charged two former consultants of Coins.ph, a popular cryptocurrency exchange, with a massive crypto heist. Inside Job: Former Consultants Exploited Their Knowledge Vladimir Avdeev and Sergey Yaschuck, both Russian nationals, are accused of using their insider knowledge to steal 12.2 million XRP, worth around $7 million. They allegedly…
The German government has been selling off its Bitcoin stash, which has been putting downward pressure on the price of Bitcoin. How Much Bitcoin Does Germany Hold? According to blockchain analytics firm Arkham Intelligence, Germany still holds around 24,000 Bitcoin, worth about $1.42 billion. They’ve been transferring Bitcoin to exchanges and market makers, including over…
No Need to Panic Economist Alex Krüger isn’t worried about the recent Bitcoin (BTC) sell-offs from Mt. Gox and the German government. He believes the market can handle it all. German Government Dumping Bitcoin Last month, the German government seized 50,000 BTC from Movie2k.to, a now-defunct illegal streaming site. They’ve been selling off some of…
A popular crypto analyst thinks Ethereum (ETH) is about to hit rock bottom and then skyrocket. Ethereum’s Dip is Just a Correction The analyst, who goes by the name Bluntz, uses something called the Elliott Wave theory to predict market movements. He says Ethereum is in a correction phase right now, but it’s about to…
Bitcoin (BTC) might be on the verge of a significant price surge, according to a prominent analytics firm, Santiment. Oversold Market: Santiment is keeping a close eye on Bitcoin’s Market Value to Realized Value (MVRV), a metric that helps determine if the market is oversold. When the MVRV drops below zero, it suggests that many…
Anthony Scaramucci, the founder of SkyBridge Capital, is bullish on Bitcoin. He believes the cryptocurrency could reach a whopping $100,000 by the end of the year. Why Scaramucci is Bullish Scaramucci sees the recent dip in Bitcoin’s price as a temporary setback. He points to a few factors that could drive Bitcoin back up: The…
Cathie Wood, CEO of Ark Invest, is still bullish on Bitcoin, despite recent price dips. She believes the current bull market is only halfway through, and the price of Bitcoin could go parabolic in the future. Why is Wood so confident? Wood points to several factors that could drive Bitcoin’s price higher: Institutional adoption: The…
Cardano, the popular blockchain platform, is making a big push into the gaming world with the release of Chronoshot, a sci-fi shooter game. Chronoshot: Time is of the Essence Chronoshot is a unique game where time only moves when the player does. This means you have to carefully plan your shots and movements, making for…
Bitcoin miners are a crucial part of the Bitcoin network, and their actions can provide insights into the future of the market. Ki Young Ju, founder of the analytics platform Cryptoquant, has been closely watching miner behavior and believes they are currently in a capitulation trend. What is Miner Capitulation? Capitulation is when miners surrender…
