Bitcoin’s recent price jump above $109,000 has shown some serious strength. Interestingly, a lot of Bitcoin is leaving cryptocurrency exchanges. This isn’t necessarily a bad thing. A Massive Bitcoin Exodus Data from Alphractal, a cryptocurrency analytics platform, shows a huge amount of Bitcoin – 3.77 million BTC, worth a staggering $219 billion – has been…
Fortune 500 companies are embracing blockchain technology in a big way! Coinbase reports a whopping 67% year-over-year increase in blockchain projects used by these companies. This isn’t just experimentation anymore; blockchain is becoming core to their operations. Blockchain’s Corporate Applications The most popular uses? Payments (47%), supply chain management (44%), and on-chain infrastructure (40%). This…
A prominent fund manager is raising concerns about Cardano’s scalability. Justin Bons, CIO of Cyber Capital, isn’t convinced by Cardano’s promises of future improvements. He points to the network’s current limitations as a major red flag for investors. The 18 TPS Problem Bons publicly questioned Cardano’s current transaction processing capacity of roughly 18 transactions per…
Ethereum is seeing a surge in activity from large investors (whales), potentially signaling a big shift in the market. Whale Activity Explodes Over the past couple of days, Ethereum whales have dramatically increased their trading activity. According to IntoTheBlock, large transactions (those worth at least $100,000) jumped over 100% in just 24 hours! Transaction count:…
Crypto analyst Michaël van de Poppe believes a gold price correction could be a boon for altcoins. He’s closely watching gold, calling its price action the most important chart this week. Gold’s Potential Drop Van de Poppe sees a potential bearish pattern in gold’s six-hour chart, suggesting a possible drop to $3,200. He predicts a…
Five men have admitted guilt in a massive cryptocurrency scam that defrauded Americans out of $36.9 million. The Department of Justice (DOJ) announced the guilty pleas, detailing an elaborate scheme run by an international criminal network operating out of Cambodia. How the Scam Worked The group targeted Americans through various channels, including text messages, phone…
Chainlink co-founder Sergey Nazarov recently revealed that his project is in talks with almost every major financial institution in the US, Asia, and the Middle East. Global Expansion and Institutional Interest Nazarov shared in a YouTube video that Chainlink has been busy over the past year, engaging with top financial players across the globe. He…
A popular crypto analyst believes the Sui (SUI) cryptocurrency is poised for a huge price jump. They see a massive opportunity for investors. A Hack, But a Buying Opportunity? The analyst, known as Kaleo, points to a recent $223 million hack of the Cetus Protocol, a decentralized exchange (DEX) on the Sui network, as a…
Arthur Hayes, the BitMEX co-founder, believes the Bank of Japan (BOJ) meeting on June 16-17 could be a major turning point for both the stock market and crypto, especially Bitcoin. The BOJ’s Tightrope Walk The BOJ is currently engaged in quantitative tightening (QT), having reduced government bond purchases by ¥400 billion a quarter since August…
BlackRock thinks the recent explosion in popularity of Bitcoin ETFs is just the tip of the iceberg. They believe we’re still in the very early stages of institutional adoption. Record-Breaking Growth Robert Mitchnick, BlackRock’s Head of Digital Assets, pointed out the incredible success of the iShares Bitcoin Trust (IBIT). It hit $70 billion in assets…
