Cramer’s Bold Claim CNBC’s Jim Cramer has made waves by saying that Bitcoin is a better investment than MicroStrategy stock. Despite MicroStrategy’s impressive 85% gain this year, Cramer thinks Bitcoin’s 125% rise is more promising. MicroStrategy’s Bitcoin Love MicroStrategy remains a strong supporter of Bitcoin. CEO Michael Saylor is a huge fan and has personally…
Miners Feeling the Pinch Bitcoin has been hovering above $60,000, but miners’ recent actions could shake things up. The halving, which reduced the block reward by half, has put miners in a tight spot. Revenue Drop and Increased Pressure Miners rely on rewards and transaction fees for income. The halving has slashed their revenue, and…
SEC Classification Conundrum The Securities and Exchange Commission (SEC) views Ethereum (ETH) as a security, not a commodity. This distinction is crucial because commodity ETFs are easier to approve than security ETFs. Slim Chances of Approval Bloomberg analysts believe the SEC’s recent inquiries about whether Ethereum ETF proposals qualify as commodities indicate that the SEC…
Background: Vitalik Buterin’s SHIB Burn In 2021, Ethereum co-founder Vitalik Buterin burned 410 trillion SHIB tokens, sparking a surge in the token’s value. This act was seen as a sign of his belief in the project and a gesture of decentralization. K9 Finance’s Burn Inspired by Buterin’s burn, K9 Finance, a liquid staking platform for…
In-Game Purchases: A Lucrative Market In-game purchases, such as skins and virtual currencies, have become a multi-billion dollar industry. However, these purchases are often limited to specific game ecosystems and are not tradable or monetizable by players. On-Chain Purchases: A Solution Web 3.0 and blockchain technology offer a solution to this problem. By storing in-game…
A prominent crypto strategist, Ali Martinez, is predicting a massive rally for VeChain (VET), a blockchain project focused on supply chain management. VeChain (VET) Martinez believes VET could surge by over 1,660% by the end of 2024, reaching a potential high of $0.60. This prediction is based on the altcoin’s historical price action, which Martinez…
The State of Wisconsin has invested nearly $163 million in two major Bitcoin exchange-traded funds (ETFs): BlackRock’s iShares Bitcoin Trust (IBIT) and Grayscale’s Bitcoin Trust (GBTC). Investment Details The investment was made before March 15, 2024, the deadline for institutional investors to disclose their first-quarter holdings. The State of Wisconsin Investment Board, which manages investments…
A well-known crypto analyst, Credible Crypto, believes Bitcoin (BTC) is about to make a significant jump. He expects BTC to reach $68,000 within days. Bitcoin’s Bounce Credible Crypto believes Bitcoin will dip below $60,000 before bouncing back strongly towards $68,000. Bitcoin is currently trading at $62,613. XRP’s Potential Credible Crypto also predicts that XRP, a…
El Salvador has added 5,750 Bitcoin (BTC) to its treasury, bringing the total value to about $353 million. Bitcoin Adoption and Criticism In 2021, El Salvador became the first country to make Bitcoin legal tender. However, this move has been met with criticism from organizations like the International Monetary Fund (IMF), who worry about financial…
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…
