Crypto analyst Kevin Svenson believes Bitcoin (BTC) is gearing up for its final surge in a parabolic trend that could push prices close to $100,000. Base Four Breakout Svenson explains that Bitcoin is currently in “base four” and a breakout to a new high could trigger a rally towards $90,000. This would be a significant…
Tesla’s Financial Slowdown Tesla has hit a rough patch financially, with revenue dropping 15% and earnings plunging almost 50% in the first quarter of 2024. This is the first time the company has reported a negative cash flow since early 2020. Tesla’s Bitcoin Strategy Despite the financial challenges, Tesla has surprised everyone by holding onto…
The Rise of Memecoins A Dogecoin contributor, @Mishaboar, has issued a warning about the risks associated with investing in memecoins, especially those that are quickly listed on cryptocurrency exchanges. These coins often reach market capitalizations in the millions or billions of dollars within days of their release. Concerns Raised @Mishaboar expressed concerns that these rapid…
Grayscale Files S-3 Form Despite fading optimism for Ethereum spot ETFs, Grayscale Investments has filed an S-3 Registration Statement for its Ethereum Trust. This marks a significant step towards converting the trust into an ETF. SEC Approval Pending Grayscale’s Ethereum Trust is already registered with the SEC, allowing them to skip the S-1 form filing…
Economic Resilience in Challenging Times In countries like Argentina and Venezuela, Bitcoin has become a lifeline for citizens facing economic turmoil and strict regulations. The International Monetary Fund (IMF) has acknowledged the growing use of Bitcoin in these nations, as individuals leverage it to bypass capital controls and manage their finances. Understanding Bitcoin Transactions The…
Take a Break from the Screens Crypto enthusiasts, it’s time to step away from the screens and embrace the outdoors. While building the future of finance is important, so is our physical and mental health. Health Risks of the Crypto Lifestyle The crypto lifestyle can be unhealthy: late nights, energy drinks, and market stress can…
Floki (FLOKI) Crypto strategist Inmortal believes Floki (FLOKI) is poised for a surge. After recovering support at $0.00015, Inmortal predicts FLOKI could rise above $0.0002. Solana (SOL) Inmortal anticipates a period of consolidation for Solana (SOL) before a drop below $100 in late May. However, he believes SOL will then rally close to $200. Celestia…
Coinbase, the popular cryptocurrency exchange, has added a new altcoin called Karrat (KARRAT) to its platform. Experimental Asset Coinbase has labeled KARRAT as an “experimental asset,” indicating that it is new or has low trading volume. Karrat Protocol Karrat is an AI-focused altcoin project that aims to bring Web3 technology to entertainment, gaming, and AI….
The World Economic Forum (WEF) reports that over 98% of central banks worldwide are actively researching, experimenting with, or implementing central bank digital currencies (CBDCs). Wholesale CBDCs for Interbank Transactions The WEF highlights the potential of wholesale CBDCs (wCBDCs) to address challenges in interbank payments and securities transactions. WCBDCs, designed for large transactions between financial…
Background PayPal’s Blockchain Research Group (BRG) has teamed up with Energy Web and DMG Blockchain Solutions to promote sustainable Bitcoin mining. Bitcoin Mining’s Environmental Impact Bitcoin’s Proof-of-Work (PoW) consensus mechanism consumes significant electricity, leading to carbon emissions. BRG estimates that Bitcoin mining emits over 85 million metric tons of carbon dioxide annually. PayPal’s Proposed Solution…
