The Libra memecoin is in hot water, and it’s a big mess involving politics, fraud accusations, and a possible parallel project in Nigeria. The Argentina Connection At the center of the storm is Argentine President Javier Milei. He’s accused of promoting Libra, a memecoin supposedly designed to fund Argentina’s development. It quickly reached a $4.5…
Charles Hoskinson, the founder of Cardano (ADA), recently outlined a plan to make the Cardano blockchain resistant to attacks from future quantum computers. This is a big deal because powerful quantum computers could break current encryption methods. The Quantum Computing Threat Hoskinson highlighted the rapid advancements in quantum computing, predicting significant progress within the next…
Bitcoin’s price is stuck in a holding pattern, bouncing between $94,000 and $100,000. While the long-term outlook is still positive (Bitcoin is above key support levels), the short-term picture is unclear. Everyone’s wondering: what’s next? A huge price jump? Or a significant drop? Retail Investors Are Hesitant New data shows that smaller Bitcoin investors aren’t…
Three major world powers – China, Japan, and the UK – significantly reduced their holdings of US Treasury bonds in December. The combined decrease totaled a whopping $81 billion. A Trillion-Dollar Sell-Off China: Shed $9.6 billion, leaving them with $759 billion – their lowest level since 2009. Japan: Sold off a massive $27.3 billion, still…
Big-name investment firm Franklin Templeton has jumped into the crypto ETF game with a new fund that invests in both Bitcoin (BTC) and Ethereum (ETH). This is their third crypto ETF, following separate Bitcoin and Ethereum ETFs launched last year. A Blend of Crypto Giants The new fund, called the Franklin Crypto Index ETF (EZPZ),…
A popular crypto analyst, Altcoin Sherpa, is making some bold predictions about the crypto market. He’s particularly bullish on a few altcoins, while offering a cautious outlook on Bitcoin. Sonic Boom: A 140% Gain and More to Come? Sherpa is extremely positive about Sonic (S), a layer-1 blockchain, which has seen a massive 140% price…
Crypto trader Michaël van de Poppe is making some bold predictions about the crypto market. He’s particularly bullish on one AI-focused altcoin, Bitcoin, and Ethereum. Bittensor (TAO) to the Moon? Van de Poppe, who boasts a large following on X (formerly Twitter), believes the Bittensor (TAO) token is poised for a massive rally. He’s predicting…
Bybit, a major crypto exchange, recently suffered a massive hack, resulting in the theft of around $1.4 billion worth of cryptocurrency. This incident sent ripples through the crypto market, particularly impacting the price of Ethereum (ETH). The Heist The hack involved a sophisticated attack on Bybit’s ETH cold wallet. Attackers cleverly manipulated a transaction from…
Coinbase is urging the US Congress to create clear rules for the crypto industry. They say the current lack of regulation is hurting innovation and investors. Six Key Priorities for Crypto Regulation Coinbase’s Chief Policy Officer, Faryar Shirzad, outlined six main things Congress should focus on: Clear Definitions: Congress needs to define what exactly counts…
Bitcoin’s price is hanging in the balance, and a key price level could determine whether it continues its upward trajectory or takes a tumble. The Crucial $92,500 Mark According to recent analysis, Bitcoin (BTC) needs to stay above its short-term holder (STH) cost basis—around $92,500—to avoid a potential crash. This price level has historically acted…
