Thomas Jordan, chairman of the Swiss National Bank (SNB), has expressed skepticism about holding Bitcoin as a reserve currency. Concerns over Liquidity and Stability Jordan explained that reserve currencies should be highly liquid and stable, allowing for easy buying and selling. He believes Bitcoin may not meet these criteria due to its volatility and limited…
Date Announced The Shiba Inu team has announced that the Shibarium network hard fork will take place on Thursday, May 2. What is a Hard Fork? A hard fork is a major update to a blockchain network that creates a new version with improved features. Why the Hard Fork? The Shiba Inu team is committed…
Franklin Templeton’s ETF Appears on DTCC List Franklin Templeton’s proposed Ethereum Spot ETF has popped up on the Depository Trust and Clearing Corporation (DTCC) website. This could hint at a potential approval by the Securities and Exchange Commission (SEC). SEC’s Stance on Ethereum ETFs The SEC has been considering Ethereum Spot ETFs since the approval…
Price Action on the 4-Hour Chart ADA has plummeted over 30% from its peak of $0.8107. It’s currently trading around $0.4604, down 0.65% in the past 24 hours. The price has failed to cross above the trendline, pushing it further down. It’s also trading below the 100-day moving average, indicating a sustained decline. The RSI…
User Privacy in Bitcoin Samson Mow, CEO of Jan3, recently discussed the importance of user privacy in Bitcoin. He highlighted Satoshi Nakamoto’s original vision for a system that doesn’t rely on trusted third parties like banks. Bitcoin uses anonymous private keys to protect user identities while keeping transactions publicly recorded on the blockchain. Balancing Transparency…
JPMorgan Chase and Bank of America The two largest banks in the US, JPMorgan Chase and Bank of America, have reported significant losses due to unpaid debt. JPMorgan Chase Net charge-offs (unrecoverable debt) reached $2 billion in the first quarter of 2023. This is double the amount of unpaid debt compared to the same period…
A prominent crypto analyst, Benjamin Cowen, warns that altcoins are about to experience a sharp decline against Bitcoin (BTC). Altcoins Losing Ground Cowen’s analysis of the TOTAL3 chart, which tracks the market capitalization of all altcoins excluding Ethereum (ETH) and stablecoins, shows a bearish trend against Bitcoin. This suggests that altcoins may face a significant…
A crypto analyst, Altcoin Sherpa, predicts a significant rally for Solana (SOL) later this year. He believes SOL could reach $500 or more, a potential increase of 267% from its current price. Key Fibonacci Levels for SOL Altcoin Sherpa identifies key Fibonacci levels at $138 and $116 as potential areas for a retest. At the…
Cryptocurrency analyst Bluntz has identified NEAR Protocol (NEAR) as a standout performer in the current market. NEAR’s Market Dominance Bluntz believes NEAR has outperformed its competitors and is poised to make significant gains. He notes that the altcoin has continued to reach new highs while others have stalled. Target Price and Elliott Wave Analysis Based…
Legalizing Crypto Mining Russia is considering a bill to legalize and regulate crypto mining. The bill aims to encourage the industry while minimizing risks. Tiered Approach The bill proposes a licensing system for miners. Large-scale operations will require licenses, while individuals with low energy consumption can mine without one. Balancing Innovation and Security The bill…
