Bitcoin has been holding steady above $65,000 after a wild ride. But what’s going on behind the scenes? Big Players Are Loading Up Big investors, known as “whales,” are buying up Bitcoin. In the last two weeks, the number of wallets holding 100 or more Bitcoin has increased by almost 2%. This suggests that these…
Microsoft is facing a shareholder proposal to assess investing in Bitcoin. This has sparked debate about whether the tech giant will add Bitcoin to its treasury. Microsoft’s Stance: A “No” on Bitcoin Microsoft’s board of directors has recommended voting against the proposal. They argue that it’s unnecessary because they already consider cryptocurrencies as part of…
Bitcoin’s price is constantly fluctuating, and experts are trying to understand what’s driving these changes. Recent data suggests that Bitcoin is going through two distinct phases: accumulation and distribution. Understanding the Phases Accumulation is when big investors, known as “whales,” are buying up Bitcoin. This usually happens when they believe the price will go up…
A crypto expert thinks Bitcoin could jump by a whopping 164% this year, reaching prices between $127,000 and $180,000. He even thinks a win for Donald Trump in the upcoming US election could send Bitcoin even higher. Solana Steals the Show But the analyst believes Solana (SOL) might be the real star of the show….
The FDIC is warning customers of a recently closed Oklahoma bank that they could lose millions of dollars in uninsured deposits. Uninsured Deposits Could Be Lost The FDIC says over $7.1 million in deposits at First National Bank of Lindsay were uninsured, meaning they exceeded the FDIC’s $250,000 insurance limit. For now, customers can access…
A hacker has stolen $20 million worth of cryptocurrency from a wallet linked to the US government, according to blockchain analytics firm Arkham. The Heist The stolen crypto includes USDT, USDC, aUSDC, and ETH. The hacker is now selling these assets for ETH and moving them through a suspicious address associated with a money laundering…
A popular crypto analyst, known as Bluntz, is predicting big things for Popcat, a memecoin built on the Solana blockchain. Popcat’s Strength Amidst Market Correction Bluntz, who has over 286,000 followers on X (formerly Twitter), believes Popcat is poised for a major surge. He points to its resilience during a recent market downturn as a…
Denmark is thinking about a new tax rule that could make crypto investors pay taxes on their profits, even if they haven’t sold their coins. This would be a big change for crypto investors, as it would make their investments more similar to traditional investments like stocks or real estate. What’s the Plan? The Danish…
A Congressman Wants a New Leader for the SEC A US Congressman is calling for a new leader at the Securities and Exchange Commission (SEC) in 2025. He believes the current leader, Gary Gensler, hasn’t been doing a good job of regulating cryptocurrencies. New Leadership Needed The Congressman, who has been a strong supporter of…
Kraken, a big name in crypto trading, is getting ready to launch its own blockchain called Ink. It’s set to debut in early 2025. What’s Ink All About? Ink is designed to be a platform for decentralized applications (dApps). Think of it as a place where people can trade, borrow, and lend crypto without needing…
