Binance CEO’s Statement Binance CEO Richard Teng has stated that the company is fully cooperating with Nigerian authorities in the ongoing $35 million money laundering case. Arrests and Charges Binance’s head of financial crime compliance, Tigran Gambaryan, and regional manager for Africa, Nadeem Anjarwalla, were arrested in Nigeria. Gambaryan faces money laundering charges, while Anjarwalla…
Floki Coin’s Breakout Potential Crypto analyst Inmortal predicts that Floki (FLOKI) could experience a significant rally on April 20th, known as “DOGE Day” to Dogecoin supporters. If Dogecoin (DOGE) surges, Inmortal believes FLOKI will follow suit. He suggests that a breakout will be confirmed if FLOKI flips the $0.00016 level into support. Bitcoin’s Market Bottom…
A crypto analyst known as Rekt Capital has warned that Bitcoin (BTC) is currently in a “danger zone” characterized by a significant market correction. Pre-Halving Retracements According to Rekt Capital, pre-halving corrections are common in Bitcoin’s history. He notes that these corrections typically occur before a period of bullish growth. Bottoming Out Rekt Capital believes…
A popular crypto analyst has shared his bullish views on a competitor to Solana (SOL) and provided updates on three other altcoins. Sei (SEI) The analyst, known as Altcoin Sherpa, believes Sei could be a “decent trade” as it sits at a crucial support level. According to his analysis, SEI is resting on the 0.618…
Hedge fund veteran Anthony Scaramucci predicts a significant increase in Bitcoin’s value over the next year. Adoption Driving Growth Scaramucci believes that Bitcoin’s growing adoption will continue to drive its price higher and reduce volatility. He compares Bitcoin to the early days of the internet, highlighting its potential for exponential growth. Price Target: $200,000 Scaramucci…
Bullish Outlook Ripple CEO Brad Garlinghouse recently shared his thoughts on the crypto market. He believes it could double in size by 2024, reaching $5 trillion. Factors Driving Growth Garlinghouse cites the approval of spot Bitcoin ETFs and the upcoming Bitcoin Halving as key drivers of this growth. He also emphasizes the increasing demand for…
Mining Pool Concentration Kadan Stadelmann, CTO of Komodo, has raised concerns about Bitcoin’s increasing centralization. He points out that two mining pools, Foundry USA and Antpool, control over 50% of Bitcoin’s hash rate. This concentration of power gives these pools significant influence over decision-making and potential censorship. Financial Institutions’ Involvement Stadelmann also highlights the growing…
Enhanced Performance and Accessibility Shibarium, the layer-2 blockchain from the creators of Shiba Inu (SHIB), has rolled out a major update that promises better performance and wider access. Multiple Wallet Support One key feature is support for multiple cryptocurrency wallets, including MetaMask, Coinbase Wallet, Rainbow, Trust Wallet, and Wallet Connect. This makes it easier for…
Supply Squeeze Bitcoin is like digital gold. To keep it scarce and valuable, the number of new Bitcoins released is cut in half every four years. This is called a “halving.” It’s like reducing the gold supply to make it more precious. Reward Reduction Miners who help verify Bitcoin transactions get paid in Bitcoins. On…
Crypto analyst Altcoin Sherpa warns that altcoins, such as Chainlink (LINK), may be entering a period of consolidation. Chainlink as an Example Sherpa points to Chainlink’s recent correction after a significant rally. He notes that many other altcoins have not experienced similar gains and are now also correcting. Sectors to Watch Despite the overall market…
