Why Ethereum ETFs Are Good for Bitcoin Michael Saylor, the co-founder of MicroStrategy, believes that the approval of Ethereum Spot ETFs is a positive development for Bitcoin. He explains that these ETFs: Enhance Bitcoin’s political power by providing a “line of defense” with Ethereum’s large user base. Increase institutional adoption by diversifying investors’ interest in…
Argentina’s Interest in El Salvador’s Bitcoin Journey Argentina’s National Securities Commission (CNV) recently met with El Salvador’s National Commission of Digital Assets (CNAD) to discuss Bitcoin adoption and regulation. Argentina is exploring the possibility of following in El Salvador’s footsteps as the first country to make Bitcoin legal tender. El Salvador’s Experience with Bitcoin El…
Rise of the Crypto Wallet Phantom Wallet, a cryptocurrency wallet for the Solana blockchain, has seen a meteoric rise in popularity, surpassing social media giant Facebook in the Google Play Store’s US rankings. Multi-Crypto Powerhouse Initially designed for Solana token holders, Phantom Wallet has expanded its reach to support major cryptocurrencies like Bitcoin, Ethereum, and…
Coinbase Listing Roadmap Coinbase, the largest cryptocurrency exchange in the US, has added Core (CORE) to its listing roadmap. This means that CORE may be listed for trading on the exchange in the future. What is Core? Core is a platform designed to complement Bitcoin’s scalability. It features a consensus mechanism called Satoshi Plus, non-custodial…
The US government has paid a staggering $514 billion in interest on its national debt in just seven months, according to a report by the Committee for a Responsible Federal Budget (CRFB). Exceeding Defense and Medicare This massive interest payment surpasses the combined spending on national defense and Medicare. It also exceeds the total amount…
Account Locked Without Explanation A 92-year-old man named Frank Pfluger faced an eight-month ordeal after Wells Fargo abruptly froze his bank account following the loss of his wife. Frank attempted to withdraw funds from the joint account but was met with an “Insufficient Funds” message. Legal Confusion Frank questioned the bank’s actions, as joint accounts…
A popular crypto trader believes that a rising memecoin called Pepe (PEPE) is poised for a massive surge, potentially dethroning Shiba Inu (SHIB) as the 13th-largest cryptocurrency by market capitalization. Pepe’s Rapid Rise Last week, analyst Hsaka predicted that PEPE would soar in value. Since then, the Ethereum-based memecoin has rallied by an impressive 71%….
New data reveals that hedge funds are betting against Bitcoin (BTC) and Ethereum (ETH) on the Chicago Mercantile Exchange (CME). Not Necessarily Bearish However, this doesn’t mean they’re pessimistic about crypto. Instead, they’re likely engaging in a strategy called “basis trading.” Basis Trading Explained Basis trading involves exploiting price differences between two similar assets, in…
A renowned trader, Bluntz, predicts a significant surge in Ethereum (ETH) compared to Bitcoin (BTC). He also identifies a memecoin, Pepe (PEPE), as a potential breakout candidate. Ethereum’s Bullish Divergence Bluntz analyzed the ETH/BTC chart and observed a bullish divergence forming. This pattern suggests that ETH is poised to outperform BTC. The trader predicts a…
Analyst TechDev believes the altcoin market is on the verge of a significant surge, similar to the rallies witnessed in 2016 and 2021. Bullish Patterns Emerge TechDev has been tracking the OTHERS chart, which excludes the top 10 digital assets and stablecoins. He notes that OTHERS has formed a “textbook” bullish pattern, breaking out from…
