Sam Bankman-Fried (SBF), the disgraced founder of the collapsed FTX crypto exchange, has spoken out from prison, expressing remorse for his actions and advocating for full compensation for his victims. Victims Deserve Full Payment In his first week of a 25-year prison sentence, SBF stated that victims “deserve to be paid in full, at current…
A seasoned trader known as The Flow Horse has raised concerns about Ethereum’s (ETH) dominance as the leading smart contract platform. Ethereum’s Dominance Not Guaranteed The Flow Horse compares Ethereum to Compaq Computer Corporation, once the industry leader but eventually acquired by HP. He believes that Ethereum’s current prominence does not guarantee its permanent dominance….
Rising Awareness of Inflation Anthony Pompliano, founder of Pomp Investments, believes that increasing awareness of inflation is driving more Americans towards Bitcoin (BTC). He points to BTC’s seven consecutive months of growth as evidence of this trend. Inflation Concerns Pompliano suggests that the Federal Reserve’s potential shift towards a looser monetary policy could lead to…
Binance, the world’s largest cryptocurrency exchange, has appointed a board of directors for the first time. This move follows last year’s guilty plea to US charges related to anti-money laundering and sanctions violations. Board Members The seven-member board includes: Gabriel Abed (Chairman) Richard Teng (Binance CEO) Heina Chen Jinkai He Lilai Wang Arnaud Ventura (Gojo…
Maturation of Thailand’s Crypto Market Thailand’s leading crypto exchange, Bitkub, is planning to go public by 2025. CEO Jirayut Srupsrisopa announced the intention to list on the Stock Exchange of Thailand. This move aims to boost Bitkub’s profile and raise capital for future growth. Competitive Landscape and Regulatory Environment Bitkub faces competition from players like…
April promises to be a pivotal month for the crypto market, with a series of events set to impact the digital asset landscape. Halvings and Regulatory Deadlines Bitcoin Cash Halving (April 2) Similar to Bitcoin, Bitcoin Cash undergoes a halving event approximately every four years, reducing mining profits. US Consumer Price Index (April 10) This…
$1.2 Billion Leaves the Platform Large Bitcoin Withdrawal from Coinbase Bitcoin has experienced its second significant outflow from Coinbase in just a week, with approximately $1.2 billion worth of BTC leaving the platform. Exchange Outflow Indicator The “exchange outflow” indicator measures the amount of Bitcoin being transferred out of centralized exchanges. A high value indicates…
Crypto analyst Benjamin Cowen is sounding the alarm on Ethereum, predicting it could suffer a major correction similar to the one it experienced in mid-2019. Parallels to 2019 Cowen points out that the current market conditions for Ethereum are eerily similar to those of 2019. Back then, a cut in interest rates by the Federal…
Economist Alex Krüger is predicting new all-time highs for Bitcoin (BTC) and a significant surge for the altcoin Core (CORE). Bitcoin’s Bullish Outlook Krüger believes Bitcoin’s daily market structure is bullish, suggesting a new all-time high is imminent. Core’s Potential Krüger is particularly bullish on CORE, a layer-one blockchain with a hybrid consensus mechanism. He…
Crypto analyst Ali Martinez reports that the crypto market has witnessed an unprecedented surge in capital inflow, reaching a staggering $110 billion in just the past 30 days. Whale Activity Martinez highlights significant whale activity, with large investors accumulating massive amounts of Dogecoin (DOGE) over the past two weeks, totaling around $280 million. Bitcoin Technical…
