Foundry, the world’s biggest Bitcoin mining pool, recently laid off about 60% of its employees – that’s a huge cut from over 250 people down to around 80-90. This affects both US and international staff. Why the Layoffs? According to sources, this is a “strategic move” to focus on Foundry’s most profitable areas. The goal…
Raoul Pal, a former Goldman Sachs executive, is predicting big things for Dogecoin (DOGE). He’s noticed a bullish chart pattern that he believes could lead to gains similar to those recently seen in XRP. Dogecoin’s Bullish Wedge Pal, who boasts over 1 million followers on X (formerly Twitter), points to a “wedge pattern” on DOGE’s…
Alexander Mashinsky, the ex-CEO of the now-defunct crypto lender Celsius, admitted to fraud. He faces up to 30 years in prison. The Charges The Department of Justice (DOJ) originally hit him with seven charges, but he pleaded guilty to two: commodities fraud and securities fraud. This involved two main schemes. Scheme 1: Lying to Customers…
France is getting ready to shake things up with a new tax on cryptocurrency in 2025. This isn’t just any tax; it’s part of a broader plan to replace the existing wealth tax with one targeting “unproductive assets.” Targeting “Unproductive” Assets Think of it as a tax on things that aren’t generating income, like luxury…
An economist suggests a wild scenario: former President Trump’s Bitcoin plans could dramatically increase Bitcoin’s value, similar to the oil price surge in the 1970s. Bitcoin: The New Oil? Macroeconomic analyst Luke Gromen thinks Trump’s talk about accumulating a massive Bitcoin stockpile isn’t just political posturing. He points to Trump’s statement calling Bitcoin “the new…
A popular crypto analyst, known as Rekt Capital, is predicting good things for several cryptocurrencies. Their analysis, shared with over 500,000 followers on X, focuses on Avalanche (AVAX), Polkadot (DOT), and Dogecoin (DOGE). Avalanche (AVAX) Looks Strong Rekt Capital highlights Avalanche’s strong performance in November, noting a significant monthly close above $38.57. They believe any…
XRP’s recent price spike has led to some big changes on the XRP Ledger (XRPL). Developers are making the blockchain more user-friendly, aiming to attract more people. Lower Fees and Reserves XRPL Labs recently adjusted its validator settings to significantly reduce fees and reserve requirements. This means it’s now cheaper and easier to create accounts…
CryptoQuant’s CEO, Ki Young Ju, says altcoins can no longer count on Bitcoin’s success to boost their prices. He explains that a big shift is happening in how Bitcoin is being bought. Bitcoin’s New Investors: A Game Changer for Altcoins The current Bitcoin rally, according to Ju, is mainly driven by institutional investors and Bitcoin…
Arthur Hayes, the founder of BitMEX, a cryptocurrency exchange, thinks Bitcoin (BTC) could skyrocket to a million dollars within the next five years. He bases this prediction on the continued global trend of governments printing money. Money Printing Fuels Bitcoin’s Potential Hayes argues that most governments are struggling financially. They can’t cut spending or raise…
Cardano just blew past a major milestone: it processed over 134,000 transactions per second (TPS)! That’s seriously impressive. Charles Hoskinson’s Reaction Cardano’s CEO, Charles Hoskinson, was understandably excited, tweeting “Not bad Cardano. #HailHydra” along with a screenshot showing the impressive 134,464 TPS. The Secret? Hydra Doom! When someone asked if this happened on a testnet,…
