Analyst Willy Woo warns that if the U.S. government seizes Bitcoin like it did gold in the Great Depression, retail investors could be in trouble. Whale vs. Retail: Who Controls Their Coins? Whales: Large Bitcoin holders who control their private keys, allowing them to sign transactions and prove ownership. Retailers: Everyday investors who typically store…
Hashrate Sets Record For the first time ever, Bitcoin miners need more than 1 exahash per second (EH/s) of computing power to mine just one Bitcoin (BTC). This is a new all-time high for the “Hashcoin” indicator, which tracks the daily hashrate required to produce 1 BTC. Constant Block Time Bitcoin’s blockchain ensures that the…
Ethereum’s Security Status The Securities and Exchange Commission (SEC) believes Ethereum (ETH) is an “unregistered security.” This view is based on the Howey Test, a legal framework that many crypto enthusiasts consider outdated. SEC’s Investigation In March 2023, the SEC launched an investigation into Ethereum’s status as a security. The investigation focused on individuals and…
Freezing Accounts and Transferring Funds New York Attorney General Letitia James has penalized Pathward Bank, a national bank, for illegally freezing customers’ accounts and transferring their funds to debt collectors. An investigation by the Office of the Attorney General (OAG) found that Pathward froze hundreds of accounts more than 1,400 times and transferred tens of…
Toncoin (TON) Crypto trader Loma is optimistic about Toncoin (TON), the native token of the Toncoin project. He plans to buy TON around $5 and add to his position if it reaches $6. Loma believes TON has the potential to perform well in the current market cycle. Binance Coin (BNB) Loma also sees Binance Coin…
Justin Sun, the founder of Tron (TRX), has been buying up Ethereum (ETH) worth hundreds of millions of dollars as the crypto market experiences a correction. Accumulating Ethereum According to blockchain-tracking service Lookonchain, Sun has acquired 176,117 ETH, valued at approximately $559.7 million, since April 8th. This represents an average purchase price of $3,170 per…
Analyst’s Perspective A leading analyst predicts that Bitcoin’s bull market will continue even if it experiences a correction to $52,000. DonAlt, with a large YouTube following, believes that a 30% dip from Bitcoin’s peak is not unexpected given its recent surge. DonAlt explains that a drop to $52,000 would not weaken Bitcoin’s long-term strength. He…
Crypto Restrictions Russian lawmakers are planning to restrict cryptocurrencies, with a vote expected in the coming weeks. The ban would target crypto exchanges and exchangers outside a special legal framework. Mining and Testing Allowed Crypto miners, mining pools, and projects approved by the Central Bank would still be allowed to operate under the experimental legal…
Zero Inflows for the First Time BlackRock’s Bitcoin ETF, iShares Bitcoin Trust (IBIT), has seen a surprising lack of interest from investors. For three days straight (April 24-27), there were zero inflows into the ETF. This is the longest period of zero inflows since its launch. Outflows from Other Bitcoin ETFs While IBIT saw no…
Stagflation Spooks Crypto Prices Bitcoin and other cryptocurrencies are taking a hit as investors worry about stagflation in the US. Stagflation is a nasty combo of high inflation and slow economic growth, which makes investors nervous. Bitcoin is down 1.5% to $62,559, while Ethereum (ETH) has dropped 3.30% to $3,187. This reflects concerns that stagflation…
