Burniske Predicts a Crypto Correction Venture capitalist Chris Burniske is predicting a shakeup in the crypto market. He believes the market is entering a period of increasing hype, and a significant correction is likely. While he doesn’t expect this correction to end the bull market, he cautions that it will likely scare off less experienced…
A popular crypto analyst, known as Dave the Wave, predicts a significant Bitcoin (BTC) price surge before Christmas. This prediction comes from a positive technical analysis of the market. A Pre-Christmas Bitcoin Rally? Dave the Wave, who boasts a large following on X (formerly Twitter), points to an ascending price channel for BTC. This suggests…
Ethereum’s price has been a bit sluggish lately, but there’s reason for optimism. After a slow start to the week, it’s back above $4,000 – the first time since March. While it’s struggling to stay there, one analyst thinks a new all-time high is on the horizon. Is $4,878 (and Beyond) in Ethereum’s Future? Crypto…
The US government is getting serious about stablecoins. A recent report from the Financial Services Oversight Council (FSOC) highlights significant risks these digital currencies pose to the financial system. Why the Worry About Stablecoins? Stablecoins, designed to maintain a steady price, aren’t as risk-free as they seem. The FSOC report points to a lack of…
Dogecoin is on the rise, approaching the $0.4484 resistance level. This steady climb shows buyers are in charge, pushing DOGE towards new highs. Will this continue, or is it just a temporary surge? Strong Bullish Signals The 4-hour chart shows DOGE trading above its 100-day Simple Moving Average (SMA). This is a good sign, suggesting…
Bitcoin’s recent price surge above $100,000 is breathing new life into the crypto lending world, especially in the decentralized finance (DeFi) space. This renewed interest suggests a potential revival for this crucial part of the crypto market. Bitcoin’s Funding Frenzy Bloomberg data shows a massive jump in Bitcoin’s funding rate – the extra cost traders…
Two lesser-known cryptocurrencies, Across (ACX) and Orca (ORCA), saw massive price jumps after being listed on Binance, the world’s leading cryptocurrency exchange. A Huge Price Surge The listing on Friday, July 28th, sent both tokens skyrocketing. ACX climbed nearly 88%, while ORCA jumped almost 80%. According to CoinGecko, these were the biggest gains among the…
South Africa has officially shot down rumors of a new BRICS currency aimed at challenging the US dollar. The country’s Department of International Relations and Cooperation (DIRCO) stated clearly that such reports are inaccurate. No New BRICS Currency, Just National Currencies DIRCO clarified that BRICS discussions focus on using member nations’ own currencies for trade,…
Coinbase’s digging into government records is uncovering a pattern of the FDIC asking banks to halt crypto services. This isn’t just speculation, according to Coinbase’s chief legal officer, Paul Grewal. More Than Just a Conspiracy? Grewal, posting on X (formerly Twitter), says newly released documents confirm what many in the crypto industry suspected: a coordinated…
Donald Trump announced that David Sacks, a prominent Silicon Valley investor, will be his advisor on artificial intelligence (AI) and cryptocurrency. This new role will see Sacks shaping administration policy in these two key areas. Sacks’s Role and Focus Trump highlighted the importance of AI and crypto for America’s future competitiveness. He stated that Sacks’s…
