Despite Monday’s correction, crypto analyst TechDev believes a key Bitcoin indicator is signaling a potential parabolic rally. Gaussian Channel TechDev observed that the two-week Gaussian channel, which identifies price trends, flipped green. This has only happened once before in Bitcoin’s history, preceding a significant rally. Chaikin Money Flow The Chaikin Money Flow (CMF) metric, which…
Former President Donald Trump has raised concerns that the United States is losing its global influence as countries increasingly move away from using the dollar. De-Dollarization Threatens US Power In a recent interview, Trump argued that tariffs give the US an advantage over other nations. However, he warned that the growing trend of de-dollarization, or…
A renowned Bitcoin trader believes the recent price drop is beneficial for the cryptocurrency’s long-term uptrend. Consolidation and Renewed Strength According to Dave the Wave, Bitcoin’s move below $60,000 has halted the possibility of a parabolic surge. He suggests that further consolidation will provide a solid foundation for a stronger surge later this year. “It’s…
Whale Sell-Offs Recent data suggests that Shiba Inu (SHIB) whales have been selling off their holdings in droves. The number of large transactions (over $100,000) has surged by 400% in the past day. Downward Trend This whale activity has contributed to a sharp decline in SHIB’s price, causing it to fall below the critical resistance…
Compromised Email System The Ethereum Foundation has confirmed that its official email system, managed by SendPulse, has been hacked. They include malicious links that could lead to data theft or malware installation. Foundation’s Response The Ethereum Foundation has locked down external access to the compromised account and is investigating the breach with SendPulse. The attackers…
A deepfake video of Elon Musk has been running wild on YouTube, tricking thousands of cryptocurrency investors. The Scam The livestream featured an AI-generated Musk announcing a “revolutionary” Tesla event and a “generous cryptocurrency giveaway.” Viewers were instructed to send their Bitcoin, Ethereum, or Dogecoin to a specific address, with the promise of doubling their…
Louisiana has passed a new law that protects Bitcoin and bans Central Bank Digital Currencies (CBDCs). Safeguarding Bitcoin House Bill 488 ensures that Louisiana residents can: Own and use Bitcoin without restrictions Store Bitcoin in wallets for safekeeping Make Bitcoin transactions without additional regulations Rejecting CBDCs The law also prohibits the issuance or use of…
Collaboration vs. Isolation As traditional financial institutions and centralized entities enter the Web 3.0 space, the industry faces a crossroads. Some advocate for collaboration, while others see it as a threat to decentralization. Finding Common Ground Despite fundamental differences, Web 3.0 and traditional entities can find common ground. Just as global superpowers collaborate in areas…
Over a quarter billion dollars worth of Chainlink (LINK) tokens have been transferred to crypto exchanges, according to analyst Ali Martinez. LINK Deposits Surge On June 22nd, 18.77 million LINK tokens, valued at approximately $256.20 million, were sent to exchanges. This has led to a drop in LINK’s price, which is currently trading at $13.03….
Tether, the company behind the popular stablecoin USDT, has announced that it will no longer support the Algorand (ALGO) and EOS blockchains. Community Focus Tether explained that its decision was based on community interest and the need to ensure the safety and efficiency of its stablecoin. The company said it carefully evaluates the security of…
