The crypto community has been buzzing about Genesis’ plan to sell 36 million shares of Grayscale Bitcoin Trust (GBTC), worth around $1.5 billion. This announcement sparked concerns of a potential market downturn, similar to the one following the FTX bankruptcy estate’s sale of GBTC. However, a closer look reveals a less dire scenario. No FTX-Like…
Analyst’s Bullish Outlook A popular crypto strategist, The Flow Horse, believes the crypto markets are about to enter a bull market cycle similar to the one witnessed in mid-2020. He shared his insights with his 200,900 followers on X, a social media platform. The Flow Horse predicts a “craziness period” similar to the bullish price…
The criminal sentencing of Changpeng Zhao, the founder and former CEO of Binance, the world’s largest cryptocurrency exchange, has been postponed until April. Delayed Sentencing According to a CNBC report, Zhao’s sentencing, stemming from charges brought by the U.S. Department of Justice for failing to maintain adequate anti-money laundering protocols, will be delayed at least…
On-Chain Activity Surges, Unveiling New Use Cases Bitcoin (BTC) is evolving beyond its reputation as “digital gold,” showcasing a surge in on-chain activity that points to its growing utility, according to a recent analysis by Michael Zhao, a researcher at crypto asset management giant Grayscale. Ordinal Inscriptions Reshape the Bitcoin Landscape The advent of ordinal…
BTCS Inc., a leading blockchain and cryptocurrency company, has announced its lineup of innovative crypto products for 2024. The company aims to provide scalable revenue on Ethereum’s blockchain through these products. StakeSeeker Upgrades BTCS plans to upgrade its StakeSeeker platform, simplifying the staking process and offering Ethereum non-custodial staking. This will allow users to maximize…
Bitcoin ETFs Drive Unprecedented Demand Bitcoin’s value surged to a 26-month high due to the introduction of Bitcoin spot exchange-traded funds (ETFs). ETFs have increased Bitcoin’s popularity as a unique, global, and non-correlated digital asset. Demand for Bitcoin through ETFs is outstripping supply, leading to a 13% growth in the past 30 days. MicroStrategy’s Bitcoin…
The XRP lawsuit between Ripple Labs and the US Securities and Exchange Commission (SEC) has been the subject of much speculation, with rumors of a potential settlement circulating. However, legal experts have been quick to dismiss these rumors as baseless. Why a Ripple-SEC Settlement Is Unlikely Legal experts within the XRP community have been vocal…
Justin Sun, the founder of Tron, has made a significant investment in Bitcoin, accumulating nearly 520 BTC before the recent price rally. Justin Sun’s Bitcoin Purchase According to data from Lookonchain, an on-chain analytics firm, Sun acquired about 519 Bitcoin, worth approximately $24.85 million at the time of the report. With the current price of…
Allegations of Coin Fraud Korean blockchain sports platform Winnerz is accused of running a coin scam and preventing investors from accessing their money. Anonymous investors claim the company has been issuing fake cryptocurrency, gathering investments, and forbidding investors from taking out their money. The total amount of money collected that is being refused to be…
Cardano (ADA) could see a significant price increase if it can break through a key supply level, according to crypto analyst Ali Martinez. Resistance Level Martinez points to the $0.54 to $0.56 price range as a major obstacle for ADA. This range represents a large number of addresses that purchased ADA, and these holders may…
