Background: Vitalik Buterin’s SHIB Burn In 2021, Ethereum co-founder Vitalik Buterin burned 410 trillion SHIB tokens, sparking a surge in the token’s value. This act was seen as a sign of his belief in the project and a gesture of decentralization. K9 Finance’s Burn Inspired by Buterin’s burn, K9 Finance, a liquid staking platform for…
In-Game Purchases: A Lucrative Market In-game purchases, such as skins and virtual currencies, have become a multi-billion dollar industry. However, these purchases are often limited to specific game ecosystems and are not tradable or monetizable by players. On-Chain Purchases: A Solution Web 3.0 and blockchain technology offer a solution to this problem. By storing in-game…
A prominent crypto strategist, Ali Martinez, is predicting a massive rally for VeChain (VET), a blockchain project focused on supply chain management. VeChain (VET) Martinez believes VET could surge by over 1,660% by the end of 2024, reaching a potential high of $0.60. This prediction is based on the altcoin’s historical price action, which Martinez…
The State of Wisconsin has invested nearly $163 million in two major Bitcoin exchange-traded funds (ETFs): BlackRock’s iShares Bitcoin Trust (IBIT) and Grayscale’s Bitcoin Trust (GBTC). Investment Details The investment was made before March 15, 2024, the deadline for institutional investors to disclose their first-quarter holdings. The State of Wisconsin Investment Board, which manages investments…
A well-known crypto analyst, Credible Crypto, believes Bitcoin (BTC) is about to make a significant jump. He expects BTC to reach $68,000 within days. Bitcoin’s Bounce Credible Crypto believes Bitcoin will dip below $60,000 before bouncing back strongly towards $68,000. Bitcoin is currently trading at $62,613. XRP’s Potential Credible Crypto also predicts that XRP, a…
El Salvador has added 5,750 Bitcoin (BTC) to its treasury, bringing the total value to about $353 million. Bitcoin Adoption and Criticism In 2021, El Salvador became the first country to make Bitcoin legal tender. However, this move has been met with criticism from organizations like the International Monetary Fund (IMF), who worry about financial…
False Crypto Advice Company Exposed The UK government has closed down a crypto advisory firm called Amey Finance Academy Ltd. for misleading investors and losing their money. Scheme-Promoting Director Desmond Amey, the sole director of the company, claimed to be a “wealth creation expert” and promised investors that their crypto investments were “solid.” However, investors…
Expert Predictions Raoul Pal, a renowned financial expert, predicts a surge in the crypto market, with a potential rise in market capitalization to a staggering $100 trillion. His analysis is based on global liquidity trends and rapid technological adoption. Global Liquidity and Fiat Currency Depreciation Pal believes that the global liquidity cycle has fueled asset…
Background A Dutch court has sentenced Alexey Pertsev, a developer of the crypto mixing tool Tornado Cash, to 64 months in prison. The court alleges that Tornado Cash was used to launder money from criminal activities, including terrorism. Tornado Cash’s Role in Money Laundering According to the court, Tornado Cash facilitated the laundering of approximately…
Chart Analysis Peter Brandt, a seasoned trader, has warned that XRP may lose significant value against Bitcoin (BTC). According to his analysis, the XRP/BTC pair is nearing its all-time low and could potentially fall below 0.0000002 BTC ($0.013). Bullish Outlook Challenged Despite acknowledging the possibility of XRP outperforming BTC in the future, Brandt emphasizes that…
