Logistical Challenges of Gold India’s recent decision to bring back a significant amount of its gold reserves from the UK has highlighted the logistical difficulties of managing physical gold. Transporting and storing large quantities of gold can be costly and time-consuming. Bitcoin as a Solution Gabor Gurbacs, a strategic advisor at Tether, suggests that cryptocurrencies…
Unauthorized Access Incident On May 31, DMM Bitcoin, a major Japanese crypto exchange, detected a hack resulting in the theft of 4,502.9 BTC (worth $305 million). Services Suspended To protect customer assets, DMM Bitcoin has temporarily suspended: New account openings Cryptocurrency withdrawals Spot trading buy orders New leveraged trading positions Customer Reassurance DMM Bitcoin has…
A savvy trader has made a staggering 118,967% return on a Solana-based memecoin called dogwifhat (WIF). According to blockchain tracking firm Lookonchain, the trader purchased WIF in December 2023 and has made a series of strategic sales as the memecoin soared. The trader bought 6.1 million WIF for $5,879 and has since sold 4.7 million…
Cathie Wood, CEO of ARK Invest, believes that major broker-dealers will only accept spot exchange-traded funds (ETFs) for Bitcoin (BTC) and Ethereum (ETH). Spot ETFs Gaining Traction Since the approval of spot BTC ETFs, Wood has observed increased interest from large platforms like Morgan Stanley and UBS. She anticipates that these wirehouses will soon offer…
A popular trader predicts a 147% surge for Dogecoin (DOGE), calling it “one of the safest trades” currently. The analyst cites factors such as retail interest, potential tweets from Elon Musk, and relatively low downside risk. Solana and Chainlink Regarding Solana (SOL), the trader expects higher prices later this year but anticipates lower volatility in…
Analysts at Glassnode, a blockchain analytics firm, predict a significant surge in Bitcoin’s value. Resistance at $72,000 Co-founders Jan Happel and Yann Allemann believe that if Bitcoin breaks through the “formidable” resistance level of $72,000, it could reach an unprecedented high of $75,000. Market Range and Potential Trigger Currently, Bitcoin is expected to trade within…
Bitcoin Block Size Debate In 2015-2017, the Bitcoin community was divided over the block size debate. Small blockers wanted to keep block sizes small to maintain decentralization and accessibility. Big blockers argued for larger blocks to reduce transaction fees and increase Bitcoin’s utility as a digital currency. Small Blockers’ Perspective Concerned about centralization if block…
Why Dogecoin? A crypto analyst, Altcoin Sherpa, believes Dogecoin (DOGE) is a safe investment with potential for significant gains. Here’s why: Retail Investors: Retail investors are accumulating DOGE, driving up demand and price. Social Media Influence: Elon Musk’s tweets have historically boosted DOGE’s value. Liquidity: DOGE is easy to buy and sell without affecting its…
Celebrities’ Role in the Crypto World Celebrities are playing a significant role in the crypto industry. Their endorsements can raise awareness and encourage investment in digital assets. When Celebrities Get Involved According to Capo of Crypto, a market expert, when celebrities show interest in crypto, it often signals a final surge before a market peak….
Elon Musk has addressed rumors about conversations with Donald Trump regarding cryptocurrencies. Trump-Musk Crypto Speculations Musk stated that he doesn’t recall discussing crypto with Trump, despite his support for initiatives that empower individuals over government. He also clarified that he won’t support either presidential campaign financially. Potential Advisory Role for Musk According to The Wall…
