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…
Analyst Jamie Coutts predicts that artificial intelligence (AI) could skyrocket the valuation of smart contract platforms to a staggering $15-$25 trillion by 2030. AI’s Role in Smart Contract Growth Coutts believes AI will increase the demand for on-chain verification and authentication services. Human-directed or autonomous AI agents could use smart contract platforms to exchange value,…
Two Bitcoin wallets that have been dormant for over a decade have suddenly become active, transferring a combined $60.9 million worth of BTC. Awakening of the Giants On September 12th, 2013, two wallets received 500 BTC each, when the cryptocurrency was worth $124 per coin. After remaining untouched for over 10 years, both wallets emptied…
Economist Henrik Zeberg predicts a significant rally in stocks and crypto in the coming months, potentially lasting until the end of the year. Bullish Sentiment Zeberg believes investors will latch onto the following narratives to justify the rally: The “blow off top” is not over yet, indicating extreme gains in certain indices and crypto. Sentiment…
The next two weeks are critical for the crypto industry as the US Congress considers several key legislative proposals that could shape the regulatory landscape for digital assets. Repeal of SAB 121 The Senate is expected to vote this week on repealing Staff Accounting Bulletin No. 121 (SAB 121), which requires financial institutions to list…
Wisconsin Invests $99M in BlackRock’s Bitcoin ETF Institutional investors and US states are showing increased interest in Bitcoin exchange-traded funds (ETFs) after the SEC’s approval in January. Wisconsin’s investment board has invested approximately $100 million in BlackRock’s iShares Bitcoin Trust ETF. Growing Interest from US States New Hampshire State Representative Keith Ammon has proposed diversifying…
