Bitcoin’s Price Action A crypto analyst, Bluntz, believes Bitcoin is poised for a breakout based on its two-hour chart. The chart shows a symmetrical triangle pattern, which could indicate a breakout above $67,000. Bluntz predicts that if Bitcoin breaks through this resistance level, “the whole market flies.” Solana’s Memecoin Bluntz also analyzed Solana’s memecoin, dogwifhat…
The arrest of Samourai Wallet’s CEO and CTO has sparked a debate about the future of privacy and regulation in Bitcoin. Implications for Bitcoin Users According to Ari Paul, the government’s actions are part of a broader effort to control financial transactions. He believes states will try to create “whitelist” frameworks for managing decentralized assets….
Discouraging Meetings with SEC US companies hoping to launch Ethereum ETFs are facing disappointment. Meetings with the Securities and Exchange Commission (SEC) have left them pessimistic about the approval of Ether-based financial products. Setback for Ethereum Industry The potential rejection by the SEC is a blow to the Ethereum industry, which had hoped for spot…
Introduction Investment giant Morgan Stanley is considering allowing its brokers to recommend Bitcoin Exchange Traded Funds (ETFs) to clients. This move could be a major step in bridging the gap between traditional finance and the cryptocurrency industry. Morgan Stanley’s Plans Morgan Stanley is reportedly exploring the possibility of letting its 15,000 brokers actively suggest Spot…
LinkedIn Impersonation North Korea’s Lazarus Group is using LinkedIn to impersonate skilled developers, particularly in blockchain and React. They pose as job seekers to target companies. Malicious Code Repositories Lazarus creates fake coding samples hosted on platforms like GitHub. These samples contain malicious code that infiltrates victims’ networks, compromising their security. Financial and Reputational Risks…
The founders of Glassnode, a cryptocurrency analytics platform, are forecasting a 350% surge in the altcoin market capitalization. Elliott Wave Analysis Jan Happel and Yann Allemann, the co-founders, believe the altcoin market may be mirroring a pattern from 2021, where a significant correction was followed by a bull run. Using Elliott Wave theory, they predict…
The Securities and Exchange Commission (SEC) is reportedly seeking a staggering $5.3 billion fine against Do Kwon, the founder of the collapsed Terra ecosystem. Allegations of Misconduct The SEC alleges that Kwon and his company, Terraform Labs, engaged in “brazen misconduct” that led to the downfall of the Terra ecosystem in 2022. They are accused…
Crypto investor Brian Kelly believes Bitcoin is poised for a bullish surge due to rising demand and limited supply. Institutional Interest Kelly highlights the potential impact of major brokerage firms like Morgan Stanley and UBS entering the Bitcoin market. He anticipates a significant influx of demand once these firms allow their clients to invest in…
Mark Yusko, CEO of Morgan Creek Capital, predicts a massive influx of money from baby boomers into the cryptocurrency market. Key Points: Asset managers are expected to allocate $300 billion to crypto within the next 12 months. This represents 1% of the $30 trillion in assets controlled by financial advisors for boomers. Yusko believes this…
Alleged Circular Debunked Reports of a circular from the Central Bank of Nigeria (CBN) banning crypto transactions and freezing accounts have been circulating. However, the CBN has confirmed that these reports are false. Guidelines Still in Place Despite the fake circular, the CBN’s guidelines from December 2023 remain in effect. Banks and other financial institutions…
