After the recent market dip, a renowned crypto analyst predicts that investors will turn to larger, more established altcoins for safety. Flight to Quality Altcoin Psycho, with over 500,000 followers, believes that investors will seek out altcoins with market caps of at least $1 billion. The market meltdown has made investors wary of speculative altcoins….
Background Senators Elizabeth Warren and Charles Grassley have sent a letter to Commodities and Futures Trading Commission (CFTC) Chair Rostin Behnam, requesting information about his relationship with Sam Bankman-Fried, the former CEO of FTX. Alleged Ties Bankman-Fried is currently serving a 25-year prison sentence for stealing $8 billion from FTX users. The senators believe that…
Crypto analyst Jason Pizzino believes Bitcoin’s recent surge resembles its 2019 pattern. Parallels to 2019 In 2019, Bitcoin soared 400% before consolidating for six months. Pizzino suggests that the current rally from $25,000 to $74,000 may follow a similar trajectory. Key Price Ranges Pizzino is monitoring key price ranges to predict Bitcoin’s next move. If…
Halving Event to Boost BTC in Six Months Kris Marszalek, CEO of Crypto.com, believes Bitcoin’s bull market is still in its early stages. In an interview with Bloomberg, he predicts a “great performance” for BTC in the next six months. The upcoming halving event, where miners’ rewards are halved, will be a positive factor, according…
BlackRock’s Bitcoin ETF (IBIT) is making waves in the financial world. It’s already attracting interest from over 30 fund managers, signaling a growing appetite for digital assets among traditional institutions. Fund Manager Ownership Eric Balchunas, a Bloomberg ETF expert, believes this is just the beginning. He calls it the “tip of the iceberg,” suggesting even…
Indictment and Charges A Nebraska man has been indicted by New York authorities for allegedly running a $3.5 million crypto scheme. If found guilty, he could face up to 30 years in prison. The man, Charles Parks III, is accused of fraud, money laundering, and unlawful monetary transactions. He allegedly stole computing resources from two…
Surge in Korean Won Trading The South Korean won has become the leading currency for cryptocurrency trading worldwide in the first quarter of 2024. According to Kaiko, the total trading volume in Korean won reached $456 billion, surpassing the $445 billion traded in US dollars. This surge is attributed to the growing demand for “risky…
Overview The Stacks L2 network, which allows for the creation of decentralized apps and smart contracts on the Bitcoin blockchain, is preparing for a major upgrade called Nakamoto. This upgrade is expected to significantly improve the speed and security of the Stacks ecosystem. Key Features of the Nakamoto Upgrade Fast Block Production: The upgrade will…
A recent study by KPMG has revealed that crypto investors in Germany, Austria, and Switzerland are pouring significant portions of their portfolios into digital assets. Key Findings On average, respondents allocated over 25% of their total assets to crypto. 54% invested at least 20% of their assets in crypto. 34% considered crypto investments “rather safe,”…
A prominent crypto analyst, known as The Flow Horse, has shared his current crypto holdings following last week’s altcoin crash. Portfolio Contents The Flow Horse’s portfolio includes: Bitcoin (BTC) Solana (SOL) Ethereum (ETH) Dogwifhat (WIF) Various AI and real-world asset tokenization crypto assets Solana Over Ethereum The trader emphasized his preference for Solana over Ethereum…
