Cathie Wood’s $2.3 Million Forecast In a recent report, Ark Invest predicted that Bitcoin could reach $2.3 million if it becomes a widely accepted asset. This projection has gained support from Robert Kiyosaki, the renowned author of “Rich Dad, Poor Dad.” Kiyosaki’s Endorsement Kiyosaki believes that Ark Invest CEO Cathie Wood is a brilliant investor….
Crypto analyst Altcoin Sherpa believes that Fantom (FTM) has the potential to surge by over 15% in 2024. He cites the project’s strong treasury as a reason for his optimism. However, he advises waiting for consolidation before entering a long-term position, targeting a buy-in price of $0.83 or $0.70. Other Altcoins to Watch Altcoin Sherpa…
VanEck CEO Jan van Eck believes that the US Securities and Exchange Commission (SEC) will reject applications for Ethereum (ETH) exchange-traded funds (ETFs). SEC’s Stance on ETH ETFs In March, the SEC announced a 60-day delay in its decision on ETH ETFs. The agency cited the need for more time to consider the proposal. Industry…
Permissionless Capital, a platform for Web 3.0 startups, is inviting applications for its “Permissionless Opportunities” competition. What’s in It for Startups? Selected startups will receive: Funding and resources to develop their products Access to industry experts and investors Media coverage to boost their visibility Mentorship and technical support How to Apply Applications open from April…
Bitcoin’s ‘Max Pain’ Scenario According to analyst Bluntz, Bitcoin may be experiencing a “Max Pain” scenario, where it spikes to $76,000 before dropping to $64,000. This would lure investors back in with fear of missing out, only to see it fall again before a true rally. Gold’s Parabolic Rise Bluntz believes gold is poised for…
A recent analysis has revealed that a single anonymous custodian, believed to be Cobo Custody, holds a significant amount of Bitcoin mined by major mining pools. Concentration of Control The custodian controls the Coinbase addresses of at least nine mining pools, including AntPool, F2Pool, Binance Pool, and Poolin. This means that for every 100 Bitcoin…
Low Fees for Bitcoin Miners Bitcoin transactions have been incredibly cheap lately, with fees hovering near their lowest point in recent times. This means that miners have been earning very little from fees. Block Subsidy and Transaction Fees The total revenue for Bitcoin miners comes from two sources: block subsidies (rewards per block) and transaction…
Binance’s Proof of Reserves Binance, the largest crypto exchange, recently released its latest Proof of Reserves (PoR) report. This report shows how much crypto they hold for their users. Shiba Inu Holdings The report reveals that Binance holds over 65 trillion Shiba Inu (SHIB) tokens. This means that for every SHIB that users have on…
The Mango Markets Scandal On October 11, 2022, Avraham Eisenberg allegedly inflated the MNGO token by 1000% in 20 minutes. He then used this inflated value to borrow over $110 million from Mango Markets, which was later revealed to be a theft. Eisenberg’s Trial Eisenberg’s trial is underway in a New York federal court. The…
Billionaire investor Mike Novogratz predicts a bright future for Bitcoin and precious metals due to the Federal Reserve’s potential rate cuts. Rate Cuts Boost Liquidity, Benefit Bitcoin Novogratz believes that rate cuts will increase liquidity, making Bitcoin more attractive to investors seeking a safe haven during economic uncertainty. He views Bitcoin as a store of…
