The crypto market took a major hit recently, leading to a massive wave of liquidations. Let’s break down what happened. What Happened? Basically, a lot of traders who borrowed money to bet on rising crypto prices (mostly Bitcoin and Ethereum) got wiped out. This is called a “liquidation”—when a platform closes your position because you’ve…
Thailand is making waves in the crypto world. Their Securities and Exchange Commission (SEC) is launching a new digital trading platform for securities, using blockchain technology. This move is huge, potentially paving the way for broader crypto adoption, not just in Thailand, but globally. This could even lead to Thailand allowing crypto payments in more…
This weekend was rough for crypto. Bitcoin dropped 8%, and many altcoins took a bigger hit – some falling over 20%! Ethereum even dipped below $2400 for the first time since July 2024. Almost everything was affected by Trump’s tariff spat with Canada and Mexico. The only bright spots were a few stablecoins and some…
Cryptocurrencies took a major hit recently, with Bitcoin and Ethereum plummeting to levels not seen in a while. This dramatic drop is largely due to global economic anxieties. A Market in Freefall The crypto market saw a massive sell-off, losing over 10% in just 24 hours. Bitcoin plunged over 6%, dipping below $92,000, while Ethereum…
A Bloomberg analyst predicts that a Litecoin (LTC) exchange-traded fund (ETF) will likely get the green light from regulators before an XRP ETF. Litecoin in the Lead? This prediction comes after Grayscale recently filed with the SEC to convert its XRP trust into an ETF. Several other firms are also vying for approval for crypto…
XRP Faces Potential Dip A well-known crypto analyst, DonAlt, is warning XRP holders about potential short-term losses. He points out that XRP has lost its support at $2.95 after a recent market downturn. If it can’t regain that level, it could drop to $2.72. At the time of writing, XRP is trading at $2.93. Bitcoin…
Switzerland’s biggest bank, UBS, is experimenting with a new way to buy and sell gold: using blockchain technology. They’re testing their “UBS Key4 Gold” product on ZKSync, a faster version of the Ethereum blockchain. Gold Goes Digital UBS Key4 Gold lets people buy and sell tiny amounts of gold online. It offers real-time pricing, plenty…
Tether, the company behind the popular stablecoin USDT, announced a massive surplus in its reserves at the end of 2024. An independent audit by BDO Global revealed some interesting details. A $7 Billion Cushion The audit showed Tether held roughly $143.7 billion in reserves against liabilities of about $136.6 billion. This leaves a hefty surplus…
Dogecoin has been dipping lately, hanging around the $0.35 mark. But don’t count it out just yet! Some analysts think it’s still got a long way to go. The Elliott Wave Theory: What’s the Big Deal? The Elliott Wave Theory is a way to predict price movements by looking at patterns. It suggests that price…
Eugene Fama, a Nobel Prize winner and influential economist, recently predicted Bitcoin will be worthless in 10 years. Let’s examine his arguments and the counterarguments. Fama’s Case Against Bitcoin Fama’s main concern is Bitcoin’s volatility. He argues that a successful currency needs stability, and Bitcoin’s fluctuating value makes it impractical for businesses to use as…
