Samson Mow, a crypto project founder, believes that the recent stability in Bitcoin’s price can be attributed to the launch of spot Bitcoin exchange-traded funds (ETFs) in the United States. Spot ETFs’ Impact on Bitcoin’s Price Mow argues that without the capital influx from spot Bitcoin ETFs, the cryptocurrency would have experienced a significant price…
South Korea’s Gyeonggi Province has taken a bold step in the fight against crypto tax evasion with the implementation of a new digital tracking system. This innovative system streamlines the process of tracking crypto assets held by debtors in virtual asset exchanges, significantly reducing the time it takes to collect taxes. Unveiling the Digital Tracking…
Nigeria has intensified its scrutiny of major cryptocurrency exchanges, including Binance and Coinbase, to combat financial crimes associated with digital assets. The country’s telecommunications companies have been ordered to restrict access to these crypto firms’ websites following guidelines issued by the Central Bank of Nigeria (CBN). Binance and Coinbase Restrictions In December 2023, the Central…
Chamber of Digital Commerce Raises Concerns The Chamber of Digital Commerce, a US-based crypto advocacy group, has accused Senators Elizabeth Warren and Sherrod Brown of attempting to destroy the entire cryptocurrency industry. The group argues that the lawmakers are leading an unprecedented attack on digital assets, particularly through Warren’s Digital Asset Anti-Money Laundering Act. Proposed…
A prominent crypto analyst is bullish on a peer-to-peer storage altcoin project backed by billionaires. Filecoin (FIL) Altcoin Sherpa, with over 200,000 followers on social media, believes decentralized storage network Filecoin (FIL) could soar more than 125% from its current value in the coming months. He suggests that FIL could flip the 50% level in…
A well-known cryptocurrency analyst, Bluntz, has expressed bullish sentiment for dogwifhat (WIF), a memecoin within the Solana (SOL) ecosystem. Bluntz believes WIF is poised to break through its all-time high of $0.47 and embark on a significant rally. Technical Analysis Bluntz’s analysis suggests that WIF has formed a descending channel chart pattern on the four-hour…
Cryptocurrency analyst Kevin Svenson warns of a potential significant correction for Bitcoin (BTC) after it reaches $60,000. Key Points: Svenson believes Bitcoin could see a 25% drop after the halving event in mid-April. A post-halving dip scenario back to $44,000 is a possibility. Short-term momentum remains bullish due to the upcoming halving. Bitcoin could still…
Bullish Sentiment and Long-Term Prediction Crypto experts remain optimistic about Bitcoin’s long-term potential, predicting significant price increases. Michael Van De Poppe, a prominent crypto analyst, shared a bold prediction on social media, suggesting that Bitcoin could reach $500,000 in the long run. Overly Bullish Sentiment and Potential Corrections Poppe noted the current “overly bullish sentiment”…
Bitcoin, the cryptocurrency famous for its price swings and digital gold status, is now making a play for a new title: sustainability champion. Surging Renewable Energy Use A recent analysis reveals a remarkable surge in renewable energy use for Bitcoin mining, reaching a staggering 55%. This marks a significant shift from just four years ago,…
Current State and Future Trajectory of Bitcoin In an interview with CNBC’s ‘Squawk Box,’ Mike Novogratz, CEO of Galaxy Digital, shared his insights on Bitcoin’s current state and future trajectory. He noted the recent surge in Bitcoin prices but suggested a potential consolidation phase. Institutional Adoption and Accessibility Novogratz emphasized the significance of institutional and…
