Venture capitalists are pouring money into the crypto world! In the second quarter of 2024, they invested almost $3.2 billion, according to Galaxy Digital. This is a big jump from the first quarter, where they invested $2.5 billion. While the number of deals slightly decreased, the amount of money invested in each deal increased significantly….
A popular crypto analyst is raising a red flag about Bitcoin’s price, suggesting that a classic indicator could determine its next move. RSI: A Cause for Concern? Benjamin Cowen, a crypto strategist with over 800,000 YouTube subscribers, is looking at Bitcoin’s Relative Strength Index (RSI). The RSI is a tool used to figure out if…
Crypto experts are buzzing about meme coins, predicting a huge surge in their value. They believe these playful tokens, like Dogecoin (DOGE) and Shiba Inu (SHIB), could be the stars of the upcoming year-end rally. Why Meme Coins Are Poised for Growth Andrew Kang, a well-known crypto expert, believes that meme coins have the best…
The crypto world just got a little bit clearer. A recent court ruling in Illinois has officially declared Bitcoin (BTC) and Ethereum (ETH) as commodities, a major win for the crypto industry. Court Confirms Commodity Status This decision aligns with the stance of the US Commodities Futures Trading Commission (CFTC), led by Chairman Rostin Behnam….
The Philippine Department of Justice (DOJ) has charged two former consultants of Coins.ph, a popular cryptocurrency exchange, with a massive crypto heist. Inside Job: Former Consultants Exploited Their Knowledge Vladimir Avdeev and Sergey Yaschuck, both Russian nationals, are accused of using their insider knowledge to steal 12.2 million XRP, worth around $7 million. They allegedly…
The German government has been selling off its Bitcoin stash, which has been putting downward pressure on the price of Bitcoin. How Much Bitcoin Does Germany Hold? According to blockchain analytics firm Arkham Intelligence, Germany still holds around 24,000 Bitcoin, worth about $1.42 billion. They’ve been transferring Bitcoin to exchanges and market makers, including over…
A big Ethereum whale moved a huge chunk of their ETH to Coinbase, causing some people to worry about a potential sell-off. Whale Watch: 11,215 ETH on the Move A whale (someone who owns a lot of cryptocurrency) transferred a whopping 11,215 ETH to Coinbase, a popular crypto exchange. This got people nervous because it’s…
Ethereum is back on the rise, climbing above $3,000 after dipping below $2,800 recently. This recovery has traders feeling optimistic, and breaking through $3,200 could be a game-changer. Two Million Addresses in the Green According to IntoTheBlock, if Ethereum surpasses $3,200, it’ll be a big win for traders. Around two million people who bought ETH…
No Need to Panic Economist Alex Krüger isn’t worried about the recent Bitcoin (BTC) sell-offs from Mt. Gox and the German government. He believes the market can handle it all. German Government Dumping Bitcoin Last month, the German government seized 50,000 BTC from Movie2k.to, a now-defunct illegal streaming site. They’ve been selling off some of…
A popular crypto analyst thinks Ethereum (ETH) is about to hit rock bottom and then skyrocket. Ethereum’s Dip is Just a Correction The analyst, who goes by the name Bluntz, uses something called the Elliott Wave theory to predict market movements. He says Ethereum is in a correction phase right now, but it’s about to…
