Bitcoin and Bitcoin Cash Repayments Mt. Gox, the defunct crypto exchange, has finally started repaying its creditors in Bitcoin (BTC) and Bitcoin Cash (BCH). This comes almost a decade after the platform collapsed and went bankrupt. Repayment Process The repayment process involves designated exchanges like Bitbank, Kraken, and Bitstamp. These exchanges will make the funds…
Stablecoins: A New Frontier Russia is exploring the use of stablecoins for international payments to bypass sanctions and economic difficulties. Stablecoins are cryptocurrencies pegged to the value of assets like fiat currencies or gold, offering a combination of digital asset efficiency and financial stability. Russia’s Move to Stablecoins The Russian government sees stablecoins as a…
Critical Moment for Ethereum Ethereum (ETH) has taken a hit lately, dropping 9% to around $3,130. Analysts are watching closely to see if it can hold steady or if it’s headed for a bigger drop. Hold or Drop? Analyst Inspo Crypto says the next few hours are crucial. If ETH can’t bounce back above $3,170,…
Bitcoin (BTC) Analyst Jason Pizzino believes Bitcoin could break through key resistance levels soon based on the Average True Range (ATR) indicator. Historical data shows that Bitcoin tends to make significant moves when the ATR reaches a low point and price continues to consolidate. Pizzino’s key price targets for Bitcoin include: $63,300 on the daily…
Decision Reversal Friend.tech, a social media platform built on crypto, has reversed its decision to leave the Coinbase-backed Base blockchain. Community Feedback The decision change follows feedback from the Friend.tech community, which expressed a desire for the platform to remain on Base. The company agreed, stating that the platform was always intended to be community-driven….
JPMorgan Chase has issued a grim economic forecast, warning that a Trump victory in the upcoming election could lead to a dangerous combination of slow growth and high inflation. Tariffs: A Recipe for Disaster According to JPMorgan’s Chief Global Strategist David Kelly, Trump’s plan to raise tariffs on imports could create a perfect storm for…
Daily Active User Surge According to Jamie Coutts, chief crypto analyst at Real Vision, a key metric is signaling a positive outlook for cryptocurrencies. The daily active user (DAU) count for a group of 22 blockchains has surged by 132.8% in the past six months and 117.4% in the past three months. Layer-1 Blockchain Growth…
Bitcoin has just completed its ninth test of the $60,000 support level. This has raised questions about where the cryptocurrency is headed. Support and Resistance A support level is a price point where an asset tends to stop falling, indicating a potential bounce back. Bitcoin has held $60,000 as a support level for about nine…
CME Gap Closure Crypto expert Michael van de Poppe believes that the recent closure of Bitcoin’s CME gap signals a potential bounce from its current price. He predicts that Bitcoin will reclaim $60,000 as support before rising further. Inverse Head-and-Shoulder Pattern Analyst Mkybull Crypto confirms the CME gap closure and predicts that Bitcoin will reclaim…
Transactions Begin Mt. Gox has started repaying creditors by transferring a small amount of Bitcoin to Bitbank, one of the authorized exchanges. This follows months of planning to distribute $8.2 billion in Bitcoin owed to creditors. Test Transactions? The initial transfer was for only $24. It’s unclear if this is a test run before larger…
