Background PayPal’s Blockchain Research Group (BRG) has teamed up with Energy Web and DMG Blockchain Solutions to promote sustainable Bitcoin mining. Bitcoin Mining’s Environmental Impact Bitcoin’s Proof-of-Work (PoW) consensus mechanism consumes significant electricity, leading to carbon emissions. BRG estimates that Bitcoin mining emits over 85 million metric tons of carbon dioxide annually. PayPal’s Proposed Solution…
SEC Overreach and Unclear Rule The Blockchain Association and Crypto Freedom Alliance have filed a lawsuit against the SEC over its new “dealer” rule. They argue that the rule is vague and overly broad, failing to provide clear guidance for crypto market participants. Under the rule, developers of automated software and liquidity providers could be…
Crypto.com, a popular crypto exchange, recently postponed its launch in South Korea, just days before it was scheduled to go live. Regulatory Hurdles The delay is due to the need for more discussions with South Korean regulators. Crypto.com wants to make sure its operations are fully compliant with the country’s anti-money laundering laws. Strategic Response…
10 Billion DOGE Ready to Cash Out Dogecoin may be facing a potential sell-off that could drop its price. A large chunk of coins (10 billion DOGE) is about to become profitable. Crossing $0.17: A Double-Edged Sword When Dogecoin crossed $0.17, it triggered a profit zone for many investors who bought between $0.15 and $0.168….
A renowned crypto analyst, TechDev, has analyzed technical indicators and predicts a significant breakout for altcoins. Historic Pattern Repeating TechDev observes that the altcoin market cap structure is mirroring a bullish pattern seen in previous market cycles. The market cap, excluding the top 10 cryptocurrencies, is poised to repeat the breakout, retracement, and subsequent surge…
Bitcoin’s Path to the Top Analyst Bluntz predicts that Bitcoin (BTC) will reach a new all-time high within the next two weeks. Using Elliott Wave theory, he believes the current surge is part of a larger wave three rally, with more gains to come. Bluntz anticipates BTC to reach $90,000 before a correction to $80,000….
Jesse Pollak, creator of Base, a layer-2 network backed by Coinbase, has highlighted the role of memecoins in driving adoption for the platform. Memecoins as Onboarding Tools Pollak believes that memecoins are attracting a large number of new users to Base. He notes that these coins are often driven by creativity and community engagement, which…
A well-known trader who accurately predicted the 2022 bear market bottom has shared his Bitcoin forecast after last week’s halving. Diminishing Returns Dave the Wave, the pseudonymous analyst, believes Bitcoin has consistently seen diminishing returns after every bull market since 2012. He expects gains of over 626% from the bottom, significantly lower than the 1,275%…
Market Dynamics Despite the recent Bitcoin halving, the market remains positive. Bitfinex’s analysis shows: Increased Exchange Withdrawals: Investors are moving Bitcoin to cold storage, indicating anticipation of price increases. Strong Demand: New market participants are absorbing selling pressure, preventing a pre-halving price decline. ETF Inflows: Spot Bitcoin ETFs are seeing significant inflows, creating a supply-demand…
Key Drivers of Bitcoin’s Rally ETF Inflows: The surge in investment into Bitcoin ETFs in the US has been a major catalyst for price growth. Kendrick estimates that $50-$100 billion could flow into these ETFs as the market matures. Bitcoin Halving: The upcoming halving event, which reduces the number of new Bitcoins mined, will limit…
