Hashrate Nears All-Time High The total computing power used by Bitcoin miners has climbed to near-record levels, a sign of increased network security. This “hashrate” is crucial for preventing malicious attacks on the blockchain. Difficulty Adjustment As the hashrate rises, the Bitcoin network automatically adjusts its difficulty to maintain a steady block production rate. This…
Investigation Abruptly Closed Fortune Magazine recently reported that the Securities and Exchange Commission (SEC) investigated Dapper Labs, a prominent NFT company, until September 2023. However, the investigation was abruptly closed, leaving many questions unanswered. Reasons for Investigation Unclear The SEC has not disclosed the reasons for the investigation, its duration, or why it was closed….
A crypto trader has made a fortune on a Solana-based memecoin called Jeo Boden (BODEN). Initial Investment Two days after BODEN’s launch, the trader bought 12.08 million tokens for $530,000 worth of SOL. Profitable Sales On April 6th and 9th, the trader sold 9.08 million BODEN for $4.06 million, netting a profit of $3.53 million….
A popular crypto analyst believes a key factor could send Bitcoin soaring past $100,000. ETF Inflows: A Bullish Signal Nicholas Merten, host of DataDash, suggests that if inflows into Bitcoin exchange-traded funds (ETFs) remain around 20,000 BTC per week, it could trigger a significant upward move. “Tens of thousands of Bitcoin being purchased weekly into…
A popular crypto trader believes Cardano (ADA), a rival to Ethereum (ETH), is poised for a massive surge of over 190%. Fractal Pattern Analysis Analyst Ali Martinez analyzed ADA’s price movements and identified a pattern similar to one observed from 2018 to 2021. According to Martinez, if this pattern continues, ADA could consolidate between $0.55…
Cryptocurrency analyst Kevin Svenson is optimistic about Bitcoin’s future, citing the breakout of the Relative Strength Index (RSI) indicator on the daily chart. RSI Breakout: End of Bearish Trend The RSI is a momentum indicator that measures overbought and oversold conditions. Svenson notes that the RSI has broken out of its downtrend, signaling the end…
Breaking Barriers Bitcoin has soared past $70,000, showing its strength and potential for further gains. $82,000 Target Remains Cryptocurrency expert Crypto Jelle predicts that Bitcoin will reach $82,000 soon. He believes the coin has overcome a major obstacle and is poised for a rally. Patience Pays Off Jelle advises investors to hold onto their Bitcoin…
Introduction The Bitcoin Halving is a major event that occurs every four years. It’s designed to reduce the supply of new Bitcoins, which can have a significant impact on price. Past Performance 2012 Halving: Bitcoin price increased by 10,000% within a year. 2016 Halving: Bitcoin price rallied by 3,400% in 16 months. 2020 Halving: Bitcoin…
China’s Economic Crisis China is facing a major economic crisis, with a high debt-to-GDP ratio and a collapsing housing market. This has led to a massive outflow of capital from China, as investors seek safer investment options. Hong Kong’s Spot Bitcoin ETFs Hong Kong is considering approving spot Bitcoin ETFs, which would allow investors to…
Cardano’s Expansion in Asia EMURGO, a key player in the Cardano network, has joined forces with Huawei Cloud to boost Cardano’s presence in Asia Pacific. This partnership will combine EMURGO’s blockchain expertise with Huawei Cloud’s vast infrastructure, aiming to accelerate the adoption of Web3 in the region. Cardano Validator Node on Huawei Cloud A crucial…
