China’s strict ban on cryptocurrencies is facing growing criticism from experts, including a former top finance official. A Shift in the Wind? Zhu Guangyao, a former vice minister of finance, recently called on the Chinese government to reconsider its crypto ban. He argued that while cryptocurrencies pose some risks, they are also crucial for China’s…
Crypto investors are feeling optimistic! Last week saw a huge surge in money flowing into crypto investment products, with a total of $1.2 billion pouring in. This is the third week in a row with positive numbers, which shows that people are starting to believe in crypto again. Bitcoin is the star of the show….
Taiwan is taking a step forward in the world of crypto by allowing professional investors to access foreign crypto exchange-traded funds (ETFs). This move comes after a period of careful consideration and discussion with industry experts. How It Works The process involves a “re-entrustment” system. This means Taiwanese institutions can hand over their investment management…
Ethereum is Still the King, But Solana Has Its Advantages EigenLayer, a platform that lets you stake your Ethereum in a more flexible way, is a big believer in Ethereum. Their founder, Sreeram Kannan, thinks Ethereum is better than Solana, even though Solana is gaining popularity. Kannan argues that Solana focuses too much on speed…
A popular crypto trader, known as “Bluntz” on the social media platform X, is predicting a bullish October for Dogecoin (DOGE). Dogecoin: A Turbocharged Bull Run? Bluntz, who uses the Elliott Wave theory to analyze market trends, believes that DOGE is in the early stages of a five-wave rally. He sees a potential for DOGE…
The stablecoin industry is facing a major blow after the Federal Reserve lowered interest rates. This move will significantly reduce the amount of money stablecoin companies make from their investments. Stablecoins Rely on Interest Rates Most of the top five stablecoin companies keep their money in US Treasury Bills, which are like government bonds. These…
Is Solana (SOL) really poised to dethrone Ethereum (ETH)? Renowned economist and trader Alex Krüger thinks it’s a real possibility. Solana’s Got the Goods Krüger believes Solana has everything it needs to become a major player in the crypto world. He’s bullish on SOL/ETH in the long run, saying Solana has already reached “escape velocity”…
A crypto analyst who accurately predicted the 2022 crypto crash is now saying Bitcoin and altcoins are poised for a big jump. Bitcoin to Hit $70,000? The analyst, known as Capo, believes Bitcoin is due for a slight dip before continuing its upward trend. He expects Bitcoin to pull back to around $64,000-$65,000 before rallying…
Since they were approved earlier this year, Spot Bitcoin ETFs have been scooping up Bitcoin like crazy. These ETFs are basically investment funds that let people invest in Bitcoin without actually buying the cryptocurrency themselves. Big Players in the Game BlackRock is leading the charge, and their IBIT ETF has already bought more Bitcoin than…
A crypto analyst, known as Astronomer, is predicting a strong bull market for Bitcoin in the final quarter of 2024. He’s basing this prediction on historical data and a surprising trend in September. September’s Unexpected Green Astronomer points out that Bitcoin has performed unexpectedly well in September, potentially setting a record for the greenest September…
