According to on-chain analyst Checkmate, Bitcoin is poised for a significant upswing in the coming months. Six Months of Consolidation Checkmate predicts that Bitcoin will experience a period of consolidation for approximately six months. This period will be characterized by price fluctuations without a clear trend. Parabolic Advance Following the consolidation phase, Checkmate expects a…
Bitcoin’s Unique Characteristics Veteran analyst Peter Brandt believes Bitcoin is one-of-a-kind, unlike any other asset, including gold, stocks, or even other cryptocurrencies. He highlights its distinct price behavior, with exponential gains followed by significant corrections. Bitcoin’s Volatility Brandt also emphasizes Bitcoin’s extreme volatility, which can lead to both huge profits and substantial losses. Price Prediction…
Michael Saylor, the CEO of MicroStrategy, has made headlines again, but this time he’s not talking about Bitcoin. Instead, he’s setting his sights on its altcoin rivals. Saylor’s Doubts on Altcoins Saylor believes that the SEC will not approve applications for spot Ethereum (ETH) ETFs, dashing the hopes of investors. He also predicts that the…
The Securities and Exchange Commission (SEC) has been clashing with the crypto industry, especially over whether certain cryptocurrencies are securities. Ripple CEO Brad Garlinghouse has some strong opinions on the matter. XRP and ETH Are Not Securities Garlinghouse believes that XRP and Ethereum (ETH) are not securities. He recently said that the SEC is “grossly…
Vinnik’s Role in BTC-e’s Criminal Operations Alexander Vinnik, co-founder of the cryptocurrency exchange BTC-e, has admitted his guilt in a money laundering conspiracy involving $9 billion. The US Department of Justice (DOJ) alleges that BTC-e was a hub for cybercriminals, facilitating illicit transactions from 2011 to 2017. Vinnik, a Russian national, served as an operator…
No Contact from Hackers Bitfinex CTO Paolo Ardoino has denied rumors of a data breach after a group called FSOCIETY claimed to have hacked the exchange. Ardoino stated that the group never contacted Bitfinex directly about any breach. Leaked Data Analysis FSOCIETY released sample data allegedly stolen from Bitfinex, but Ardoino claims that only 5,000…
Stress Tests: A Flawed Approach Stress tests for major banks have repeatedly failed to uncover vulnerabilities that have led to massive losses. The current system is opaque and insufficient, with tests often conducted only once every two years. DeFi: A Transparent Alternative Decentralized finance (DeFi) offers a compelling alternative. DeFi protocols are governed by smart…
As BRICS leaders prepare to meet, they are reportedly discussing the creation of a new currency to reduce reliance on the US dollar and mitigate the risk of sanctions. Digital Currency in Focus The agenda includes exploring the feasibility of a digital currency to facilitate global trade and settlement while minimizing the threat of sanctions….
Global investment firm Franklin Templeton believes Solana (SOL) is set to become the third most important cryptocurrency, after Bitcoin and Ethereum. Strong Growth in Network Activity Solana’s network has seen a surge in fees and decentralized exchange (DEX) volumes over the past year. Franklin Templeton expects this growth to continue as Solana’s network effects strengthen…
Largest Wealth Transfer in History Ernst & Young (EY), a major accounting firm, reports that the largest wealth transfer in human history is underway, with trillions of dollars in assets being passed down this year. Baby Boomers Handing Down Fortunes EY estimates that baby boomers will transfer up to $3 trillion in assets to their…
