Argentina’s President Javier Milei, known for his pro-Bitcoin stance, is facing impeachment calls following a controversial cryptocurrency debacle. The fallout centers around a new token, Libra, which he promoted, leading to significant financial losses for investors. The Libra Launch and its Rapid Collapse Milei enthusiastically promoted Libra on social media, claiming it would boost the…
Ethereum’s price is doing better than other cryptocurrencies lately. While Bitcoin’s been struggling, Ethereum briefly climbed above $2,700. Could this be the start of a big rally? Quiet Strength Data from Santiment, a crypto analytics firm, shows some interesting things: Ethereum is outperforming other altcoins: It’s been doing better than many other cryptocurrencies this week….
A new investigation reveals a shocking connection between the now-defunct Argentinian memecoin, Libra, and Melania Trump’s NFT project, Melania. Both appear to be linked to the same team, who allegedly engaged in some seriously shady practices. The Libra Crash and Burn Libra, a cryptocurrency supposedly designed to boost Argentina’s economy, enjoyed a brief moment of…
A Washington think tank, the Atlantic Council, suggests that stablecoins might actually help the US dollar maintain its global dominance. Stablecoins: A Small but Growing Force While the $227 billion stablecoin market is small compared to the overall US capital markets ($6.22 trillion) and the entire crypto market ($3.39 trillion), it’s growing fast. If this…
Libra’s Controversial Launch Hayden Davis, a co-founder of the short-lived memecoin Libra, admitted that wallets connected to the project engaged in “sniping” – using bots to buy the coin before its public launch. This tactic, common in crypto trading, aims to capitalize on the price increase expected when other investors jump in. Davis’s Justification Davis…
Bitwise CEO Hunter Horsley is incredibly bullish on Bitcoin’s future, predicting a massive breakthrough in 2025. He shared seven reasons for his optimism on X (formerly Twitter): Seven Reasons for Bitcoin’s 2025 Boom Horsley expects a surge in Bitcoin investment from various sources: More Bitcoin ETFs: Increased investment through exchange-traded funds. Corporate Buying Spree: Companies…
FTX is finally starting to pay back its creditors – over two years after it went bankrupt! The first payments are going out today, February 18th, to smaller creditors (those owed $50,000 or less). This initial payout totals around $1.2 billion, including interest. The Payout Breakdown and Market Impact Larger creditors will have to wait…
A seasoned market analyst, CRYPTO₿IRB, predicts that Bitcoin might see one final significant drop before skyrocketing to a price exceeding $273,000. Here’s a breakdown of his reasoning: Bull Market Indicators CRYPTO₿IRB points to several positive long-term trends suggesting a bullish market: Moving Averages: Both the 200-week and 50-week moving averages are climbing, indicating a positive…
A small Hong Kong company, HK Asia Holdings, made headlines recently. They bought just one Bitcoin, and their stock price exploded! A Single Bitcoin, a Massive Stock Jump On February 13th, HK Asia Holdings announced their symbolic Bitcoin purchase. Between February 13th and 17th, their stock price skyrocketed by a whopping 93%! It hit 5.50…
Bitcoin’s been unusually calm lately, trading between $91,000 and $109,000 since November 2024. This low volatility could mean a big price swing is coming – either up or down. With some positive market sentiment (thanks partly to friendlier crypto regulations), a Bitcoin surge seems likely, and when Bitcoin moves, other cryptos often follow. Here are…
