Alleged Circular Debunked Reports of a circular from the Central Bank of Nigeria (CBN) banning crypto transactions and freezing accounts have been circulating. However, the CBN has confirmed that these reports are false. Guidelines Still in Place Despite the fake circular, the CBN’s guidelines from December 2023 remain in effect. Banks and other financial institutions…
After the recent “Halving” event, Bitcoin’s inflation rate has plummeted below that of gold, making it the scarcest asset in history. Halving and Inflation Rate Every four years, Bitcoin undergoes a “Halving” where the block rewards given to miners are cut in half. This event reduces the rate at which new Bitcoins are created, thereby…
Crypto experts are divided on whether Dogecoin (DOGE) can reach $1. Why Some Experts Are Skeptical Pav Hundal, an analyst at Swyftx, believes it’s a risky bet. He points out that many DOGE holders bought it in 2021 at a much higher price. As the price has fallen, these holders are now underwater and waiting…
Milestone Reached The Ethereum ecosystem is thriving, with over 10 million wallets actively engaging with the mainnet and layer-2 solutions like Base, Optimism, and Arbitrum. This milestone is thanks to the successful Dencun Upgrade in March 2024. Dencun’s Impact Dencun addressed scalability and gas fee challenges by introducing “blobs,” a new transaction type that stores…
Core (CORE) Crypto analyst Altcoin Sherpa believes Core, a layer-1 altcoin, is poised for significant gains in 2024. He notes its strong performance in recovering from recent losses and recommends buying around $2.20 for a potential dip. Near (NEAR) Altcoin Sherpa predicts a pullback in Near to below $6.50 before a rally to his target…
Solana’s Bullish Pattern Analyst Bluntz believes Solana (SOL) is poised for a significant upward surge. The chart suggests a bullish pattern with higher lows, indicating a potential breakout. Elliott Wave Theory Support Bluntz uses Elliott Wave theory, which predicts a fresh rally after a three-part ABC correction. SOL is believed to have completed this correction…
Whale Purchases Major crypto investors, known as whales, have been actively buying Ethereum (ETH) recently. According to the crypto tracker Lookonchain, several large withdrawals of ETH from Binance have occurred in the past few days. Significant Transactions A whale wallet, possibly belonging to Tron founder Justin Sun, withdrew 4,666 ETH ($14.91 million) from Binance on…
Crypto analyst Kevin Svenson believes Bitcoin (BTC) is gearing up for its final surge in a parabolic trend that could push prices close to $100,000. Base Four Breakout Svenson explains that Bitcoin is currently in “base four” and a breakout to a new high could trigger a rally towards $90,000. This would be a significant…
After a rocky start, Bitcoin has rebounded and is now hovering around $66,000. Crypto analysts are predicting a bright future for the coin, with some suggesting it could hit $100,000 soon. Rally to $100,000 Captain Faibik, a crypto analyst, believes Bitcoin has found support at $60,000 and is now on its way back up. He…
Tesla’s Financial Slowdown Tesla has hit a rough patch financially, with revenue dropping 15% and earnings plunging almost 50% in the first quarter of 2024. This is the first time the company has reported a negative cash flow since early 2020. Tesla’s Bitcoin Strategy Despite the financial challenges, Tesla has surprised everyone by holding onto…
