OKX, a major player in the global crypto trading market, is facing scrutiny in South Korea. The Digital Asset Exchange Alliance (DAXA), which includes South Korea’s leading five crypto exchanges, has filed a complaint with local regulatory bodies, alleging that OKX has engaged in activities within South Korea without legal registration. OKX Under Scrutiny Reports…
A crypto analyst, Ted, is optimistic about Bitcoin’s future, predicting a “supply shock of all supply shocks” when the network halves its miner rewards in April 2024. Bitcoin Halving Event Ted believes that BTC prices will surge after the Bitcoin halving event in April 2024. This event, scheduled every four years, reduces the number of…
The United States Securities and Exchange Commission (SEC) has been ramping up its regulation of the emerging crypto market and Decentralized Finance (DeFi) sectors. The regulatory body recently passed new rules that require certain entities to register as “dealers” or “government securities dealers.” SEC Chair Gary Gensler believes these measures will protect investors and improve…
Why the Bitcoin Halving Could Be Important Ki Young Ju, CEO of CryptoQuant, recently discussed the behavior of US-based Bitcoin miners in the lead-up to the upcoming halving. The halving is a periodic event where Bitcoin’s block rewards are permanently cut in half. It occurs every four years, with the next one estimated to happen…
Overview Ethereum (ETH) has made significant progress in its 2024 roadmap with the successful launch of the Dencun upgrade on the final Holesky testnet. This crucial step brings Ethereum closer to deploying the upgrade on the mainnet, signaling its commitment to improving transaction efficiency, scalability, and reducing transaction fees by up to 90%. Dencun Upgrade…
Significant LINK Purchases Reported A mysterious entity, possibly a crypto whale or institution, has been aggressively accumulating Chainlink (LINK), the native token of the decentralized oracle network. This information was revealed by Lookonchain, a blockchain tracker. Binance Withdrawals Lookonchain observed that 47 new wallets withdrew a total of 2,237,504 LINK, valued at $42.38 million, from…
Wallet Count Soaring Santiment, a leading crypto analytics firm, has reported a surge in the number of wallets holding Dogecoin (DOGE). According to the firm, the count of DOGE wallets is growing at the fastest rate in the history of the memecoin. Despite a 23% decline in DOGE’s value since its peak on December 9th,…
Consumer Spending Strong, No Need for Recession Talk Steve Eisman, the investor known for his short positions against the housing market before the 2008 crisis, believes that cutting interest rates now would be a mistake. In a CNBC interview, Eisman emphasized the strength of the US economy, driven by healthy consumer spending. He sees no…
Historical Data Points to Pre-Halving Rally Phase Pseudonymous analyst Rekt Capital believes Bitcoin (BTC) could start its pre-halving rally next week. Rekt Capital analyzed historical data and identified five stages in Bitcoin’s price action based on halving events. The next halving is scheduled for April, and Rekt Capital believes Bitcoin is transitioning from pre-halving retracement…
Bitcoin has been stuck in a sideways trend since mid-January, but a breakout could be just around the corner. The Bollinger Band Width (BBW) indicator suggests that the market is about to experience a period of high volatility. What is the BBW? The BBW is a technical indicator that measures the volatility of an asset….
