Analyst Benjamin Cowen predicts an eventful April for the crypto market. Bitcoin Dominance and Volatility Cowen expects high volatility, particularly in altcoin pairs against Bitcoin. If Bitcoin dominance rises by 5 percentage points from its current level of 49.6%, it could signal a bearish market where altcoins lose value faster than Bitcoin. Peak Timing and…
Bitcoin has been on a roll lately, giving us all some Easter-like vibes. This surge has lifted the whole crypto market, with other coins seeing some sweet gains too. Bullish Predictions A crypto expert named Ali Martinez thinks Bitcoin is about to make another jump. He’s spotted an “inverse head-and-shoulders” pattern on the charts, which…
Halving Impact on Supply and Demand Bitwise CEO Hunter Horsley predicts that the upcoming Bitcoin halving in April 2024 will have a significant impact on supply and demand. During the halving, the block reward for miners is reduced by half, which leads to a decrease in the token’s supply. Horsley points out that the previous…
SEC’s Challenge to XRP Ruling Fox Business journalist Charles Gasparino warns XRP investors that the SEC may overturn the previous ruling that favored Ripple. If SEC Chair Gary Gensler classifies Ethereum as a security, it could lead to a reversal of the XRP ruling. Impact on XRP Investors Gasparino believes that if the SEC overturns…
Background Custodia Bank, a digital asset bank, sued the Federal Reserve (Fed) in 2022 after the Fed delayed a decision on granting them a master account. In January 2023, the Fed rejected Custodia’s application for both membership and a master account. Custodia’s Arguments Custodia argued that they needed a master account to access the Fed’s…
Enhanced Screening Process Binance is cracking down on US traders by implementing stricter screening measures. They’re working with prime brokers like FalconX and Hidden Road to verify the location of clients’ offices, founders, and employees. This move aims to ensure compliance with regulatory expectations and exclude US investors. Stricter Token Listing Requirements Beyond client screening,…
CFTC’s Aggressive Approach Raises Concerns The Commodity Futures Trading Commission (CFTC) recently filed a lawsuit against crypto exchange KuCoin, alleging violations of banking and anti-money laundering laws. However, Commissioner Caroline Pharm warns that this action may overstep the CFTC’s authority and undermine the Securities and Exchange Commission’s (SEC) jurisdiction over securities trading. CFTC’s Interpretation of…
Introduction Losing access to your crypto wallet can be a nightmare. Your seed phrase is the key to recovering your funds, so it’s crucial to know where it is and how to keep it safe. Understanding Seed Phrases A seed phrase is a random sequence of 12-24 words generated when you create a crypto wallet….
A state-owned bank in Ethiopia is scrambling to recover millions of dollars after a system update allowed customers to withdraw more money than they had in their accounts. Millions Drained in Hours The Commercial Bank of Ethiopia (CBE) reports that $14 million was withdrawn within hours as news of the malfunctioning system spread quickly among…
Bitcoin Cash (BCH) has witnessed a significant surge of over 37% in the past week, fueled by the anticipation of its upcoming halving event. Halving Date and Block Reward Reduction BCH’s halving is scheduled for April 3rd, as per NiceHash. This event occurs every four years, reducing the block reward by half. On April 3rd,…
