A Russian court has frozen $372 million belonging to American banking giants JPMorgan Chase and BNY Mellon. This move comes after Russia accused Ukraine and the US banks of illegally taking property from a Russian bank. What Happened? The Moscow Region Arbitration Court froze the funds held by the US banks in their Russian branches….
Mark Cuban, the billionaire investor and Shark Tank star, is not happy with how the SEC is handling crypto regulation. He says the SEC Chair, Gary Gensler, is making it too difficult for crypto companies to operate and is creating a hostile environment. Gensler’s Approach: Regulation Through Litigation Cuban argues that Gensler is relying too…
Bitcoin is about to go on a wild ride, according to one economist. Henrik Zeberg, the head macro strategist at Swissblock, predicts a massive surge in Bitcoin’s price by the end of the year. Zeberg’s prediction: Bitcoin could reach between $115,000 and $123,000 by the end of 2023. This represents a potential 98% increase from…
Bitcoin’s price has been stuck in a rut lately, failing to build on its recent gains. It’s hovering around $62,000, which is a bit of a bummer for those hoping for a big jump. Short-Term Holders Feeling the Heat The problem? Short-term Bitcoin holders are feeling the pinch. They bought their Bitcoin at a higher…
Bitcoin ETFs Take a Hit The first week of October wasn’t great for Bitcoin ETFs. They lost over $300 million in investments, ending a three-week winning streak. This happened right after Bitcoin itself dropped over 6% in the first few days of the month. Why the Dip? The main reason for the dip was the…
Bitcoin is hanging around the $62,000 mark, pretty much stuck in the same spot for the past day. It’s been in a holding pattern since its small gains last Friday. While many investors are expecting a big jump in price by the end of 2024, there are a few things that need to happen first….
Bitcoin is making headlines again, and it’s not just about price fluctuations. Something big is happening: institutional investors are getting in on the action. Traditional Investors Are Embracing Bitcoin Think big banks, hedge funds, and other big players in the financial world. They’re starting to see Bitcoin as a legitimate investment, a way to diversify…
The crypto market took a hit recently, with Ethereum dropping from over $2,600 to around $2,300. This isn’t great news for Ethereum, which hasn’t been doing too well lately. Big Players Are Dumping Ethereum A crypto analyst on X noticed something interesting: big Ethereum investors, called “whales,” have been selling off their holdings. These whales…
Bitcoin has been stuck in a holding pattern recently, hovering around the $60,000 mark. While some folks are excited about a big rally in the near future, things might not be as rosy as they seem. Miners Selling Off Recent data shows that Bitcoin miners have been dumping a lot of their BTC, selling off…
Ethereum co-founder Vitalik Buterin has made headlines again, this time for donating a large sum of ETH to help the developers of Tornado Cash fight legal battles. This act of support comes shortly after Buterin sold off a bunch of memecoins he held. Buterin’s Memecoin Sale and Donation Buterin sold off a bunch of memecoins,…
