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Bitcoin’s mining power, or hashrate, is almost back to its highest ever level! This is great news for the Bitcoin network. What is Hashrate? Hashrate measures the total computing power used by Bitcoin miners. A higher hashrate means more miners are participating, or existing miners are expanding their operations. It’s a good indicator of how…
Ukraine is getting ready to join the crypto world! Lawmakers are working on a bill to legalize cryptocurrencies, aiming for a launch in early 2025. No Tax Breaks for Crypto While the legalization is happening, don’t expect any special tax treatment for your digital assets. The plan is to tax crypto profits the same way…
A Spokane man, Michael Joseph McElhiney, is going to prison for running a crypto investment scam. He defrauded investors out of over $350,000. How the Scam Worked McElhiney created a fake crypto investment fund called MAC Blockchain Solutions. He posed as an experienced investor, promising huge returns on investments in various cryptocurrencies. He made it…
Vancouver City Council just took a big step into the world of cryptocurrency. They’ve approved a plan to look into using Bitcoin for city finances. Bitcoin for Taxes and Reserves? The plan, spearheaded by Mayor Ken Sim, aims to see if Bitcoin could be used to pay city taxes and fees, and even if a…
Coinbase, a major US cryptocurrency exchange, is predicted to surpass Charles Schwab as the world’s most valuable brokerage firm. This bold prediction comes from Bitwise Asset Management, a crypto investment firm. Coinbase’s Projected Rise Bitwise forecasts Coinbase’s stock price (COIN) to reach $700 per share by 2025. This is more than double its current price,…
Crypto analyst Benjamin Cowen is predicting that Bitcoin’s next price surge won’t be as dramatic as the last one. He shared his analysis with his over 800,000 YouTube followers. Diminishing Returns for Bitcoin? Cowen points out that Bitcoin’s return on investment (ROI) is already showing signs of slowing down. He compared the current cycle’s ROI…
A popular crypto analyst, known as Bluntz, is forecasting significant price increases for Chainlink (LINK) and the memecoin Pepe (PEPE). Bluntz boasts a large following on X (formerly Twitter). Chainlink’s Potential Surge Bluntz, using the Elliott Wave theory, believes Chainlink is poised for a substantial rally. He points to a completed ABC correction on the…
Investing legend Ray Dalio is betting big on gold and Bitcoin. He believes a looming global debt crisis makes them safer bets than traditional assets. A Looming Debt Crisis? Dalio, founder of Bridgewater Associates, recently spoke in the UAE. He highlighted massive debt levels in the US, China, and most major economies (except Germany). He…
A top investment guy, Tom Dunleavy, predicts some huge gains for major cryptocurrencies by the end of 2025. He’s the Chief Investment Officer at MV Global, a big player in the blockchain world, with investments in companies like Coinbase and Kraken. The Bold Predictions Dunleavy’s forecast is pretty bullish: Bitcoin (BTC): $250,000 Ethereum (ETH): $12,000…
XRP has been showing some serious strength lately, even after its recent dip from its almost seven-year high of over $2.80 (reached on December 3rd). Interestingly, a technical analysis pattern suggests this dip was just a temporary setback. The ABC Pattern: A Sign of Things to Come? Crypto analyst Dark Defender sees an “ABC corrective…
