SkyBridge Capital founder Anthony Scaramucci believes President Biden will favor the crypto industry, even if it goes against the wishes of SEC Chair Gary Gensler. Biden’s Softening Stance Scaramucci suggests that Biden is becoming more open to Bitcoin and cryptocurrencies after the approval of spot Ethereum ETFs. He argues that Biden may lose votes if…
Former BitMEX co-founder Arthur Hayes believes that central banks’ recent policy shifts will send cryptocurrencies soaring. Interest Rate Cuts The Bank of Canada and the European Central Bank have both lowered interest rates, signaling a potential global shift towards looser monetary policy. Hayes suggests that this could lead to a surge in risk assets, including…
Bullish Outlook for Bitcoin Bitcoin has a history of surging in price when major companies adopt it. As adoption grows and mainstream interest increases, several factors could trigger a “Godzilla candle” rally. GameStop’s Potential Impact Bitcoin supporter Samson Mow believes that GameStop adding Bitcoin to its treasury could be the next catalyst. GameStop has a…
Price Fluctuations Bitcoin recently dipped below $70,000, currently hovering around $69,204. Support Level Analysts believe Bitcoin is testing a crucial support level between $67,353 and $69,383. This level has seen significant buying activity, with nearly 2 million addresses purchasing BTC within this range. Analyst’s Perspective Crypto analyst Ali Martinez highlights the importance of this support…
Core Scientific, a major Bitcoin mining company, has turned down a $1 billion buyout offer from CoreWeave. Rejection Based on Undervaluation Core Scientific’s board believes the offer of $5.75 per share significantly undervalues the company’s potential. They are confident in their growth strategy and see the offer as a lowball attempt. Strategic Alliance with CoreWeave…
The Incident On Saturday, Gemholic, a project built on the zkSync blockchain, raised suspicions of a “rug pull.” A rug pull is a scam where developers suddenly abandon a project and steal investors’ funds. In April 2023, Gemholic accidentally locked 921 Ether (ETH) in a smart contract. After zkSync’s help, the funds were unlocked on…
GitHub Activity A layer-1 blockchain network, MultiversX (formerly Elrond), has surpassed Ethereum-based Decentraland to become the most active crypto gaming project in terms of development activity, according to data from analytics platform Santiment. MultiversX recorded 236.93 notable GitHub events, while Decentraland registered 150.4 events. Other notable projects in the top 5 include Immutable X (77.4…
Former President Donald Trump is now courting the digital asset industry, positioning himself as the “crypto president” to secure donations. Trump’s Previous Stance Despite initially expressing hostility towards cryptocurrencies, Trump has recently softened his stance. In 2018, he reportedly directed Treasury Secretary Steven Mnuchin to crack down on Bitcoin. However, in recent years, he has…
Saint Petersburg, Russia – A group of nations led by Russia and China are developing an “independent payments system” to reduce their reliance on the US dollar and avoid “external interference.” Putin’s Statement Russian President Vladimir Putin announced the initiative at the SPIEF 2024 Conference in Saint Petersburg. He emphasized the need to protect the…
Bakkt, a crypto marketplace backed by the owners of the New York Stock Exchange, is reportedly exploring a potential sale. Partnership with Crossover Markets Despite the sale rumors, Bakkt recently partnered with Crossover Markets to launch BakktX, an Electronic Communication Network (ECN) tailored for institutional investors. This move highlights Bakkt’s focus on expanding its capabilities…
