Bitcoin’s Dominance Bitcoin maximalist Max Keiser predicts a grim future for Ethereum, claiming it will plummet in value compared to Bitcoin. He believes Ethereum lacks Bitcoin’s key advantages: Commodity Status: Bitcoin is recognized as a commodity in many countries, while Ethereum is often classified as a security. Decentralization: Keiser argues that Ethereum is not as…
Criminal Trial In a landmark case, a Chinese college student named Yang Qichao has been sentenced to 4.5 years in prison and fined $41,000 for creating and selling a cryptocurrency called BFF. This is the first criminal trial in China involving the issuance of a virtual currency. The Incident In May 2022, Yang Qichao created…
Bitcoin (BTC) has shown signs of “speculative activity” after a period of consolidation, according to crypto analytics firm Glassnode. New Buyers and Investors Glassnode reports that new buyers and investors who have held BTC for six months to three years are holding unrealized profits. This suggests that the market is entering an early “euphoric phase”…
Cryptocurrency analyst Jason Pizzino predicts a significant move is coming for Bitcoin (BTC) and other crypto assets. Bitcoin’s Bullish Outlook According to Pizzino, Bitcoin has recently experienced a period of low volatility, which often precedes a major price movement. He believes the next move for Bitcoin is likely to be upwards. “We’ve seen one of…
Market Cap Surge to $10 Billion Crypto analyst Kaleo believes that Floki (FLOKI), a Dogecoin rival, is poised for further significant growth. He predicts that the coin’s market cap could soar to $10 billion, more than three times its current value. Cup-and-Handle Pattern Kaleo cites the formation of a bullish cup-and-handle pattern as a technical…
A renowned cryptocurrency analyst, Bluntz, has forecasted a significant rally for BNB, the utility token of the BNB Chain. Bluntz believes BNB will reach $1,000 or higher, representing a 71% gain from its current price of $700. Bluntz’s analysis suggests a five-wave pattern, where BNB could potentially reach $1,200. The analyst’s prediction is based on…
The recent halving of Bitcoin rewards has sent shockwaves through the crypto mining industry. With daily revenue plummeting by over 70%, miners are scrambling for new ways to stay afloat. AI: A New Frontier Enter Artificial Intelligence (AI). Buoyed by the success of ChatGPT, AI computing is experiencing a surge in demand. This, coupled with…
Inflows and Price Action US Bitcoin ETFs have seen a surge of inflows, with a record 17 consecutive days of net additions. However, despite these inflows, the Bitcoin price has remained relatively stable, moving from $68,000 to $71,000 this week. Carry Trade Strategy Some analysts suggest that a carry trade strategy may be influencing the…
Argentina’s embrace of blockchain technology took a significant step forward this week with the Cardano Foundation’s partnership with Entre Ríos, a central province. Argentina’s Crypto Potential This alliance signals a turning point for both parties. Cardano aims to establish itself in Argentina’s vibrant crypto scene, while Entre Ríos seeks expertise in blockchain adoption. The Cardano-Entre…
Robinhood is making a big move to expand its crypto offerings by acquiring Bitstamp, a global crypto exchange. Global Expansion Robinhood’s purchase of Bitstamp will allow it to reach customers outside the US. Bitstamp has offices and licenses worldwide, providing Robinhood with a foothold in new markets. Institutional Focus Bitstamp’s institutional offerings, such as lending…
