Bitcoin is inching closer to a major breakout, according to a popular crypto analyst. Rekt Capital, a well-known trader with over 500,000 followers on X (formerly Twitter), believes that Bitcoin is just one day away from breaking out of a seven-month trading range. One Day Closer to a Breakout Rekt Capital highlights that Bitcoin has…
The US Securities and Exchange Commission (SEC) has given the go-ahead for Bitcoin (BTC) options exchange-traded funds (ETFs) to be listed on two major US exchanges: the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE). SEC Approves NYSE and CBOE Bids The SEC says it’s approving the applications from NYSE and…
Sam Altman’s crypto project, Worldcoin, is getting a fresh look. The project, which uses eye-scanning technology to verify people’s identities, is now called World Network. Why the Name Change? The team says the old name “Worldcoin” didn’t fully capture their goal: to create a system where everyone in the world can prove they’re human online….
Shiba Inu (SHIB) was a hot topic in 2021, but its hype has cooled down. While it was initially seen as a fun alternative to Dogecoin, SHIB’s growth is now facing challenges. Why Shiba Inu Might Be Stalling Too Many Competitors: New crypto projects are popping up all the time, drawing attention and investment away…
The BRICS nations (Brazil, Russia, India, China, and South Africa) are looking to ditch the Western financial system and embrace digital currencies. Putin’s Crypto Push During a recent business forum in Moscow, Russian President Vladimir Putin urged BRICS members to adopt cryptocurrencies and other digital money. He believes that this move would reduce their reliance…
Bitcoin is booming! The number of people who are millionaires thanks to Bitcoin has skyrocketed. In fact, almost half of all crypto millionaires made their fortune through Bitcoin. More Millionaires Than Ever The number of people holding at least $1 million in crypto has exploded in the past year, with a whopping 95% increase. This…
Bitcoin is back in the driver’s seat! It’s been on a tear lately, almost reaching its all-time high. In fact, Bitcoin now controls a whopping 65% of the entire crypto market, its biggest share in three years. This means altcoins, like Ethereum, are taking a backseat. What’s driving Bitcoin’s dominance? A lot of it is…
The US banking system has suffered another blow, with regulators shutting down a bank in Oklahoma. This marks the second bank failure of 2024, following the collapse of Philadelphia-based Republic Bank earlier this year. What Went Wrong? The First National Bank of Lindsay was closed by the Office of the Comptroller of the Currency (OCC)…
Memecoins on the Rise, But Experts Warn of Potential Dip Dogecoin (DOGE) and Shiba Inu (SHIB) are seeing a surge in popularity, with more people talking about them than in the last five months. This excitement is fueled by fear of missing out (FOMO), as traders jump on the bandwagon hoping to cash in on…
Analyst Warns of Potential Bitcoin Correction A well-known crypto analyst is urging investors to be cautious about Bitcoin’s recent surge, even though it’s pushing past $68,000. Justin Bennett, a popular crypto strategist, says Bitcoin is showing mixed signals, despite the potential for new all-time highs. Futures-Driven Rally Bennett points out that the current rally is…
