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The crypto world saw a slight increase in venture capital (VC) funding during the second quarter of 2024, but the number of deals actually went down. Funding Up, Deals Down Crypto startups received $2.7 billion in VC funding during the quarter, a 2.5% increase from the previous quarter. However, this represents a nearly 10% drop…
A new experiment funded by tech mogul Sam Altman has shown that people who receive free money tend to work less. The Experiment: The study, called “The Employment Effects of Guaranteed Income,” gave 1,000 low-income individuals $1,000 per month for three years, no strings attached. The Results: While the extra money helped participants with basic…
Cryptocurrency markets are stuck in a rut, according to popular analyst Benjamin Cowen. He believes that the Fed’s tight monetary policy is holding back the crypto market’s growth. Fed’s Tight Grip Cowen, who has a massive following on YouTube, says Bitcoin has been slowly declining since March due to the Fed’s reluctance to loosen its…
A crypto analyst, known as “Sensei,” is super bullish on Bitcoin and thinks it’s about to break out of a bear trap and skyrocket to $72,000. Sensei’s Predictions Sensei has been studying Bitcoin’s price charts and sees a pattern that suggests a big jump is coming. He believes that Bitcoin’s recent drop was actually a…
The crypto market has been on a bit of a rollercoaster lately, with Bitcoin hitting a new high in March. But something feels different this time around. Missing the Magic According to Pacman, a crypto expert, this cycle lacks the “transformative technologies” that usually drive adoption and excitement. Previous cycles saw things like: Initial Coin…
Ethereum gas fees, the cost of sending transactions on the network, have been dropping dramatically. This has some people worried. Fees Hit Rock Bottom The average gas fee has fallen to a ridiculously low 0.82 Gwei. This is the lowest it’s been in years. Why the sudden drop? It’s all about the number of transactions…
Ethereum is on the rise! After a dip and recovery last week, the second-largest cryptocurrency is up nearly 25% from its August lows. Ethereum’s Bullish Outlook If buyers keep pushing, and Ethereum closes above $2,600, it could signal a continuation of the upward trend, potentially pushing the price towards $3,300. Most Ethereum Holders Are in…
Bitcoin’s mining power, known as the hashrate, has been on a downward trend lately. This means that fewer miners are working on the Bitcoin network, possibly because they’re not making as much money. What is Hashrate? Hashrate is a measure of the total computing power used by Bitcoin miners. When hashrate goes up, it means…
Crypto analyst Altcoin Sherpa is urging caution despite Bitcoin’s recent surge above $60,000. He believes that Bitcoin is still in a bearish market structure, pointing to a pattern of lower highs and lower lows on the daily chart. “Even though everyone’s excited about the price jump, we need to remember that Bitcoin is still in…
A former SEC official is warning Morgan Stanley that its recent move to offer Bitcoin ETFs to clients could lead to a major regulatory headache. Morgan Stanley’s Bitcoin Bet Morgan Stanley has recently allowed its wealth advisors to pitch Bitcoin ETFs to their wealthy clients. This move has sparked criticism from John Reed Stark, a…
