The Securities and Exchange Commission (SEC) has officially closed its investigation into Robinhood, the popular trading app. This comes less than a year after the SEC issued a Wells Notice, a formal warning that an investigation was underway. Robinhood’s Response Robinhood CEO Vlad Tenev previously stated that the company had met with the SEC numerous…
Coinbase CEO Brian Armstrong sees memecoins as a sign of things to come – a future where almost everything is tokenized. Memecoins: A Glimpse into the Future? In a recent CNBC interview, Armstrong compared memecoins to a “canary in the coal mine,” suggesting they foreshadow a much larger trend: the tokenization of pretty much everything….
Bitcoin’s price is stuck in a tight range, and experts are predicting a potential drop. One analyst, Hamed_AZ on TradingView, thinks a fall to around $85,000 is the most likely scenario. The Bearish Case: Down to $85,000 Hamed_AZ sees Bitcoin continuing its sideways movement, unable to break out of its current consolidation zone. He points…
MicroStrategy, the business intelligence company, just bought another 20,356 Bitcoin (BTC)! A Massive Bitcoin Purchase This latest purchase brings their total BTC holdings to a whopping 499,096 Bitcoin. They paid about $1.99 billion for this batch, averaging $97,514 per Bitcoin. This purchase happened between February 18th and 23rd, according to an SEC filing. Currently, their…
Last week saw a massive $508 million exodus from crypto investment funds, according to CoinShares. This follows another $924 million outflow the week before, a stark contrast to the previous 18 weeks which saw a whopping $29 billion inflow. CoinShares points to general economic uncertainty as the likely culprit. Altcoins Shine While Bitcoin Bleeds While…
Dogecoin’s network activity has taken a significant dive recently, and that could mean trouble for its price. Let’s break down what’s happening. Dogecoin Activity Plummets Analyst Ali Martinez noticed a sharp drop in several key Dogecoin metrics, all pointing to lower network activity. These metrics haven’t been this low in months! Here’s what they track:…
A recent online discussion explored whether countries might try to create their own Bitcoin-like systems. The conversation centered around the idea of Reusable Proof-of-Work (RPoW) networks and whether a single dominant network would emerge. The Case for a Single Dominant Network One expert, a US Space Force Major and author, argued that a single, dominant…
Crypto analyst Jason Pizzino is predicting a big jump for Bitcoin (BTC). He believes the price could reach $136,000 by the beginning of next year. A Bullish Outlook Pizzino, who boasts a large YouTube following, bases his prediction on the current market cycle. He’s confident that Bitcoin is in a “right-translated cycle,” meaning the peak…
Mike Novogratz, CEO of Galaxy Digital, is urging world leaders to crack down on the Lazarus Group, the North Korean hacking outfit behind a massive cryptocurrency heist. He’s also rejecting calls for an Ethereum hard fork. A Billion-Dollar Crypto Heist The Lazarus Group recently stole roughly $1.4 billion worth of Ethereum (ETH) from the Bybit…
A popular cryptocurrency analyst believes Bitcoin (BTC) is still on an upward trend, despite recent bearish predictions. Holding Strong Above $90,000 The analyst, known as Cheds, points out that Bitcoin’s price staying above its support level of $90,000 is a very positive sign. He argues that as long as Bitcoin holds this level, the overall…
