Bitcoin’s early days are coming back to life! Five old Bitcoin wallets, untouched since 2009, have suddenly woken up and moved a whopping 250 Bitcoin. That’s over $15 million in today’s money! Early Bird Gets the Bitcoin These wallets were connected to early Bitcoin miners, who received 50 Bitcoin each as a reward for verifying…
Cryptocurrency expert Benjamin Cowen believes that Ethereum’s price against Bitcoin (ETH/BTC) might be close to its lowest point. He’s basing this prediction on past price trends. Looking at the Past Cowen has noticed that the current price action of ETH/BTC resembles the price movements seen in 2016 and 2019. In both those years, Ethereum’s price…
A popular crypto analyst is predicting a big jump for a memecoin called Simon’s Cat (CAT). This cat-themed coin has already surged by almost 300% in just a month. Simon’s Cat: A Breakout in Sight? The analyst, known as Bluntz, believes CAT is about to break out of its current trading range. He says the…
Crypto analyst Kevin Svenson is predicting a big surge in Bitcoin’s price, based on a technical indicator he says is historically accurate. A Green Light for Bitcoin? Svenson, who has over 79,000 YouTube subscribers, is pointing to Bitcoin’s Relative Strength Index (RSI). This indicator helps traders understand whether an asset is overbought or oversold. According…
A crypto scammer named William Koo Ichioka has been sentenced to prison and fined $36 million for running a fraudulent investment scheme. The Scam Ichioka promised investors a 10% profit every 30 days on their investments in virtual assets. However, he used the money for his own personal expenses, including rent, jewelry, and fancy cars….
Bitcoin’s Rise and Shift in Adoption Bitcoin’s price has been on a tear, soaring over 124% in the past year. This surge has pushed Bitcoin’s dominance in the crypto market to 56%, surpassing nearly all other major investments. While the price action is impressive, the way people are using Bitcoin has changed. Initially, Bitcoin’s popularity…
The Bitcoin Coinbase Premium Gap has been acting a bit strange lately. This gap basically measures the difference between Bitcoin prices on Coinbase (US-based) and Binance (global). A Sudden Drop Recently, the gap has gone from positive to negative. This means that Bitcoin is trading at a lower price on Coinbase than on Binance. Why…
Why PayPal chose Solana over Ethereum for its stablecoin PayPal’s Vice President of Blockchain, Crypto, and Digital Currencies, Jose Fernandez da Ponte, recently revealed why the company chose Solana over Ethereum for its dollar-backed stablecoin, PYUSD. Solana’s Speed and Efficiency Ponte highlighted Ethereum’s inability to handle a high volume of transactions as a major drawback….
Ethereum is on a roll, gaining over 5% in the last day and almost 10% in the past week. The price has broken through a key resistance level, now acting as support, at $2,400, giving traders a lot of confidence. Big ETH Transfers: A Sign of Selling Pressure? However, there’s a bit of a wrinkle….
Major banks like JPMorgan Chase, Wells Fargo, and Bank of America are struggling with a growing wave of bad debt. The Federal Deposit Insurance Corporation (FDIC) reports that banks wrote off a record $21.3 billion in the second quarter of 2023, mostly due to people struggling to pay their credit card bills. Credit Card Delinquencies…
