Bitcoin is nearing the $50,000 mark after a week of bullish price action, a level not seen since December 2021. This surge has resulted in over 90% of Bitcoin addresses being in profit. 91% of Bitcoin Addresses Now Profitable as Price Nears $50,000 Bitcoin’s price action has been eventful, with a recent 14.4% growth to…
The Menace of Counterfeit Drugs The pharmaceutical industry grapples with the persistent issue of counterfeit medicines, posing significant health risks and financial losses. According to Goldstein Market Intelligence, the estimated impact of counterfeit medicines this year is a staggering $5.3 billion. Substandard drugs result in a shocking 500,000 deaths annually in sub-Saharan Africa alone, with…
At the Bloomberg New Economy Forum, Hilary Clinton and Mike Novogratz, CEO of Galaxy Digital, engaged in a heated debate about the future of the US dollar and the potential role of Bitcoin in de-dollarization. Clinton’s Concerns Clinton expressed concern that Bitcoin’s rise could undermine the dollar’s status as a reserve currency, citing its influence…
Compromised Deployer Address On February 9th, Cyvers Alert reported suspicious transactions on PlayDapp’s network. An unauthorized entity gained access to the deployer address, allowing them to mint 200 million PLA tokens worth $31 million. The stolen assets were distributed to various addresses, including $5.9 million worth of PLA deposited on Gate.io exchange. PlayDapp’s Response PlayDapp…
Federal Investigation Finds Bank Engaged in Redlining Practices The US Justice Department and the state of North Carolina have reached a settlement with a major US bank to resolve allegations that the lender discriminated against minority communities for years. In a press release, the Justice Department says First National Bank of Pennsylvania (FNB) redlined predominantly…
Crypto Analyst Jason Pizzino Expresses Concern Crypto analyst Jason Pizzino recently shared his concerns about the sustainability of Bitcoin’s (BTC) current rally. In a video update, he pointed out that Google searches for the term “Bitcoin” have been declining, which could indicate waning interest in the flagship digital asset. Correlation Between Google Searches and Bitcoin’s…
Elections and Stimulus Former Goldman Sachs executive Raoul Pal believes that the upcoming elections and stimulus packages in the US and around the world will have a positive impact on the crypto industry. Pal explained that politicians tend to distribute stimulus packages during elections, leading to higher inflation and increased prices for digital assets. China,…
A leading crypto analytics firm, Santiment, is cautioning that the digital asset markets may soon experience a corrective move. Altcoin Interest Spikes Santiment observed a surge in interest in altcoins on social media platforms during the recent market rally. Mentions of “alt,” “altcoins,” and “altcoin” spiked towards the end of last week, indicating growing excitement…
Analyst Adam Back’s Prediction Crypto analyst Adam Back predicts that Bitcoin (BTC) could hit $100,000 before the halving event in April. This is based on Bitcoin’s historical price data, which shows that it took 41 days for BTC to reach its previous ATH of $69,045 after crossing the $47,000 mark in October 2021. Dual Bull…
Shiba Inu Breaks Out of Downtrend Shiba Inu (SHIB), the popular meme token, recently broke out of a downtrend that had lasted since December 2023. This breakout suggests a potential for significant gains in the coming months. Historical Data and Past Performance Analyzing SHIB’s price movement in 2023 reveals a pattern of downtrends followed by…
