ETF Outflows: A Concern? The crypto market was surprised by significant outflows from Cathie Wood’s ARK 21Shares spot Bitcoin ETF (ARKB) on Tuesday. This marked the first time a “Newborn Nine” ETF had surpassed the outflows of Grayscale’s Bitcoin Trust (GBTC). Analysts are debating whether these outflows are a bearish signal for Bitcoin’s price or…
Google is taking legal action against a group of people accused of running a massive crypto scam. The Scam Since at least 2019, the scammers have allegedly created over 87 fake apps on Google Play. These apps pretended to be real investment and crypto trading platforms. The scammers used tactics like fake text messages, YouTube…
Irina Dilkinska, the former head of Legal and Compliance for OneCoin, has been sentenced to four years in prison for her role in the multi-billion dollar pyramid scheme. OneCoin: A Fraudulent Scheme Launched in 2014, OneCoin promised investors a revolutionary cryptocurrency. However, authorities allege that the project was a fraudulent scheme from the start, designed…
Shiba Inu’s price has taken a hit, falling below its support level. Here’s why: Bitcoin’s Influence The decline is partly due to Bitcoin’s price crash, triggered by outflows from Bitcoin ETFs. This has had a ripple effect on the altcoin market, including Shiba Inu. Over 14% Drop in a Week In the past week, Shiba…
Three-Phase Roadmap K9 Finance has outlined a comprehensive roadmap to enhance the DeFi landscape on Shibarium. Inspired by the evolution of canines, the roadmap progresses from resilience to strength and innovation. Phase 1: Hesper (Q2) Foundation testing and learning Focus on adaptability and foundational development Phase 2: Boro (Q3) Mainnet launch Showcases project robustness and…
Investment firm VanEck predicts that Ethereum Layer 2 (L2) solutions could reach a market cap of $1 trillion by 2030. L2s: Boosting Efficiency and Scalability L2s are designed to improve the efficiency and scalability of the Ethereum blockchain by processing transactions off the main network. This allows them to handle more transactions at a lower…
Bitcoin’s Halving History Bitcoin halvings occur every four years, reducing the reward miners receive for creating new blocks. These events have historically been pivotal moments for the cryptocurrency. Previous Halvings 2012: Bitcoin’s price surged from $11 to $1,110. 2016: Price rose from $650 to $19,500. 2020: Price climbed from $8,900 to $64,000. What to Expect…
A prominent crypto trader, known as Altcoin Sherpa, is optimistic about the blockchain gaming platform Gala (GALA). According to the analyst, GALA has potential support levels at $0.053 and $0.046, which could lead to a bounce. Bittensor: AI Leader with Long-Term Potential Altcoin Sherpa also believes in the long-term prospects of Bittensor (TAO), a decentralized…
The cross-chain messaging protocol Wormhole has launched its new token, W, with a market capitalization of nearly $3 billion. Major Exchanges List W Major crypto exchanges such as Binance, OKX, and Bitget have announced support for W. Airdrop Distributes Millions of Tokens An airdrop distributed 617.3 million W tokens to over 400,000 eligible wallets. Users…
Ethereum Analyst Ali Martinez warns of a “brutal scenario” for Ethereum (ETH). ETH has broken below support at $3,400, indicating a bearish trend. A bear pennant pattern suggests a potential decline of over 14% to $2,800. The $2,850 level may provide some support, but a further correction to lower levels is possible. Bitcoin Martinez also…
