Bitcoin is expected to undergo a significant correction that may make traders believe a new bear market has started, according to crypto strategist Rekt Capital, who remains optimistic about the long-term prospects of the cryptocurrency.
UMA, an altcoin, gained over 200% in value after teasing the launch of a new crypto solution designed to reclaim lost money from lending protocols.
The perception of Bitcoin as a safe haven asset creates a price floor for the cryptocurrency, according to the president and CEO of Franklin Templeton, Jenny Johnson.
The transaction count on Shiba Inu's layer-2 blockchain, Shibarium, is approaching 300 million, reflecting a surge of over 9,000% in transaction volume within four months, despite a recent decrease in daily transfers; meanwhile, the SHIB token has experienced a 2.3% uptick in the last 24 hours, suggesting a potential breakout.
Oasys is a gaming-focused blockchain network that features a two-layer system, including a public layer-1 blockchain called the "Hub layer" and an Ethereum-compatible layer-2 scaling solution called the "Verse layer," offering faster transaction speeds and instant transaction approval for gamers. Prominent game publishers like Ubisoft and Bandai Namco have already adopted Oasys for their blockchain elements, positioning it as a competitor to other gaming-focused chains.
Hackers launched a DDoS attack on HTX, the crypto exchange formerly known as Huobi, causing a temporary outage, but all user funds remained safe.
The recent approval of bitcoin ETFs by the SEC has sparked debate within the cryptocurrency community, with some arguing that it goes against the decentralized nature of bitcoin, while others believe it strengthens the case for bitcoin as a store of value and offers accessibility to a wider range of investors. Ultimately, a bitcoin ETF can help solve the liquidity issue and allow average individuals to contribute to bitcoin's liquidity and use it as a lifeline.
An Ethereum whale known as 0xfb2 has resurfaced to make a substantial investment of $5.8 million in the Shiba Inu (SHIB) cryptocurrency, while Robinhood has also increased its holdings of SHIB, leading to speculation about the impact on the token in the future.
Crypto analyst Kevin Svenson believes that Bitcoin may be nearing a new all-time high, as past patterns show that the S&P 500 index often precedes Bitcoin's price surges.
Vanguard Group, with its conservative approach to investing, has faced backlash and calls for boycott after refusing to offer Bitcoin exchange-traded funds, sticking to its founder's philosophy of avoiding commodities and speculation. Despite the uproar, Vanguard's loyal customer base and massive inflows of cash suggest that the boycott movement is unlikely to have a significant impact on the company's business.
This comprehensive guide provides information on how to earn passive income by staking MemeCoins, emphasizing the importance of researching and selecting the right project, setting up a compatible wallet, and monitoring rewards while being aware of the risks involved.
Denver pastor Eli Regalado and his wife Kaitlyn are being sued for securities fraud after allegedly pocketing $1.3 million by selling worthless crypto coins, INDXcoins, to their church members on the Kingdom of Wealth exchange platform they set up and falsely claimed were 'God-backed'.
Elon Musk's artificial intelligence venture, xAI, has raised $500 million in new funding, reaching a potential valuation of $15 to $20 billion, as Musk continues to push for the development of generative AI and expresses concerns about the impact of AI on humanity.
Shiba Inu experiences a surge in whale transactions, long positions in cryptocurrencies are liquidated, Donald Trump opposes the creation of Central Bank Digital Currencies, an analyst predicts a significant rise for Dogecoin, and Edward Snowden pokes fun at JP Morgan's CEO over his Bitcoin comments.
Bitcoin's retreat and negative sentiment from JPMorgan Chase CEO Jamie Dimon contributed to a tough week for cryptocurrency-linked stocks, while traditional financial stocks saw modest gains during earnings season.
The Indian government is still deliberating on a mechanism to regulate cryptocurrencies, according to the Centre, and has requested more time to provide an update on the matter to the Supreme Court.
The price of SatoshiVM's token surged over 100x after its launch, resulting in significant profits for early investors, but caution is advised due to potential token allocations to influencers and selling activities that have impacted its price.
Crypto analyst Altcoin Sherpa remains bullish on the altcoin Internet Computer (ICP), citing a bullish demand zone and the 200-day EMA as potential support; meanwhile, he expects Chainlink (LINK) to consolidate before another upward move.
MicroStrategy, an enterprise software company, has become a Bitcoin proxy stock due to its large holdings of the cryptocurrency, making it a potential beneficiary of future Bitcoin gains; however, the recent approval of Bitcoin ETFs and the selling off of shares by former CEO Michael Saylor have raised concerns about its appeal to investors.
MicroStrategy, an enterprise software company, holds a significant amount of Bitcoin on its balance sheet, making it a potential beneficiary of future Bitcoin gains, although the approval of Bitcoin ETFs may decrease its appeal to investors.
Former U.S. President Donald Trump opposes the creation of a U.S. central bank digital currency (CBDC) due to concerns about government control over people's money, despite expanding his non-fungible token (NFT) collection on the bitcoin network.
BlackRock's iShares Bitcoin Trust (IBIT) has attracted over $1 billion in inflows, making it the leading spot bitcoin exchange-traded fund (ETF) after just one week of trading, while the Grayscale Bitcoin Trust ETF (GBTC) remains the largest with $23.7 billion in assets, according to CFRA data.
The launch of spot Bitcoin ETFs has led to a drop in the price of Bitcoin and other cryptocurrencies, as investors cash out their gains from the initial hype. Additionally, the delay in the approval of spot Ethereum ETFs has contributed to a dip in Ethereum's value.
The worsening quality of ads on X, formerly known as Twitter, is a direct consequence of the exodus of large advertisers from the platform, leading to an increase in low-quality ads promoting questionable content such as AI "undressing" apps and dubious crypto services, which could potentially put users at risk.
Cardano (ADA) is potentially poised for a significant surge, similar to its previous explosive growth in 2020, according to cryptocurrency analyst Ali Martinez, who suggests a potential target of $7, with a correction of around 25% along the way; meanwhile, Martinez is bearish on XRP, predicting a potential drop of over 30% to $0.34.
Investors in meme coin Shiba Inu who invested $1000 in August 2020 have managed to maintain their millionaire status despite the current market decline, with their investment now worth $9 million, representing a 907,599.52% return on investment over three and a half years.
Bitcoin flashing its first ever 'Golden Cross' signal on the weekly timeframe could lead to increased optimism and a potential reversal of current price corrections, while Galaxy Fox's ongoing presale has raised nearly $3 million, driven by the popularity of GameFi and memecoins in the current bull market.
Bullish price targets for Bitcoin, including a $1.5 million forecast from Cathie Wood, have emerged, but while extrapolating past performance or comparing market sizes may support these estimates, it is unlikely that Bitcoin will reach $1 million anytime soon.
Billionaire Elon Musk expressed surprise after Cathie Wood pointed out that Bitcoin is "backed by the largest computer network" in the world, with Wood highlighting that Bitcoin's network is larger than the combined networks of major cloud computing players.
Bitcoin analyst Kevin Svenson predicts that if the S&P 500 index breaks its all-time high, Bitcoin is likely to follow suit within four months, indicating the start of a bull market.
Shiba Inu (SHIB) is experiencing renewed optimism as forecasts suggest it could potentially reach $0.04 between 2030 and 2040, infusing hope in the community despite its significant downturn since its peak in October 2021.
Crypto analytics firm Santiment reports that Bitcoin, Ethereum, and XRP have 83%, 84%, and 81% of their supplies in profit, putting them at high-risk profit levels.
Cryptocurrency is compared to Beanie Babies by a Coinbase lawyer in court, arguing against classifying it as securities.
Franklin Templeton CEO highlights the demand for Bitcoin and its potential as an investment opportunity, while legal experts believe Coinbase has a strong chance of winning its legal battle against the SEC.
Grayscale's Bitcoin Trust (GBTC) has experienced significant outflows, with over $2.2 billion leaving the fund in the last five days, causing the price of Bitcoin to drop, as traders cash out their positions after being locked into the fund and due to GBTC's high fees compared to competitor ETFs.
Coinbase has a 70% chance of winning its motion to dismiss all claims made by the SEC in its legal battle, according to legal experts, as the crypto exchange argues that the tokens involved do not meet the definition of an investment contract and thus should not be considered securities.
Litecoin (LTC) has seen a surge in value and has become the leading crypto network for payments, with nearly 40% of all blockchain-based transactions taking place on its network, driving investor interest in the token and suggesting strong fundamentals for future growth.
Brazil's main stock exchange, B3, will introduce night trading sessions featuring Bitcoin ETFs and Ibovespa futures in response to increased demand from individual investors, reflecting a broader shift in Brazil's approach to financial markets.
FTX Trading Ltd. Founder Sam Bankman-Fried, once a financial genius, is now trading canned mackerels, the alternative currency in the federal penitentiary where he is serving time, highlighting the existence of microeconomies even where legal tender is not allowed.
Investors have poured at least $1.9 billion into bitcoin ETFs in their first three days of trading, with expectations of up to $100 billion flowing into bitcoin funds by the end of the year, despite some skepticism from finance columnist Jeff Sommer.
Franklin Templeton President and CEO Jenny Johnson remains bullish on blockchain despite previously calling Bitcoin a distraction, stating that the demand for Bitcoin ETFs highlights the interest in Bitcoin and the potential of blockchain technology for investment opportunities. Johnson also mentioned that the fear of oppressive governments and the complexity of managing private keys make Bitcoin ETFs an attractive option for investors.
The Ronin blockchain's official crypto wallet, developed by Sky Mavis, now supports multiple blockchains, including Ethereum, Polygon, and Binance's BNB Chain, offering improved security and a new visual design.
Decentralized Finance (DeFi) is set to undergo transformative developments, including the integration of mobile technology by Trader Joe, the introduction of a product by UMA to mitigate value losses, and the launch of an EVM-compatible Bitcoin Layer 2 solution by Conflux Network, all of which will enhance the functionality and reach of the DeFi ecosystem.
Both gold and crypto lack intrinsic value and their price appreciation is driven by limited supply, according to billionaire investor Howard Marks.
Franklin Templeton's Digital Asset team had fun celebrating the approval of their spot Bitcoin ETF by giving Benjamin Franklin a laser eye on Twitter, and the firm is now focused on expanding their digital asset offerings and reaching new investors.
Gaming-focused blockchain network Saga will offer play-to-airdrop rewards in collaboration with games on major blockchains like Solana, Avalanche, and Polygon, allowing players to potentially claim a portion of the upcoming SAGA token launch.
A crypto whale has made a significant investment in Chainlink (LINK) during a price drop, signaling confidence in the cryptocurrency's future and potentially leading to an upward trajectory.
Fidelity's plan to launch an Ethereum exchange-traded fund (ETF) has been delayed by the SEC, but experts predict that approval for spot Ethereum ETFs may come soon, following the recent approval of spot Bitcoin ETFs.
A phishing scam is impersonating reporters and using fake Calendly links to trick users into sharing their Discord credentials for a wallet-draining scam in the cryptocurrency industry.
Bitcoin (BTC) and major altcoins are experiencing a decline in value as investors cash out their gains following the approval of spot BTC exchange traded funds (ETFs).