Bloomberg Intelligence’s senior macro strategist Mike McGlone is warning that Bitcoin (BTC) may run into strong headwinds this year. McGlone tells his 58,800 Twitter followers that a US economic recession is likely coming soon and it could drag down risk assets like Bitcoin and other cryptos. “Notably Negative Liquidity vs. Bouncing Bitcoin – Recessions typically …
Monthly archives: July 2023
Ethereum Whale Quietly Accumulates Over $1,000,000 Worth of Shiba Inu (SHIB) Competitor: On-Chain Data
An Ethereum (ETH) whale has accumulated more than $1 million worth of the Shiba Inu (SHIB) memecoin competitor Pepe (PEPE) in the past month, according to the blockchain tracker Lookonchain. Lookonchain notes that the pseudonymous trader OSF spent 141 ETH worth $261,000 to buy 173 billion PEPE earlier this week. Since June 14th, the whale …
The economics of Bitcoin halving: Understanding the effects on price and market sentiment
Discover how a reduction in supply affects the price of Bitcoin, and how market participants perceive and react to halving events in the dynamic cryptocurrency market. Overview Join us on social networks Bitcoin (BTC), the pioneering cryptocurrency that sparked a global revolution in digital assets, operates on a unique monetary policy. One of the defining …
Europe’s first spot Bitcoin ETF eyes 2023 debut after year-long delay
Jacob Asset Management got approval from the Guernsey financial regulator in October 2021 and was set to debut on Euronext Amsterdam Exchange in July 2022. News Join us on social networks Europe’s first spot Bitcoin (BTC) exchange-traded fund (ETF) is set to debut later this year after a long delay. The Bitcoin ETF by Jacobi Asset …
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Will Bitcoin catch up? BTC price was $40K when the dollar was previously this weak
Bitcoin has the chance to set off on a “parabolic curve” as the U.S. Dollar Index threatens to dive below 100, a popular trader says. Markets News Join us on social networks Bitcoin (BTC) may see a “parabolic curve” begin thanks to United States dollar weakness as the greenback falls to three-month lows. In a …
Telegram Wallet bot enables in-app payments in Bitcoin, USDT and TON
Wallet, a custodial wallet bot on Telegram, says that merchants should sort out for themselves whether their jurisdictions allow them to accept payments in crypto. News Join us on social networks The cryptocurrency payment industry continues to evolve with a new cryptocurrency payment option coming to crypto-friendly Telegram messenger. Wallet, a Telegram bot allowing users …
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WazirX Pumps 24% on CoinMarketCap. One To Watch Today?
WazirX, the native crypto of India’s leading cryptocurrency exchange, has pumped by more than 24% in the past 24 hours. Tradingview shows multiple green candles […] Go to Source
Can Threads dethrone Crypto Twitter? New report suggests not
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …
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Coinbase challenges SEC’s attempt to dismiss defenses, asserts lack of regulatory authority over crypto
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …
Do personal savings levels correlate with Bitcoin price increases?
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …
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Billionaire Tim Draper Doubles Down on $250,000 Bitcoin Prediction, Says Bureaucracy Holding BTC Down
Venture capitalist Tim Draper says he stands behind his prediction that Bitcoin (BTC) will hit $250,000, shifting his timeline to 2025. In a new Bloomberg interview, the billionaire says that he underestimated how the US government would crack down on crypto and impede the king crypto’s market cap growth. However, he still predicts Bitcoin will …
U.S. industry watchdogs oppose draft bill on crypto market structure
The group sent a detailed letter to the U.S. House Financial Services Committee accusing the crypto market of seeking favorable legislation under the guise of crypto innovation. News Join us on social networks An alliance of industry watchdogs based in the United States has united to express opposition to a proposed draft bill on the …
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Binance Labs Invests $15 Million In Xterio Ecosystem For Game Development
Binance’s investment arm has committed $15 million to Web3 gaming startup Xterio. Xterio plans to use the funds for developing games and integrating artificial intelligence in its tech development. The Web3 gaming startup’s founding team includes experienced leaders from gaming giants like Electronic Arts and Activision. Binance Labs has invested a whopping $15 million in …
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JPMorgan Chase Suffers $1,100,000,000 Loss As Six US Banks Execute Massive Write-Offs: Report
The largest banks in the US are reportedly taking big hits to their bottom line as borrowers default on billions of dollars worth of loans. Citing data compiled by Bloomberg, the Financial Times says that JPMorgan Chase, Bank of America (BofA), Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley appear to have written off a …
If good UX is like driving auto, Web3 is ‘driving stick’ — UX designers
The high stakes of crypto applications mean developers often need to prioritize security — but that comes at the cost of poor user experience. News Join us on social networks The current state of Web3 user experience is akin to driving a manual transmission car — there’s more control, but most users will find it …
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