The bulls seem to be back in control following the return of the Bitcoin price to above $43,000 this past week. This positive run comes on the back of a period where the premier cryptocurrency struggled, falling below $41,000 at some point. However, the market leader appears to have regained most of its lost momentum, …
Continue reading “Can Bitcoin Price Climb To $47,000? Here’s What This Crypto Analyst Thinks”
Billionaire Tim Draper is updating his outlook on Bitcoin (BTC), saying that the mass consolidation of crypto tech is coming to the flagship digital asset. In a new interview with Coin Bureau, the venture capitalist likens BTC to Microsoft, saying that it will serve as the main platform for developers within the industry to launch …
A top executive of a crypto asset management firm says that the company has sold its multi-million dollar claim in FTX’s bankruptcy. In a lengthy thread, Ikigai Asset Management chief investment officer Travis Kling tells his 98,100 followers on the social media platform X that the firm sold its $65 million claim in FTX’s bankruptcy …
JPMorgan Chase is accused of refusing to stand by a customer after a thief launched an alleged $1,500 unauthorized spending spree on Uber. A post shot to the top of the r/Chase community forum on Reddit this week as a woman said someone stole her debit card information and spent about $1,500 in 40 transactions. …
Decentralized finance (DeFi) protocol Curve Finance (CRV) says it will compensate users who sustained losses as a result of a massive security breach earlier this year. In late July, a vulnerability with the programming language Vyper 0.2.15 enabled hackers to exploit several liquidity pools on the platform, leading to losses of around $70 million. The …
It has been widely accepted that Bitcoin ETF applications have been the main driver for Bitcoin’s return to the April 2022 level at above $40k. The thesis is simple: with a new layer of institutional legitimacy, the capital pool for Bitcoin inflow would deepen. From hedge funds and commodity trading advisors (CTAs) to mutual and …
In the decentralized finance (DeFi) space, each blockchain or protocol can be compared to a unique stall in a bustling marketplace. However, there’s a twist: each trader (blockchain) communicates using their rules and language. While this diversity fosters a hotbed of innovation, it simultaneously presents a formidable challenge — the absence of seamless and secure …
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One indicator is suggesting that new all-time highs for Bitcoin (BTC) are no more than two months away, according to a closely followed crypto analyst. The pseudonymous analyst TechDev tells his 425,000 followers on the social media platform X that Bitcoin’s on-balance volume (OBV), a trend indicator that uses volume flow to anticipate price changes, …
BitMEX founder Arthur Hayes says the traditional finance (TradFi) world could gain dangerous levels of power over Bitcoin (BTC) if they manage to control spot BTC exchange-traded funds (ETFs). In a new essay, the crypto veteran says that if ETFs managed by TradFi asset managers are too successful, “they will completely destroy Bitcoin.” Hayes says …
Seasoned trader Peter Brandt says he’s no longer expecting the leading altcoin Ethereum (ETH) go on a big move to the downside. Last week, Brandt told his 707,300 followers on the social media platform X that he was shorting Ethereum, predicting that ETH could tumble to as low as $650. In an update, the veteran …
The U.S. SEC has set a strict deadline of Dec. 29 for companies hoping to launch exchange-traded funds (ETFs) tied to spot Bitcoin price, Reuters reported Dec. 23, citing people familiar with the discussions. This significant development emerged from a high-level meeting on Dec. 21, where SEC officials engaged with representatives from leading financial entities, …
A top trader who caught the crypto rally at the start of the year is unveiling his outlook for Bitcoin as market participants eagerly await the potential approval of spot market BTC exchange-traded funds (ETFs). Crypto analyst DonAlt tells his 55,600 YouTube subscribers that the approval of a spot-based BTC ETF will likely induce increased …
The family of a high net-worth investor who’s suffering from dementia claims the banking giant took advantage of an ailing man and squandered a $50 million fortune. Yoon Doelger says her now 86 year-old husband Peter had begun treatment for dementia when he signed a letter absolving the bank of liabilities for losses incurred as …
The native token for a decentralized exchange (DEX) built on Solana (SOL) has skyrocketed by more than 95% this week amid roaring network growth. Raydium (RAY) is an on-chain order book automated market maker (AMM). The project’s native token, RAY, is trading at $1.72 at time of writing, up from around $0.88 one week ago. …
The former CEO and co-founder of crypto exchange BitMEX, Arthur Hayes, has shared his thoughts on what could lead to Bitcoin’s downfall. His recent comment also echoes the reservation that the crypto founder has about the potential launch of Spot Bitcoin ETFs. TradFi Could Lead To Bitcoin’s Downfall In his last article for the year, …
Continue reading “Bitcoin Downfall: Arthur Hayes Reveals What Will Make The Pioneer Crypto Fail”
