BitMEX co-founder Arthur Hayes says he thinks Bitcoin (BTC) will continue to drop in price, and that he’s prepared to load up on specific altcoins if it does. In a new analysis, Hayes notes that a 30% correction is due for the crypto king from its 2024 high of around $48,000, which it reached after …
Monthly archives: January 2024
US National Debt Surges $98,000,000,000 in January As Lawmakers Warn America Is ‘Rapidly Approaching the Crisis Point’
A group of US senators from both sides of the aisle say the nation’s financial woes are putting the American Dream out of reach for younger generations. Senators Mitt Romney (R-Utah.) and Joe Manchin (D-W.Va.), and Representatives Bill Huizenga (R-Mich.) and Scott Peters (D-Calif.) penned an op-ed on The Hill saying the US national debt …
Q4 Triumph For Fantom (FTM): Circulating Market Cap Outpaces All Cryptos With 140% Surge
In the fourth quarter of 2023, the cryptocurrency market experienced a notable resurgence, accompanied by the anticipation of a potential Bitcoin ETF approval. Among the standout performers during this period was Fantom (FTM), a Layer-1 protocol launched in 2018. According to a recent report by Messari, Fantom witnessed significant growth, with its circulating market cap …
Analyst Thinks Ethereum Will Explode To $15,000, Cites Favorable Technical Formation
A crypto analyst, Elja on X, predicts that Ethereum (ETH) will reach a staggering $15,000 by 2025 based on technical analysis. The analyst argues that the current bearish sentiment in the crypto market is “temporary.” Moreover, Elja notes that the second most valuable coin by market cap follows a similar fractal pattern that fueled its previous …
Rising Stars: Report Highlights 5 Solana Projects Set For Success In 2024
Solana has been on a downward trend over the past week, following a surge from multi-year low levels. The token suffered when its biggest promoter, crypto exchange FTX, fell, but the ecosystem continued to thrive, leading to the high timeframe recovery. As of this writing, Solana’s native token SOL trades at $87 with a 2% …
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Cardano Defies Bear Market As Smart Contracts Count Sees 10,000 Explosion
The Cardano network continues to defy expectations and prove its doubters wrong. This time, the network has hit a new milestone, which suggests that users are indeed taking advantage of its smart contract functionality. Cardano Sees Significant Increase In Smart Contract Usage Data from Cardano Blockchain Insights has revealed an increase in the usage of …
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$130M Silk Road Bitcoin Stash To Be Sold By US Government
Since mid-January Bitcoin (BTC) has been facing mounting selling pressure from various market players. This includes asset manager Grayscale, bankrupt crypto exchange FTX, and now, the US government, which is set to auction off a substantial amount of Bitcoin seized from the infamous dark web marketplace Silk Road. Sale Of Confiscated Silk Road Bitcoin The …
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Changpeng Zhao Offered Binance.US Stake Worth $4.5 Billion As Security For Trip To UAE
Former Binance CEO Changpeng Zhao’s pledge of his multibillion-dollar stake in Binance.US as security for a trip to the United Arab Emirates was denied by […] Go to Source
Arthur Hayes Says ‘’Mini Financial Crisis’’ May Send Bitcoin To $30K, Plans To “Load Up On Solana And Dogwifhat”
BitMEX co-founder Arthur Hayes said that a mini financial crisis and supercharged inflation risks sending the Bitcoin price plunging to as low as $30K, and […] Go to Source
Exploring the Influence of News and Events on Bitcoin Price
Ever noticed how Bitcoin prices swing wildly after certain news hits the headlines? The volatile digital currency can see its value change rapidly with market buzz, often triggered by media reports and global events. This article dives into the powerful effect that news and happenings have on Bitcoin’s price, laying out clear insights for curious …
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Dogecoin Developer Deploys Classic First-Person Shooter ‘Doom’ on DOGE Network – Here’s How
A Dogecoin (DOGE) developer is powering an old school first-person shooter on the memecoin’s network using “doginals” – the dog-themed asset’s version of Bitcoin (BTC) ordinals. In a new thread, developer Mini Doge says he’s deployed Doom, a ’90s game that pits players against demons on Mars, using doginals. Doginals permanently inscribe information on small …
Crypto saw 62 million acquired users across eight chains in 2023: Flipside report
Flipside Crypto reported that blockchain users and activity grew throughout 2023 in a report shared with CryptoSlate on Jan. 25. The analytics company wrote: “Crypto recently has been fluctuating through extremes, with on-chain activity and user sentiment swinging wildly throughout the last year … but ultimately, the past many months have concluded on a high …
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Bitcoin developer Luke Dashjr raises concerns over centralization in Bitcoin mining
In an in-depth interview with Bitcoin Magazine on Jan. 24, Bitcoin Core developer Luke Dashjr voiced significant concerns about the increasing centralization of Bitcoin mining. Dashjr believes that the dominance of a few large mining pools poses a serious threat to the decentralized nature of Bitcoin, potentially leading to censorship and control issues within the …
U.S. plans to sell $130 million of Bitcoin seized in connection with Silk Road
The U.S. government has filed notice to sell $130 million of Bitcoin (BTC) previously seized connection with the Silk Road darknet marketplace. The government said that it says that it intends to dispose of (ie. sell) two lots of Bitcoin in any manner that the U.S. Attorney general directs. That will likely see the government …
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UK government treads carefully on digital pound, prioritizing privacy and cash access
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