A closely followed analyst says billions of dollars in capital are returning to the crypto markets after last week’s correction. Earlier this month, digital assets witnessed a deep corrective move as the total market cap of crypto plunged from $1.70 trillion to $1.50 trillion in a single day. Analyst Ali Martinez tells his 39,700 followers …
Monthly archives: January 2024
Bitcoin Rallies Imminent As Market Gears Up for ‘Most Bullish Fundamental Catalyst’ in Last Few Years: Analyst
An analyst who continues to build a following with his timely Bitcoin calls believes that rallies are in sight for the crypto king as the market holds its breath in anticipation of a potential BTC exchange-traded fund (ETF) approval this week. Pseudonymous analyst Credible Crypto tells his 363,800 followers on the social media platform X …
$359,320,000,000 Yanked Out of American Banks in One Year, New US Banking Crisis ‘All Too Likely’ in 2024: Ex-IMF Official
An International Monetary Fund (IMF) insider says a new reckoning in the US banking industry is “all too likely.” Desmond Lachman, former Deputy Director at the IMF’s Policy Development and Review Department, says he expects 2024 to be a rough year for American banks, the Chinese state-run Xinhua reports. Says Lachman, “It is all too …
$2,484,000 To Be Given Away As Guaranteed Income Pilot Prepares for Launch in US County
A California county is preparing to launch a basic income program that will give millions of dollars to women living below the poverty line. The Humboldt Income Program is an 18-month, $2.484 million project aimed at providing financial assistance to 150 expecting women in their pregnancy’s 1st or 2nd trimester during the enrollment period and …
Under-the-Radar Ethereum-Based Altcoin Defies Crypto Doldrums and Surges 110% This Week Amid New Product Update
An Ethereum (ETH)-based altcoin that’s flying under the radar is moving against the largely bearish crypto price action this week after surging over 110% in the past seven days. Power Ledger (POWR) is a blockchain that’s designed for decentralized and distributed energy markets. The project’s native token, POWR, is trading at nearly $0.737 at time …
Crypto Analyst Predicts Dramatic Rise In Cardano (ADA) Price, Here’s The Target
Crypto analyst Guy Turner has predicted that Cardano (ADA) could experience a significant price surge soon enough. The analyst also gave an insight into what price levels the crypto token could hit when this happens. Cardano To Rise To $1 In a video posted on his YouTube channel, Turner mentioned that ADA could rally to …
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Bitcoin Spot ETF: VanEck’s Head Of Research Says BlackRock Has $2 Billion In Investments Lined Up
VanEck’s Head of Research, Matthew Sigel, recently hinted that the Spot Bitcoin ETF of the world’s asset manager, BlackRock, could see a record-breaking amount of inflows upon launch. This comes as an approval order by the Securities and Exchange Commission (SEC) looks imminent. BlackRock’s Bitcoin ETF Could See Inflows Of Over $2 Billion Sigel mentioned …
Cardano Surges Nearly 250% In Development Activity, Whale Buying Appetite – Details
According to the latest findings from CryptoDiffer, Cardano (ADA) has significantly outpaced Ethereum (ETH) in terms of average daily developer activity on GitHub over the past month. The data indicates that Cardano has surged ahead with a remarkable 245% lead over Ethereum in this crucial metric. The average daily GitHub commit size for Cardano stands …
Dogecoin Whales Are Moving Millions Of Dollars – Here’s Why
On-chain data from whale transaction tracker Whale Alerts has revealed multiple transfers of Dogecoins changing hands between unknown whales and crypto exchanges Binance and Robinhood. Large whale transfers such as this one, which collectively amounted to 1.88 billion DOGE tokens throughout the week, tend to catch investors’ attention over their motives. But this elaborate shuffle …
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Bitcoin Flash Crash: Crypto Market Witnesses $2.5 Billion Inflow Following Recent Downturn
The past week was largely defined by the Bitcoin price climbing above $45,800 for the first time in over 20 months, marking a great start to the year. However, the premier cryptocurrency soon experienced a sharp price pullback due to negative news about the BTC spot (ETF). Interestingly, the latest on-chain data has revealed that …
DCG completes repayment of $700 million Genesis debt
Digital Currency Group (DCG) has announced the successful settlement of approximately $700 million in short-term loans owed to now-defunct crypto lending platform Genesis. The settlement is part of DCG’s broader effort to fulfill over $1 billion in debt to various creditors within just over a year. The repayment of these loans by the firm is …
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Bitcoin developer fails to rally support for ‘bug fix’ to stop Ordinals, inscriptions
In a recent development that has stirred the Bitcoin community, developer Luke Dashjr’s proposal to address the congestion caused by Ordinals and BRC-20 tokens on the Bitcoin network has been met with support and strong opposition. Dashjr failed to rally enough support for a proposed “bug fix” to the Bitcoin code that would essentially put …
Litecoin (LTC) Flashing Bullish Signal Amid Rising Address Activity: Crypto Analytics Firm Santiment
Crypto analytics firm Santiment says that peer-to-peer payments network Litecoin (LTC) is flashing readings that could lead to a price surge. Santiment notes that Litecoin, decentralized finance (DeFi) protocol Maker (MKR) and liquid-staking service provider Lido DAO (LDO) are all witnessing rapidly rising address activity. According to the analytics firm, the on-chain signal is typically …
Investment Giant VanEck Pledges To Donate 5% of Bitcoin ETF Profits to BTC Core Developers for at Least 10 Years
Investment giant VanEck has pledged to donate some of the profits from its Bitcoin (BTC) exchange-traded fund if it’s greenlit by the U.S. Securities and Exchange Commission (SEC). VanEck is one of a slew of major financial firms to apply for a spot BTC ETF. The company says they’re “not Bitcoin tourists” and want to …
JPMorgan Chase Freezes, Eliminates Bank Account Without Warning, Explanation or Redemption: New Accusations
JPMorgan Chase is facing fresh accusations of locking down and terminating a customer’s bank account over unfounded concerns of suspicious activity. In a new post on the r/Chase Reddit forum, a user says a new Chase bank account has been abruptly shut down without warning or explanation. After getting their account set up, the poster …