A widely followed analyst believes that a 12x rally is now on the table for Bitcoin (BTC) as the crypto king enters an era never seen before in its history. Crypto strategist Michaël van de Poppe tells his 693,000 followers on the social media platform X that Bitcoin exchange-traded funds (ETFs) signaled the dawn of …
Monthly archives: February 2024
Franklin Templeton Latest to File for Ethereum ETF Approval
Asset management firm Franklin Templeton is the latest entrant into the race for a spot Ethereum ETF, filing an application with the Securities and Exchange Commission (SEC) this week. The proposed Franklin Ethereum ETF would hold ether tokens with Coinbase Custody as the custodian and allow for staking to generate rewards on holdings. TLDR Franklin …
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Philippines to launch CBDC within 2 years to counter rising crypto use
The Philippines central bank, or Bangko Sentral ng Pilipinas, is preparing to launch a Central Bank Digital Currency (CBDC) in the next two years to counter the rising use of crypto in the country, according to local media reports. Central Bank Governor Eli Remolona Jr. announced the plan on Feb. 12 and said the regulator …
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Gary Gensler answers lawmakers about X breach and fake Bitcoin ETF approval
Gary Gensler, chair of the U.S. Securities and Exchange Commission (SEC), has responded to lawmakers regarding a breach of the SEC’s X account. On Jan. 9, an unknown actor performed a SIM swap attack on the SEC’s X account then published a false message stating that the SEC had approved various spot Bitcoin ETFs. Though …
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Solana hits 100k preorders for second mobile device, five times original production
Solana Mobile said in a Feb. 12 announcement that it has attained 100,000 preorders for its upcoming “Chapter 2” mobile device. The firm said that those 100,000 preorders occurred over less than 30 days, noting that this number means that the early preorder price ($450) will end in 48 hours. Solana Mobile’s website adds that …
Bank of Russia Detected Over 5,700 Pyramid Schemes in 2023
The Bank of Russia reported that the number of pyramid schemes and illegal lending providers in Russia rose to over 5,700 in 2023, an increase of 15.5% over the number detected in 2022. Specifically, the number of pyramid schemes detected increased by 46%, relying on the Internet and cryptocurrency as tools for promoting and carrying …
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SEC’s Revised ‘Dealer’ Definition Sparks Concerns Over Impact on Crypto Innovation
The U.S. Securities and Exchange Commission (SEC) has adopted rules to require firms that act like dealers to register with the Commission. A lawyer explained that the securities regulator took a shot at decentralized finance (Defi) with the rules, which explicitly target decentralized exchanges’ (DEX) liquidity providers (LPs) with at least $50 million in assets. …
Crypto Community Fires Back at Hillary Clinton’s Criticism of Bitcoin Undermining US Dollar as Reserve Currency
The crypto industry has responded to criticism from Hillary Clinton, who said that cryptocurrency can undermine the role of the U.S. dollar as the world’s reserve currency. Galaxy Digital CEO Mike Novogratz argued that the only thing that can undermine the U.S. dollar as a reserve currency is reckless spending by both U.S. political parties. …
Dave Ramsey’s Team Insists Crypto Isn’t a Good Investment — Says It’s ‘Risky for a Lot of Reasons’
Personal finance expert and best-selling author Dave Ramsey’s firm Ramsey Solutions has maintained that crypto is not a good investment. “We’re not saying cryptocurrency is going to go away. And we’re not saying it’s horrible … But as things stand today, just say no,” advised the Ramsey Solutions team. Ramsey Solutions Advises ‘Just Say No’ …
Bitcoin On-Chain Signal of Early Stage Bull Markets Now Showing Up, Says Analytics Firm Glassnode
Analytics firm Glassnode says that an on-chain metric for Bitcoin (BTC) that has historically signaled the early stages of a bull market is showing up on the radar. According to Glassnode, Bitcoin’s long-term holder MVRV (LTH-MVRV), which tracks the behavior of long-term BTC investors, has entered “high-risk” territory. The analytics firm shares a chart that …
Bitcoin Price Revisits $50K, Why BTC Could Start A Short-Term Correction
Bitcoin price extended its rally above the $48,800 resistance. BTC tested $50,000 and is currently showing signs of a downside correction. Bitcoin price climbed higher above the $48,500 and $48,800 resistance levels. The price is trading above $48,800 and the 100 hourly Simple moving average. There is a short-term rising channel forming with support at …
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Cardano’s Future Revealed: Founder Would “Love To Be The Taylor Swift Of Blockchain”
Charles Hoskinson, co-founder of Cardano, joined Discovery Crypto to discuss his thoughts about the state of the crypto space, what current developments in the industry suggest, and the network’s future as the “Taylor Swift of Blockchains.” Cardano’s Big Reputation The recent interview sparked a discussion about Cardano’s relationship with crypto exchanges like Gemini and other …
Bitcoin’s Race To $50,000: Analyst Highlights Key Resistance And Market Dynamics
The crypto market is currently abuzz with discussions on Bitcoin (BTC), as it teeters on the brink of reaching the $50,000 threshold. This is fueled by the fast-approaching halving as well as a “bullish divergence” observed over the past week, with Bitcoin breaking past the $48,000 mark. Analyst Analysis On Bitcoin Michaël van de Poppe, …
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CryptoQuant Founder Puts $112,000 Target For Bitcoin This Year
The founder of on-chain analytics firm CryptoQuant has said Bitcoin could reach a target of $112,000 this year driven by the ETF inflows. Bitcoin May Hit $112,000 Based On Inflows Into The ETFs In a new post on X, CryptoQuant CEO and founder Ki Young Ju talked about the outlook of the cryptocurrency based on …
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Grayscale Claims ‘Next Bitcoin Halving Is Different’: What’s Changed?
In Grayscale’s latest report, “2024 Halving: This Time It’s Actually Different,” Michael Zhao, provides an in-depth analysis of the evolving dynamics within the Bitcoin ecosystem as the next halving event approaches in mid-April 2024. The report argues for a significant departure from previous cycles, underlined by the advent of spot Bitcoin ETFs in the United …
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