A widely followed crypto analyst is laying out his bull market price target for Bitcoin, saying BTC is beginning to mirror its previous cycle. Pseudonymous analyst TechDev shares with his 448,000 followers on the social media platform X a chart that compares Bitcoin’s current market cycle to that of 2020-2021. Using Elliott Wave theory, which …
Monthly archives: May 2024
Analyst Says Bottom Is In for Altcoin Markets, Predicts Crypto Rally Following Weak Economic Data
Popular analyst Michaël van de Poppe believes that crypto is gearing up for a marketwide rally amid signs of slowing economic activity. Van de Poppe tells his 716,300 followers on the social media platform X he’s bullish on crypto after the US labor market missed estimates in April. With unemployment rising to 3.9% and average …
Where to store your crypto: Wallets provide diverse options for holders
Choosing a crypto wallet can be intimidating for newcomers. Which wallet is the easiest to use and the safest for storing digital assets?
Uniswap CEO weighs In on ethical token distribution
The Uniswap CEO strongly disapproved of low float tokens, considering them malicious and his biggest pet peeve.
Six to Twelve Months of ‘Parabolic Advance’ on the Horizon for Bitcoin, According to On-Chain Analyst
Prominent on-chain analyst Checkmate is updating his outlook on Bitcoin’s (BTC) current market cycle and says that a parabolic move to the upside is likely in sight. The pseudonymous analyst tells his 90,000 followers on the social media platform X that based on previous cycles, Bitcoin is most likely in for about six months of …
Bitfinex CTO Dismisses Breach Claims as ‘Pure FUD,’ Says No Group Has Asked for Ransom
Paolo Ardoino, the chief technology officer of Bitfinex, has dismissed claims that Bitfinex has been breached as “pure FUD [fear, uncertainty and doubt].” A report by Shinoji Research suggested that the ransomware group, Fsociety, might have access to every Know Your Customer (KYC) document since Bitfinex’s inception. A security researcher suggested that these claims might …
Nigeria Mulls Over Banning P2P Crypto Transactions; Labels Crypto Trading as National Security Concern
Nigerian authorities are reportedly planning to prohibit financial institutions from facilitating peer-to-peer cryptocurrency transactions. According to a report, Nigeria’s Office of the National Security Adviser has classified cryptocurrency trading as a national security concern. Three fintech startups, known for enabling such transactions, have been directed to block and report peer-to-peer cryptocurrency transactions to law enforcement …
Crypto Analyst Unveils Massive Bitcoin Price Target, Says BTC Flashing Bullish Chart Pattern – Here’s His Outlook
A widely followed crypto strategist believes that Bitcoin (BTC) can skyrocket over 337% based on a classical chart pattern. Pseudonymous analyst Cheds tells his 330,400 followers on the social media platform X that Bitcoin appears to be forming a cup-and-handle pattern on the weekly chart. Cheds says that based on classical charting rules, Bitcoin could …
Why Regulators Should Embrace DeFi
HodlX Guest Post Submit Your Post Stress tests of major banks have repeatedly failed to uncover serious issues that have led to billions of dollars in losses – DeFi (decentralized finance) changes all of this. Right now, the world’s financial system operates under a veil of secrecy. Global banks currently undergo stress tests to examine …
South Africa’s FIC Unveils Draft Directive for Travel Rule Implementation; Crypto Industry Leader Issues Warning
The South African Financial Intelligence Centre recently issued a draft directive calling crypto-asset service providers to implement the Financial Action Task Force’s (FATF) travel rule. However, key figures in South Africa’s crypto industry say several factors could hinder the implementation of the FATF’s Recommendation 16. CASP Interactions With Unhosted Wallets The South African Financial Intelligence …
Former Bitmex Chief Expects Bitcoin to Trade Within $60K-$70K Range Until August
Former Bitmex CEO Arthur Hayes predicts bitcoin will range-bound trade between $60,000 and $70,000 until August. “The slow addition of billions of dollars of liquidity each month will dampen negative price movement from here on out,” Hayes said, adding that he expects “prices to bottom, chop, and begin a slow grind higher.” Arthur Hayes’ Bitcoin …
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Robert Kiyosaki Shares Crash Survival Rules — Warns ‘Crash Has Begun, It Will Be a Bad One’
Rich Dad Poor Dad author Robert Kiyosaki has cautioned that a crash has begun, highlighting its severity. The famous author also shared his crash survival rules. He urged investors to invest in bitcoin, alongside gold and silver, emphasizing that they are “real money that goes up in value, especially in a market crash.” Robert Kiyosaki’s …
New Global Currency Designed To Ditch US Dollar, Avert Sanctions Emerging As BRICS Leaders Prepare To Meet: Report
A group of economically-aligned nations known as BRICS is reportedly hammering out the details on a new currency designed to drop dependence on the US dollar. South African Ambassador to China Siyabonga Cyprian Cwele says BRICS members will meet this month to discuss the specifics, reports the Chinese state-backed Global Times. On the agenda is …
Solana Primed To Establish Itself As ‘Third Major Crypto Asset’ After Bitcoin and Ethereum: Franklin Templeton
Global investment giant Franklin Templeton thinks Solana (SOL) is primed to establish itself as the “third major crypto asset” after Bitcoin (BTC) and Ethereum (ETH). In a new analysis, the firm’s digital assets unit notes that the Solana network has witnessed significant increases in total fees and decentralized exchange (DEX) volumes in the past year. …
Bitcoin Relative Strength Jumps To 40%: 10x Research Reveals Next Steps From Here
Crypto research platform 10x Research recently noted that the Bitcoin Relative Strength has jumped to 40%. In line with this, they provided insights into what major moves the flagship crypto might make soon enough. What Next For Bitcoin? In their newsletter titled “Fake Dip?” 10x Research drew the crypto community’s attention to the fact that …
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