The head of digital assets research at investing giant VanEck Matthew Sigel is expressing bullish sentiment on Bitcoin (BTC). In an appearance on the Unchained podcast, Sigel says that Bitcoin could soar above the all-time high of around $69,044 this year. “So this year looks like a solid year. We think Bitcoin will make an …
Yearly archives: 2024
Ethereum Proto-Danksharking Successfully Live on Goerli Testnet
The Dencun upgrade, one of the major upgrades in the Ethereum blockchain, went live on January 17, successfully integrating proto-danksharding (EIP-4844) to the Goerli tesnet. This testnet deployment will set the stage for the next upgrades on the Sepolia and Holesky testnets and the final launch on the Ethereum mainnet. Despite encountering hurdles, the Dencun …
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Trader Issues Warning on Solana Rival That’s Up 247% in One Month, Updates Outlook on LDO and One Other Altcoin
A widely followed crypto strategist warns that a Solana (SOL) competitor that’s up more than 3x in the last 30 days is flashing signals that it may have printed a short-term top. The pseudonymous analyst known as Altcoin Sherpa tells his 205,700 followers on the social media platform X that while layer-1 blockchain Sei (SEI) …
Bitcoin Price Faces Uphill Task, Risk of Additional Losses Below $42K Looms
Bitcoin price is still struggling below the $43,250 resistance zone. BTC remains at risk of more downsides if it stays below $43,500 for a long time. Bitcoin price is still trading in a range from the $41,500 zone. The price is trading below $43,250 and the 100 hourly Simple moving average. There was a break …
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Crypto Exchanges Trading Volume Hit $10.3T in 2023, New Data Shows
CoinGecko’s 2023 Annual Crypto Industry Report has been released. It covers crypto exchanges and their current state, Bitcoin’s +155.2% and Ethereum’s +90.5% growth, analyzing NFT trading volume throughout the year, and more. Among the report’s highlights is the comprehensive review of the crypto trading volume in 2023 through the performance of centralized crypto exchanges (CEX) …
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BNB Quarterly Burning: Over 2 Million Tokens Vanish, Valued At $636 Million
In a recent announcement by Binance, the BNB Foundation declared the successful completion of the 26th quarterly Binance Coin token burn through the BNB Chain. The burn, which included Auto-Burn and the Pioneer Burn Program, eliminated a significant amount of the exchange’s native token from circulation. BEP95 Initiative Results In 210K BNB Permanently Burned During …
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Bitcoin Gives Early Top Warning Signal, But Price Could Double First
Bitcoin price reached highs of close to $50,000 a coin this year until an abrupt, 15% selloff stopped the climb and put the overheated crypto market on ice. The pullback has caused an early “top” warning signal to fire in BTCUSD, but data suggests that the top cryptocurrency could double before the actual top is …
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XRP Sale Controversy: Ripple Faces Heated Legal Debate Amid Market Turbulence
The crypto community is currently embroiled in a debate over the right for Ripple to sell XRP tokens, sparked by a recent exchange between XRP advocate Bill Morgan and a crypto analyst known as “Darkhorse” on social media platform X. This discussion delves into the legal complexities and market implications of Ripple’s actions concerning XRP …
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Ethereum-Based Altcoin Leaps 15%+ in Hours After Announcement of a Free-To-Play Game for the Ecosystem
One of the top memecoins in recent years is rallying after the announcement of a new free-to-play blockchain game. ApeCoin (APE), a memecoin associated with the Bored Ape Yacht Club non-fungible token (NFT) collection, APE hit a high of $1.67 and a low of $1.44 on January 17th – a difference of approximately 16%. APE …
Bitcoin ETF Competition “Getting Wild” As ProShares Files For 5 Leveraged And Inverse ETFs
ProShares filed prospectus materials for five leveraged and inverse exchange-traded funds (ETFs) on Tuesday, just a few days after spot Bitcoin ETFs started trading in […] Go to Source
Binance Maintained Dominant Market Share Last Year, Despite Lawsuits, Regulatory Storm, Leadership Exodus
Binance is still the dominant centralized exchange (CEX), despite losing a slice of its market share in the wake of legal, regulatory and leadership woes […] Go to Source
Echelon Prime Price Prediction: PRIME Surges 14% As This Meme Coin With A 100X Track Record Closes On $4.3 Million
The Echelon Prime price is up 14% in the last 24 hours to trade for $8.938 as of 5:30 a.m. EST time, with a 102% […] Go to Source
How New Solana (SOL) Saga Phone Enhances $7m Web3 GameFi Platform Meme Kombat Selling At Cheap Price Of $0.279
The forthcoming launch of a new Solana Saga phone is music to the ears of Web3 iGaming projects like Meme Kombat, as crypto-first hardware arrives […] Go to Source
IRS says controversial $10k reporting rule doesn’t currently apply to crypto
Two U.S. agencies announced on Jan. 16 that controversial transaction reporting rules do not apply to digital assets (ie. cryptocurrency). The Internal Revenue Service (IRS) and Department of the Treasury said: “Businesses … do not have to report the receipt of digital assets the same way as they must report the receipt of cash until …
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JPM’s Jamie Dimon believes Satoshi Nakamoto will either increase or “erase” Bitcoin supply
Jamie Dimon, the CEO of JPMorgan, took aim at Bitcoin once again during an interview with CNBC at Davos 2024 on Jan. 17. Dimon expressed an unusual theory in which he suggested that Bitcoin (BTC) could be eliminated once its maximum supply is issued. He said: “I think there’s a good chance that … when …
