A new study found that typical Kenyan crypto users to be under 40. Kenyans not only trade cryptocurrencies but use them for investment and as a hedge against inflation. Kenya Seeks IMF Assistance According to a study by a Kenyan Technical Working Group, Kenyan residents continue to trade cryptocurrencies despite repeated warnings from the central …
Continue reading “Kenyans HODL On: Crypto Use Soars Despite Central Bank Warnings, Study Finds”
Matt Hougan provided the rationale for his prediction in a weekly memo published on Monday. Corporate Bitcoin Treasuries Are an Overlooked Megatrend Software firm Microstrategy (Nasdaq: MSTR) saw revenues dip by 10% in 2024, yet it was one of the best performing stocks in the Nasdaq 100, according to Barchart.com. The reason its stock shot …
The U.S. Securities and Exchange Commission (SEC) has escalated its legal battle with Ripple, filing an appeal to contest portions of a district court ruling that categorized the XRP token differently based on whether sales were made to institutional investors or retail participants. SEC Takes XRP Ruling to Appeals Court Ripple’s leadership, however, has dismissed …
Continue reading “Ripple Ruling Challenged by SEC, Firm’s Legal Officer Dismisses Effort as ‘Noise’”
Favorable crypto policies in the U.S. along with supportive monetary conditions have been identified as triggers for bitcoin’s next big price move. Bitcoin Poised for Macro Price Peak in 2025 Bitcoin’s price is on track to achieve its next macro peak, according to the latest weekly report from onchain analytics platform Cryptoquant. The firm predicts …
Continue reading “Cryptoquant: Bitcoin Could Hit $250,000 in 2025”
A popular crypto strategist thinks an altcoin in the decentralized finance (DeFi) space looks strong against the US dollar and Bitcoin (BTC). Pseudonymous analyst Bluntz tells his 308,500 followers on the social media platform X that DeFi lending platform Aave (AAVE) is flashing multiple bullish signs on the eight-hour chart. “AAVE [is] one of my …
Bitcoin price is attempting a recovery wave above the $98,000 zone. BTC is rising and now struggles to settle above the $100,000 zone. Bitcoin started a recovery wave above the $98,000 zone. The price is trading above $98,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support …
Continue reading “Bitcoin Price Reaches $100K: A Make-or-Break Moment for Bulls”
Este artículo también está disponible en español. Data shows the social media sentiment around Dogecoin and Solana has seen a significant improvement following the market turnaround. Social Media Is Now Bullish On Dogecoin, Solana, & Cardano In a new post on X, the analytics firm Santiment has discussed what sentiment the traders on social media …
Continue reading “Social Media Turns Bullish On Dogecoin, Solana As Market Rebounds”
Este artículo también está disponible en español. Cardano is at a pivotal moment, striving to hold the $1 mark as a key support level to sustain its upward momentum. The altcoin has experienced significant volatility in recent trading sessions, with a dramatic 15% drop followed by an impressive recovery of over 20% within just 24 …
Continue reading “Cardano Whales Go On A Shopping Spree – 100 Million ADA in 48 Hours”
Este artículo también está disponible en español. The Bitcoin price has recovered above $97,000, providing a bullish outlook for the flagship crypto. Despite this development, BTC traders still look apprehensive as their strategy suggests they are still bearish on the current price action. Bitcoin Traders Turn Bearish Following Price Recovery In an X post, crypto …
Este artículo también está disponible en español. After rocketing up to the highs of $108,000 in December 2024, Bitcoin now has fallen to about $96,000. This has led to renewed debate among analysts as to what this means for the leading cryptocurrency. Some think that it may all be a warning, but others, such as …
Continue reading “Expert Sees Bitcoin Dipping To $50K While Bullish Momentum Persists”
2024 saw nearly $41 billion worth of illicit crypto volume, but that could climb to around $51 billion as more criminal-tied addresses are found, Chainalysis says.
The U.S. Securities and Exchange Commission (SEC) is delaying its decision on asset management firm Bitwise’s proposed crypto index exchange-traded fund (ETF) to March of this year. In a post on the social media platform X, Bloomberg ETF analyst James Seyffart says the regulatory agency is pushing back its decision on whether to let Bitwise …
Continue reading “SEC Delays Decision on Bitwise’s Proposed Crypto Index ETF Until March”
Only 0.4% of the 14 million crypto wallets that have interacted with Pump.fun have made a profit of over $10,000 — indicating that Burwick’s client base may be in the millions.
The US Department of Justice announced on Jan. 15 that BitMEX and its parent company, HDR Global Trading Limited, have been fined $100 million for violating the Bank Secrecy Act (BSA). The firms pleaded guilty to the violations in July 2024 after a lengthy legal process. The DOJ had initially sought penalties exceeding $200 million …
Continue reading “BitMEX slapped with $100M penalty for US Bank Secrecy Act violations”
Representative Cody Maynard introduced House Bill 1203 to implement a Bitcoin (BTC) Strategic Reserve of up to $850 million in Oklahoma. The state is the sixth to receive such a proposal in the US. The legislation would allow the Oklahoma State Treasurer to allocate funds from the State General Fund, Revenue Stabilization Fund, and Constitutional …
Continue reading “Oklahoma lawmaker introduces legislation to establish strategic Bitcoin reserve”
