The past few days have been a rollercoaster for Bitcoin as its price surged above $70,000 for the first time, only to be violently rejected shortly after. This extreme price movement left many investors reeling as billions of USD were liquidated within minutes. Despite the wild fluctuations, Bitcoin managed to recover most of its losses
Crypto
Pantera Capital is currently in the process of raising funds from major investors to purchase heavily discounted Solana tokens from the bankruptcy estate of FTX. The company is aiming to establish the Pantera Solana Fund, which would allow investors to acquire up to $250 million worth of SOL tokens from the FTX estate at a
The lead analyst at Glassnode, James Check, has predicted that Bitcoin (BTC) will surpass the $250,000 mark in its current cycle. According to Check, the strong conviction of HODLers over the years will propel the price of Bitcoin to astronomical levels. In a recent interview with What Bitcoin Did, the analyst discussed the reasons why
Cryptocurrency adoption has become a generational issue, with Millennials and Gen Z leading the way in embracing digital currencies such as Bitcoin. According to financial analyst and strategist, Tom Lee, younger generations are more open to adopting cryptocurrency compared to Baby Boomers. Lee highlighted that Bitcoin is being widely adopted and used by Millennials, Gen
The recent directive from the Spanish data protection regulator, AEPD, has brought attention to the data collection practices of Worldcoin. The regulator has instructed Worldcoin to cease the collection of personal data in Spain and to refrain from using any data that has already been obtained. This decision came after receiving numerous complaints about Worldcoin,
The troubles facing Binance.US have been well-documented, with recent reports indicating a series of challenges that have led to forced layoffs and a significant decline in revenue. In court documents released by the company’s Chief Operating Officer Christopher Blodgett, it was revealed that Binance.US has been forced to let go of over 200 employees, amounting
Recently, Euro Pacific Asset Management founder Peter Schiff issued a stark warning about Bitcoin, labeling it as the “ultimate asset bubble.” This caution came at a time when the price of Bitcoin was soaring, surpassing $61,500. Despite his warning, just four days later, the price of BTC climbed even higher, now trading above $65,000. Criticism
Despite recent gains of 20% in a week, Ripple’s XRP still lags behind Bitcoin and other altcoins. However, top analysts such as Dark Defender and Alex Cobb believe that a bull run could be imminent for XRP. Dark Defender pointed out that XRP has been hovering around the Fibonacci level of $0.64 and indicators like
Crypto enthusiasts who are eagerly awaiting the launch of an Ethereum spot ETF may need to temper their expectations, according to Bloomberg ETF analyst Eric Balchunas. While Bitcoin spot ETFs have seen tremendous success in the United States, with over $7 billion in net flows since their launch, Balchunas believes that an Ethereum ETF launch
Friend.tech, a leading Web3 social platform, has recently made a groundbreaking announcement that has sent shockwaves through the cryptocurrency community. The platform’s investors have made the bold decision to relinquish their rights to sell tokens to users, giving the community full control over the funds. This move marks a significant shift in power dynamics within
