The recent Bitcoin2024 conference has sparked a new wave of optimism among crypto investors, as prominent political figures voiced their support for Bitcoin. From Presidential Nominee Donald Trump’s plan for a national bitcoin stockpile to Senator Cynthia Lummis proposing the purchase of 1 million BTC by the U.S. Treasury, it is evident that politicians are
The recent data on Ethereum ETFs in the US paints a mixed picture, with net outflows totaling $77.21 million for the top nine ETFs. The Grayscale Ethereum Trust (ETHE) has been hit the hardest, recording $133.33 million in outflows on July 31st. Since becoming an ETF, ETHE has seen almost $2 billion in outflows. On
Bitcoin, the flagship cryptocurrency, has been the center of attention recently with hedge fund manager James Lavish predicting that it could rise to an astonishing $428,000. According to Lavish, this price target could be achieved when Bitcoin represents 1% of the $900 trillion investment assets worldwide. This bold prediction is based on the belief that
XRP has witnessed a significant price surge, reaching $0.66, marking an 8% increase in the past 24 hours. This surge is attributed to renewed investor optimism in the market and crucial developments within the XRP ecosystem. The number of wallets holding at least 10,000 XRP has seen a substantial rise, hitting a six-month high of
The Bahamas Securities Commission recently announced the passing of the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024), marking a significant step towards providing regulatory clarity for the country’s digital assets industry. This move comes nearly two years after the collapse of FTX, a major player in the industry. Christina Rolle, the executive director
The Elliott Wave theory has gained significant popularity among Bitcoin analysts for its effectiveness in predicting the future movement of the cryptocurrency’s price. One pseudonymous crypto analyst, XForceGlobal, recently utilized this theory to estimate the potential next steps for the price of Bitcoin. In the analysis shared on TradingView, XForceGlobal applied the 5-wave Elliott Wave
Cardano (ADA) is currently facing a crucial juncture as it grapples with the possibility of an inverted hammer formation on its weekly chart. This pattern symbolizes potential buying pressure taking over early selling, hinting at a trend reversal from bearish to bullish. However, amidst this glimmer of hope, ADA’s technical indicators are sending mixed signals.
Jonathan Mann and Brian L. Frye, both well-known figures in the digital art world, have recently filed a lawsuit against the US Securities and Exchange Commission (SEC) regarding the classification of NFTs as securities. This case has sparked a heated debate within the art community about the implications of treating digital art as traditional investments.
Cardano (ADA) has recently experienced a significant surge in Exchange Traded Product (ETP) inflows, attracting the attention of institutional investors. The influx of capital from these investors suggests a growing interest in Cardano and could potentially signal an uptrend in the near future. CoinShares, a prominent firm in the crypto ETP industry, reported that digital
Goldman Sachs CEO David Solomon recently shared his views on Bitcoin, stating that it could potentially serve as a store of value similar to gold. While Solomon has never been a vocal critic of Bitcoin, he still maintains a cautious approach towards the cryptocurrency. He regards Bitcoin as a speculative investment with no clear use
