Coinbase Expands Trading Options with Solana-Based DEX
New Listing on the Horizon Coinbase, the leading crypto exchange in the US, has added…
Coinbase Expands Trading Options with Solana-Based DEX
New Listing on the Horizon Coinbase, the leading crypto exchange in the US, has added Drift Protocol (DRIFT) to its listing roadmap. This Solana-based decentralized exchange (DEX) offers non-custodial trading and advanced risk management features. Features of Drift Protocol Drift Protocol prioritizes capital efficiency and asset protection. It employs a cross-margined risk engine to prevent…
Ethereum May Drop by 50%, Warns Analyst Benjamin Cowen
Price Drops Below Bullish Support Crypto analyst Benjamin Cowen has issued a bearish warning for Ethereum (ETH). According to Cowen, ETH has fallen below a key indicator known as the Bull Market Support Band (BMSB). This band is a combination of two moving averages used to determine if an asset is in a bullish or…
Crypto Market Poised for Upswing, Says Billionaire Mike Novogratz
Galaxy Digital CEO Mike Novogratz predicts that upcoming “market events” will drive Bitcoin (BTC) and other cryptocurrencies to new heights. Consolidation Phase According to Novogratz, Bitcoin, Ethereum (ETH), Solana (SOL), and other digital assets are currently in a consolidation phase, trading within a range of $55,000 to $75,000. This phase is expected to continue until…
Bitcoin Rally on the Horizon, Says Analyst
On-chain analyst Willy Woo predicts a major Bitcoin rally in the coming months, potentially breaking records. Reasons for Optimism Increased global liquidity: This tends to benefit risky assets like Bitcoin. Bitcoin halving: The halving event, which occurred in April, removes inefficient miners, reducing sell pressure and potentially boosting demand. Timing Woo expects the rally to…
Bitcoin’s Hashrate Dive: A Buying Opportunity or Miner Exodus?
Hashrate Hiccup or Miner Exodus? After a surge in Bitcoin’s hashrate (computational power) following the block reward halving in April, it has unexpectedly dropped by 20%. This has sparked speculation about a potential “miner capitulation,” where less efficient miners are shutting down operations due to reduced profits. Hash Ribbons Flash Warning Hash Ribbons, a technical…
Bitcoin Soars Past $66,000: Why?
Inflation Data Surprise The Consumer Price Index (CPI) data released on May 15 showed inflation was lower than expected, coming in at 0.3% instead of the forecasted 0.4%. This suggests that inflation may be slowing down in the US. Institutional Investments Reports indicate that notable institutions are investing heavily in Bitcoin. The State of Wisconsin…
Bitcoin Bullish Signal: $150,000 on the Horizon?
Global Money Supply: A Key Indicator According to James Coutts, Bitcoin’s future looks bright due to shifts in global liquidity. He highlights the Global Money Supply (M2) as a crucial factor, as it represents the amount of money in circulation. Momentum is Key Coutts emphasizes that the rate of change in M2 is more important…
Cardano’s Genesis Upgrade: What It Means
Cardano founder Charles Hoskinson has teased the upcoming “Genesis” upgrade, promising significant enhancements to the blockchain’s security. Ouroboros Genesis: A Deeper Dive Genesis is a major update to Cardano’s Ouroboros consensus mechanism, which ensures that all participants agree on the same version of the blockchain. It introduces several new features to protect nodes, especially when…
Tornado Cash Developer Alexey Pertsev Fights for Justice
Background: Tornado Cash in the Spotlight Tornado Cash, a crypto mixing service, lets users hide the origins and destinations of their transactions. This has made it popular with privacy advocates, but it’s also raised concerns about its use in illegal activities. Pertsev’s Arrest and Conviction In August 2022, Alexey Pertsev, the developer behind Tornado Cash,…
El Salvador’s Bitcoin Stash Grows with Price Surge
El Salvador’s bold bet on Bitcoin has paid off big time. Since making the cryptocurrency legal tender, the country has raked in millions in profits. Bitcoin Profits Soar As Bitcoin hit a new high of $66,000, El Salvador’s profits soared. The country has amassed over 5,751 Bitcoin, worth around $379 million. Mining Success El Salvador…
