Altcoins Face Sideways Trading, Analyst Predicts
A well-known analyst predicts that altcoins will experience a period of subdued price action in…
Altcoins Face Sideways Trading, Analyst Predicts
A well-known analyst predicts that altcoins will experience a period of subdued price action in the coming months due to the recent market correction. Lack of Retail Inflows Dampens Altcoin Prospects The analyst, The Flow Horse, believes that altcoins will trade sideways until July. According to him, the absence of new retail inflows will keep…
German Bank to Offer Crypto Custody for Businesses
Landesbank Baden-Württemberg, Germany’s largest federal bank, is planning to offer cryptocurrency custody services to businesses in the second half of 2024. Partnership with Bitpanda The bank has partnered with Bitpanda, a crypto custody platform with decentralized finance (DeFi) capabilities. Bitpanda’s platform will be used to provide custody services for cryptocurrencies such as Bitcoin and Ethereum….
Solana Whales Buy Memecoins as Crypto Markets Fall
Solana whales have been snapping up memecoins at discounted prices after a weekend market correction. Whale Accumulation Two Solana whales bought large amounts of Slerf (SLERF), Book of Meme (BOME), and Jeo Boden (BODEN) from crypto exchanges Kucoin and Binance. One whale spent $4.56 million on BODEN, while the other spent $2.25 million on SLERF…
Layer-One Race: Two Altcoin Ecosystems Battle for Supremacy
Former Goldman Sachs executive Raoul Pal believes two crypto ecosystems are vying to become the next major players in the digital asset market. Move vs. Cosmos Pal identifies two primary ecosystems: Move: This programming language powers altcoins like Sui (SUI) and Aptos (APT). Cosmos: This SDK supports coins like Celestia (TIA). Pal’s Analysis According to…
Bitcoin Pre-Halving Peak: Not a Guarantee for Future Gains
Misconception: Bitcoin Will Hit Another ATH Analysts believe that the current Bitcoin rally is not a sign of an early bull run. They dismiss claims that Bitcoin’s recent all-time high indicates continued gains. Pre-Halving Dips: A Historical Trend Historically, Bitcoin and altcoins have experienced significant dips before halving events. The current pre-halving dip is within…
Bitcoin Miners to Face $10 Billion Revenue Hit After Halving
Loss of Income The upcoming Bitcoin Halving will cut miners’ rewards in half, from 6.25 BTC to 3.125 BTC per block. This will result in a significant loss of revenue for miners, estimated at up to $10 billion annually. Cushioning the Blow Miners are exploring ways to mitigate the revenue loss. Some are investing in…
Binance Exec Tracked Down in Kenya
Extradition Process Underway Nigerian authorities have located Binance executive Nadeem Anjarwalla in Kenya. They’re now working with Kenyan authorities to extradite him back to Nigeria. Guards Questioned The guards responsible for Anjarwalla’s custody are being interrogated by military investigators. How Did He Escape? Anjarwalla escaped from Nigerian custody in March. He allegedly used his phone…
Runes Protocol: A Potential Challenger to BRC-20 Dominance?
As Bitcoin’s Halving Approaches With Bitcoin’s halving event on the horizon, a new digital commodity protocol is poised to make its mark in the crypto world. The Runes Protocol, developed by Casey Rodarmor, the creator of the Ordinal Theory, is generating excitement as it introduces a new fungible token standard for Bitcoin. What is the…
Hong Kong’s Bitcoin ETFs: Don’t Get Too Excited
Spot Bitcoin ETF Launches Hong Kong has made a big move in the crypto world by approving the first spot Bitcoin and Ethereum ETFs. But don’t get your hopes up too high. Analyst Warns of Cautious Approach ETF analyst Eric Balchunas is advising investors to be careful about expecting a huge surge of money into…
UK Crypto Regulation on the Horizon
Crypto Staking, Trading, and Custody to Be Governed The United Kingdom is set to implement new laws for cryptocurrencies, including stablecoins, staking, trading, and custody. These regulations are expected to be in place by mid-2024. Financial Services Act Approval The Financial Services and Markets Act, passed in June 2023, paved the way for cryptocurrencies to…
