In a bold prediction, hedge fund manager James Lavish has forecasted that Bitcoin could potentially reach an astonishing price of $428,000. The key factor influencing this projection is when Bitcoin captures just 1% of the $900 trillion worth of global investment assets. Currently, Bitcoin only accounts for a mere 0.15% of these investment assets, indicating
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The Bahamas Securities Commission recently introduced the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024) to provide much-needed regulatory clarity in the digital assets industry. With the aim of re-establishing the country as a leading pro-crypto hub, this new legislation sets a higher standard in digital asset regulation. According to Christina Rolle, the executive
The Elliot Wave theory has gained popularity among Bitcoin analysts for its ability to forecast the direction of the cryptocurrency’s price movements. Recently, pseudonymous crypto analyst XForceGlobal utilized this theory to predict the future trends in the Bitcoin price. In the analysis shared on TradingView, XForceGlobal applied the 5-wave Elliot Wave theory to forecast further
BNB has been showing signs of bullish momentum with a positive candlestick pattern crossing the 100-day Simple Moving Average (SMA) in the 4-hour timeframe. This shift in market dynamics has allowed the bulls to take control and aim for the $605 resistance level. The key question remains whether BNB can maintain its current upward trajectory
Jonathan Mann, a well-known songwriter who has been creating a song daily for over sixteen years, and conceptual artist Brian L. Frye, have taken a bold step by filing a lawsuit against the US Securities and Exchange Commission (SEC). The crux of the matter lies in the classification of Non-Fungible Tokens (NFTs) representing digital art,
The recent correction in Ethereum price has seen it trade below the $3,300 level after failing to clear the $3,400 resistance zone. The price is now consolidating and facing hurdles near the $3,300 resistance. A break below a key bullish trend line with support at $3,295 on the hourly chart of ETH/USD has signaled a
Aayush Jindal is a prominent figure in the financial market world, with a wealth of experience spanning over 15 years in Forex and cryptocurrency trading. His exceptional proficiency in technical analysis has earned him a reputation as a trusted advisor and senior market expert, guiding investors globally through the complexities of modern finance with his
Aayush Jindal, an esteemed figure in the financial markets, has established himself as a luminary with over 15 years of experience in Forex and cryptocurrency trading. His expertise lies in providing top-notch technical analysis, making him a trusted advisor to investors worldwide. What sets Aayush apart is his innate ability to decode complex market systems
Recently, the US Securities and Exchange Commission (SEC) has taken legal action against Nader Al-Naji, the founder of the BitClout blockchain protocol, which is now known as Decentralized Social (DeSo). The charges filed against Al-Naji involve allegations of orchestrating a fraudulent scheme related to the unregistered offering and sale of crypto asset securities, resulting in
Goldman Sachs CEO David Solomon recently shared his views on Bitcoin in a CNBC interview, stating that he believes Bitcoin could serve as a store of value similar to gold. Despite this acknowledgment, Solomon remains cautious about the cryptocurrency, viewing it primarily as a speculative investment lacking a clear use case. While he finds the