Recently, a market strategist has made bold claims regarding the future trajectory of Bitcoin (BTC), the leading cryptocurrency in the market. This strategist, known as ‘Rekt Capital,’ has suggested to his substantial following that Bitcoin has finally broken free from its prolonged downtrend. With this positive shift in market value, Rekt Capital is anticipating a
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NEAR, the native token of the Layer 1 (L1) blockchain Near Protocol, has recently experienced a significant surge to a one-month high. This comes after breaking out of a previous downtrend that saw the token hit a low of $4 on July 5. Currently trading at $5.93, NEAR has recorded a substantial 20% gain over
The renowned crypto analyst Rekt Capital has recently shared his insights on the future trajectory of Bitcoin. According to his analysis, Bitcoin might not be fully prepared for its next significant price increase. Rekt Capital mentioned in a social media post that the cryptocurrency is not yet ready for a successful retest of the $65,000
The Basel Committee on Banking Supervision has recently introduced a final disclosure framework for banks’ crypto exposures. This framework, known as DIS55, aims to enhance transparency and promote a consistent regulatory approach in the digital asset space. The Committee has been working on this framework for over a year, with the standards set to come
OKX, a prominent crypto exchange, has recently chosen Malta as its Market in Crypto-Assets (MiCA) hub in order to cater to the 450 million residents of the European Union. This strategic decision was announced in a statement on July 18, with OKX emphasizing the importance of being able to offer services in compliance with local
The recent news of the German government selling off all its Bitcoin holdings in just two weeks has raised many eyebrows in the cryptocurrency community. The move was explained in a statement by the Saxony Central Office for the Protection and Realization of Virtual Currencies. They announced that approximately 49,858 BTC were sold off starting
Growing up in Edo State, Nigeria, I was fortunate to have a supportive family who always stood by me through thick and thin. My parents, in particular, have been the backbone of my story, providing unwavering support and guidance throughout my life. They instilled in me the values of perseverance and hard work, shaping me
In a recent forecast, Joe Burnett, Senior Product Marketing Manager at Unchained Capital, has made a bold prediction that Bitcoin could reach a valuation of $750,000. Burnett argues that the market might be undervaluing Bitcoin’s potential this cycle, overlooking its broader context within the global financial ecosystem. He points out a common mistake in market
Cyvers Alert, a blockchain security firm, recently reported a significant security breach at the Indian exchange WazirX. According to Cyvers, their system detected multiple suspicious transactions involving WazirX’s Safe Multisig wallet on the ETH network, resulting in a total loss of $234.9 million. The funds were moved to a new address, with each transaction’s caller
Bitcoin price faced a challenging obstacle as it attempted to surpass the $66,000 resistance level. Despite its efforts, the cryptocurrency could not sustain its momentum and found itself consolidating around the $63,500 mark. The failure to break through this resistance zone raised concerns among investors about the future direction of Bitcoin’s price. Following the unsuccessful