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
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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
Bitcoin developer Samson Mow has been vocal about his belief that BTC will soar to $1 million. He recently reiterated his stance, stating that the flagship cryptocurrency will reach this monumental price target within a year. Mow attributes this bullish outlook to Bitcoin’s increasing demand surpassing its limited supply. Additionally, he points to the upcoming
Recently, crypto exchange OKX has announced that it will be closing its operations in Nigeria due to local regulations. Nigerian clients were given until August 16 to close their positions on the platform. This decision has left many users worried about the future of their investments in the crypto space. The news of OKX’s exit
XRP, the altcoin known for its volatile nature, has been making waves in the cryptocurrency market recently. In the past 24 hours, XRP has shown significant growth, outperforming other major cryptocurrencies in terms of market cap. This surge in XRP’s performance can be attributed, at least in part, to the increased activity of whales. Large
After a consultation period concluded in February, Hong Kong’s financial regulators reported that they received 108 submissions from a variety of stakeholders regarding the licensing program initiative for fiat-referenced stablecoin (FRS) providers. The majority of respondents agreed that a regulatory regime for FRS issuers was necessary due to the increasing popularity of digital assets in
Aayush Jindal, a prominent figure in the financial markets, has dedicated over 15 years to mastering the intricacies of Forex and cryptocurrency trading. His journey began at a young age, where he displayed a natural talent for deciphering complex systems and patterns. This early aptitude fueled his curiosity and led him to become a trusted
XRP, the native token of the XRP Ledger, has caught the attention of a crypto analyst known as ‘Dark Defender’ who remains highly optimistic about the cryptocurrency’s future. This analyst predicts the emergence of multiple God candles that could potentially push XRP into a strong bullish rally. According to Dark Defender’s analysis posted on X
Over the past seven years, the world of cryptocurrency has seen a significant increase in lobbying expenditures, according to a recent study by Social Capital Markets. The research has unveiled a staggering 1,386% surge in lobbying spend by crypto companies, jumping from $2.72 million in 2017 to $40.42 million in 2023. This exponential growth highlights