The latest research from analysts at CryptoQuant has unveiled a surprising revelation regarding the impact of the upcoming 2024 Bitcoin halving on the price of BTC. Contrary to popular belief, the highly anticipated halving event is no longer considered the primary driver for a bullish momentum in the cryptocurrency market. According to the report, the
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The rise of Dogeverse, a newcomer meme coin in the cryptocurrency world, has taken the industry by storm. With a unique cross-chain capability and the backing of meme fans, degens, and crypto enthusiasts, Dogeverse has managed to raise $1 million within just 48 hours of its initial coin offering (ICO) launch. Priced at $0.000291, the
Bitcoin’s recent price decline, following a brief surge above the $72,000 mark, has been attributed to various factors presenting a bearish outlook for the flagship cryptocurrency. One significant factor is the upcoming release of the March Consumer Price Index (CPI) data on April 10. Market experts are predicting a rise in overall inflation, which could
Bitcoin, the leading cryptocurrency, has once again taken investors on a rollercoaster ride. After a weekend surge that brought it close to breaking its all-time high, the digital asset has since dipped back below the crucial $70,000 mark in the last 24 hours. This sudden correction has left investors questioning whether the anticipated climb to
Artificial intelligence firm Sapien AI recently announced a successful seed funding round, raising $5 million with support from Primitive Ventures, Animoca Ventures, Ravikant Capital, and Yield Guild Games. This injection of capital will enable Sapien to enhance its mission of offering scalable annotation services for training AI models through its gamified data labelling platform. According
South Korean regulators are taking a firm stance against traders who attempt to dump stolen coins on the country’s crypto exchanges. This move comes after a suspected hack on the NFPrompt platform raised concerns about the integrity of the cryptocurrency market in the nation. Unethical Trading Practices The issue came to light when it was
Bitcoin price recently faced resistance at the $72,000 level and failed to break above it. As a result, BTC has corrected gains and is currently moving lower towards the $67,500 support zone. The price is trading below $70,000 and the 100 hourly Simple Moving Average. A major bullish trend line with support near $70,400 was
During a recent Senate hearing, Senator Tim Scott made a pointed critique of the current US administration, accusing them of unfairly targeting digital assets as the source of terrorism financing. Scott argued that the focus on cryptocurrencies ignores more traditional sources of funding, such as Iran’s $35 billion in oil exports and an additional $16
Senator Tim Scott, a Republican from South Carolina, has recently referred to cryptocurrencies as a “scapegoat” for the federal government’s concerns about illicit finance. This statement was made during a crypto hearing held by the United States Senate Committee on Banking, Housing, and Urban Affairs. At the hearing, Deputy Secretary of the Department of the
Cryptocurrency expert Benjamin Cowen has recently brought attention to a potential pattern that could lead to a significant decline in the price of Bitcoin following the upcoming halving event. Although Cowen acknowledges that historical patterns do not always repeat precisely, he believes it is important to prepare for such a scenario in case it does.