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
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
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
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