The founder and managing partner of Skybridge Capital, Anthony Scaramucci, recently made a bold prediction regarding the future price of Bitcoin. He suggested that the cryptocurrency could potentially reach $200,000 following its upcoming halving event. This forecast comes at a time of significant volatility within the crypto markets, driven by geopolitical tensions and economic uncertainty.
BNB price is currently attempting a fresh increase from the $515 zone. The price could potentially gain bullish momentum if it manages to clear the $572 resistance zone. After starting a fresh increase from the $515 support zone, the price is now trading below $555 and the 100 simple moving average (4 hours). There was
China’s e-CNY Research Institute has recently been established to support the progress of the country’s central bank digital currency (CBDC). The inauguration took place at the “2024 Second e-CNY Industry Sustainable Development Seminar” in Suzhou, where industry experts gathered to celebrate this milestone. The e-CNY Research Institute is set to serve as a hub of
The US Securities and Exchange Commission (SEC) recently filed an amended complaint against Justin Sun and other defendants, arguing that Sun’s alleged visits to the US should give the SEC the necessary jurisdiction to pursue legal action. The regulator claimed that Sun had traveled extensively to the US between 2017 and 2019, spending over 380
The cryptocurrency market has been experiencing ongoing fluctuations, but amidst this volatility, the price of Bitcoin has surged by 1.7% in the past 24 hours, reaching above the $62,000 mark. This price increase has garnered attention, but cautionary warnings from CryptoQuant, a leading crypto analytics platform, signal that Bitcoin could face a significant downturn to
The recent introduction of the Lummis-Gillibrand Payment Stablecoin Act by US Senators Cynthia Lummis and Kirsten Gillibrand has sparked controversy within the crypto industry. Former Blockchain Association member Jake Chervinsky criticized the bill, calling it “deeply flawed” and warning that it would only allow for centralized and custodial stablecoins. Chervinsky’s concerns stem from the fact
The recent decrease in enthusiasm for Bitcoin Cash (BCH) is evident as the price of this popular payments-focused Bitcoin fork has plunged by 20% in the past week, currently trading at $484. This decline seems to be following the trend of the overall market, particularly mirroring market leader Bitcoin, which also experienced a 9% drop
Binance, a leading cryptocurrency exchange, recently made a strategic decision to convert its Secure Asset Fund for Users (SAFU) into Circle’s USD Coin (USDC) stablecoin. By transferring 100% of SAFU’s assets to USDC, Binance aims to enhance the reliability and stability of the fund, ensuring it remains at $1 billion. USDC, known for its transparency
The recent launch of Omni Network’s OMNI token on April 17, 2024, was supposed to be a momentous occasion for the Layer-1 testnet blockchain ecosystem. The project aimed to improve Ethereum rollup interoperability, attracting significant attention from early test network users, developers, and community participants. However, the event was marred by the presence of a
Chainlink’s LINK price has recently retested the $12.00 support zone, indicating a possible shift in market sentiment. This retest could provide an opportunity for a recovery wave above the $13.50 and $15.00 resistance levels. However, the current bearish signs below the $15.00 resistance against the US dollar suggest that there may be further downside potential.