(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.) The global elites have various policy tools to prop up the status quo, which inflict pain now or later....Read More
U.S. Bankruptcy Judge Sean Lane approved Genesis Global’s Chapter 11 liquidation plan on Friday, enabling the bankrupt cryptocurrency lender to return approximately $3 billion in cash and crypto to its creditors. This ruling means that its parent company, Digital Currency Group (DCG), will not recover anything from the bankruptcy proceedings. DCG Left with No Recovery...Read More
As the reaccumulation phase of this cycle stretches on, Litecoin whales have tapped into the spree, refusing to be left out. Data from crypto market intelligence platform IntoTheBlock revealed that LTC’s largest investors accumulated more than 2.75 million litecoins in the past 30 days, indicating significant activity. LItecoin Whales Accumulate 2.7M LTC The tweet by...Read More
Ether (ETH) surged 10% on Monday in the span of a few minutes following credible rumors that the asset could receive its own spot ETF in the United States within days. ETH traded for $3150 on Monday at 17:44 UTC, before surging to $3450 within 25 minutes. This followed a tweet from Bloomberg ETF analyst...Read More
A UK judge has officially ruled that Craig Wright is guilty of forgery “on a grand scale” following the computer scientist’s decisive court loss in March. In a written judgment published on Monday, High Court Justice James Mellor said Wright lied “extensively and repeatedly” in court to support his “biggest lie” – his claim to...Read More
[PRESS RELEASE – Zug, Switzerland, May 20th, 2024] Decentralized funding protocol Polimec has launched with the goal of kickstarting a new era of community-funded Polkadot projects. The protocol provides a transparent way for teams to raise funds and issue tokens while maintaining regulatory compliance. The first project to feature on Polimec is Apillon, an infrastructure...Read More
American broadcaster and Bitcoin proponent Max Keiser believes the stablecoin issuer Tether and El Salvador, as well as the declining United States dollar (USD), will push BTC’s price to $220,000 in no distant time. In a Saturday tweet, Keiser said the USD is doomed because inflation will “sky harder,” while this happens, BTC will be...Read More
Michael Sonnhenshein – CEO of the world’s largest Bitcoin ETF, Grayscale – has stepped down from his position, according to a company press release on Monday. The report said that Sonnhenshein will be replaced by Peter Mintzberg, who currently serves as the global head of strategy of Goldman Sachs’ Wealth Management Division. Mintzberg will assume...Read More
The weekly recovery of over 7% has pushed bitcoin’s price briefly above $67,500 – a level not seen in almost a month. The world’s leading crypto asset is currently eying to establish a new peak. With the latest upward price action, BTC has found new support. If flipped, however, this level could also prove to...Read More
Bitcoin (BTC) network activity has significantly declined in the creation of new addresses, hitting its lowest point since July 2018. Despite this, though, BTC is trading around $67,000 after gaining over 7% in the past week. Bitcoin Network Activity Declines Data from the market intelligence platform IntoTheBlock reveals a 7-day average of only 276,000 new...Read More
The final deadline for the first spot Ethereum ETF is Wednesday, May 23. This is when the SEC will approve or deny VanEck’s application. The Ark 21Shares spot ETH ETF application deadline is on the following day, Thursday, May 24, but what happens Wednesday will set the tone for the rest of the issuers. Other...Read More
The highlights of the economic week ahead are the Federal Reserve meeting minutes and a big earnings report from semiconductor giant Nvidia. There are also reports on global manufacturing and services indexes and consumer inflation expectations which could influence markets a little. Economic Calendar May 20-24 Last week saw the U.S. Dow Jones Industrial Average...Read More
In the short term, the Bitcoin price appears to have been stuck within a range, but in the long term, the token is following a pre-programmed upswing. After the well-known rebound from levels below $60,000, the price is following a notable ascending trend, which appears to have revived a strong bullish trajectory within the markets....Read More
