Cryptocurrency
Bitcoin Double Top Formation Raises Alarm Bells for Investors
Bitcoin's double top pattern could signal a drop to $50,000 if the support level is breached. Upcoming PCE data may support Fed rate cuts, potentially…
Korean Financial Institute Raises Concerns Over Spot Crypto ETFs
The KIF has decried the impact of spot ETFs on the nation’s local economy. Crypto ETFs risk siphoning investment from local markets, potentially stunting domestic…
Mt. Gox Trustee Initiates Bitcoin, Bitcoin Cash Payouts to Creditors
Mt. Gox to start Bitcoin and Bitcoin Cash repayments to creditors by July 2024. 142,000 BTC and 143,000 BCH will be distributed, resolving long-standing claims.…
Bitcoin ETF Outflows and Fed Uncertainty Drive Cryptocurrency Market Decline
Bitcoin falls below $63,000 due to prolonged ETF outflows and broader economic uncertainty. Top 100 digital assets drop 5% in a week, signaling reduced risk…
Asia’s Microstrategy? Metaplanet’s Bold $1B Bitcoin Bet
Metaplanet to buy 1B yen in Bitcoin with bond funds. Bitcoin for long-term holding recorded at cost, exempt from market value taxes. Bitcoin for operations…
Will Tokenized Assets Reshape Finance? McKinsey’s $4 Trillion Forecast
McKinsey predicts tokenized financial assets could hit $2T by 2030, with cash, bonds, and ETFs leading early adoption. Tokenization faces adoption challenges due to regulatory…
XRP Struggles Despite Ripple’s Legal Win Over SEC
All charges against Ripple were dropped by a California judge, except one. The SEC lowered the $2 billion fine to $102.6 million. XRP is down…
Football Icon Ronaldinho Pushes for Crypto Adoption, Sparks Debate
Ronaldinho’s post got 2.2M views and 3.4k retweets. ZachXBT accused Ronaldinho of promoting pump-and-dump schemes. High-profile crypto endorsements raise concerns about exploiting fan trust. Brazilian…
Ark Invest CEO Cathie Wood Endorses Trump, Cites Economic Record
Cathie Wood, CEO of Ark Invest, pledges support for Trump in the election, citing strong economic policies. Wood references historic economic performance pre-COVID under Trump,…
Gemini Founders Breach Bitcoin Donation Cap in Trump 2024 Fundraising
Winklevoss twins exceed donation limits to Trump's campaign, receiving refunds in excess Bitcoin. Trump aligns with the crypto community, accepting Bitcoin donations amid regulatory clashes.…
