Galaxy Digital CEO Mike Novogratz sees “a tremendous global demand for bitcoin,” emphasizing: “This is probably the first time in the history of bitcoin that we have true price discovery.” Noting that there is “a new army of buyers” and there is also “an army of salespeople,” he expects the price of bitcoin to be […] Source
Veteran trader and renowned chartist Peter Brandt has doubled down on his bullish outlook for bitcoin. After raising his bitcoin price target for this bull market cycle to $200K, Brandt pointed to “huge monthly bars” on his bitcoin price chart, stating: “My bet is that this is a ‘starting’ candle.” Peter Brandt’s Bitcoin Bull Run […] Source
From April 26, the UK economic crime legislation will include civil recovery orders for confiscating crypto assets. The United Kingdom government recently released Statutory Instrument documentation, stating that UK law enforcement authorities will be able to freeze crypto assets used in crime without requiring a conviction from the end of April. Published on February 29, the document outlines the amendments made to the Economic Crime and Corporate Transparency Act 2023, which expands the power of the National Crime Agency to Read more …
JPMorgan has cautioned investors that the price of bitcoin could fall to $42,000 after the halving event in April. The global investment bank’s analysts explained that $42K is the level they “envisage bitcoin prices drifting towards once bitcoin-halving-induced euphoria subsides after April.” The bank also recently stated that the bitcoin halving and the next major […] Source
In a landmark governance decision, Uniswap’s community has voted unanimously in favor of a proposal to reward UNI token holders who stake and delegate their tokens. The upgrade, aimed at revitalizing the protocol’s decision-making process, has garnered overwhelming support with over 10 million UNI tokens pledged in its favor. Historic Vote to Reward UNI Holders […] Source
In February, bitcoin miners discovered a total of 4,446 blocks, amassing earnings of $1.39 billion, with $71 million of this sum coming from onchain transaction fees. The revenue from bitcoin mining in February rose by $40 million compared to January, though the amount collected from fees saw a decrease this month. Bitcoin’s Hash Price Breaks […] Source
Bitcoin’s price reaches two-year high, Sam Bankman-Fried seeks near seven-year sentence, and U.S. government moves millions in BTC after price crosses $60K. Bitcoin breached $60,000 for the first time in over two years after rising over 6% on Feb. 28. The last time cryptocurrency traded above this mark was on Nov. 12, 2021, when Bitcoin started its reversal, falling over 67% to the macro low of $19,297 at the beginning of April 2022. Bitcoins bullish momentum came two days after Read more …
In February, a diverse group of crypto startups announced recent funding raises, signaling that investors’ interest in crypto may be on the rise again. For the first time since March 2022, venture capital investments in crypto startups witnessed an increase, reaching $1.9 billion in the fourth quarter of 2023. The figure represents a 2.5% rise from the third quarter, according to a recent PitchBook report. The growth is consistent with an apparent resurgence of investor interest in crypto startups in Read more …
Shiba Inu (SHIB) has experienced a remarkable surge in recent times, mirroring the broader optimism sweeping the cryptocurrency market. This uptrend coincides with Bitcoin’s impressive rise above $63,000. Shiba Inu Explodes On The Weekly Timeframe The memecoin has witnessed significant gains, with a solid 61% jump in a 24-hour timeframe, a more impressive 124% increase over the week, and a stellar 50% growth in the past month. Source: Coingecko Notably, SHIB has finally clawed its way into positive territory for Read more …
Ethereum co-founder Joe Lubin told ETHDenver attendees that crypto is part of the next super cycle and “we are ready for a new system of the world.” Crypto appears to be in a bull market, perhaps not by a technical definition, but most of the attendees at ETHDenver would agree that it sure feels like it. Even Ethereum co-founder and Consensys CEO Joe Lubin believes that things are looking up for crypto, and he’s convinced that the best is yet Read more …
The Securities and Exchange Commission has requested an extension to the deadline to file remedies-related discovery documents submitted by Ripple. Judge Analisa Torres has approved a request from the Securities and Exchange Commission (SEC) to extend the deadline for filing a submission that could lead Ripple Labs’ case to an end. Court documents filed on March 1 granted the SEC an extension to file its remedies-related discovery materials submitted by Ripple. The extension allows the regulator to file its opening Read more …
Several analysts have expressed optimism, suggesting that Cardano (ADA) is poised for a bullish market surge in the near term. ADA recently went on an impressive spike on the last day of February, registering a 14% gain to push its price above $0.7 for the first time since May 2022. Despite these gains, there have been concerns from some investors of ADA potentially falling behind in its performance relative to Bitcoin in the last bull cycle. Popular crypto analyst Dan Read more …