The Elliot Wave theory has gained popularity among Bitcoin analysts for its ability to provide insight into where the cryptocurrency’s price may be heading. One pseudonymous crypto analyst, XForceGlobal, recently utilized this theory to make predictions about the future of the Bitcoin price. By breaking down the price movements into 5 waves and subwaves, XForceGlobal
admin
The cryptocurrency market has seen a surge in volatility recently, leading to fluctuations in investor sentiment. Bitcoin, for example, experienced a sharp drop from nearly $70,000 to below $66,000 in just a day, currently trading at around $66,300. This sudden correction was further amplified by the news of the US government transferring $2 billion worth
In a move to revamp its digital assets industry, The Bahamas Securities Commission recently announced the passage of the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024). This legislation comes nearly two years after the collapse of FTX, a major exchange headquartered in the country. The goal of DARE 2024 is to establish regulatory
Trader and analyst Roman has recently made a bold prediction regarding the future of the ETH price. According to Roman, investors should lower their short-term expectations for Ethereum. He mentioned in an interview with Hall of Flame that he doesn’t foresee Ethereum performing well in the coming months. This prediction comes at a time when
Cardano (ADA) has recently experienced a downward trend, with a significant 8% drop last week. However, there is a glimmer of hope in the potential formation of an inverted hammer on the weekly chart. This pattern indicates a potential reversal from bearish to bullish, but confirmation is needed with a subsequent bullish candle. Despite this
In a bold move, Jonathan Mann and Brian L. Frye have taken legal action against the US Securities and Exchange Commission (SEC) regarding the classification of NFTs representing digital art. The crux of the issue lies in whether these unique digital artworks should be deemed securities under US law. Mann, a well-known figure for his
Doodles has recently introduced their Super Pass on DoodlesTV, now available for minting on Coinbase’s Base platform. This move marks a significant step in the evolution of Doodles from a mere collection of NFTs to a comprehensive Web3 entertainment company. Exclusive Access and Community Interaction Super Pass holders are granted direct access to exclusive drops,
Samuel Edyme, also known as HIM-buktu, is a web3 content writer, journalist, and aspiring trader who has made a name for himself in the crypto space. His journey into the world of cryptocurrency was not a smooth one, as he initially fell victim to a Ponzi scheme. However, instead of giving up, he used this
Cardano (ADA) has recently experienced a significant surge in Exchange Traded Product (ETP) inflows, with institutional investors injecting a substantial amount of capital into the cryptocurrency. This unexpected increase in investment could potentially set the stage for an uptrend in the near future, particularly with the upcoming Chang hard fork. According to a report released
21Shares, a part of 21Shares AG, recently announced the integration of Chainlink Proof of Reserve on the Ethereum mainnet. This integration aims to improve the transparency of the Ethereum reserves that back the 21Shares Core Ethereum ETF (CETH). The ETF, which is physically backed by Ether, tracks its performance and provides investors with a more
BlackRock, a major player in the investment management industry, has recently confirmed that it has no immediate plans to launch a Solana (SOL) ETF. This decision comes despite the success of their Bitcoin and Ethereum spot ETFs that were launched earlier this year. The company’s Chief Investment Officer, Samara Cohen, made it clear in a
The US Securities and Exchange Commission (SEC) has recently announced its plans to amend its original complaint against Binance. This move might potentially eliminate the need for the court to make a decision on tokens that were previously classified as securities. The joint filing by the SEC, Binance, its US affiliate, and founder Changpeng Zhao
Goldman Sachs CEO David Solomon recently made comments regarding Bitcoin’s potential as a store of value, likening it to gold. While he expressed some optimism about the underlying blockchain technology, he maintained a cautious stance towards the cryptocurrency. Solomon emphasized that he sees Bitcoin as more of a speculative investment without a clear use case.
Over the past few days, Shiba Inu has experienced a 3% dip in its price, leading to concerns among investors. However, despite this short-term setback, there are indications that suggest a potential rally in the near future. It is essential to closely examine the different factors at play to make an informed decision about the