Mike Novogratz’s billionaire firm, Galaxy Digital, has shared some insights about the upcoming Bitcoin halving. Contrary to past trends, where Bitcoin would surpass previous records after a halving, Galaxy Digital suggests a deviation from this pattern based on their analysis of the Bitcoin halving event’s impact. Galaxy Digital Notes Shift in Bitcoin Halving Trend Galaxy … Read more
President Joe Biden maintains a positive outlook on the possibility of the Federal Reserve reducing interest rates in response to the current economic challenges marked by rising inflation. Despite indications of accelerating inflation nationwide, the president stays hopeful. In simpler terms, this predicament poses significant challenges to the economy as it impacts consumer spending and … Read more
David Pan, the creator of the Taiwanese cryptocurrency platform ACE, is among seven individuals accused of fraud and money laundering by prosecutors. As stated in the official communique, a judge has authorized the seizure of Pan’s possessions. Crypto Fraud Investigation Ends With Indictment And Seizing Of Assets In January 2024, it was revealed that one … Read more
Uniswap Labs, the company behind the popular cryptocurrency platform Uniswap, has received a warning from the U.S. Securities and Exchange Commission (SEC) signaling possible legal action. This news is seen as a major hurdle by the crypto community, indicating that the industry may soon face a significant lawsuit from the SEC. Charles Hoskinson Advocates for … Read more
Zach Rector, an experienced cryptocurrency analyst, has brought up an intriguing notion: XRP could experience a significant reduction in supply due to a potential large-scale token destruction event. This prospective occurrence would likely result in a substantial increase in value for the crypto token, given the influence of token burns on a digital currency’s worth. … Read more
Based on Galaxy Digital’s latest market analysis, the search volume for “Bitcoin” on Google surpasses that of both “Taylor Swift” and “Beyoncé”. BTC Popularity and Key Catalysts In addition, Mike Novogratz noted that the search volume for Bitcoin on Google hit its peak in the past year during March. This isn’t shocking given Bitcoin’s upward … Read more
In their latest market analysis, Galaxy Digital’s team, led by billionaire Mike Novogratz, points out that the approaching Bitcoin halving is distinct from past occurrences. In past bitcoin market cycles, reaching new record highs following a halving event was typical. But contrastingly, this occurrence did not materialize during the most recent cycle. On March 14, … Read more
Recent trading activity data from the blockchain indicates a decrease in Solana and other leading cryptocurrencies’ trading volumes. This observation offers some insights into current market trends. Solana, Bitcoin, And Ethereum Trading Volumes Have Declined Over Past Month Based on information from the crypto analysis company Santiment, trading activity in the digital currency market has … Read more
Chainlink has unveiled the debut of its Chainlink Functions feature on Base, a layer-2 blockchain created by Coinbase and fortified by Ethereum. With this integration, developers on Base now possess sophisticated computing abilities. They can link smart contracts with external APIs and execute dependable computations, minimizing the need for trust. Incorporating Chainlink Functions onto Basis … Read more
Over the past three months, short sellers have experienced a loss of approximately $1.92 billion due to their bearish positions against MicroStrategy. The practice of short selling in the cryptocurrency sector has surged recently. Among all crypto assets, it is MicroStrategy that has caused the most significant losses for short sellers during the last week. … Read more