Author: finance
The founder of Cardano, Charles Hoskinson, recently announced the activation of the much-awaited Plomin hard fork. He acclaimed this as the advent of “the most robust blockchain government across the globe”. In a stream titled “Welcome to the Plomin Era”, Hoskinson illustrated the decade-long journey of the network. He also elucidated how the new governance would shape Cardano’s future. Since its inception in 2015, Cardano’s journey has been a testament to the relentless efforts of many people spread across the world. Engineers, translators, stake pool operators, and other community members have tirelessly worked behind the scenes making significant contributions to…
The cryptocurrency landscape is brimming with speculation and forecasts, many of them centered around the projected trajectory of Bitcoin (BTC). In a recent correspondence, Matt Hougan, the Chief Investment Officer for Bitwise, delved into the implications of the Bitcoin 4-year cycle under the administration of Donald Trump. He delved into whether a potential shift in political perspective towards cryptocurrency in Washington DC could stretch the current bull market until 2026 or even further. The Dynamics of the Bitcoin 4-Year Cycle The Bitcoin 4-year cycle signifies the virtual asset’s historical price tendencies, generally involving three years of robust appreciation, followed by…
Cryptocurrency enthusiasts are likely to be enthralled by the recent news concerning Dogecoin (DOGE), the renowned meme coin. Technical analyses suggest that Dogecoin could be on the brink of a momentous price rally. An Ascending Triangle pattern on DOGE’s 4-hour chart has been identified, hinting that a breakout may be imminent. The Ascending Triangle, a bullish continuation pattern, coupled with a resurgence from an oversold Relative Strength Index (RSI), fuels the hype further. Noteworthy Chart Pattern of Dogecoin Bolsters Possibility of Breakout Traditionally viewed as a sign of bullish sentiment, an Ascending Triangle is a pattern formed by a flat…
The world of cryptocurrency has been on a rollercoaster ride of late, with Bitcoin (BTC) seeing a particularly tumultuous track. The crypto king initially stumbled to a week’s low of $97,700 on Monday but quickly dusted it off, bouncing back to surpass $105K within a stretch of three days. This rapid resurgence has rekindled investor optimism, spurring anticipation for an ongoing bullish trend. This positive investor sentiment has been further fueled by an encouraging update from the Federal Reserve’s recent meeting. The Fed revealed an upbeat projection for the U.S. economy, which in turn bolstered the appeal of risk-bearing assets…
In a pioneering move within the cryptocurrency asset management landscape, Grayscale introduces its innovative investment product designed to enable investors to tap into the Bitcoin mining ecosystem. Unveiled as the Grayscale Bitcoin Miners ETF (MNRS), this exchange-traded fund is fashioned to cater specifically to companies deeply affiliated with the Bitcoin mining industry. Unveiling the Concept of the Bitcoin Miner ETF Based on the Indxx Bitcoin Miners Index, the fund’s primary focus is companies that earn a substantial portion of their revenue from Bitcoin mining or associated operations such as software and hardware development. Although the ETF doesn’t invest directly in…
In the heart of blockchain analysis, Glassnode has recently come forward to debunk a prevailing belief in the Bitcoin community concerning the downtrend in the Exchange Balance over this period. In this article, we delve into the nuances of this discovery and shed light on the dynamic nature of the available Bitcoin supply. Demystifying the Myth Surrounding Bitcoin’s Supply Decrease In its recent weekly communiqué, Glassnode delves into a common misconception that has been making rounds in the Bitcoin community about declining Exchange Balance during the present cycle. In this context, the “Exchange Balance” denotes an on-chain gauge that quantifies…
Introducing a compelling analysis of the reactive cryptocurrency market, where Bitcoin (BTC) is once more on a bullish trajectory following the Federal Reserve’s stance on keeping the interest rates constant. In the aftermath of a widespread market sell-off, optimism is gradually returning, and among the beneficiaries are specific altcoins exhibiting considerable growth potential. As they ride on the back of solid fundamentals, increasing uptake, and burgeoning community engagement, these cryptocurrencies may record additional gains if the bullish trend persists. Finbold, a renowned financial news portal, has pinpointed two promising digital assets inching closer to the significant $1 billion market cap…
In the current booming world of decentralized exchanges (DEX), Solana appears to be eclipsing Ethereum, grabbing an impressive 50% of the market share. At one point, it even claimed a near-total dominance at 89%. This meteoric rise has been driven by two primary factors: 1. The ascending popularity of the Pump.fun launchpad, which simplifies the process of introducing meme coins. 2. The successful launch of the $TRUMP and $MELANIA coins on the Solana blockchain. However, such monumental growth comes with its challenges, primarily an unprecedented strain on Solana’s architecture. Yet, there could be a silver lining – the advent of…
Diving into the rapidly evolving cryptocurrency universe, we spotlight the remarkable journey of Michael Saylor, the co-founder of MicroStrategy, whose visionary alignment with Bitcoin (BTC) has earned him a spot on the esteemed cover of Forbes Magazine. His unique endeavour to morph MicroStrategy into what many consider to be a proxy company for Bitcoin has sparked a wave of interest in the crypto realm. Saylor’s story, filled with strategic investments and an astoundingly growing wealth portfolio, underscores the rising influence of cryptocurrencies and the disruptive power of Bitcoin. Saylor’s Bitcoin Kingdom The narrative unfolds during a critical milestone in the…
The Bitcoin financial services platform Swan’s co-founder, Brady Swenson, launched a wave of allegations against Ripple CEO Brad Garlinghouse on the 29th of January. Swenson started by emphatically stating that Garlinghouse was corrupt and lacked integrity. He blamed Garlinghouse for a series of actions marked by misleading investors, propelling exaggerated narratives, and prospering at the cost of others. Allegations against Ripple’s CEO by Swan’s Co-Founder Swenson’s series of accusations began with the problem of insider dumping. He stated, “Ripple executives, including Garlinghouse, offloaded billions of XRP onto retail investors” while concurrently propagating optimistic projections for the token’s potential. Swenson labeled…