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Cape Town, South Africa Get ready for an extraordinary convergence of technology, culture, and innovation at Crypto Fest 2024!
The post Crypto Fest 2024: A Unique Celebration of Web3.0 Innovation and Culture in Cape Town, South Africa appeared first on Crypto Breaking News.
OKX stopped Naira withdrawals in May 2024 due to regulatory issues after Binance was accused of manipulating Nigerias currency and laundering money.
While challenges remain, Ripples victory has set a precedent that could shape the future of the cryptocurrency industry for years to come.
Ethereum co-founder Joseph Lubin says the SEC is engaging in strategic enforcement action instead of meaningful discourse with the cryptocurrency industry.
Market commentator Miya has outlined an interesting theory on why the Bitcoin price is poised to hit $110,000 by the end of the year. The expert alluded to current macro conditions and how it is bound to favor the flagship crypto at the end of the day. Why The Bitcoin Price Will Hit $110,000 In an analysis titled The Big Short against Retail, Miya predicted the Bitcoin price to reach $110,000 by the end of the year. At the same time, the expert expects the S&P 500 to drop to 4,700. She opined that the stock market is heading towards a bad summer, which is why she expects a lower low on the SPX but a pristine Bitcoin. Related Reading: Bitcoin Raging Bull Indicator Turns Back On, But This Level Holds The Key Basically, Miya expects the Bitcoin price to benefit from any potential downtrend in the stock market, with investors viewing it as a flight to safety. She remarked that the market is heading towards a terrible macro situation, which could cause stocks to crash. These predictions came as the expert commented on the nine consecutive green days that stocks have enjoyed and why she believes it wont last long. The market commentator noted that Donald Trump has made three main promises to the market: lower rates, tariffs, and taxes. These promises are expected to be kept, and she claims that the market is pricing them in as a sure thing. Traders are currently betting on a rate cut in June, while the US and China are set to meet to agree on a lower tariff. Lower taxes could come following a successful tariff policy. Thanks to this, the stock market has been on a nine-day-long uptrend, while retail traders have made profits by buying the dip. However, Miya has warned that the market isnt as strong as it looks and could soon blow up, with the Bitcoin price benefiting when this projected crash happens. Why The Stock Market Is Bound To Crash The expert noted that this false idea of up-only gives retail investors the illusion of complacency, as they do right now with their $57 billion bid on top of retail accumulated shares. However, she remarked that eventually, this will unfold with the containership recession trade hitting the US in five days. BTC is expected to be a hedge against this macro situation, which would lead to a Bitcoin price surge. Related Reading: Bitcoin Price Falters: Why Has The 5th Wave Been Elusive Below $100,000? Miya explained that all the Magnificent 7 earnings in the last season have been massively skewed and were useless information, meaning they cannot be relied on to show a strong market. She added that TMT firms that manufacture physical hardware usually manufacture in waves, so the actual impacts will show up in their H2 capex over Q1 results, meaning the impact of tariffs hasnt exactly started kicking in. At the time of writing, the Bitcoin price is trading at around $96,500, up over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
An analyst has explained how Bitcoin seems to be showing a good setup to reach escape velocity based on the trend in this indicator. Bitcoin VWAP Oscillator Has Been Showing A Bullish Divergence As explained by analyst Willy Woo in a new post on X, a bullish divergence has appeared to be forming in the [...]
The post Bitcoin To Reach Escape Velocity? Analyst Makes The Case appeared first on Crypto Breaking News.
SBM Intelligence emphasized that detaining foreign business officials could make it challenging for the country to attract investors.
This week marked a milestone as the number of Ordinal inscriptions minted on the Bitcoin blockchain crossed the impressive 20 million threshold. But despite this achievement, Bitcoin-based non-fungible token (NFT) or Ordinal marketplace sales have witnessed a downturn since mid-July. Once consistently taking the second spot week after week in the NFT sales ranking, Bitcoin-based [...]
The post Ordinals Reach 20 Million Milestone, But Bitcoin-Based NFT Sales Slide appeared first on Crypto Breaking News.
The recent impact of Trump’s comments on Bitcoin on the price of the cryptocurrency and the Purchasing Managers’ Index (PMI) has raised questions about the roadmap for the business cycle. The intersection of political rhetoric and market movements has become more pronounced in today’s interconnected global economy. President Trump’s tweets and statements about Bitcoin have [...]
The post Predicting the Future: How PMI’s Roadmap is Shaping the Post-Trump Bitcoin Landscape appeared first on Crypto Breaking News.
In brief An ETF, or exchange-traded fund, is a publicly-traded investment vehicle that tracks the value of its underlying asset—such as Bitcoin. Shares in a Bitcoin ETF would be tradable on a traditional stock exchange. The SEC has repeatedly rejected proposals for Bitcoin ETFs in the U.S., but there is new optimism in 2021 that [...]
The post What Is a Bitcoin ETF, and Why Does Everyone from Blackrock to Fidelity Want One? appeared first on Crypto Breaking News.
The long-standing legal feud between FTX Trading and Genesis Global Holdco is taking a turn towards resolution. The two parties have reached an initial agreement, in principle, following bankruptcy protection disputes that have made industry headlines. An official letter to the bankruptcy judge representing their cases has affirmed the intent of the firms to put [...]
The post Bankruptcy Tussle Between Crypto Firms FTX and Genesis Nears Resolution appeared first on Crypto Breaking News.
The Ethereum Foundation has announced the final releases of client upgrades ahead of the upcoming Shanghai/Capella upgrade on Ethereum mainnet, scheduled for April 12th. The All Core Developers Consensus (ACDC) call was chaired by Ethereum Foundation researcher Alex Stokes, who kicked off the meeting with updates from representatives of Ethereum client teams, who gave updates […]
As the crypto industry continues to seek regulatory clarity from regulators in Washington, D.C., regulators are nonetheless taking targeted action against a variety of players in the space. The U.S. Securities and Exchange Commission in particular has been busier than ever, investigating and fining crypto firms that it asserts are selling unregistered securities. On March [...]
The post What Is a Wells Notice and What Does It Mean? appeared first on Crypto Breaking News.
As Ethereum’s Shanghai upgrade approaches next month, the network’s Sepolia testnet has successfully upgraded, simulating the scheduled hard fork.
Ethereum developers recently held their 103rd All Core Developers Consensus call, discussing testing progress for the upcoming Shanghai and Capella upgrade. The testing included new software, such as the MEV-Boost, builder, and relay software, on test networks where the Shanghai upgrade had been activated, such as the Zhejiang testnet and Devnet 7. These tests have been […]
Ethereum (ETH) has been on an uptrend since late November, consolidating within a bullish technical formation. The competitive price action between bulls and bears has [...]
The Ethereum blockchain’s core developers have set the launch date of the Ethereum Shanghai/Capella upgrade on the Sepolia test network. What: The Ethereum blockchain’s core [...]
LOST's entry into the metaverse with LOST Island will provide users with game-changing escape game experiences as the company has initiated various upcoming initiatives, the company told Blockchain.News. (Read More)
If blockchain innovation is to arrive at genuine mass reception, it should become less expensive and more productive. Low exchange throughput on probably the most famous blockchains, most remarkably Ethereum, has kept gas expenses high and impeded versatility. A large group of new undertakings has sprung up to further develop proficiency in the blockchain space, … Continue reading Espresso, a privacy-focused blockchain built by cryptography researchers of Stanford…
The evolving political environment presents a significant opportunity for the cryptocurrency industry, as highlighted by US Representative Bryan Steil. The intersection of politics and digital assets is a compelling space where innovation and regulation meet. Steil emphasized the need for policymakers to better understand the potential benefits of cryptocurrencies and blockchain technology. Steil acknowledged that [...]
The post US Rep. Steil highlights massive cryptocurrency opportunity amidst shifting political landscape appeared first on Crypto Breaking News.
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