Author: Maria

Bitcoin (BTC) and the broader crypto market are at risk of a further downtrend following a recent development involving the US and German governments. On-chain data suggests that both governments are looking to offload a substantial amount of their BTC holdings.  US Government Send $240 Million In Bitcoin To Coinbase Prime On-chain analytics platform Arkham Intelligence revealed in an X (formerly Twitter) post that the US government had sent 3,940 BTC ($240 million) to Coinbase Prime. This has raised fears that the government may be looking to offload these crypto tokens, which would exert more selling pressure on the flagship…

Analysts at global asset management firm, Bernstein have expressed bearish sentiment for Spot Ethereum ETFs prospects. According to Bernstein analysts, Gautam Chhugani and Mahika Sapra, Spot Ethereum ETFs may see less demand than Spot Bitcoin ETFs due to a lack of staking features. Analysts Predict Sluggish Demand For Spot Ethereum ETFs In a new research report published on Monday, Bernstein analysts suggested that Spot Ethereum ETFs will likely experience a wane in investor demand following its launch. The analysts painted a bearish picture for the recently approved investment asset, noting that the enthusiasm for Ethereum Spot ETFs might be on…

The Ethereum Foundation has confirmed a significant security breach involving its official email system managed through the third-party service provider, SendPulse. Tim Beiko, a prominent figure at the Ethereum Foundation, raised the alarm on the social media platform X, revealing that the “[email protected]” mailing list had been compromised. This breach has exposed subscribers to phishing attempts designed to mimic official communications from the Foundation. Ethereum Foundation Issues Urgent Scam Warning The breach was initially disclosed by Tim Beiko, who posted a cautionary message on X. “PSA: it seems like the mailing list provider the EF uses for ‘[email protected]’ has been…

As the 2024 US presidential election looms, former President Donald Trump is making a calculated move to solidify support from a key voter base: cryptocurrency aficionados. Axios reports that Trump is in discussions to speak at the Bitcoin 2024 convention, scheduled for July 25-27 in Nashville, Tennessee. Trump Making Waves In The Crypto World Bitcoin 2024, organized by Bitcoin Magazine, is anticipated to be the premier BTC event of the year. Taking place immediately after the Republican National Convention, it offers a prime platform for Trump to assert his pro-crypto stance. Trump’s appearance at this event could mark a pivotal…

Bitcoin is emerging as a potential revolutionary force in developing nations, where economic woes are a constant struggle, often plagued by inflation, currency devaluation, and limited access to traditional financial systems. In Suriname, a South American nation facing significant economic hardship, a political hopeful is making waves with a bold proposition – adopting Bitcoin as the bedrock of the country’s financial system. Bitcoin First Maya Parbhoe, a self-proclaimed “Bitcoiner first, politician second,” is campaigning for president on a platform that hinges on widespread Bitcoin adoption. Her vision? To shield Suriname from the perils of a volatile national currency and unlock a…

Bitcoin might be experiencing tumultuous price action, but its fundamentals remain strong. Despite the risk of price falling in the short term, Standard Chartered, the global banking giant, has some bullish predictions for BTC. According to the bank’s emailed investment note, the world’s leading cryptocurrency could skyrocket to an eye-watering $150,000 by the end of 2024. Furthermore, their long-term forecast is that Bitcoin could peak at $250,000 in 2025. Standard Chartered Predicts Massive Bitcoin Price Surge The first half of 2024 is almost over and Bitcoin’s current price action has derailed more than many expected. However, analysts at Standard Chartered…

This month of June has been one to forget for Bitcoin and its investors, with the flagship crypto experiencing significant price declines. A recent development shows that Bitcoin miners were largely responsible for these price drops with a wave of sell-offs from them.  Bitcoin Miners Sold At An Alarming Rate Market Intelligence platform IntoTheBlock revealed in an X (formerly Twitter) post that Bitcoin miners have sold over 30,000 BTC ($2 billion). This is the fastest pace in over a year at which these miners have offloaded their BTC holdings. IntoTheBlock added that this wave of sell-offs has been prompted by…

Michael Saylor, the executive chairman of MicroStrategy, has ignited fresh debate about the potential of Bitcoin to reshape the global economy. In a recent podcast interview, Saylor painted a future where Bitcoin transcends its role as a digital currency, transforming into a cornerstone for “economic immortality” and global financial stability. Michael Saylor: Bitcoin Is The Solution  Michael Saylor laments the fleeting lifespan of most companies, which he claims averages a mere ten years. He posits that Bitcoin’s unique properties, particularly its digital and programmable nature, offer a solution. By acting as a secure, verifiable store of value, Bitcoin can facilitate…

Recent on-chain data suggests Bitcoin’s current woes might not yet be over as short-term holders continue to feel the heat. Bitcoin has failed to rebound significantly after a price decline in the past week, leaving many investors wondering whether to expect further declines in the coming weeks. Notably, data reveals short-term holders have been left wanting the most, especially as Bitcoin continues to trade under their realized price. Bitcoin Holders Continue Trading Under Short-Term Pain Point Short-term holders are generally known for buying into Bitcoin for only a few weeks at a time before selling for profits. Interestingly, just earlier…

A popular crypto analyst has explained how the Bitcoin price could be at risk of further downside based on the current distribution of BTC supply around the price. This Bitcoin Price Range Holds A Critical Supply Barrier In a recent post on the X platform, prominent crypto pundit Ali Martinez discussed how the price of Bitcoin could suffer more decline. The rationale behind this bearish projection revolves around the average cost basis of several BTC investors. Data from IntoTheBlock shows that around 5.45 million addresses purchased approximately 3.03 million BTC within the price range of $64,300 and $70,800. As highlighted…