Tag Archives: crypto news

Market Experts Update Ethereum Predictions: Is A 1,400% Rally To $50,000 Possible?

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Two market experts recently revised their predictions for Ethereum, with one claiming that the second-largest crypto token could rise to as high as $100,000. Interestingly, these ultra-bullish predictions align with some predictions made by financial institutions. Ethereum To Rise To $50,000 Ethereum maximalist Adriano Feria predicted in an X (formerly Twitter) Ethereum developer Eric Conner’s… Continue reading Market Experts Update Ethereum Predictions: Is A 1,400% Rally To $50,000 Possible?→

Bitcoin Holds Ground At $65,700 Amid Unchanged Fed Rates, Anticipating September Moves

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In the wake of the highly anticipated address by Federal Reserve Chair Jerome Powell, Bitcoin (BTC) maintained a steady course on Wednesday as the Fed opted to keep interest rates unchanged at 5.25%-5.50%.  Crypto Market Awaits Fed’s Next Move Powell, speaking at a press conference in Washington DC, hinted at the possibility of rate reductions… Continue reading Bitcoin Holds Ground At $65,700 Amid Unchanged Fed Rates, Anticipating September Moves→

Tether Reports Record-Breaking $5.2 Billion Net Profit In Latest 2024 Audit

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Tether, one of the largest crypto companies in the industry and issuer of the most widely used stablecoin USDT, has released its attestation report for the first half of the year, recording substantial gains that amount to nearly $1 billion per month. Transition To US Treasuries Pays Off According to the report, independently audited by… Continue reading Tether Reports Record-Breaking $5.2 Billion Net Profit In Latest 2024 Audit→

BNB Chain TVL Slumps 24% In Q2, Yet Vital Metrics Surge In Double Digits

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The BNB Smart Chain (BSC) experienced a mixed performance in the second quarter (Q2) of the year as the broader cryptocurrency market cooled off after a strong price surge in March. While BNB, the native token of the BSC, remained mostly flat, down 5% quarter-over-quarter (QoQ), the network’s key metrics showed both positive and negative… Continue reading BNB Chain TVL Slumps 24% In Q2, Yet Vital Metrics Surge In Double Digits→

Elliot Wave Theory Suggests Bitcoin Price will Crash Below $40,000

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The Elliot Wave theory has become very popular among Bitcoin analysts, given its effectiveness in helping to estimate where the cryptocurrency’s price is headed next. Using this same theory, pseudonymous crypto analyst XForceGlobal has estimated what could happen next for the Bitcoin price. Elliot Wave Theory Points To A Recovery In the analysis Elliot Wave… Continue reading Elliot Wave Theory Suggests Bitcoin Price will Crash Below $40,000→

Crypto Watch: Why Today’s FOMC Meeting Is The ‘Most Important Of Your Life’

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For the crypto and broader financial market, FOMC day is upon us once again today. And analysts agree that today’s meeting will be one of the most important in recent years. Kurt S. Altrichter, a financial advisor and founder of Ivory Hill, even describes today’s FOMC meeting as the “most important of your life.” In… Continue reading Crypto Watch: Why Today’s FOMC Meeting Is The ‘Most Important Of Your Life’→

XRP Price Jumps As Ripple Leadership Blasts SEC’s ‘Hypocritical’ Crypto Regulation

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The XRP price has climbed by over 4% within the last 24 hours, extending its bullish trend observed over the past month. This increase propelled the token to a four-month peak of $0.6377 early on Tuesday, outperforming the top 10 cryptocurrencies in the market. However, this recent surge in value coincides with strong criticism from… Continue reading XRP Price Jumps As Ripple Leadership Blasts SEC’s ‘Hypocritical’ Crypto Regulation→

Mt.Gox Creditors Reclaim 59,000 Bitcoin Via Exchanges, More Redistribution Imminent

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After over a decade of suspense, creditors of the defunct Mt. Gox Bitcoin (BTC) exchange have finally begun receiving long-awaited payouts this month. Data from research firm Glassnode shows that as of Tuesday, 59,000 of Mt. Gox’s 142,000 BTC had already been distributed to creditors via the Kraken and Bitstamp exchanges, with another 79,600 BTC to… Continue reading Mt.Gox Creditors Reclaim 59,000 Bitcoin Via Exchanges, More Redistribution Imminent→

Analyst Identifies Bullish Pattern That Can Send XRP Price To New Highs

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Crypto analyst Mikybull Crypto has identified a bullish pattern that can send the XRP price to new highs. This comes amid the growing increase in the investors’ bullish sentiment towards the XRP token.  Bull Pennant Pattern Forms On XRP’s Chart Mikybull Crypto stated in an X (formerly Twitter) post that XRP has formed a bull… Continue reading Analyst Identifies Bullish Pattern That Can Send XRP Price To New Highs→

$25 Million Drained From Compound (COMP) Treasury In Latest Governance Exploit Incident

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The Compound Finance (COMP) treasury has been drained of $25 million in a recent governance attack, raising alarms about the state of decentralized governance in the decentralized finance (DeFi) ecosystem. Compound DAO Hijacked According to researcher DeFi Ignas, the attack began with an initial proposal to grant 92,000 COMP tokens, submitted without prior discussion on… Continue reading $25 Million Drained From Compound (COMP) Treasury In Latest Governance Exploit Incident→