Day: December 6, 2023

What Is Web3 Technology? Meaning, Projects And How To Invest

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The path from the Bitcoin whitepaper to the bustling ecosystem of Web3 technology has been nothing short of revolutionary. In this guide, we trace the evolution of digital currencies as they pave the way for the Web3 frontier—a new internet paradigm underpinned by blockchain technology and decentralized ideals. This guide aims to provide a comprehensive understanding of Web3 technology. We’ll delve into the web3 meaning, web3 projects, web3 domains, explore its foundational concepts, and examine how to invest in web3. As we unpack the essence of Web3, we’ll reveal why…

Global policymakers are still pushing CBDCs despite their failures

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Despite the risks and the failures associated with central bank digital currencies (CBDCs), global policymakers are pushing forward to make them a reality.  In November alone, officials from the International Monetary Fund (IMF), Bretton Woods Committee, and Bank for International Settlements (BIS) issued rallying calls for governments to push forward on CBDCs with courage and determination. But rather than double down on a bad idea and waste further resources in this pursuit, policymakers should let this idea go and focus on more fundamental reforms that would create a freer financial…

Analyst Predicts Another Leg-Up With Price Target

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The recent Bitcoin rally has brought a number of things to the forefront and one of those is a bullish Bitcoin fractal that has not returned in two years. Crypto analyst FieryTrading was the one to point this out in a recent analysis of the leading cryptocurrency as something that could serve as evidence that the rally will continue. Bitcoin Bullish Fractal Makes A Comeback The crypto analyst pointed to a previously identified channel in the Bitcoin price that could suggest a bullish continuation. This channel often results after a…

Judge accepts Binance CEO CZ’s guilty plea, with sentencing in Feb

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A federal judge has accepted Binance founder Changpeng “CZ” Zhao’s guilty plea to money laundering but hasn’t decided if he can leave the United States before his February sentencing date. In a Dec. 6 filing to a Seattle District Court, Judge Richard Jones said he accepted Zhao’s guilty plea to one count of Bank Secrecy Act violations, which the Binance founder submitted over two weeks ago on Nov. 21 alongside his exchange’s $4.3 billion settlement with United States agencies. Part of the settlement deal saw Zhao step down as CEO…

Kaiko says beginning of altcoin season may be approaching

According to a Dec. 6 post on X from Kaiko, the altcoin market share volume reached 67% last week, with Bitcoin and Ethereum sitting at 28% and 11%, respectively.  As suggested by a leading source of cryptocurrency market data, this indicates a shift in investor sentiment and a growing appetite for altcoins. Chart watch With notable momentum since October, cryptocurrency enthusiasts are eagerly watching the charts, speculating whether this surge marks the beginning of a full-fledged altcoin season, a market cycle in which the price of a significant number of…

BTC Bulls Targeting $9 Million In 2 Years

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According to @RiggsBTC on X, Bitcoin (BTC) is poised for an “unprecedented” surge that could lift it to above $9 million in the next two years. Taking to X on December 6, @RiggsBTC asserted that the current Bitcoin bull run, which began in late 2022 when prices dumped to as low as $15,000, marks the start of a “supercycle,” a period where BTC will aggressively rally, extending gains.  BTC “supercycle” to $9 million | Source: @RiggsBTC on X Will Bitcoin Hit $9 Million In 2 Years? The asset manager attributes this…

Bitzlato ex-CEO Legkodymov pleads guilty to one count in Brooklyn court

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Anatoly Legkodymov, co-founder and former CEO of cryptocurrency exchange Bitzlato, pleaded guilty to one count of operating an unlicensed money services business on Dec. 6. Legkodymov appeared in New York Eastern District Court in Brooklyn before Judge Eric Vitaliano.  In court, Legkodymov agreed to dissolve Bitzlato and forfeit $23 million in cryptocurrency. He had filed a criminal cause for pleading, which is understood to indicate the intention of entering a guilty plea. Breon Peace, United States Attorney for the Eastern District of New York, said: “Legkodymov’s guilty plea today confirms…