The U.S. Securities and Exchange Commission’s admission that it misrepresented evidence in a lawsuit against the blockchain project DEBT Box casts doubt on its wider enforcement practices, several Republican senators argued in a letter to Chair Gary Gensler. Source
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. After an extended consolidation, Dogecoin (DOGE) is recovering from its recent bottom, and firm. However, traders are diversifying and hedging with Sponge V2 following its launch on Polygon. Dogecoin is recovering Analyst Naem believes Dogecoin may be “bottoming out” following a resistance breakout. The analyst also highlighted a “bullish pennant” chart pattern and “volume inflow.” Since posting the analysis on Jan. 23, Dogecoin’s price has climbed 3.8%, confirming the…
The Department of Energy’s statistics wing is feigning an “emergency” to attack legitimate U.S. businesses and score political points, Texas Blockchain Council President Lee Bratcher and Chamber of Digital Commerce CEO Perianne Boring write. Source
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Tom Dunleavy, Partner and Chief Investment Officer (CIO) at MV Capital, recently elaborated on the reason for his price predictions for Bitcoin and Cardano. As part of his predictions, the crypto analyst had, at the beginning of the year, stated that Bitcoin was going to hit $100,000 soon enough. Why Bitcoin Will Rise To $100,000 In an interview with Scott Melker, Dunleavy alluded to the Bitcoin Halving as the reason why he believes Bitcoin will hit $100,000. Interestingly, he stated that this prediction was a “bit light” if the past…
Vitalik Buterin, the co-founder of the Ethereum blockchain, has previously written about the different types of provers, arguing that the benefit a Type 1 prover is that it is perfectly compatible with Ethereum, while the disadvantage is that there’s a lot of computation power that goes into producing ZK-proofs that are compatible with Ethereum, taking up to hours to produce. Source
The recently launched spot bitcoin ETFs, excluding Grayscale’s GBTC, added nearly another 5,000 tokens to their holdings Wednesday, and now at more than 192,000 BTC, own more of the crypto than MicroStrategy (MSTR), whose total stood at 190,000 as of the end of January. Original
On-chain data shows an Ethereum metric is giving a bullish signal as the cryptocurrency’s price has broken past the $2,400 barrier during the past day. Ethereum Has Continued To Leave Exchanges Recently In a CryptoQuant Quicktake post, an analyst explained the recent relationship between the Ethereum price and data of the exchange netflow indicator. The “exchange netflow” here refers to a metric that keeps track of the net amount of the asset entering or exiting out of the wallets of all centralized exchanges. The indicator’s value is calculated by subtracting…
A practical, unbiased, and proven approach could classify bitcoin as another building block in institutional investors’ portfolios. Original
Looking further ahead, Thielen forecasted further upside for bitcoin based on Elliott Wave theory, a technical analysis that assumes that prices move in repetitive wave patterns. Price trends develop in five stages, according to the theory, of which waves 1, 3, and 5 are “impulse waves” representing the main trend. Waves 2 and 4 are retracements between the impulsive price action. BTC completed its wave 4 retracement by correcting to $38,500, according to Thielen, and has now entered its last, fifth impulsive stage of this uptrend targeting $52,000 by mid-March.…