Month: February 2024

US Treasury Secretary Janet Yellen Urges Congress To Pass Crypto Legislation

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In a recent statement before the House of Representatives, US Treasury Department Secretary Janet Yellen emphasized the need for Congress to pass legislation that provides clarity and regulation in the crypto markets.  Secretary Yellen Calls For Action ‘Digital Asset Risks’  During the Financial Committee hearing, Yellen highlighted the “risks” associated with digital assets and called for measures to address potential vulnerabilities and non-compliance with applicable laws and regulations. Yellen specifically mentioned concerns related to runs on crypto-asset platforms, stablecoins, and the “proliferation” of platforms acting outside regulatory boundaries.  The Treasury…

XRP Buy Signal Goes Off, Analyst Says This Is How Long Uptrend Will Last

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An analyst has recently explained how a buy signal has formed for XRP on its weekly chart, which could lead to an uptrend lasting for this long. XRP Has Observed A TD Sequential Buy Signal Recently In a new post on X, analyst Ali discussed a buy signal forming in the weekly price of XRP. The relevant indicator is the “Tom Demark (TD) Sequential,” a technical analysis tool for pinpointing probable reversal points for any asset’s price. This indicator is made up of two phases. The first phase is called…

About $1,220,000,000 in Ethereum (ETH) Has Exited Known Crypto Exchange Wallets in Just Three Weeks: Analyst

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Cryptocurrency analyst and trader Ali Martinez says hundreds of thousands of Ethereum (ETH) are leaving crypto exchanges as holders accumulate the native asset of the leading smart contract protocol. Martinez tells his 43,400 followers on the social media platform X that Ethereum potentially is facing a decline in selling pressure after the crypto asset recorded significant outflows from exchanges in less than a month. “In the past three weeks, nearly 510,000 ETH have been withdrawn from known crypto exchange wallets, totaling a value of approximately $1.22 billion! This significant outflow…

New Milestone For Google And MultiversX, Partners Launch New Data Integration

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In a new development for their partnership, MultiversX has announced its integration with Google BigQuery, marking a significant milestone in making blockchain data more accessible and insightful, per an official post. MultiversX Ecosystem Gains a Boost With BigQuery Integration This integration hints at potential growth for the MultiversX ecosystem, underscoring the network’s commitment to enhancing the user experience and assisting its developer community by providing them with new tools. With this latest collaboration, Google replicates its role as the internet’s information custodian by making MultiversX’s blockchain data readily accessible through…

Bitcoin NFTs ‘Quantum Cats’ Fetching 0.24 BTC ($10K+) on Magic Eden Marketplace

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Here’s Why A Bitcoin Bull Run In 2024 Is Inevitable

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The expectations of a Bitcoin bull run in the year 2024 continue to drive investment decisions across the space. A number of reasons have been given for the expected bull run, including the approval of Spot Bitcoin ETFs for trading as well as the upcoming BTC halving event. One analyst has echoed the latter, elaborating on why the halving will bring about a bull market. The Bitcoin Halving Event Will Send Market Higher Crypto analyst James van Straten took to X (formerly Twitter) to explain why the Bitcoin halving event…

PEPE Ready To Make A Comeback? On-chain Indicators Have The Answer

The PEPE meme coin has seemingly faded into the shadow as new and exciting meme coins make it to the fore. This can be attributed to the likes of BONK and other Solana ecosystem meme coins that have taken the attention away from the Ethereum ecosystem. However, as excitement around these new meme coins begins to wane, expectations fall back to the leaders of the market, one of which is PEPE, who could be getting ready to make a comeback. What On-Chain Indicators Say About PEPE On-chain indicators are one…

COPA claims visible forgery in Craig Wright’s Bitcoin origin document

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On the second day of the Craig Wright v. COPA trial, the plaintiff claimed that Wright had forged the date in his infamous “Nakamoto is the Japanese Adam Smith” document. This document is pivotal to the case, as Wright showed it in a video back in 2019, where he claimed to be Bitcoin’s originator, Satoshi Nakamoto. The date stamp on the document shows that it was from 2008, before the Bitcoin whitepaper was published.  COPA highlighted that the numeral “08” in the document’s date appeared smaller than the “20” and…

IBIT Bitcoin (BTC) ETF Ranks Fifth in All ETF Inflows

The only funds that have topped IBIT’s $3.2 billion of year-to-date inflows are mammoth longstanding index ETFs from iShares and Vanguard that offer exposure to the S&P 500 or the total stock market. In the number one spot with $13 billion in inflows thus far this year is the iShares Core S&P 500 ETF (IVV), which has a whopping $428 billion in assets-under-management (AUM). Number two with $11.1 billion in inflows is the Vanguard 500 Index Fund ETF (VOO), which has nearly $398 billion in AUM. Source