Oliver Michel, founder and CEO of German-based venture capitalist firm Tokentus Investment AG, has given a bullish price prediction for the XRP price. According to him, XRP could hit $10 soon enough. XRP Price To $10 Is Just The Beginning Michel mentioned during an interview with Der Aktionär, a leading German finance magazine, that he expects XRP to rise to between $5 and $10 in the first wave of its parabolic move to the upside. Interestingly, he added that XRP would eventually hit three to four figures and didn’t seem…
Day: March 1, 2024
Satoshi Era Mega Whale Stirs, Shifts a String of 2,000 Vintage Bitcoins in a Single Block Worth $123M
Around 88 days ago, on Dec. 4, 2023, a mysterious mega whale, closely watched by onchain analysts at Cryptox.trade News, made waves again by transferring 2,000 ancient bitcoins from 2010 that was confirmed in a single block. Since March 2020, this entity has relocated a whopping 16,000 bitcoins that had been dormant since the day […] Source CryptoX Portal
UK lawyer claims ‘super villain’ behind $6b Bitcoin laundering case
Jian Wen faces charges of laundering Bitcoin in a London court as part of an alleged $6 billion investment scam, as her defense claims the scheme’s true mastermind manipulated her. The prosecution alleges Wen, working for her employer, Yadi Zhang, converted Bitcoin to cash via middlemen and purchased a Dubai flat with the funds. At the same time, Wen claims she was unaware that her employer’s wealth was criminally derived when over £1.7 billion in Bitcoin (BTC) was seized from her home. The defense argued that Zhang manipulated Wen, described…
Bitcoin Remains Above $62K Amid Crypto Market Slowdown
The crypto market has shown an incredible performance over the past week. Bitcoin has sustained momentum and risen above the $60,000 level, reaching $64,000. The levels reached at the end of February have suggested to many investors that March could be an even more impressive month for the current bullish rally. However, no prediction is set in stone, as many factors could swing investors’ sentiments and move the trends in the opposite direction. At the moment, the crypto market seems to have taken a small pause to catch its breath.…
ftNFT International Awards 2024 Announces Winners at a Glamorous Ceremony in Dubai
PRESS RELEASE. Dubai, UAE (March 1, 2024) – The ftNFT Annual International Awards celebrated the 2024 ceremony on February 27 at Dubai’s iconic Armani restaurant, unveiling this year’s winners. The event, known for its exclusivity and commitment to advancing the NFT and blockchain sectors, assembled premier talents and groundbreaking projects. These awards spanned a variety […] Source CryptoX Portal
UK Law Enforcement Will Soon Have More Power to Seize Crypto Assets
The provisions from the 2023 act that will come into force shortly include the civil recovery regime for crypto plus the crypto asset confiscation orders that allow authorities to take crypto-related items, defined as “an item of property that is, or that contains or gives access to information that is likely to assist in the seizure … of any crypto asset,” the legislation said. Source
OP Is Undervalued But Will Skyrocket Because Of Coinbase And Base
Adam Cochran, a partner and professor, is bullish about OP, the native token of Optimism, the layer-2 scaling solution for Ethereum. Taking to X, Cochran is convinced OP is undervalued, pointing to the significance of Coinbase and the brand it has created over the years as a crypto exchange and investor in multiple products. In 2023, Coinbase backed the development of Base, a layer-2 scaling solution for Ethereum that uses Optimism infrastructure for its optimistic roll-up. OP Will Rocket Because Of CoinBase And Base In coming up with this assessment, the investor…
Bitcoin price prediction | Is BTC a good investment?
What’s causing the extreme greed in Bitcoin investors in 2024? Discover the driving forces behind the market sentiments and predictions. Since the onset of 2024, Bitcoin (BTC) has demonstrated a remarkable surge, attaining levels of market dominance and investor interest not seen in years. On Feb. 29, BTC reached a new high of $63,544, marking its highest value since Nov. 2021. As of Mar. 1, BTC trades at around $62,000, sustaining the bullish sentiment within the market and propelling Bitcoin’s market dominance to approximately 53%. BTC one-month price chart |…
Dogecoin and Shiba Inu Led Gainers Last Week
Among the CD20, only six assets have failed to earn double-digit returns on the week. These include Layer 2 side chain Polygon’s MATIC (+3.1%), decentralized exchange Uniswap’s UNI (+3.9%), shared storage platform FileCoin’s FIL (+5.5%), Layer 1 Internet Computer’s ICP (+5.7%), oracle platform ChainLink’s LINK (+8.7%) and payments network Stellar’s XLM (8.8%). Source
Large Investor Appears Selling Grayscale’s GBTC but Bitcoin ETF Inflows Remain Positive Led by BlackRock’s IBIT
The large outflow could perhaps indicate that crypto lender Genesis started or ramped up the pace of unloading its GBTC holdings, capitalizing on bitcoin’s rally. Genesis received bankruptcy court approval on Feb. 14 to sell 35 million GBTC shares – then worth $1.3 billion, now roughly $1.9 billion – but outflows from GBTC were muted over the past two weeks until Thursday’s spike. Original