Day: March 12, 2024

Expect A Bitcoin Scarcity Crisis In 6 Months, BTC To $100,000?

boss

Ki Young Ju, the founder of CryptoQuant, a crypto analytics platform, predicts a severe Bitcoin “sell-side liquidity crisis” in the next six months. In this event, the founder thinks that not only will prices erupt to new levels, surpassing expectations, but the crisis will likely lead to a market disruption. Bitcoin Records New All-Time Highs Bitcoin is trading at around new all-time highs following sharp price gains on March 11. The coin roared to print new all-time highs of $72,800 before cooling off to spot levels. Bitcoin price trending upward on the…

What to Expect From Ethereum’s Latest Massive Upgrade: Dencun

Etymology: Proto-Danksharding is named after two Ethereum researchers, Dankrad Feist and Proto Lambda, who proposed the change. It’s fitting because Proto Danksharding is necessary for the full rollout of Danksharding — which is several years away and takes the idea of simplifying data storage further. Also, although the term “sharding” is in the name, neither Danksharding nor Proto-Danksharding is a traditional way to “shard” — or split — a database into smaller parts as known in computer science, which was the original plan for getting Ethereum to scale. In a…

JPMorgan CEO Defends Right to Buy BTC

“I defend your right to smoke a cigarette, [and] I’ll defend your right to buy a Bitcoin,” he said, according to a Reuters report, citing a video appearance at the Australian Financial Review business summit. “I will personally never buy Bitcoin and I do think it’s a risk if you are a buyer. When governments look at all this stuff, why do they put up with it?” Source

Bitcoin hits new all-time high at $73k 

boss

Bitcoin briefly touched $73,000 today before facing a correction and dropping below $72,000.  The largest cryptocurrency is up nearly 50% this month and has set new weekly peaks. Several factors are driving BTC’s bullish rally. Earlier today, Thailand’s SEC gave asset management firms the green light to launch spot Bitcoin ETFs. At the same time, the London Stock Exchange announced that it will start accepting applications for Bitcoin exchange-traded notes (ETN) in the upcoming quarter.  The largest Bitcoin ETF issuer, Blackrock, also reached a milestone today. The IBIT ETF achieved…

Rapper Drake Posts Michael Saylor’s Bitcoin Video To His 146M Instagram Followers

boss

Celebrities endorsing crypto has been a trend during the last bull market, including Larry David’s now famous FTX Super Bowl ad – which he later regretted. This time around, however, there haven’t been too many celebrities and influencers who have been shilling crypto to the masses. Drake’s post likely would mark one of the first large-scale endorsements of any kind during this bull market and may pique retail investors’ interest back into the digital assets market. Original

Crypto Expert Spotlights Top 2 Altcoins For Web 3.0

boss

Crypto analyst Michaël van de Poppe recently cast a spotlight on two altcoins poised to significantly impact the Web 3.0 ecosystem. In a detailed exposition shared on X (formerly Twitter), Van de Poppe introduced “modular blockchains” and “DePin” as emerging concepts set to redefine the crypto landscape. Emphasizing the need for tangible use cases, Van de Poppe stated, “I’m advocating for investing into projects that fulfill actual use cases. Hence why I’m not that much focused on projects within the Gaming, Metaverse, NFT or Meme space, […] I’d rather want…