Veteran trader Peter Brandt has accused economist and gold advocate Peter Schiff of leveraging his criticisms of bitcoin to garner attention and increase his social media following. However, Schiff countered, asserting that he is simply offering his candid perspective on the investment risks associated with bitcoin. Peter Schiff’s Bets on Dead Horses Veteran trader Peter […] Original
Dragonfly Capital’s Haseeb Qureshi raised concerns about theories of recent listings on Binance, hinting at complexities behind market fluctuations. The drop in prices of tokens listed on Binance over the past six months might not be the result of venture capital dumping, but rather a more nuanced interplay of market dynamics, suggests Dragonfly Capital managing partner Haseeb Qureshi. In an X article published on May 19, Qureshi raised concerns over data published by @tradetheflow_, who found that recent Binance listings, dubbed “high FDV, low float” tokens, have experienced significant declines…
Litecoin (LTC), the cryptocurrency often dubbed “silver to Bitcoin’s gold,” has left investors scratching their heads this week. After a brief surge, LTC finds itself stuck in a price tug-of-war, with analysts divided on whether it will climb to $90 or fall back to its support level near $80. Mixed Signals Cloud Litecoin’s Future Last week’s price action for LTC was a rollercoaster ride – not the kind that sends investors screaming with joy, but a slow, rickety climb followed by a disappointing stall. Despite breaking the $80 barrier on…
Ripple is raising awareness about the need for quantum-resistant cryptography to secure blockchain systems against potential future threats from quantum computing. Professor Massimiliano Sala, a renowned mathematician from the University of Trento in Italy, recently discussed the future of blockchain technology, encryption, and quantum computing with Ripple’s team as part of their ongoing university lecture series. As part of our #UBRI series, explore the intersection where blockchain meets quantum computing with Professor Massimiliano Sala from @UniTrento. Gain insights into the quantum challenges facing blockchain and strides towards quantum-resistant cryptography.https://t.co/UnpxUfCX5D —…
In an analysis shared via X, renowned crypto analyst Ted (@tedtalksmacro) has provided compelling evidence to support his assertion that the current Bitcoin bull run is far from over. Ted’s insights are based on four critical indicators related to traditional finance and crypto liquidity, each pointing to sustained growth in the near future. Here’s a breakdown of his analysis: #1 65-Month Liquidity Cycle Ted highlights the 65-month liquidity cycle, a historical pattern that marks the ebb and flow of liquidity in financial markets. According to his analysis, this cycle bottomed…
The Bitcoin (BTC) price has been roaming below the crucial $67,000 after it briefly touched an intraday high of around $67,600. BTC declined by 0.7% in the past 24 hours and is trading at $66,500 at the time of writing. The asset’s market cap is standing on the cliff side of the $1.3 trillion mark. Bitcoin’s daily trading volume, however, has increased by 40%, reaching $22.2 billion. BTC price, whale activity, RSI and MVRV ratio – May 20 | Source: Santiment Moreover, the BTC price plunge comes amid declining whale…
BounceBit has announced its roadmap to democratize high-yield opportunities in Bitcoin investing by merging centralized and decentralized finance. BounceBit, a new Bitcoin restaking startup backed by Binance, has unveiled its roadmap for 2024, outlining key aspects the project is planning to implement this year. In a Medium blog post on May 20, BounceBit announced its intention to combine the structure and liquidity of centralized exchanges like Coinbase while building decentralized infrastructure for Bitcoin “as an asset, without altering its core technology.” The startup explicitly stated it will not launch a…
The price of XRP, the native token of Ripple, seems to be teetering on the edge of a short-term decline, according to an analysis of on-chain data by NewsBTC. While bulls might want to hold their horses, the report paints a picture of a market potentially succumbing to selling pressure in the immediate future. RR Whales Shedding Weight: A Bearish Signal? The report raises a red flag with the movement of XRP in large wallets. Investors holding between 100,000 and 1 million XRP have been noticeably reducing their holdings. This…
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“Our favorite strategy is to buy bitcoin Spot, Sell 100,000 strike call, and Sell 50,000 strike put for the December 2024 expiry. Selling the call could yield 11%, and selling the put could yield 6%,” Markus Thielen, founder of 10x Research, said in Monday’s client note, detailing the suggestion. Original