Month: May 2024

Is BTC Ready For A 15X?

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Bitcoin is moving sideways, posting drab price action, forcing participation to taper. But amid this consolidation and even fear of more losses, one analyst has shared data suggesting that long-term holders are accumulating at spot rates.  Are We Back To 2021? Bitcoin Long-Term Holders Accumulating In a post on X, the analyst noted that this re-accumulating pace is picking up momentum, mirroring a welcomed trend that preceded the impressive 2021 bull run. Therefore, if long-term holders, or HODLers, accumulate, the probability of BTC rallying in the sessions ahead is elevated. Thus far,…

Bipartisan Senators probe FinCEN crypto mixer lawsuits

A pair of Senators wrote a letter to the Department of Justice, challenging FinCEN’s “unprecedented interpretation” of rules used to sue crypto mixers. Senators Cynthia Lummis (R-Wyo.) and Ron Wyden (D-Ore.) petitioned U.S. Attorney General Merrick Garland and the Department of Justice (DOJ) regarding an ongoing crackdown on crypto mixers allegedly operating as illegal money transmitters.  Sen. Wyden stressed that holding non-custodial crypto asset software developers liable for supposed criminal activity raised may violate the First Amendment and upset years of lawful precedent.  The issue stems from the Financial Crimes…

Why, for Some, Crypto Is the Defining Political Issue of Our Times

But I also understand why figures like Selkis are championing crypto into a political cause. Actually, they are simply noticing that crypto already was a partisan issue and acting in accordance. It’s common to hear that because blockchains strive to be “credibly neutral” that the industry itself is apolitical, but that simply isn’t true. Crypto is a check on the government; it is and always has been a political project. As I wrote in 2021: “If Bitcoin solved the climate crisis, it would be through successful, freer markets – not…

Analyst Who Predicted Solana’s 1,100% Move Reveals Where The Altcoin Is Headed Next

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Crypto analyst Javon Marks has provided insights into the future trajectory of Solana (SOL) after it hit a 1,100% return. The analyst is known to have called the crypto token’s previous high correctly, which is one reason his latest prediction is worth keeping an eye on.   Solana Could Rise To As High As $453 Marks mentioned in an X (formerly Twitter) post that despite its recent pullback, Solana’s price may be getting ready for another price rally. He noted that a move of over 54% may already be in the…

Historian Yuval Noah Harari Expresses Skepticism About Bitcoin, Calls It ‘A Currency of Distrust’

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Last week at the BIS Innovation Summit 2024, Israeli historian, philosopher, and bestselling author Yuval Noah Harari shared his views on bitcoin and electronic currency. During his presentation, Harari emphasized his disapproval of bitcoin, stating it is its money “built on distrust.” Yuval Harari Voices Concerns Over Bitcoin Yuval Noah Harari has openly stated his […] Original

FalconX Settles With CFTC for $1.8M Over Failure to Register as Futures Commission Merchant

However, after the CFTC filed suit against Binance its former CEO, Changpeng “CZ” Zhao for similar offenses in March 2023, FalconX voluntarily “changed and enhanced its approach to collecting customer-identifying information” – including requiring customers to identify the location of the assets’ ultimate beneficial owners, the location of their corporate headquarters, and the location of employees controlling the investor’s Edge account. Source

GameStop Stock And Wolverine Memecoins Explode As Roaring Kitty Returns To The Spotlight

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GameStop, the video game retailer that took Wall Street by storm in 2021, has once again become the talk of the town as its share price surges 100%.  Fueling this rally is the return of the influential social media figure Keith Gill’s “Roaring Kitty.” After a long hiatus, Roaring Kitty’s recent activity on social platforms, including an image and video, has ignited excitement among investors and triggered a renewed frenzy for GameStop’s meme stock and the emerging world of memecoins.  GameStop Memestock Frenzy The meme-stock phenomenon gained widespread attention in…

Investment Firm Makes BTC Its Strategic Reserve

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Early-stage investment firm Metaplanet announced on Monday that it’s adopting Bitcoin (BTC) as its sole “strategic treasury reserve asset.” This audacious decision signals a growing confidence in the controversial cryptocurrency as a legitimate store of value and hedge against traditional economic woes. Related Reading Yen Under Pressure, Bitcoin On The Rise Metaplanet’s decision comes amidst a backdrop of sustained economic pressures in Japan. A weakening yen, coupled with high government debt levels and persistently low-interest rates, seems to have pushed the firm to seek alternative havens for its reserves. Bitcoin,…

Bitcoin Price (BTC) Could Take Direction From Inflation Data This Week

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Of the two, the CPI report is of more import and economists are forecasting that gauge to have risen 0.4% in April, in line with the March advance. The annual pace of headline CPI is seen slowing to 3.4% from 3.5% in March. The so-called core CPI – which strips out food and energy costs – is expected to rise 0.3% in April versus 0.4% in March, with the annual pace falling to 3.6% from 3.8%. Original