Crypto analyst and trader Tyler Durden has recently expressed his bullish sentiment towards Ethereum (ETH) in the cryptocurrency market. Durden believes that the rise of ETH to $10,000 is inevitable and is encouraging traders to go with the tide. In a social media post, Durden stated that Ethereum to $10,000 is the “most asymmetric bet”
The recent revelation by ex-convict Martin Shkreli about his involvement in creating the Donald Trump-themed token DJT has caused a stir in the cryptocurrency world. Despite spending time in prison for financial-related frauds, Shkreli publicly announced his role in the creation of DJT on an X space platform. This confession came after questions surrounding the
In the midst of significant turbulence in the cryptocurrency market, investors are turning to Bitcoin as a safe haven. With Bitcoin’s dominance reaching a nine-week high of 57%, it is clear that many see it as a stable asset amidst the chaos. Altcoins, on the other hand, are facing the brunt of the market sell-off,
The current state of Bitcoin, according to Travis Kling, Founder and Chief Investment Officer of Ikigai Asset Management, is characterized by being ~10% off of its all-time highs and on the brink of cannibalism. Despite the NASDAQ surging 16% since April 19, Bitcoin has shown relatively flat performance within the macroeconomic environment. This underperformance is
The Bitcoin network has recently made a significant impact in the NFT industry, with data from NFT tracker CryptoSlam showing that Bitcoin-based NFTs have reached a total sales volume of $4.29 billion as of June 18. This surpasses the previous record held by the Ronin blockchain, placing Bitcoin third in the rankings behind Ethereum and
Growing up in Edo State, Nigeria, I was surrounded by a supportive family who instilled in me the values of perseverance and hard work. My siblings have always been my role models, guiding me through life’s challenges and helping me become the person I am today. My parents, in particular, have been the driving force
The recent news of the SEC closing its investigation into Ethereum 2.0 has sent ripples through the crypto market. This decision comes after Consensys sought clarity from the SEC following the approval of ETH ETFs, which classified ETH as a commodity. The closure of the investigation signifies a victory for Ethereum developers and industry participants,
The US SEC has once again raised concerns about Circle’s stablecoin, USDC, as the company attempts to go public through an IPO. The regulatory documents reveal that the SEC is worried about the classification of USDC and other stablecoins as securities under US law. This is not a new issue, as similar concerns were expressed
Recently, South Korea’s Financial Supervisory Service (FSS) made headlines regarding the rumored removal of multiple digital assets from local crypto exchanges. The FSS clarified its role in this matter, stating that it had instructed registered exchanges like Upbit, Bithumb, and Gopax to assess various tokens on their platforms. This directive is in alignment with the
Brazil’s Special Department of Federal Revenue has recently announced plans to collect information from foreign crypto exchanges to ensure compliance with local regulations. The tax department’s initiative aims to investigate how these exchanges operate within the country and whether they are following the regulations introduced in 2019. Deputy Secretary of Inspection Andrea Chaves emphasized the
