Veteran trader Peter Brandt recently revealed on social media that he has taken a short position on Ethereum (ETH), the second-largest cryptocurrency by market cap. Brandt shared a technical chart with his 707,000 followers to explain his strategy. Ethereum's Price Surge and Key Factors Since the beginning of 2023, Ethereum's value has increased by 85% […]
Peter Brandt Takes Short Position on Ethereum (ETH) Read More »
Introduction Reflecting Singapore's progressive stance on digital assets, the Monetary Authority of Singapore (MAS) has awarded Hashkey Capital Singapore a full Capital Markets Services license, enabling the firm to enhance its fund management services and contribute significantly to the burgeoning blockchain community. Hashkey Capital Singapore's Milestone: Full CMS License from MAS In yet another positive
Hashkey Capital Singapore Receives Full Capital Markets Services License from MAS Read More »
Financial firms are feeling confident that the Securities and Exchange Commission (SEC) will approve spot Bitcoin Exchange-Traded Funds (ETFs) after January 8, 2024, according to Charles Gasparino of Fox Business. Gasparino's post also highlighted that Bitcoin ETF shares will only be purchasable with cash, as the SEC is concerned about the potential for money laundering
Firms Optimistic about SEC Approval of Spot Bitcoin ETFs, says Fox Business Read More »
Introduction In recent times, the smart contract platform tokens Solana (SOL) and Avalanche (AVAX) have been gaining momentum and narrowing the gap with the leading smart contract platform, Ethereum (ETH). This article explores the remarkable comeback of SOL and AVAX in the crypto market. A Strong Comeback After experiencing significant declines against the U.S. dollar
Solana and Avalanche: Emerging Competitors to Ethereum in the Crypto Market Read More »
The Crypto Market's Transformation As the crypto market undergoes a transformative era, Coinbase's 2024 Crypto Market Outlook provides valuable insights and predictions. This comprehensive 80-page report, which encompasses data up to November 30, 2023, delves into pivotal shifts and institutional practices within the crypto market. A New Phase: End of the Crypto Winter The report
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On Tuesday, the appeals court in Montenegro made a significant decision regarding the extradition request for Do Kwon, the co-founder of Terraform Labs. The court overturned the previous decision to extradite him to the United States, allowing Kwon to remain in Montenegro for the time being. However, the final decision regarding his extradition lies with
Embrace Year-End Tax Strategy With Charitable Giving Twist As the year comes to a close, cryptocurrency investors have the opportunity to maximize their tax benefits by combining tax-loss harvesting with charitable donations. This strategic approach not only allows investors to optimize their tax positions but also supports worthy causes through philanthropic giving. Merging Tax-Loss Harvesting
Sygnum’s Institutional Investor Survey An institutional investor survey conducted by digital asset bank Sygnum reveals a remarkable shift in sentiment towards cryptocurrencies, with over 80% of respondents now acknowledging the important role crypto plays in the global financial industry. According to the bank’s digital asset research manager, crypto is rapidly transforming the economic landscape and
Shift from Skepticism to Advocacy: Institutional Investors Embrace Crypto Read More »
The Explosive Growth of BONK Coin The Solana Saga phone has experienced a remarkable turnaround in its market performance, thanks to the explosive growth of the BONK meme coin. Previously struggling to find its market, the Saga phone is now selling for as much as $5,000 on Ebay, far surpassing its reduced price of $599
Saga Phone Resurgence: BONK’s Rise Turns Solana Device Into Hot Commodity Read More »
Bitcoin, the leading cryptocurrency, is currently trading between the range of $40,850 to $41,075. Investors are closely monitoring various charts, oscillators, and moving averages to gain insights into the next potential move of bitcoin. The current market conditions suggest a critical juncture for the cryptocurrency, with oscillators signaling neutrality and moving averages presenting a mixed
Bitcoin Technical Analysis: BTC Navigates Choppy Waters and Uncertainty Read More »