[ad_1] The remarks made by a popular executive from a Bitcoin development company, advocating for large financial institutions to take custody of Bitcoin, disappointed the cryptocurrency community. MicroStrategy CEO Michael Saylor is now at the center of strong criticisms after saying that it would be better for Bitcoin to be in the custody of “too big to fail” banks than self-custody. The Contentious Remark Saylor, in a podcast interview, dissuaded investors and traders from the Bitcoin self-custody approach while putting forward the idea of custodianship through large financial institutions like banks. He believes that large and established financial institutions can…
Author: dfrancis36
[ad_1] Este artículo también está disponible en español. Bitcoin has been on an impressive surge since early September, rising by 31% from local lows around $53,000. However, after testing the $69,500 supply level, the cryptocurrency faces selling pressure. Despite this, Bitcoin remains strong, holding above the previous high of around $66,000, a crucial level determining its next move. Related Reading Key data from CryptoQuant reveals that, despite recent bearish attempts, bears are losing control in the futures market. A key indicator has flipped bullish for the first time since July, suggesting that the current selling pressure may not be enough…
[ad_1] As a response to the latest anti-Bitcoin paper by the European Central Bank (ECB), a new academic paper titled “Challenging Bias in the ECB’s Bitcoin Analysis” has been published. Authored by Murray A. Rudd, along with co-authors Allen Farrington, Freddie New, and Dennis Porter, the paper offers a comprehensive critique of a recent working paper by ECB officials Ulrich Bindseil and Jürgen Schaaf. Dennis Porter, CEO and founder of Satoshi Action Fund, who initiated the paper with a few days announced the publication on X, stating, “₿REAKING: Full Academic Rebuttal to the anti-Bitcoin ECB paper officially published.” The original…
[ad_1] Este artículo también está disponible en español. According to veteran trader Peter Brandt, Ethereum might have just seen its future looking brighter. Known for his technical forecasts, Brandt feels the altcoin is on the verge of a bullish turnaround. He’s identified an inverted Head and Shoulders formation on the daily chart of Ethereum. This is one of the most classic buy signals in technical analysis. If ETH can hold above that neckline at $2,745, we could be looking at a breakout. The most interesting chart developments I see right nowSee thread#1$ETH closing price chart inverted H&S patternI am flat…
[ad_1] In a bold forecast for 2025, a top altcoin trader predicts that RCO Finance will outshine Cardano and XRP in price performance. Rooted in the growing demand for its advanced features and highly successful presale, RCOF emerges as the next big crypto sensation. This analysis provides insights into its potential to disrupt the market and paints a picture of a rising altcoin primed to challenge the status quo. Why RCOF May Outperform Both the Cardano and XRP Price Projections As RCO Finance (RCOF) grows in popularity, it is attracting not only seasoned trading professionals but also those who have…
[ad_1] Este artículo también está disponible en español. Despite the demand for meme coins waning, a crypto analyst has claimed that the Dogecoin price could be on the verge of a parabolic 5,202% price surge. Lately, the price of Dogecoin has been on a major decline, failing to break key resistance levels. However, with this new prediction by the crypto analyst, Dogecoin could see its value potentially increasing to new highs. Dogecoin Price To See Massive 5,202% Pump A crypto analyst identified as ‘Zero’ on X (formerly Twitter) has expressed excitement about an incoming price pump for Dogecoin. The analyst suggested…
[ad_1] A detained social media influencer could be heading to a Russian penitentiary and staying there for about 10 years to live out her sentence for committing crypto fraud. Valeria Fedyakina, dubbed the “Crypto Queen,” is at the center of multiple charges of large-scale swindling activities that reportedly included funding the Ukrainian military amid the ongoing war between Ukraine and Russia. Valeria Fedyakina portrayed herself as a crypto entrepreneur to gain the trust of her victims. Image: NX/New York Post ‘Crypto Queen’ Denies The Allegations Fedyakina refuted the swindling allegations being thrown against her by RIC, claiming she did not…
[ad_1] Chainlink (LINK) creator Sergey Nazarov says a major milestone has been reached in its partnership with payments giant SWIFT. In a new speech at the Sibos 2024 conference in Beijing, Nazarov says that Chainlink has developed a system that connects the traditional finance (TradFi) world with blockchain functions. “Over many years now we’ve been collaborating with SWIFT to bring you the ability to use SWIFT messages and SWIFT standards in order to efficiently interact with blockchains with minimal additional investment by your institutions. I’m very happy to say that this diagram (below) that we presented in the second pilot…
[ad_1] Este artículo también está disponible en español. ApeCoin is facing a tough setback as bearish momentum intensifies, with the price hitting a strong resistance at $1.755. After an attempt to push higher, the bulls have lost ground, allowing the bears to take control and halt the upward movement. Particularly, this key resistance level has emerged as a significant barrier, signaling a potential shift in market dynamics. With pessimistic pressure mounting, ApeCoin’s future direction hangs in the balance, as traders look for signs of whether the bulls can stage a recovery or if the bears will drive prices lower in…
[ad_1] Despite years of legal confrontations with the US Securities and Exchange Commission (SEC), Ripple Labs CEO Brad Garlinghouse remains optimistic about the potential approval of a spot XRP ETF in the United States. Garlinghouse’s confidence comes at a time when the cryptocurrency market is witnessing increased institutional interest, particularly following the successful launch of Bitcoin ETFs earlier this year. Ripple CEO Confident In XRP ETF Potential Following Bitcoin ETF Success In a recent interview with Bloomberg Television, Garlinghouse pointed out the significant inflow of capital into Bitcoin ETFs since their approval in January, which has seen approximately $17 billion…