Author: dfrancis36

[ad_1] Este artículo también está disponible en español. As Bitcoin (BTC) edges closer to the $70,000 mark, the crypto community is abuzz with predictions of a potential surge to $100,000, accompanied by a significant altcoin season. Amidst this fervor, crypto analyst Axel Bitblaze has provided an analysis on X, examining whether the necessary liquidity and catalysts are in place to propel Bitcoin to such heights. Bitblaze emphasizes the fundamental role of liquidity in the crypto market. Drawing parallels to previous bull runs, he notes, “Our space is fully driven by just one thing, i.e., Liquidity.” He references the 2016 and…

[ad_1] In a developing story surrounding Do Kwon, the co-founder of the collapsed Terraform Labs blockchain, new investigative reports suggest he may have conducted cryptocurrency transactions while in custody in Montenegro. This revelation follows a lengthy period during which authorities reportedly took 72 days to seize his electronic devices and wallet access codes after his arrest. Laptops And Crypto Access Codes Found During Prison Search Local media reports, citing sources from the Special Police Department, indicate that during a search of detainees’ belongings at the prison in Spuž, investigators discovered laptops, mobile phones, and access codes related to virtual wallets…

[ad_1] Este artículo también está disponible en español. A new Bitcoin price target has been set at $109,000, with an analyst predicting that the pioneer cryptocurrency could surge to this projected level before the end of the year. This bullish forecast comes as Bitcoin experiences new momentum that has pushed its price well above $67,000.   New Bitcoin Target Set At $109,000 A Bitcoin technical analyst identified as ‘CryptoCon’ has taken to X (formerly Twitter) to unveil his bullish prediction for the Bitcoin price. While many analysts believe that this Q4 is a significantly bullish period for Bitcoin, CryptoCon confirms this…

[ad_1] On-chain data shows Bitcoin has continued to leave the exchanges’ wallets recently, a sign that the asset’s price could be bullish. Bitcoin Exchange Reserve Has Registered A Significant Decline Recently As explained by analyst Ali Martinez in a new post on X, exchanges have seen a massive amount of Bitcoin leave over the last few months. The on-chain relevance metric here is the “Exchange Reserve,” which keeps track of the total number of tokens currently sitting in the wallets of all centralized exchanges. When the value of this metric rises, investors will make net deposits into these platforms right…

[ad_1] Crypto asset manager Grayscale is in the process of converting its Grayscale Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF), according to Bloomberg ETF expert Eric Balchunas.  The strategic move aims to provide investors with a diversified portfolio that includes major digital assets such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP and Avalanche (AVAX). Diversified Exposure To Bitcoin, Ethereum, And More The proposed ETF comes at a time when investor interest in regulated cryptocurrency products is on the rise. Grayscale’s Digital Large Cap Fund currently holds approximately $524 million in assets under management, with a significant…

[ad_1] Institutional investment is reshaping the crypto landscape in established markets while emerging regions are becoming hubs for retail adoption. This is according to Chainalysis’ report, which indicated that crypto has become more mainstream than ever, with varied economic forces driving its growth. Central & Southern AsiaThe 2024 Global Crypto Adoption Index revealed that Central & Southern Asia and Oceania (CSAO) lead the world in crypto adoption. The region boasts seven of the top 20 countries, showcasing high levels of activity across centralized services and decentralized finance (DeFi) protocols.This rapid uptake is reportedly driven by a combination of retail and…

[ad_1] Italian Deputy Economy Minister Maurizio Leo announced today that Italy is considering raising the capital gains tax on Bitcoin (BTC) and other crypto assets from 26% to 42%. Italy Weighs Higher Bitcoin Capital Gains Tax At a news conference on October 16, 2024, Leo stated that the Giorgia Meloni administration is contemplating a significant increase in the withholding tax on crypto-related capital gains, moving it from 26% to 42%. The proposed 16% hike is part of Italy’s new budget bill, approved by the country’s Council of Ministers on October 15, 2024. The broader goal of the bill is to generate…

[ad_1] Este artículo también está disponible en español. BNB has faced a significant rejection at a critical resistance level, raising concerns among traders about a potential price correction. After an impressive rally, the momentum has faltered, leaving the cryptocurrency at a crossroads.  This key level has proven to be a formidable barrier, indicating that selling pressure may be increasing as bears step in. However, the big question is whether this rejection marks the beginning of a downward correction or if the bulls can muster enough strength to regain their footing and continue pushing higher. As the market navigates this pivotal…

[ad_1] The man behind the notorious hacking of the Bitfinex crypto exchange that stole billions of dollars worth of digital coins could spend the next five years in a state penitentiary once the verdict against him is made in November. Because of his role in the heist, state attorneys urged the federal court in Washington to impose a heavier punishment against Ilya Lichtenstein. Lichtenstein, The Brains Behind The Heist Estimates suggested that around $8 billion worth of Bitcoin from the Bitfinex crypto exchange were stolen. This well-planned illegal activity underscored the unique risks associated with cryptocurrency, highlighting the importance of…

[ad_1] Este artículo también está disponible en español. In an interview with Aaron Arnold, founder of Altcoin Daily, Matt Hougan, the Chief Investment Officer (CIO) of Bitwise Asset Management, shared his optimistic outlook on Ethereum for 2025. Amidst a crypto landscape where Bitcoin and emerging high-performance blockchains like Solana, Sui, and Aptos dominate headlines, Hougan positions Ethereum as a “contrarian bet” that may offer significant returns for investors willing to look beyond current market sentiments. Why Ethereum Is The Best “Contrarian Bet” Hougan acknowledged Ethereum’s unique position within the crypto market. He describes Ethereum as “the asset that people love…