[ad_1] On Wednesday, social-minded Bitcoin proponents from Kenya to Canada to Russia convened on the final day of the 2024 Oslo Freedom Forum as part of the Financial Freedom Track event to offer their insights on how Bitcoin can be a tool for those around the world who need it most.Alex Gladstein, Chief Strategy Officer for the Human Rights Foundation (HRF), the organization that puts on the Oslo Freedom Forum, kicked off the day by discussing why Bitcoin is essential in a human rights context. He then read two pertinent passages from Lyn Alden’s book Broken Money: Why Our Financial…
Author: dfrancis36
[ad_1] A widely followed crypto analyst says that altcoins are poised to spark a massive rally starting at the end of June. In a new thread, crypto trader Michaël van de Poppe tells his 719,600 followers on the social media platform X that altcoins are gearing up for a ride “back to normal values.” “The altcoins are ready for their upwards run. I think we’ll be seeing a lot of momentum from late June until September – October. A repricing back to their normal values after the big cascade of the first period of the year.” Van de Poppe goes…
[ad_1] Bitcoin is in an uptrend and will likely breach the all-important liquidation line at $72,000. At the spot rate, the coin is up approximately 25% from May lows and may rally, even breaking all-time highs of $73,800. Retail Interest In Bitcoin Falling Even As Prices Approach All-Time Highs Even as Bitcoin prints impressive higher highs, Mike Alfred, a “value investor” and an active crypto commentator, has identified a surprising disconnect: organic search engine traffic on Google is dropping. Apart from the spike in search from Q4 2023 till early January 2024, the trend has been southwards since then. Bitcoin…
[ad_1] Bitcoin miner Core Scientific (NASDAQ:CORZ) has rejected an all-cash buyout offer from Nvidia-backed cloud provider CoreWeave, stating that the offer undervalues the company. “The board concluded that the CoreWeave proposal significantly undervalues the company and is not in the best interests of the company and its shareholders,” Core Scientific announced in a statement. Core Scientific received the unsolicited, non-binding proposal from CoreWeave on June 3. The offer aimed to acquire all of Core Scientific’s outstanding shares on a fully diluted basis for $1.02 billion, or $5.75 per share in cash. Despite the rejection, the two companies have signed a…
[ad_1] Data shows the Bitcoin derivatives Open Interest has shot up to a new all-time high (ATH) recently. Here’s what this could mean for the asset’s price. Bitcoin Open Interest Has Registered A Steep Rise Recently In a post on X, CryptoQuant Netherlands community manager Maartunn has discussed about the latest trend in the Open Interest for Bitcoin. The “Open Interest” here refers to the total amount of derivatives positions related to the cryptocurrency that are currently open on all exchanges. When the value of this metric rises, it means the investors are opening up fresh positions on the market…
[ad_1] In a stark contrast to the performance of the broader crypto market, XRP continues to face significant challenges, according to statements from pro-XRP lawyer Bill Morgan. Despite a discouraging decline in the value of the crypto asset relative to Bitcoin (BTC) and 88% of the top 100 cryptocurrencies, Morgan maintains a bullish outlook on the asset. In a post on X, Morgan outlined the struggles XRP has faced, particularly over the last year—a period that brought legal clarity and was expected to boost investor confidence in XRP. Morgan noted, “There were some who told us last month that XRP…
[ad_1] Robinhood (NASDAQ:HOOD), the popular stock-trading app, is expanding its presence in the cryptocurrency market with the acquisition of global crypto exchange Bitstamp for approximately $200 million. The transaction is expected to finalize in the first half of 2025. Robinhood, traditionally known for enabling everyday consumers to trade stocks, has been gradually increasing its involvement in the cryptocurrency sector. The company supports various popular cryptocurrencies, including Bitcoin, though it has previously restricted some due to U.S. regulatory scrutiny. The acquisition of Bitstamp aligns with Robinhood’s strategy to deepen its crypto offerings and expand internationally. Robinhood launched its core stock-trading product…
[ad_1] Geoffrey Kendrick, head of forex and digital assets research at Standard Chartered, predicts that the Bitcoin price could surge to $100,000 ahead of the US presidential elections this November. In an email to The Block, Kendrick elaborated on the factors driving this forecast and offered a more detailed outlook for BTC’s price trajectory. If This Happens, Bitcoin Could Surge To $100,000 By November “As we approach the US election, I expect $100,000 to be reached and then $150,000 by year-end in the case of a Trump victory,” Kendrick stated. He pointed to the current political climate and recent regulatory…
[ad_1] Recent price action has seen Shiba Inu bouncing off major price support at $0.00002379 after what might be propelled by an interesting movement from the whales. According to on-chain data, a particular SHIB trading expert is buying SHIB in massive amounts. This trader, known for making bank on Shiba Inu in its early days, now seems to be positioning for what could be a looming bull run for the meme coin. Shiba Inu Whales Enter Buying Frenzy Shiba Inu is home to a lot of crypto whales whose buying and selling patterns could influence other traders. As noted by…
[ad_1] In a bold forecast, Standard Chartered’s head of digital assets research, Geoff Kendrick, has predicted that Bitcoin could surge to $150,000 if Donald Trump wins the upcoming U.S. presidential election. “As we approach the U.S. election, I expect $100,000 to be reached and then $150,000 by year-end in the case of a Trump victory,” Kendrick stated.JUST IN: #Bitcoin to reach $150,000 if Donald Trump wins presidency, says Standard Chartered. pic.twitter.com/4Kaq4P0BRf— Bitcoin Magazine (@BitcoinMagazine) June 6, 2024 The prediction comes amidst a backdrop of economic indicators and political developments influencing the Bitcoin market. Kendrick highlighted that the next significant driver…