BlackRock’s Explainer Sparks FUD On Bitcoin’s 21 Million Supply Cap: Changes Theoretically Possible But ‘Unlikely,’ Says Analyst
The world’s largest asset manager, BlackRock, raised eyebrows on Wednesday after including a line in an explainer video that supposedly disputed Bitcoin’s (CRYPTO: BTC) finite supply thesis. What happened: The 3-minute-long video, shared by various X users, including MicroStrategy co-founder Michael Saylor, went over the technical details of the...
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Crypto Liquidations Near $800 Million After Bitcoin’s Crash Under $100,000
Data shows a large amount of liquidations have piled up on cryptocurrency exchanges during the past day as Bitcoin and the altcoins have crashed. Bitcoin & Other Assets Have Witnessed Bearish Action In Last 24 Hours The past day has been a volatile time for the cryptocurrency sector as...
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Latest News and Developments For Sui (SUI) and Rollblock (RBLK); Can They Continue To Outperform Solana (SOL)?
Sui has entered a consolidation phase after reaching a record high price level earlier this week. Meanwhile, Solana is experiencing strong bearish pressure as the token fails to regain its upward momentum. Amidst this sentiment, analysts believe Rollblock’s viral new altcoin could outshine both SOL and SUI with a...
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Cathie Wood Says Bitcoin Is ‘More Scarce Than Gold’ — Predicts M&A Surge Under Trump 2.0
Cathie Wood, the founder of Ark Investment Management LLC, predicts a surge in mergers and acquisitions after President-elect Donald Trump defeats Vice President Kamala Harris in the 2024 election. What Happened: “M&A has been prevented by the FTC. That is going to change,” Wood, popularly known for leading ARK...
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El Salvador Buys Bitcoin Dip, Scoops $1 Million Worth Of BTC A Day After IMF Urges Scaling Back
El Salvador made full use of the market drop Thursday by buying as many as 11 Bitcoins (CRYPTO: BTC), worth over a million dollars, for its reserve. What happened: According to the National Bitcoin Office, an agency tasked by President Nayib Bukele to oversee all things related to the...
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Shytoshi Kusama Shares ‘Huge News’ As Shiba Inu Partners With Chainlink To Boost Shibarium, Ecosystem Tokens
Shiba Inu (CRYPTO: SHIB) entered into a partnership with the decentralized oracle network Chainlink (CRYPTO: LINK) Thursday in a bid to expand its ecosystem. What Happened: The partnership would see the integration of Chainlink’s standard for blockchain interoperability as the primary cross-chain infrastructure for Shibarium, Shiba Inu’s Layer-2 blockchain. Additionally, the...
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Dogecoin Price Action: What To Expect As The DOGE RSI Climbs To 90% Once Again
The Dogecoin price has been stuck in a state of correction and consolidation since the first week of December after a crazy multi-week rally that saw it peaking just below the $0.48 price level. Recent price action in the past 24 hours and seven days has been riddled by...
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Self-Proclaimed Bitcoin Inventor Craig Wright Awarded Prison Sentence For Defying Court Order
Australian computer scientist Craig Wright, who has consistently claimed to be Bitcoin (CRYPTO: BTC) creator Satoshi Nakamoto, was held in contempt of court on Thursday and handed out a one-year suspended prison sentence for continuing to sue developers. What Happened: The case was brought by the Crypto Open Patent...
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Bitcoin, Ethereum, Dogecoin Retreat Further As Crypto Liquidations Top $1 Billion: Analyst Lays Out Scenario For BTC Losing $96K Support
The cryptocurrency market cracked further Thursday as risk sentiment remained low following the Federal Reserve’s hawkish statements. Cryptocurrency Gains +/- Price (Recorded at 7:45 p.m. ET) Bitcoin (CRYPTO: BTC) -3.30% $97,251.29 Ethereum (CRYPTO: ETH) -6.08% $3,425.34 Dogecoin (CRYPTO: DOGE) -12.28% $0.3159 What Happened: Bitcoin rallied to $102,000 in the...
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Fed Can’t Hold Bitcoin, No Plans Yet To Change Law, Powell Says
Jerome Powell, chair of the US Federal Reserve, recently dismissed speculations that the Fed may add Bitcoin to its reserves. At the end of the its two-day meeting, Powell stated that the Fed isn’t allowed to own Bitcoin and doesn’t desire to get involved in any government initiative to...
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