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A trader who accurately called Bitcoin’s (BTC) epic 2022 meltdown thinks Ethereum (ETH) is gearing up to revisit its all-time highs Pseudonymous analyst Capo tells his 847,900 followers on the social media platform X that he’s bullish on Ethereum as long as it holds its immediate support at $3,600. “ETH looking good for bullish continuation.” Source: Capo/X Based on the trader’s chart, he...
SkyBridge Capital founder Anthony Scaramucci believes President Joe Biden will pander to the crypto industry even if it’s against the wishes of Securities and Exchange Commission (SEC) Chair Gary Gensler. In a new interview with the independent journalist David Lin, Scaramucci says Biden is starting to soften his stance on Bitcoin and crypto following the listing approval of spot Ethereum...
BitMEX co-founder Arthur Hayes says that a shift in policy from the central banks is about to boost crypto assets into a new bullish phase. In a new essay, Hayes, now the CIO of crypto investment fund Maelstrom, notes that both the Bank of Canada (BOC) and the European Central Bank (ECB) have decided to lower interest rates. Hayes says the moves by Europe and Canada suggest that a global shift...
A layer-1 blockchain passed the Ethereum (ETH)-based virtual reality platform Decentraland (MANA) to become the top crypto gaming project in terms of development activity, according to the analytics platform Santiment. Santiment notes that MultiversX (EGLD), formerly known as Elrond, registered 236.93 notable GitHub events, compared to 150.4 events for Decentraland. The non-fungible token (NFT)...
Former president Donald Trump continues to bill himself as the crypto-friendly candidate in a bid to secure donations from the digital asset sector. Trevor Traina, a tech executive, tells Reuters that Trump said “he would be the crypto president” at a recent San Francisco fundraiser. Traina previously served as the US ambassador to Austria during the Trump Administration. The former president...
A group of economically-aligned nations say they’re building an “independent payments system” in a move away from the US dollar. At the SPIEF 2024 Conference in Saint Petersburg, Russian President Vladimir Putin said work is underway on a system designed to safeguard the sovereignty of national currencies. “Within BRICS, we’re working on shaping an independent payment system, free from political...
A crypto marketplace backed by the owners of the New York Stock Exchange (NYSE) is reportedly mulling over the possibility of a sale. According to a new report by Bloomberg, anonymous sources familiar with the matter say that crypto firm Bakkt has been working with a financial advisor to contemplate its future options, including the possibility of a breakup or a sale. However, no additional...
Norwegian authorities successfully froze and returned $5.7 million worth of crypto assets that were stolen in a massive 2022 hack on the Ronin (RON) network. Ronin is a gaming-focused Ethereum (ETH) sidechain developed by Sky Mavis, the same team that created the non-fungible token (NFT)-based game Axie Infinity (AXS). In March 2022, hackers believed to be from the North Korean cybercriminal...
JPMorgan Chase, Bank of America and Wells Fargo are failing to protect customers from hundreds of millions of dollars in scams and fraud per year, according to a US Senate panel. At a hearing held by the Permanent Subcommittee on Investigations, Democratic Senator and Chairman Richard Blumenthal said the banking giants’ customers submitted claims to recover $456 million in 2022 – all due to fraud...
A closely followed crypto analyst believes that a top-10 altcoin by market cap is about to soar to new all-time highs (ATH). Pseudonymous trader Kaleo tells his 642,000 followers on the social media platform X that BNB (BNB), the utility token for the BNB Chain ecosystem, is mimicking a 2021 price pattern on the four-hour chart that led to new ATHs. “When BNB entered price discovery in the...