Bitcoin’s hash rate to drop by 20% post halving in 2024, predicts JPMorgan
In a recent report, JPMorgan forecasted a 20% drop in the Bitcoin Network Hash Rate following the Bitcoin halving slated for April 2024. According to the report, released, it states, “We estimate as much as 80 EH/s (or 20% of the network hashrate) could be removed at the next halving (April ‘24) as less-efficient hardware […]
Crypto market bleeds $40B in days meanwhile Bitcoin sinks to $27,000
The cryptocurrency market has reportedly lost a staggering $40B in a matter of days, with Bitcoin’s price dwindling to $27,000. Altcoins have also experienced significant setbacks. ATOM has seen the largest fall over the past 24 hours. Bitcoin has followed suit with a 2% drop to $27,000, after having resisted the market-wide price drops for […]
Arthur Hayes foresees Bitcoin hitting $750K-$1M by 2026 amid economic woes”
Bitcoin (BTC) could see its value soar between $750,000 and $1 million by 2026, according to BitMEX founder Arthur Hayes. In a recent appearance on Impact Theory with Tom Bilyeu, Hayes outlined his reasons behind this bold prediction. Hayes believes that the U.S government’s pattern of intervening in every economic crisis with a bailout is […]
TV financial guru Jim Cramer predicts “Mr. Bitcoin is about to go down big.”
TV personality and financial advisor, Jim Cramer, predicts a significant downturn in Bitcoin’s future, according to a recent statement. On Tuesday with CNBC, Cramer expressed his bearish stance on the cryptocurrency during an episode of CNBC’s “Squawk on the Street”. He stated, “I can’t be in something where Mr. Bitcoin is about to go down […]
Israel’s Police Collaborates with Binance to Freeze Hamas-Linked Cryptocurrency Accounts
🚀 GM, Grab your favorite beverage (even if it’s a little early, we won’t tell), and get ready for the juiciest headlines that have been lighting up the Internet this week! 📰 1️⃣ Market Update: Crypto Prices React to Middle East Turmoil 2️⃣Israel’s Police Collaborates with Binance to Freeze Hamas-Linked Cryptocurrency Accounts 3️⃣ Zimbabwe Launches […]
Bitcoin stays resilient as crypto market faces $100M liquidations amid Altcoin dip
The cryptocurrency market is witnessing a significant slide with bulls losing over $100 million in futures positions. The ongoing Hamas-Israel conflict and a substantial ether (ETH) sale by the Ethereum Foundation have impacted the wider crypto markets. Bitcoin (BTC) has shown signs of stability compared to other tokens, losing only 1% in the past 24 […]
Hong Kong Binance users fall victim to $450K phishing scam reported by Hong Kong Police
Several users of Binance in Hong Kong have been scammed out of approximately $450,000 due to a string of fraudulent text messages, according to a warning issued by the Hong Kong police. A total of 11 Hong Kong-based Binance customers fell prey to a spate of phishing scams disseminated via text messages. The fraudsters were […]
XRP takes a hit by 3.2% drop amidst bearish market conditions
The cryptocurrency XRP took a 3.2% hit as bearish momentum continues to exert pressure on the market. The dip comes despite a surge in active addresses on October 8. Ripple [XRP] has been on a downward trajectory, despite positive news over the weekend. The price is retreating towards a crucial level at $0.505. The report, […]
After 3 years of silence, $140 Million Bitcoin wallet springs back to life
After a long period of hibernation, a Bitcoin wallet containing roughly $140 million worth of cryptocurrency has suddenly sprung back into action. The Bitcoin address had been inactive for over three years before it unexpectedly shifted about $140 million worth of Bitcoin earlier this week. Blockchain tracking company PeckShieldAlert reported that the dormant wallet, holding […]
Joe Rogan says Bitcoin has the potential to become ‘Real Viable Currency’
On a podcast with Joe Rogan, OpenAI CEO Sam Altman publicly declared their support for Bitcoin (BTC) and no no for CBDCs. Oct. 6th episode of The Joe Rogan Experience, Altman described Bitcoin as a “super logical” step in technological advancement, free from governmental control and a potential tool against corruption. Rogan, on the other […]