The analyst, who has remained bearish on the cryptocurrency even after correctly predicting a crash in 2022, believes the market price will fall much lower. Pseudonymous analyst Capo told his 81,200 Telegram subscribers that he believes Bitcoin (BTC) and the rest of the cryptocurrency markets are about to witness a resumption of a bear market. But before the next downturn occurs, Capo predicts that Bitcoin, Ethereum (ETH), and some altcoins could experience one more rally. “So the main low time frame idea is: It pumps from here to form lower highs (around $43,000-$44,000 for BTC and $2,300-$2,400 for ETH). Some…
Author: Crypto Flexs
Read More
Shiba Inu is bucking the recent bearish trend, especially with the growing adoption of Shibarium Layer 2 networks. This time, it’s the large holders that are driving the bullish returns. In particular, these large holders have increased net flows by more than tenfold. Shiba Inu Large Holder Netflow Jump 1079% Net flows to large Shiba Inu holders have increased significantly, according to on-chain data tracker IntoTheBlock. These large wallets have seen net flows (the total difference between inflows and outflows) increase by 1079% since December 10th. In total, net flows from these large wallets reached a whopping 4.68 trillion SHIB.…
Cantor Fitzgerald CEO Howard Lutnik recently shared insights on the future of the cryptocurrency industry, highlighting Tether and Bitcoin on the CNBC Money Movers podcast. As CEO of a global full-service financial services firm including institutional wealth, investment banking, commercial real estate, and bond custody, Lutnik provides a unique lens through which to view the intersection of traditional finance and the evolving digital asset landscape.Setting the macroeconomic picture, Lutnik said the Fed would likely take a steady approach to interest rate adjustments, predicting significant defaults in the real estate sector in 2024. He also suggested that these defaults may not…
The Israel-Gaza war has once again thrown the spotlight on crypto, with anti-crypto politicians seizing on exaggerated reports of crypto being used to finance terrorism to introduce harsh new legislation with the potential to crush the industry. Three days after Hamas carried out its brutal Oct. 7 attack, The Wall Street Journal published an inflammatory article stating that in the past three years, U.S.-designated terrorist organizations such as Hamas, Palestinian Islamic Jihad and Hezbollah had raised $134 million in crypto.The article — later corrected following an online backlash — became ammunition for the anti-crypto army in Washington, which cited it…
Shiba Inu is bucking the recent bearish trend, especially with the growing adoption of Shibarium Layer 2 networks. This time, it’s the large holders that are driving the bullish returns. In particular, these large holders have increased net flows by more than tenfold. Shiba Inu Large Holder Netflow Jump 1079% Net flows to large Shiba Inu holders have increased significantly, according to on-chain data tracker IntoTheBlock. These large wallets have seen net flows (the total difference between inflows and outflows) increase by 1079% since December 10th.advertising In total, net flows from these large wallets reached a whopping 4.68 trillion…
Mantle Network Launches Mantle Learn with HackQuest to Onboard Web2 Developers to Web3 – Chainwire housenewsroomMantle Network Launches Mantle Learn via HackQuest to Onboard Web2 Developers to Web3 We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service expressly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications…
OKX’s decentralized exchange (DEX) integrator appears to have suffered $2.7 million in damages, according to security analysts.The attack may have been caused by a leak of the DEX’s administrator private keys, security firm SlowMist posted on X. Shortly after, OKX confirmed that a deprecated smart contract for OKX’s DEX had been compromised and promised compensation to affected users.“We regret to inform you that a deprecated smart contract on OKX DEX has been compromised. We have taken immediate action to secure all user funds and revoke contract rights. We are working with relevant authorities to retrieve the stolen funds and will…
Aptos launched 25 million coins on December 12th. APT prices rose by almost 20% following the unlock event. The price of Aptos (APT) coins surged nearly 20% in an intraday surge after the project successfully unlocked 25 million coins on December 12. The unlock, worth more than $200 million, sparked a wave of buying that pushed APT to its highest since June. AMBCrypto discovered that the coin rose above the $9 price, hitting a high of $9.13. According to token unlock, The unlock event released 1.33 million APT coins to the Aptos Foundation, 12 million APT coins to project developers,…
This article is featured in Bitcoin Magazine’s “The Primary Issue”. Click here to get your Annual Bitcoin Magazine Subscription.Click here to download a PDF of this article.Tuesday, August 29th @ 11:36 AM The following is an interview with Brian Consolvo, Principal–Technology Risk at KPMG. He is a co-author of KPMG’s new report “Bitcoin’s role in the ESG imperative” alongside KPMG’s Director of ESG and Climate Advisory Kirk-Patrick Caron. The report is a significant milestone in mainstream Bitcoin discourse, particularly on environmental grounds, and represents a point of convergence between pro-Bitcoin environmental advocates and a wider swath of the professional world…
Looking for Ethereum. Now that The Merge is complete, a huge weight (measured in tons of CO2) has been removed from the collective conscience of the Ethereum community. And the world is watching to see what this community will do next. There is a unique opportunity in the current ecosystem to show skeptics what Ethereum can do: how it can use the underlying trust layer of the open internet to solve the big coordination problems we have yet to solve. The road to Serenity is long, and Ethereum’s impact on human institutions, society, and economic scale is still small. In…