Ethereum, the second largest digital currency in the dynamic world of cryptocurrencies, has stoked investor enthusiasm thanks to a bold prediction from MN Trading CEO Michaël van de Poppe. Van de Poppe’s forecast predicts a surprising rally for Ethereum, with a potential surge into the $3,800 to $4,500 range. This optimistic outlook is gaining momentum as Ethereum is showing strong performance, with its current value hovering around $2,980, while Bitcoin is grappling with market challenges. Ethereum: Fueling Bullish Momentum There are several factors contributing to Ethereum’s bullish momentum, a sentiment highlighted by Van de Poppe. Ethereum’s recent outperformance compared to…
Author: Crypto Flexs
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Cryptocurrency venture firm Hack VC has closed its $150 million maiden fund, bringing total assets under management to $425 million. Hack VC has been investing in web3 for a long time, supporting over 100 projects since 2014. The company remains steadfastly optimistic about the future potential of web3 and will deploy new capital to nurture critical infrastructure startups. Hack VC, a venture capital firm focused on early-stage web3 startups, has closed its first dedicated venture fund with $150 million in capital commitments. This brings the company’s total assets under management to approximately $425 million. The new $150 million Fund I…
Montenegro’s High Court has ruled to allow the extradition of Terraform Labs’ CEO Do-Do Kwon to the United States. Mr. Kwon is facing U.S. fraud charges related to losses resulting from the collapse of the UST stablecoin. The SEC alleged that Kwon raised billions of dollars through unregistered cryptocurrency trading. The Podgorica High Court decided to extradite Do Kwon, co-founder of Terraform Labs, to the United States. The High Court rejected South Korea’s extradition request and took the decisive step of extraditing Do Kwon to the United States. The ruling comes after Kwon was arrested in March 2023 on charges…
Fundstrat co-founder Thomas J. Lee predicted Bitcoin’s 2024 high of $150,000 due to supply and demand dynamics and spot ETFs. In a CNBC interview, Lee said Bitcoin (BTC) could triple its current market price this year. BTC was trading around $51,000 on February 21, per CoinMarketCap. If Lee’s claims are proven true, the price of Bitcoin could double from its all-time high of $69,000. Lee is a financial veteran who has held top positions at JPMorgan Chase, the largest U.S. bank, and investment bank giant Salomon Smith Barney. He has been ranked among the top institutional investors annually since 1998…
In today’s world where technology and entertainment constantly intersect, a new player has emerged in the online sports betting space: cryptocurrencies, specifically Bitcoin (BTC). Known for combining blockchain technology and sports betting BTC betting, changing the game for bettors around the world. With the promise of greater security, faster transactions, and improved accessibility, the future of sports betting looks brighter than ever. Let’s take a look at some of the exciting ways blockchain and cryptocurrency are reshaping the world of sports betting. The bright side of betting with cryptocurrenciesCryptocurrency and blockchain offer many great things for sports betting:Security and privacy…
join us telegram A channel to stay up to date on breaking news coverage The price of Bitcoin fell slightly to trade at $51,871 as of 1:25 a.m. ET, despite a 45% surge in trading volume over the past 24 hours. As things stand, the Bitcoin price is 23% off its all-time high of $69,000 recorded on November 10, 2021. #Bitcoin Price drop in ATH – now -23%. pic.twitter.com/upAGrYmgHG — Axel 💎🙌 Adler Jr (@AxelAdlerJr) February 20, 2024 Still, despite BTC rising 242% over the past 15 months, retail investors appear to be absent. This is unusual considering that retail…
Proposed Approval Ethereum ETH -1.15% According to an analysis by S&P Global Ratings, U.S. exchange-traded funds (ETFs) seeking to introduce staking may increase the risk of concentration on Ethereum.“A U.S. spot ether ETF that integrates staking could become large enough to change the concentration of validators on the Ethereum network, for better or for worse,” S&P analysts Andrew O’Neill and Alexandre Birry wrote in a report published Tuesday. “There is,” he said. “It is therefore important to understand how the choice of ETF issuer creates concentration risk.”Analysts predict that the U.S. Securities and Exchange Commission will approve a spot Ether…
Enoch Mutembei Last week, Bitcoin experienced a bullish rally, breaking the coveted $52,000 threshold and recouping almost all of the losses incurred following the FTX collapse. This milestone is critical for an industry struggling with a prolonged bear market. Consistent with Bitcoin’s upward trajectory, there has been a notable increase in the combined market capitalization of major stablecoins, including: USDT, USDC, BUSDand die. The combined market capitalization of these four stablecoin giants expanded from $131.232 billion to $138.993 billion between February 13 and February 20, indicating increased demand. Stablecoins play a pivotal role as a bridge between fiat and cryptocurrency…
The price of Ethereum surged to a notable milestone last day, briefly crossing the $3,000 mark for the first time in 22 months.During this period, the price of ETH reached a high of around $3,025, soaring a whopping 27% in the past 30 days. However, its value is said to have fallen slightly, down 3.5%, to about $2,920 at press time. CryptoSlate’s data.Why is ETH rising?The recent price surge of ETH is largely due to speculation surrounding the possibility that the U.S. Securities and Exchange Commission (SEC) would approve a spot Ethereum exchange-traded fund (ETF) in May.British multinational bank Standard…
Investing in cryptocurrencies has become a popular way to diversify investment portfolios and generate potentially high returns. One cryptocurrency that is receiving attention is MorpheusCoin. In this guide, we will take an in-depth look at MorpheusCoin and explore its potential for cryptocurrency investors. What is Morpheus Coin? MorpheusCoin is a decentralized digital currency that leverages blockchain technology to facilitate secure and anonymous transactions. It was created with the vision of providing a fast, efficient and affordable alternative to the traditional financial system. The creators of MorpheusCoin aimed to address some of the shortcomings of existing cryptocurrencies, such as slow transaction…