The ECB warns that Bitcoin’s rise benefits early adopters, leading to wealth inequality and social instability.Bitcoin’s original goal as a global payment system has failed due to slow transactions and high costs. The European Central Bank (ECB) has issued a critical assessment of Bitcoin’s soaring value, claiming that its expansion poses serious threats to social...
Gold and S&P500 have outpaced Bitcoin in record highs, however, market insiders observe key factors that are lining up to push BTC beyond its peak. The massive Bitcoin liquidation by the German government and the MT Got repayment announcement in the summer are reported to be the headwinds impeding the growth of the BTC price. Bitcoin...
Bitcoin dominance surpassing 65% suggests increased investor confidence and potential for a Q4 2024 bull run.Rising dominance often signals a shift from altcoins to Bitcoin, hinting at possible market movements in the near future. Bitcoin market dominance has surpassed 65%, its highest level since early 2021, stoking anticipation that a bull run is imminent in...
Experts observe that the US economic data calendar this week could position the crypto market in bullish ways. Amid the backdrop of this, the overall crypto market cap has surged by 8% in the last 24 hours, with Solana and Cardano leading the top altcoin market. The crypto market makes a general daily upsurge of 8%...
BRICS nations plan to use cryptocurrencies for secure investment payments, reducing dependence on the US dollar.BRICS Pay, a blockchain platform, is designed to enhance transaction efficiency and promote local currencies among member states. In October, the BRICS bloc, comprising Brazil, Russia, India, China, and South Africa, made a significant move toward incorporating digital assets into...
Cardano co-founder Charles Hoskinson has boldly declared that Cardano would outpace Bitcoin (BTC) and Ethereum (ETH) in the next ten years. Speaking at the Cardano Summit hosted in Argentina, Hoskinson disclosed that the team is more focused on an efficient and loyal community than engaging in aggressive marketing. Cardano (ADA) has become bullish on all fronts...
Peter McCormack is known as a podcaster in crypto circles, but in his hometown, he now runs a football club that’s relying on Bitcoin to make its foray into the English Premier League.Real Bedford FC has attracted investment from the Winklevoss twins and sponsorships from Gemini, Luxor, Ledger, and other leading crypto companies. When Ryan...
Lily Knight, at just three years old, became the youngest Bitcoin educator, simplifying complex concepts like blockchain for beginners.Lily’s viral videos and interviews, including with Michael Saylor, highlight her unique role in making crypto accessible to all. In an industry characterized by sophisticated jargon and seasoned professionals, one unlikely individual has emerged to enchant audiences:...
Ethereum’s market cap has dropped $1 trillion behind Bitcoin due to declining whale transactions, ETH sales, and slow adoption of ETFs.Concerns about centralization following Ethereum’s move to Proof-of-Stake are contributing to its ongoing market struggles. Following the staking cap review recently shared by CNF, in which Vitalik Buterin warned about Ethereum’s centralization risks, the price...
Over 320,000 active Bitcoin addresses are interacting with the price range near its old ATH.Bitcoin reserves on exchanges are near five-year lows, suggesting traders prefer holding despite recent market corrections. Around its old all-time high (ATH), Bitcoin is showing considerable activity, indicating increased interest and possible support. IntoTheBlock data indicates that, especially around $68,500, approximately...