Veteran trader Peter Brandt sparked debate after suggesting BTC may have already hit its peak this cycle, but even he didn’t put much stock in the theory. There’s a very slight chance that Bitcoin has already reached its peak this cycle at the $70,000 mark, according to the “exponential decay” pattern floated by veteran trader…
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Changpeng Zhao, the former CEO of crypto exchange Binance, has been sentenced to four months in prison. Ahead of his sentencing on April 30, Changpeng Zhao, the former CEO of Binance, made a heartfelt plea for forgiveness and a second chance. In a letter submitted to the court on April 24, Zhao expressed profound regret for his actions, acknowledging…
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Hong Kong already has a clear definition of Ethereum and it is not a security, said OSL Digital Securities head Wayne Huang. Exchange-traded fund issuers in Hong Kong are not concerned about the crypto crackdown in the United States which could result in regulators classifying Ether as a security. Speaking at a press conference on…
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Bitcoin and altcoins are projected to reenter bullish upside on longer timeframes, with the signs becoming clear despite consolidatory BTC price action. Bitcoin bounced past $64,000 ahead of the April 28 weekly close as altcoins sought a recovery. BTC/USD 1-hour chart. Source: TradingView Altcoins set for boost on waning Tether dominance Data and TradingView tracked stronger BTC…
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The solo miner netted around $200,000 in rewards for validating block 841,286. A single Bitcoin miner has defied the odds by solving a Bitcoin block alone, netting them the full 3.125 Bitcoin block reward. On April 28, software engineer and administrator from the solo mining pool ckpool, Con Kolivas, posted to X that a miner had…
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Google Cloud recently launched a Web3 portal with testnet tools, blockchain datasets, and learning resources for developers, receiving mixed reactions from the crypto industry. Google Cloud has introduced a new Web3 portal with resources for blockchain developers, including datasets and tutorials on creating non-fungible tokens (NFT). However, the reception within the cryptocurrency industry has been…
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Bull flags are historically associated with more upside momentum, but Bitcoin price could still use a catalyst before rallying to new highs. Bitcoin printed a bull flag on the daily chart, a technical chart pattern associated with strong upward momentum for the asset. Could it signal the start of the post-halving bull run? Bitcoin bull flag…
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Republic First Bank’s 32 branches across the United States will reopen under Fulton Bank starting April 27, according to the FDIC. United States regulators have closed Philadelphia-based Republic First Bank, marking the nation’s first banking failure of 2024. It has sparked debate among the crypto community amid Bitcoin , Ether and several altcoins slightly faltering…
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This week’s Crypto Biz examines X’s upcoming payment system, the NYSE’s potential 24/7 trading, Block’s expansion into Bitcoin mining, and more. Social media platform X is set to incorporate a wide range of financial services into its ecosystem. Christopher Stanley, X’s head of payments, compared the future functionality of the platform to the combination of…
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The creator of the Bored Ape Yacht Club has been struggling with a changing market and still plans to focus on its Otherside metaverse project. Yuga Labs CEO Greg Solano had a “tough day,” he informed company employees in a message that he then shared with the world on X. Some of those employees had…
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