Given just how popular cryptocurrency trading is today, one would be forgiven for thinking that price predictions and corrections were art that could somehow be learned. Today, investors and traders make price predictions and speculations with the conviction of a scientist experimenting with the phenomena of gravity- the sure knowledge
Twitter CEO Elon Musk has stated that Bitcoin will recover, but it will take time because of the prolonged winter. The Tesla owner is very interested in cryptocurrency and has a lot of influence over the DOGE. In addition, despite the winter around the crypto industry and the collapse of
The Financial Secretary of Hong Kong has urged for a greater emphasis on transparency and adequate supervision when dealing with virtual assets, just days after Binance CEO Changpeng “CZ” Zhao warned of the advent of more regulatory scrutiny in the wake of the FTX crash. Paul Chan, Hong Kong’s Financial
Cathie Wood, founder, and chief investment officer of investment management company Ark Invest, tweeted on Saturday her concerns that the Federal Reserve might cause inflation and a worldwide economic catastrophe similar to that of 1929. During the Great Depression, she said, the Federal Reserve boosted interest rates “to squelch financial
Famous Bitcoin maximalist El Salvador President, Nayib Bukele, showed up on Twitter to solidly express the cruciality of Bitcoin amid the ongoing chaos in the crypto market. He penned down that the bankrupted crypto exchange FTX is unlike Bitcoin. FTX’s non-transparency and unfair handling of users’ funds triggered him to
After being dormant for almost 11 years, a sizable number of bitcoins finally moved on Friday morning. A total of 3,500 Bitcoins valued at over $60 million, originated from seven unique Bitcoin addresses created on October 7, 2011. This is the first significant awakening of long-dormant bitcoins in months. Btcparser.com
Investors’ faith in centralized cryptocurrency exchanges has been severely shaken by the demise of FTX. The safety of users’ funds has reemerged as a topic of discussion in the wake of the ensuing financial turbulence. And stories about the failing crypto exchange using user cash to support reckless wagers. Some
It has been announced by the Indonesian government that it plans to give the Financial Services Authority (OJK) responsibility for regulating, supervising, and overseeing the country’s expanding cryptocurrency investment market. Currently, market regulation is under the purview of the Ministry of Trade and the Commodity Futures Trading Regulatory Agency. As
On Thursday, experts at JPMorgan Chase, headed by global market strategist Nikolaos Panigirtzoglou, released their assessment of the FTX scenario and bitcoin price forecast. The researchers elaborated on the decline in the number of strong competitors in the crypto market. The analyst stated: “What makes this new phase of crypto
According to Binance CEO Changpeng Zhao, the president of El Salvador today reassured citizens that their country’s cryptocurrency assets were not on the failing exchange FTX. On Thursday, the CEO of the largest cryptocurrency exchange in the world tweeted that he had spoken to President Nayib Bukele, who had denied
