In the second quarter of the year, the BNB Smart Chain (BSC) faced a mix of challenges and opportunities. Despite the native token BNB remaining relatively flat, down 5% quarter-over-quarter, the network’s key metrics showed a variety of trends. According to a recent report by Messari, the chain’s revenue experienced a significant decline of 28%
There have been predictions by hedge fund managers such as James Lavish, who believe that Bitcoin could potentially rise to $428,000 at some point in the future. Lavish mentioned in a post on X that for Bitcoin to reach this ambitious target, it would need to become 1% of the $900 trillion investment assets worldwide.
Senator Cynthia Lummis of Wyoming made headlines with her groundbreaking proposal to use Bitcoin to supercharge the US dollar and pay off the national debt. The proposal, known as the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act,” aims to establish a Strategic Bitcoin Reserve to manage the Federal Government’s Bitcoin holdings
As BNB continues to exhibit strong bullish momentum, technical indicators suggest a potential upward trend towards the $605 resistance level. The recent price movements of BNB have been influenced by key factors that have resulted in significant market dynamics. Technical Analysis Upon analyzing the 4-hour timeframe, it is evident that BNB has crossed above the
The Bahamas Securities Commission recently passed the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024), marking a significant milestone in the country’s digital assets industry. This move comes nearly two years after the collapse of FTX, a major exchange headquartered in the Bahamas in 2022. Christina Rolle, the executive director of the Securities Commission,
The Elliot Wave theory has gained significant popularity among Bitcoin analysts for its ability to predict the future direction of the cryptocurrency’s price. Pseudonymous crypto analyst XForceGlobal has recently utilized this theory to project what potentially lies ahead for the Bitcoin price. Wave Analysis According to the analysis shared on TradingView, XForceGlobal employed the 5-wave
Jonathan Mann, known for his daily songwriting streak of over sixteen years, has teamed up with conceptual artist Brian L. Frye to file a lawsuit against the US Securities and Exchange Commission (SEC). The crux of the matter lies in the classification of NFTs representing digital art, such as those created by Mann and Frye,
The Ethereum price recently experienced a correction in gains, leading it to trade below the $3,300 level. ETH is currently consolidating and encountering obstacles near the $3,300 resistance zone. The downside correction began from the $3,400 resistance level, causing the price to drop below $3,330 and the 100-hourly Simple Moving Average. Additionally, a key bullish
Recently, the US Securities and Exchange Commission (SEC) has taken legal action against Nader Al-Naji, the mastermind behind the BitClout blockchain protocol. The SEC accused Al-Naji of engaging in a fraudulent scheme that involved the unauthorized sale of crypto asset securities, duping investors out of more than $257 million through deceptive practices. Additionally, the US
Goldman Sachs CEO David Solomon recently shared his perspective on Bitcoin, stating that while it could “very well” serve as a store of value similar to gold, he remains cautious about the flagship cryptocurrency. Solomon emphasized that he has never been a critic of Bitcoin, but he still sees it primarily as a speculative investment
