Arthur Hayes, the co-founder of BitMEX, recently shared a grim prediction for the immediate future of the Bitcoin price. Despite not providing explicit reasons for his forecast, Hayes expressed his belief that Bitcoin will drop below $50k in the upcoming weekend. This bold statement indicates a pessimistic view on the current market conditions and hints
admin
The world of cryptocurrency is constantly evolving, with the market being heavily influenced by news, trends, and community discussions. Investors who stay informed about these narratives have a significant advantage when it comes to making decisions about their portfolios. Santiment, a crypto research and intelligence platform, has identified several key narratives that have shaped the
Recently, the Indian crypto exchange WazirX fell victim to a devastating cyber attack orchestrated by a hacker who managed to steal over $235 million worth of assets. The hacker has been actively laundering the funds, with approximately $10 million being moved through the sanctioned Tornado Cash platform in the last 24 hours. Cyvers, a blockchain
Recently, the Future Forward USA PAC, which is in support of Vice President Kamala Harris’ presidential campaign, has made a bold move by accepting crypto donations through Coinbase Commerce. This development comes after some initial confusion caused by comments made by a Coinbase executive at a recent conference. During Citigroup’s 2024 Global TMT Conference in
Robinhood Crypto, a division of the popular trading app Robinhood, recently came under fire for agreeing to pay a hefty $3.9 million fine to settle a California investigation. The investigation revealed a series of questionable practices that had been ongoing from 2018 to 2022. Perhaps the most concerning issue was Robinhood Crypto’s prevention of users
The summer of 2024 has witnessed a similar pattern to that of 2023 when it comes to the Bitcoin market. Since the beginning of summer in June, the price of Bitcoin has been on a downward trend, experiencing multiple flash crashes along the way. The price of Bitcoin dropped from over $70,000 to below $50,000
Samuel Edyme, also known by his nickname HIM-buktu, is not your average web3 content writer. His journey into the crypto universe has been anything but ordinary, starting with a scam that led him to become the voice of reason in the crypto space. His experiences through major market events have honed his keen sense of
X Empire, a tap-to-earn crypto game on Telegram, has taken the world of blockchain gaming by storm. Formerly known as Musk Empire Game, this innovative experience combines the excitement of tap-to-earn mechanics with the allure of cryptocurrency rewards. The game’s highly anticipated airdrop has players buzzing with excitement as they eagerly await the chance to
Bitcoin’s price has been fluctuating recently, with significant drops and failed attempts at creating a bullish reversal. This downward trajectory can be attributed to various economic factors that are currently influencing the financial markets. One of the major concerns impacting Bitcoin’s price is the looming threat of a US recession. The uncertainty surrounding the US
Bitcoin recently dropped below $56,000, signaling a continued downtrend. According to Arthur Hayes, former CEO of BitMEX, there is a possibility that Bitcoin could further decline to $50,000. Additionally, Hayes suggested that altcoins might face even more significant losses in the near future. Hayes’ pessimistic forecast is largely influenced by the broader macroeconomic landscape. He
