Author: cryptotechbro
Cointelegraph recounts the most memorable moments on X this year which influenced crypto and crypto culture in 2024.
Follow Frank on X. On a recent episode of the Galaxy Brains podcast, Michael Saylor made the case that bitcoin isn’t a currency and that it’s best to think of it as capital and capital only.He also shared that Tether (USDT) and Circle’s USD Coin (USDC) are the real digital currencies and unveiled his “evil genius strategy” (his own words) to get the world to adopt the U.S. dollar stablecoins as opposed to bitcoin.In this Take, I’ll cite some of Saylor’s own words from the podcast before breaking down why many of the points he made are off base.Capital, Not Currency“It’s…
Several key companies believe that Bitcoin prices will rise higher in 2025 based on a number of common factors. Bitcoin (BTC) hit new highs above $100,000 in December 2024, and key firms involved with the crypto sector believe that prices will rise further in 2025. Below, we’ll look at four predictions from top companies. In a December report, crypto asset manager Bitwise predicted that BTC could be worth $200,000 by the end of 2025, while Ethereum (ETH) could reach $7,000. Bitwise expects several trends to keep Bitcoin prices high, including continued inflows into Bitcoin ETFs, further purchases by governments and…
Bitcoin is currently navigating a volatile phase, consolidating below the $100,000 mark after failing to hold it as a key support level. This recent setback has sparked uncertainty among investors, but the future still looks promising. Despite the short-term turbulence, key metrics are painting a bullish picture of Bitcoin’s long-term prospects. A notable analysis by analyst Axel Adler highlights the Bitcoin Exchanges netflow-to-reserve ratio, a new metric shedding light on an ongoing accumulation phase in the market. This indicator shows that BTC is being moved from exchanges into long-term storage, signaling investor confidence and a potential price rally as the…
Bitcoin continues to grapple with the psychological $100,000 milestone, failing to break above this critical resistance after a retrace from all-time highs. This prolonged stagnation has sparked discussions about a potential correction or deeper retrace as the market awaits confirmation of Bitcoin’s next major move. Both analysts and investors are closely monitoring the situation, eager to discern whether the cryptocurrency will rally to new heights or succumb to selling pressure. Related Reading Adding fuel to these concerns, renowned analyst Maartunn recently highlighted alarming on-chain activity. Over 8,000 BTC, aged between five and seven years, have moved on-chain, raising questions about…
An analyst predicts that Ether may outperform Bitcoin in January 2025, IRS introduces new DeFi rules, and more: Hodlers Digest
I have just finished reading Debt: The First 5000 Years by anthropologist David Graeber. The book takes a look at the history of money, debt, and how they relate to societal structures from a lens that departs heavily from the conventional wisdom of economic thinking. Conventional wisdom paints a picture of people inefficiently bartering goods and services directly for each other, and money naturally arising as a result of the problems inherent in this. Graeber eviscerates this narrative looking at anthropological history. Primitive communities simply shared their resources freely with each other, living in a communal lifestyle, with bartering rarely…
A recent report warned about a new sophisticated phishing scam targeting unsuspected crypto users. The scheme involves fake Zoom meeting links to trick investors into downloading malicious software to steal their assets. Fake Zoom Link Steals Private Data On Friday, Blockchain security firm SlowMist warned investors that hackers had been targeting crypto users with a sophisticated phishing scam to access their sensitive data. The investigation revealed that malicious actors used “social engineering and trojan techniques” to steal the victim’s private keys, wallet data, and other sensitive information. According to the report, several X users posted online about a phishing attack…
Este artículo también está disponible en español. The Bitcoin price has struggled to reclaim previous price highs above $100,000, with bearish sentiment dominating the market. Currently, the Bitcoin price is retesting the support line of an Ascending Channel after crashing below $95,000. A crypto analyst has predicted that if it can hold this key support level, it could stage a recovery and skyrocket to its next bullish target, aligning with the upper resistance line of the channel. Bitcoin Price Retest Support Line; New Target In Sight In a chart illustrating Bitcoin’s price movement within an Ascending Channel, Trader Tardigrade, a…
The ChatGPT maker is considering turning its for-profit arm into a Delaware Public Benefit Corporation amid ongoing criticism of its legal structure.