The Bitcoin price has reached a stagnant point after soaring to $71,000, lingering in a state of uncertainty. Such periods often precede major movements in price, but predicting the direction of these movements is a daunting task. Crypto analyst Alan Santana has delved into the Bitcoin chart to forecast the potential trajectory of the price.
Creditors of the bankrupt cryptocurrency exchange FTX have raised concerns over the proposed reorganization plan, stating that it does not meet certain requirements of the Bankruptcy Code. The objection, submitted by FTX creditors including Ahmed Abd El-Razek, Pat Rabbitte, Noia Capital, and activist Sunil Kavuri, highlights issues such as property rights, the best interest test,
California-based med-tech company Semler Scientific has recently made waves in the industry by announcing its purchase of an additional 247 BTC for a total of $17 million. This brings the company’s total bitcoin holdings to 828, which were acquired for $57 million in total. Semler Scientific is also looking to raise $150 million in order
Philip Swift, the founder of LookIntoBitcoin, recently pointed out the significant increase in global liquidity, which has just reached a new all-time high (ATH). According to Swift, global liquidity hitting a new ATH is a crucial indicator of how Bitcoin can rise in the current bull run. Swift emphasized that global liquidity is the “most
McDonald’s Singapore has recently entered the metaverse with the introduction of the digital environment known as “My Happy Place.” Collaborating with Bandwagon Labs, this initiative is accessible through the official McDonald’s app and provides a blend of virtual and real-world experiences for users. “My Happy Place” offers users a variety of interactive activities to engage
The recent surge in Bitcoin price to $70,000 has sparked optimism among investors, especially those in the United States. The return of the Coinbase Premium Index to positive territory has been seen as a bullish signal for many. The Coinbase Premium Index (CPI), which had been in the negative since May 18, has now turned
Ethereum price recently experienced a downside correction after failing to break past the $3,885 resistance level. This correction has led ETH to drop below $3,800 and it could potentially slide further towards $3,720 in the near future. The failure to surpass the $3,880 resistance sparked this pullback, with the price currently trading below $3,840 and
The metaverse has shifted from being a distant concept to a tangible reality that is reshaping the digital landscape. This collective virtual shared space is formed by the merging of enhanced physical reality and persistent virtual reality. Metaverse apps serve as gateways to these digital worlds, offering immersive experiences, social interactions, and economic activities in
Tokenization in the financial industry has been gaining significant traction in recent years. Nadine Chakar, the global head and managing director of DTCC Digital Assets, presented a compelling case for the benefits of tokenization in her testimony before the House Financial Services Subcommittee on Digital Assets. She emphasized the transformative potential of tokenizing real-world assets
Kraken, a prominent cryptocurrency exchange based in the United States, is reportedly gearing up for a significant funding round in anticipation of a potential initial public offering (IPO) next year. According to sources cited by Bloomberg, the exchange is looking to secure $100 million in funding before proceeding with its IPO plans. If successful, Kraken