Author: Anshul

Is Bitcoin’s Bull Market Over or Just a Correction?

Bitcoin’s price surged to a new all-time high of $108,000 earlier this week but has since fallen to around $94,500. This downturn followed comments from Federal Reserve Chair Jerome Powell, who: These remarks triggered speculation among the crypto community: Is this just a normal bull market correction, or is the Trump-driven rally over? The Bearish […]

Cathie Wood Predicts Bitcoin to Hit $1M by 2030

Cathie Wood, CEO of ARK Invest, has reaffirmed her bold prediction that Bitcoin (BTC) will surpass $1 million by 2030. Speaking with Bloomberg, Wood highlighted Bitcoin’s fixed supply of 21 million units as a key advantage over traditional assets like gold. “When gold prices rise, production increases, but Bitcoin’s supply is fixed,” Wood explained. Spot […]

South Korea Delays Crypto Tax to 2027, Eyes Global Trends

South Korea has reaffirmed its stance to embrace cryptocurrencies amid ongoing political turbulence. On December 18, a government representative stated: “The government is not negative on cryptoassets. As regulations and related systems are still in the process of being built, we decided to defer [the crypto tax].” This announcement follows significant political challenges, including the […]

Crypto Market Sell-Off Wipes Out $787M in Liquidations

The cryptocurrency market witnessed a sharp sell-off, leading to a staggering $787 million in liquidations across various digital assets. According to CoinGlass data, Dogecoin (DOGE) was one of the hardest-hit assets, with $29 million liquidated in the past 24 hours alone. Bitcoin and Altcoins Face Downturn The sell-off was triggered by macroeconomic concerns and widespread […]

Fed Rate Cut Sends Bitcoin to $104K as Crypto Market Reacts

The Federal Reserve is set to announce a 0.25 percentage point rate cut today, bringing rates to 4.25%-4.50%, marking the third reduction in 2024. This move, widely anticipated by markets, has triggered notable swings in crypto prices, with Bitcoin (BTC) falling to $104,000 after hitting $107,000 earlier this week. The CME FedWatch Tool reflects a […]

Trader Turns $6 into $87K as PENGU Token

A savvy trader has turned a mere $6 investment in PENGU tokens into a staggering $87,000 profit during the token’s launch frenzy. The incident occurred as users rushed to trade PENGU tokens following its official launch, unknowingly swapping into the trader’s liquidity pool at inflated prices. According to Arkham Intelligence, the trader strategically bought $6 […]

FTX Names BitGo and Kraken as Bankruptcy Payout Partners

FTX has officially announced BitGo and Kraken as its distribution partners for bankruptcy payouts. The now Court-approved Chapter 11 Plan of Reorganization will take effect on January 3, 2025, marking the initial distribution record date for claim holders. FTX customers and creditors will receive their first payouts within 60 days following this date. However, distributions […]

SEC Issues Wells Notice to NFT Gaming Project CyberKongz

The U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to NFT gaming project CyberKongz, signaling the latest regulatory scrutiny targeting blockchain gaming entities. In a statement posted on X Monday, CyberKongz revealed the SEC’s concerns: Implications of the Wells Notice A Wells Notice serves as a formal warning from the SEC, indicating […]