In A Nutshell A former board member of the Bank of Japan (BOJ), Makoto Sakurai, has expressed skepticism about the possibility of additional interest rate hikes within the current year. Following a recent hike that pushed the benchmark rate to 0.25%, causing significant market turmoil, the BOJ is expected to maintain current rates. This decision…
In A Nutshell Binance Coin (BNB) has demonstrated resilience amidst market volatility, surpassing crucial resistance levels and closing at $523. This performance hints at a potential change in market sentiment, possibly shifting towards a more bullish or at least neutral outlook in the short term. Despite this uptrend, BNB still faces challenges with resistance at…
In A Nutshell The cryptocurrency market is witnessing a widespread bearish sentiment, with Binance Coin (BNB) being significantly impacted. Recent analysis and social media metrics suggest a lack of confidence among traders regarding BNB’s short-term price recovery. Amidst market turmoil and panic selling, traders and speculators are advised to tread cautiously. Market Panic and BNB:…
In A Nutshell The digital currency Shiba Inu (SHIB) is exhibiting signs that could lead to a substantial price surge in the coming weeks. Analyses and market indicators suggest a potential 354% increase in SHIB’s value, underpinned by increased burning rates and buying pressure. This article delves into the technical and market dynamics that could…
In A Nutshell The Litecoin (LTC) market has recently demonstrated patterns of bearishness, with a notable decline in bullish confidence since March 2024. Despite this downturn, on-chain data reveals a significant shift towards long-term holding among Litecoin investors. This brief explores the current landscape for Litecoin, examining the trends in investor behavior and the implications…
In A Nutshell Bitcoin’s hashprice, a critical metric gauging miner revenue, has recently plummeted to its lowest level ever recorded, sparking concerns over the financial viability of Bitcoin mining operations. This downturn coincides with a significant increase in the network’s difficulty, further straining miners’ profitability. As the situation unfolds, the Bitcoin community is on high…
In A Nutshell Security experts have unveiled a new hacking technique, dubbed “Dark Skippy”, capable of breaching Bitcoin hardware wallets to steal private keys with minimal user transactions. This method relies on compromising the wallet’s firmware to secretly transmit parts of a user’s seed phrases via public Bitcoin transactions. Unlike its predecessors, which demanded numerous…
In A Nutshell The UK’s Competition and Markets Authority (CMA) has initiated a formal investigation into Amazon’s $4 billion investment in artificial intelligence research firm Anthropic, exploring if this partnership constitutes a de facto merger. This inquiry, which began on August 9th, delves into the implications of such financial engagements under antitrust laws, with a…
In A Nutshell The recent report by Blocksbridge highlights a significant downturn in the profitability of Bitcoin mining, with miner hashprice dropping to below $36 per petahash per second (PH/s), marking a new record low. This decline is primarily attributed to the reduced block rewards post-halving and the unprecedented rise in Bitcoin mining difficulty. Despite…
In A Nutshell Michael Saylor, the influential co-founder of MicroStrategy, has become a central figure in the cryptocurrency world due to his substantial personal and corporate investment in Bitcoin. With an individual holding of 17,732 BTC, which represents about 10% of MicroStrategy’s total Bitcoin portfolio, Saylor’s commitment to the digital currency is unwavering. Despite the…