Controversial economist and long-time crypto critic, Peter Schiff has once again taken a swipe at investors in the Bitcoin (BTC) ecosystem, asking them to dump the digital asset as it was now worth fewer than “25 ounces” of gold. Bitcoin Price Value Spotlighted Alongside Gold In an X post, Schiff shared an updated chart of The post Bitcoin (BTC) Now Worth Fewer Than 25 Ounces: Peter Schiff appeared first on CoinGape .
Only a few days after the just concluded halving event, Build on Bitcoin (BOB), is now live on its mainnet. This marks a significant advancement in Bitcoin L2 innovation. Build on Bitcoin Bringing the Best of Two Worlds The launch of Build on Bitcoin signifies a key moment in Bitcoin’s integration into Decentralized Finance (DeFi) The post Layer-2 Protocol Build on Bitcoin (BOB) Goes Live On Mainnet appeared first on CoinGape .
There is a strong insinuation that Jack Dorsey’s Block and some of its affiliated platforms may be involved in facilitating transactions for terrorist groups. Hence, Federal Prosecutors have reportedly launched an investigation into their internal practices. Strong Evidence Against Cash App and Square A former employee of the financial technology firm established by Twitter co-founder The post Jack Dorsey’s Block Inc Is Under Federal Probe: Report appeared first on CoinGape .
The US Fed Meeting has kept many investors on their toes on the next wave of monetary policy in the country. The two-day meeting which kicked off on April 30 is still ongoing as market analysts continue to speculate on future trends and the impact on the stock and crypto assets. The general view among The post US Fed Meeting Highlights: Markets Await Crucial Interest Rates Decision appeared first on CoinGape .
The crypto market heat map is shining red with the price falls compared to the gains. But this is not just today, as the market has been behaving like this for days with no significant recovery since March. The entire month of April had been full of ups and downs. For a few days, the The post Did The Crypto Market Crash Today? appeared first on CoinGape .
With over $10 trillion under its management, asset management firm BlackRock has led a $47 million investment in Securitize, a prominent player in the tokenization space. BlackRock’s Investment Boosts In The Tokenization Space As announced on Wednesday, notable participants in the funding round include investment firm Hamilton Lane, financial technology company Tradeweb Markets, and asset
Altcoins have suffered more in the crypto market following the Bitcoin price crash, leaving a lot of investors in losses. This is not out of the ordinary as these altcoins are known to have a higher volatility compared to Bitcoin, hence, their price swings can be more pronounced. Given the recent decline, the expectation is that the altcoins will recover. However, one analyst does not agree with that assessment. Altcoins Headed For 40% Crash In an analysis posted on X (formerly Twitter), seasoned crypto analyst Benjamin Cowen shocked the crypto community with his expectations for altcoins. According to the analysis, the worst is far from over for the altcoin market, as there are still more crashes to come. Related Reading: Crypto Analyst Reveals Why $59,800 Is An Important Level For Bitcoin Cowen explained that this was analyzed using altcoins versus Bitcoin pairs, and it seems each one looks weak against the apex cryptocurrency. This is due to the expected rate cuts, and historical performance suggests that a decline will follow. The crypto analyst pointed to the 2019 rate cuts and how altcoins had reacted to that development back then. Following the rate cuts, altcoins plunged against Bitcoin, with major players recording up to 40% losses during this time. “Perhaps this time is not different? This would mean ALT/BTC pairs drop another 40% from here over the next few months,” Cowen said. Cowen expects this to place out regardless of what happens in the market in the meantime. He explains that even if the market does recover in the short term, it does not invalidate the thesis. “Short-term countertrends do not invalidate this view,” he stated. If this repeats, then it could turn an already harsh market trend even bloodier. The altcoin market cap has already fallen below $1 trillion as of the time of writing, but a 40% decline from here could send it as low as $600 billion. Bitcoin Crash Drags Down Crypto Market While the Bitcoin crash has been brutal, the impact on altcoins has been much more pronounced. Ethereum has held up nicely with less than a 4% decline during this time, but others such as Stacks (STX), Arweave (AR), Neo (NEO), and Sei (SEI) are down an average of 9% in the last 24 hours. Related Reading: Ethereum Price Prediction: Crypto Expert Says ETH Is Yet To Bottom Against Bitcoin Meme coins were also not left out of the bloodbath, with market leader Dogecoin dropping 6% to $0.126 and Pepe (PEPE) plunging 7.74% to $0.0000063. Bonk (BONK) recorded a 5% decline to eliminate some of its gains from last week, and Shiba Inu fell 4.18%. Amid all of this, though, there have been some market winners, with Optimism (OP) recording 12% gains. Cosmos (ATOM) followed with a 9.8% increase, and Starknet (STRK) rose 9%, making them the top gainers of the day, according to data from Coinmarketcap. Altcoin market cap at $952 billion | Source: Altcoin total market cap from Tradingview.com Featured image from Analytics Insight, chart from Tradingview.com
According to a report, Google has recently disclosed plans to lay off a significant number of its core team employees. The tech giant aims to fire at least 200 staff members as part of its ongoing restructuring efforts. These changes come despite the company’s robust earnings reports over the past year. This move aligns with The post Layoff Wave Hits Google Core Employees Amid Reorganization appeared first on CoinGape .
Ladan Stewart, formerly a lead crypto enforcer at the U.S. Securities and Exchange Commission (SEC), has recently provided clarity on the position of the agency towards cryptocurrencies, stating that there is no anti-crypto agenda. Stewart, who worked for the SEC’s Division of Enforcement for more than eight years, shared her experiences and understanding of the The post No Anti-Crypto Agenda at SEC, Confirms Ex-Staff Lawyer appeared first on CoinGape .
The International Criminal Police Organization for Africa revealed that all paperwork has been completed for the extradition of runaway Binance executive Nadeem Anjarwalla. According to local news outlets, Interpol Africa and concerned authorities have ramped up efforts to extradite Anjarwalla. Garba Umar, the Vice President of Interpol disclosed recent developments on the matter adding that The post Interpol Africa Completes Extradition Papers For Runaway Binance Executive appeared first on CoinGape .