Latest Crypto & Bitcoin News

Famous economist Peter Schiff, also known as the “Gold Bug”, issued a warning after the Bitcoin halving. Peter Schiff angered investors with his comments after the Bitcoin halving announcement on April 20th. In his statement, the economist targeted Bitcoin investors, asking “Are you celebrating with a party tonight?” He warned that the halving will soon cause investors’ net assets to be halved: “Congratulations to Bitcoiners for the halving. Are you celebrating with parties tonight? I was not invited to any of them. I think halving is an appropriate name for what is about to happen, as Bitcoin investors will soon experience their net worth being halved.” Frequently making anti-Bitcoin statements, the economist recently suggested that potential sales from institutional investors could lead to a decline in Bitcoin prices.

A crypto investor made millions of dollars in a short time by trading 7 meme coins. According to the data provided by the on-chain analysis platform Lookonchain, the crypto investor earned $1.49 million by buying and selling meme coins in 2 days. Initially, the investor had only a 40% win rate and was not investing more than 80 Solana (SOL) in a meme coin. However, he quickly mastered meme coin trading and increased his investments to a thousand SOL. With 25 profitable trades, a 71.43% win rate, and a total profit of 1.54 million dollars, a total of 35 meme coin trades were executed. Despite struggling for weeks, 96% of the total profit was made within two days on March 16-17. The meme coins that earned the most profit for the investor were Solomon, Monkey Brother, and SNAP.

An announcement made by the Chinese Embassy stated that Angola has banned cryptocurrency mining. According to a news presented in the local Chinese media on April 20, the Chinese Embassy in Angola reminds of the ban on cryptocurrency mining in the Republic of Angola, located in the southwest of the African continent. Angola, the third largest oil producer in Africa, was once China’s leading oil supplier. After mining was banned in China, some mining companies went to Angola. On April 10, Angola put into effect a law regarding the ban on miners of cryptocurrencies and other virtual assets. With this law, cryptocurrency mining is now considered a crime in the country. According to the news, those who mine illegally could face imprisonment from 1 to 12 years.

Famous economist Peter Schiff, known as the “Gold Bug,” warned investors after the Bitcoin halving. Peter Schiff angered investors with his statement after the Bitcoin halving on April 20th. In his statement on the subject, the economist targeted Bitcoin investors, asking, “Are you celebrating this night by having a party?” He made a sarcastic warning that the Bitcoin halving soon will cause investors’ net assets to be halved: Congratulations to Bitcoiners for the halving. Are you celebrating this night by having a party? I wasn’t invited to any of them. I think halving is an appropriate name for what’s coming, as Bitcoin investors will soon experience their net worth being halved. The economist, who often makes anti-Bitcoin statements, suggested in recent days that potential sales from institutional investors could lead to a drop in the Bitcoin price and stated that a collapse could begin.

A crypto investor made millions of dollars in a short time by trading 7 meme coins. According to data from the on-chain analysis platform Lookonchain, the crypto investor earned $1.49 million by trading meme coins in 2 days. Initially, the investor had only a 40% win rate and was not investing more than 80 Solana (SOL) in a meme coin. However, he quickly mastered meme coin trading and increased his investments to a thousand SOL. He made a total of 35 meme coin trades, 25 of which were profitable, with a 71.43% win rate and a total profit of $1.54 million. Despite weeks of effort, 96% of the total profit was realized in 2 days on March 16-17. The meme coins that brought the most profit to the investor were Solomon, Monkey Brother, and SNAP.

An announcement made by the Chinese Embassy stated that Angola has banned cryptocurrency mining. According to a report presented in the local Chinese media on April 20th, the Chinese Embassy in Angola reminded the ban on cryptocurrency mining in the Republic of Angola, situated in the southwest of the African continent. Angola, being the third largest oil producer in Africa, was once one of China’s leading oil suppliers. After the ban on mining in China, some mining companies went to Angola. On April 10th, Angola enacted a law imposing a ban on mining of cryptocurrencies and other virtual assets. With this law, cryptocurrency mining is now considered a crime in the country. According to the news, those engaged in illegal mining could face imprisonment ranging from 1 to 12 years.

The Brazilian stock exchange B3 has obtained a license from the country’s regulator to offer Bitcoin futures. According to Reuters’ news on March 29th, the stock exchange operator of Brazil, B3, has received the green light from the country’s securities regulator to offer Bitcoin (BTC) futures. It was stated that the futures will start on April 17th. Currently offering exchange-traded funds (ETFs) on the exchange, B3 stated that the launch date could change. The announcement mentioned that the Bitcoin futures will be based on data from the U.S. stock exchange Nasdaq. It was emphasized that each contract will be denominated in Brazilian reais. B3 official Delibe Goncalves stated in a comment on the matter: The launch meets the demand for a derivative that provides a hedge against price fluctuations of Bitcoin or exposure to the asset. Since these contracts are futures, no actual Bitcoin will be bought or sold.

Experienced figure raises Bitcoin (BTC) price prediction to $150,000 and explains the reasons behind it. Mark Yusko, founder and CEO of Morgan Creek Capital, stood out with his remarkable Bitcoin prediction in a recent CNBC interview. In the interview, Yusko stated that Bitcoin price could rapidly reach $150,000 in the months following the halving, and detailed the reasons behind this prediction. Yusko’s previous forecast was limited to $75,000, but it seems that new factors have pushed the experienced figure to a two-fold increase. Based on the Metcalfe Law model, Yusko said Bitcoin’s fair value would reach $100,000 after the halving. However, he noted that $150,000 would be a much more reasonable target for this cycle: We’re looking at the fair value based on the Metcalfe Law model. This gives us approximately $50,000. The halving will occur within three weeks. So what happened historically? The price increases, the fair value increases. […]

Fidelity, which has assets worth $11.5 trillion under its management, shared a report expressing concerns about the future of the Ethereum blockchain. On Thursday, March 28, Fidelity Digital Assets highlighted in a research report that the rapidly increasing number of validators on the Ethereum blockchain is causing concerns about technical capacity and centralization. The report emphasized that the increase in the number of validators gained momentum especially after last year’s April upgrade to Shapella. It was noted in the report that each new validator adds an additional connection to the network, increasing the overall bandwidth required to maintain consensus: “The potential concern is as the bandwidth requirements increase, non-performing validators might drop out of the network, and the dropouts are more likely to be self-hosted nodes. Therefore, rapid growth may be problematic due to centralization and bandwidth risks.” Analyst Daniel Gray provided further details on the issue, addressing the technical […]

The crypto market witnessed one of the largest options expiration dates in history. According to data provided by option data provider Greeks.live, a massive amount of options expired today. The data revealed that the expiration of 35,000 Bitcoin options, which have a conceptual value of $9.5 billion, ended with a 0.85 Put Call Ratio and a maximum pain level of $51,000. Additionally, the expiration of 1.58 million ETH options, which have a conceptual value of $5.6 billion, ended with a 0.63 Put Call Ratio and a maximum pain level of $2,600. These options, valued at around $15 billion, marked the biggest expiration in crypto history. The majority of these options were short positions, indicating institutional investors’ failed bearish expectations. As options markets are mainly dominated by institutional investors, it reflects the market expectations of those actors rather than retail investors.