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A recent poll observes the prevalence of crypto among US residents above 18 years.   As technology continues to shape the future as we see it, it appears that millennials are putting their best foot forward in alignment with technological development. French company Alto Invest recently explored prevalent investment practices of persons aged 18 years and above. While most respondents expressed a desire for real estate investment, several others considered crypto a bargain for the future. Alto Invest’s findings concluded…

Famous investor and life coach Robert Kiyosaki tweeted this morning that he was waiting for Bitcoin to dip to $1100. While there is evidence that the celebrity author intended to tweet “$11,000”, several Bitcoin enthusiasts still don’t agree with his analysis.   Typo or  Impossible Prediction? The author of ‘’Rich Dad, Poor Dad’’ took to social media around 1:30 am UTC to share his “buy-the-dip” plans. Robert Kiyosaki has long been a crypto proponent and Bitcoin bull. However, despite his position…

Grayscale – the world’s largest Bitcoin fund – will see its Bitcoin Spot ETF application approved or denied by next week. Ahead of the Security and Exchange Commission (SEC)’s decision, CEO Michael Sonnenshein has issued a reflection letter to investors. He details the progress they’ve made with the transition, including thousands of SEC-directed letters from investors encouraging its acceptance. A Drawn-Out Battle In his letter shared on Monday, the CEO reminds investors that GBTC was designed to be an ETF…

FTX does not have active M&A conversations with Robinhood, FTX CEO Sam Bankman-Fried told CNBC in an emailed statement. Bankman-Fried’s disclosure came after Bloomberg reported that FTX is exploring opportunities to acquire the American crypto and stock trading platform. Bloomberg’s report cited people familiar with the matter. While Bankman-Fried claims FTX is not holding any M&A talks with Robinhood at the moment, he said, We are excited about Robinhood’s business prospects and potential ways we could partner with them, and…

Kaiko, a Paris-headquartered blockchain data analytics firm, has secured $53 million in a Series B funding round. Bloomberg reported earlier today, noting that Eight Roads led the funding round alongside French VC Revaia. The financing round also attracted investments from existing investors like Alven, Point Nine, Anthemis, and Underscore. The company’s Series B round comes amid one of the harshest bear markets in the history of cryptos. According to a Kaiko spokesperson, this funding round has tripled the firm’s valuation…

Morgan Stanley says changing to Proof of Stake might not solve Ethereum's scaling problems.   An equity strategist for Morgan Stanley claims Ethereum beacon-mainnet merge will cause demand for graphics processors to plummet in the coming months. The Ethereum platform has been undergoing a parade of testnets preparing for its merge with Beacon Chain. This merge is a move to facilitate the blockchain's transition from operating a Proof of Work model, to Proof of Stake.  The PoW consensus model understandably…

America’s Libertarian party – the nation’s third-largest political party – made a statement on Sunday that possibly signals support for cryptocurrency. The tweet advocated for the “separation of money and state” as an “imperative” for individual freedom. “A decentralized, immutable currency that scales and is salable over time and space will combat the power of the regime,” it reads. The statement seems to highlight properties for which Bitcoin is often praised. The primary cryptocurrency is known for being the first…

Anonymous – the infamous global hacking collective – recently posted a video message targeted at Terra ecosystem co-founder Do Kwon. The group promised to work with worldwide governments in exposing the founders’ entire criminal history since entering the industry. Terra’s Meltdown In Sunday’s message, Anonymous began by acknowledging the poor present state of the crypto market, and the broader economy. “We were likely going to experience some pain in the crypto industry because of the macro environment, regardless of what…

Russia’s apex bank, the central bank of Russia is currently undergoing a test for its proposed digital Ruble with 12 different commercial banks. There are suggestions that Russia could be fast-tracking the development of a virtual currency to evade sanctions. The latest move signals the intention of the major bank to start the pilot phase in 2023, rather than the 2024 initial date.  Evading SWIFT Sanctions The state-controlled news agency CBR reports that the central bank's digital currency (CBDC) may…

During the European Blockchain Convention in Barcelona yesterday, the Innovation minister for Catalonia suggested that Catalonia could soon launch its own metaverse. This is amidst a gradual digital revolution going on in the autonomous community.  At the event, the Catalonian director-general of innovation Daniel Macro disclosed some strategies the government is exploring to ensure Catalonia becomes a digital powerhouse. He mentioned that one of the benefits of the COVID19 pandemic over the past two years was digitalizing the economy. The…

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $957 billion. Bitcoin has increased by nearly 9% this week. Ethereum gained almost 16% over the past seven days. XRP surged by nearly 17% this past week. Almost all altcoins are trading in the green, with very few exceptions. The DeFi sector added over $2 billion to the total value protocols (TVL), now standing…

Popular cryptocurrency enthusiast and YouTube investigator, Coffeezilla recently expressed doubts about the new stablecoin's legitimacy.  Stephen Findseisen, a.k.a. Coffeezilla, has called into question some of the working principles backing the newly-instituted stablecoin, USDD. Findseisen, with more than 1.1 million subscribers, describes himself as a “crypto scam investigator.” Also, he has increasingly received media attention in the past months. USDD vs. UST According to Findseisen, Justin Sun’s dealings and parallels with the almost defunct UST could be “suspicious.” Findseisen noted that…

The increasing pressure for Bitcoin (BTC) miners to sell their holdings could further exacerbate the bear market. American multinational investment bank JPMorgan Chase strategists said in a note on June 24. Led by Nikolaos Panigirtzoglou, the strategists believe miners are selling their BTC holdings to cover operations costs. According to the strategists: Offloading of Bitcoins by miners, in order to meet ongoing costs or to deliver, could continue into Q3 if their profitability fails to improve. Panigirtzoglou and his team…

Banking giant Goldman Sachs is reportedly raising $2 billion to buy the assets of Celsius – the troubled crypto lending platform. The news comes from two sources familiar with the matter, according to a report from CoinDesk. The bank is ready to buy the lending firm’s assets at a steep discount in the event of a bankruptcy. And, it will do so using commitments from investors. The move is part of Goldman’s effort to draw commitments and gauge interest from…

The electricity consumption of Bitcoin mining companies has plunged significantly in the wake of the intensifying crypto winter. Crypto analyst Digiconomist revealed this news in its Energy Consumption Indices for Bitcoin (BTC) and Ethereum (ETH). According to the BTC index, the electricity consumption of Proof-of-Work (PoW) miners has plunged nearly 36% in under two weeks. Specifically, BTC’s energy use fell from 204.50 TWh on June 11 to 131.68 TWh on June 23. Despite declining by over a third, BTC’s energy…

Coinbase Derivatives Exchange, formerly FairX, is preparing to launch its first listed crypto derivatives product on June 27. Coinbase announced on June 24, noting that the product is dubbed Nano Bitcoin Futures (BIT). The exchange has lowered the barrier to entry by setting the size of eachBIT contract to 0.01 Bitcoin (BTC). According to the announcement, BIT futures will be available for trading through several intermediaries. These include brokerage firms like EdgeClear, Ironbeam, NinjaTrader, Optimus Futures, Stage 5, and Tradovate.…

The Horizon bridge to the Harmony blockchain has lost $100 million worth of altcoins to a malicious actor. Harmony announced today morning via Twitter. [embed]https://twitter.com/harmonyprotocol/status/1540110924400324608?s=20&t=cgXzjYq4foPyAMVF1G8Tcg[/embed] Following a brief investigation, the Harmony team pinpointed the attacker’s Ethereum address. After compromising the Horizon bridge, the attacker transferred different tokens to their wallet, with the first transfer coming a little over 20 hours ago. According to Harmony, this exploit did not impact the trustless Bitcoin (BTC) bridge. The protocol claims this bridge’s funds…

Solana Mobile, a subsidiary of Solana Labs, announced the launch of its Android smartphone, Saga on Thursday. The flagship phone, which debuted at a New York event, has unique functionalities based on the Solana blockchain. It allows users to carry out transactions in web3, including managing their tokens and NFTs.  Saga sets a new standard for the web3 experience on mobile,” Anatoly Yakovenko, Solana’s co-founder, said at the event. Yakovenko pointed out that Saga was created to meet the steady…

Cryptocurrency brokerage platform Voyager Digital recently reduced its daily withdrawal limit down to $10,000. That’s a 60% drop from its previous $25,000 limit, prior to its financial problems relating to Three Arrow Capital (3AC). Voyager published its new withdrawal limit on its site in an update on Wednesday. It states that users can withdraw $10,000 within a 24-hour period, with a maximum of 20 withdrawals. The news follows Voyager’s worrying reveal that it had over $700 million in exposure to…

Legendary soccer player Cristiano Ronaldo (CR7) has inked a multi-year non-fungible token (NFT) deal with leading crypto exchange Binance. Through this partnership, Binance will launch a global promotion to introduce Cristiano’s fans to the Web3 ecosystem. Neither Binance nor the football legend disclosed how long the agreement would last. [embed]https://twitter.com/binance/status/1539969367726620674[/embed]   In a subsequent blog post, Binance said this deal would see it work with Cristiano to create a series of  NFT collections. The collections will only be available for…

Following Bitcoin’s steep price collapse starting in May, the mining industry has been significantly less profitable. Data has now surfaced that miners sold more than 100% of the Bitcoin they generated last month. Miners Capitulating According to a report from Arcane Research published on Monday, miners have held on to most of their accumulated coins since the beginning of the year. Selloffs were only roughly 30% of productions from January through April. That changed quickly in May, with the number…

Binance – the world’s largest cryptocurrency exchange – will perform maintenance on its Ethereum wallet in about five days. Users will be unable to use their self-hosted wallets to interact with their Binance accounts during that time. According to a company announcement on Wednesday, the maintenance will take place on June 27th at 06:00 UTC for approximately 2 hours. The exchange will temporarily disable Ethereum network deposits and withdrawals at  beginning, five minutes before this maintenance starts. That includes not…

Devotees of the reactionary conspiracy theorist group, QAnon, have fallen victim to multiple crypto scams by influencers. According to reports, influencers PatriotQakes and Whiplash347 scammed thousands of investors by promoting fake cryptos on their Telegram channels. Logically, a tech fact-finding company, unearthed a massive fraudulent scheme run by QAnon thought leaders PatriotQakes and their partner. The duo had built Telegram communities of about 300,000 followers combined, named Whiplash347 and Quantum Stellar Initiative (QSI.) In these groups, the fraudsters allegedly promoted…

Blockchain payments company Roxe Holding has entered a deal with Goldenstone Acquisition, a special-purpose acquisition company (SPAC). The firm unveiled this news through a press release on June 21. Through this deal, Roxe will become a publicly-traded company on the Nasdaq stock exchange. According to the news release, the transaction is subject to approval by Goldenstone stockholders and other closing conditions, including regulatory approvals. Upon the completion of this deal, the combined company will operate as Roxe Holding Group Inc.…

NFT collective Doodles recently dropped two major announcements at a show hosted alongside the 4th annual NFT NYC Conference.  Pharrell Joins Doodles NFT The team has brought popular musician and producer Pharrell Williams onboard as Chief Brand Officer. Additionally, the project has completed its first funding round, led by venture capital firm Seven Seven Six.  The “Happy” singer's position will see him bring a fresh perspective to Doodles' music, artwork, consumer products, animation, and events. Most importantly, Williams will also…

Ethereum co-founder Vitalik Buterin called out the popular Bitcoin price-analyst “Plan B” on Tuesday. He mocked the analyst’s trademark Stock-to-Flow (S2F) price prediction model, suggesting that it was irresponsible to share from the start. S2F ‘Not Looking Good’ In a tweet hours ago, Vitalik posted a picture of Bitcoin’s price plotted against the S2F model. “Stock-to-flow is really not looking good now,” he commented. With Bitcoin’s recent declines, the price has deviated even further from Plan B’s more bullish modeling…