A prominent crypto analyst believes Bitcoin could be on a path to $150,000 following a confirmed breakout on the weekly chart. In a post on X, analyst Lark Davis pointed to an inverse head and shoulders pattern, a technical structure often associated with bullish trend reversals. The breakout occurred just above the pattern’s neckline, around
In a recent tweet, Max Keiser, a former financial journalist and currently the Bitcoin advisor to El Salvador president Nayib Bukele, took a jab at central banks, mentioning BTC as something that is destroying them gradually. Keiser has commented on a recent speech made by the president of the European Central Bank, Christine Lagarde, in
Shares of Figma (FIG) rose 198% on its first day of trading on the New York Stock Exchange after the company raised $1.2 billion for its Wednesday initial public offering (IPO). The firm priced shares at $33 a share under the ticker “FIG,” valuing the company at about $20 billion. The stock changed hands at
Bitcoin price continues to move sideways today, July 31, as the recent momentum fades. BTC was trading at $118,000, capping a solid month in which it surged to a record high of $123,200. Bollinger Bands and a forming bullish pennant pattern point to an eventual rebound ahead of the August 1 tariff deadline.
The International Monetary Fund (IMF) has noted that Bitcoin, the leading cryptocurrency by market capitalization, remains mostly “off the books” despite using as much electricity as Argentina. The IMF has recalled that 2008 was the last time when countries actually standardized how to measure their economies, but this was before the advent of various disruptive
Myriad Protocol, the multichain protocol designed to power prediction markets, has launched on Ethereum Layer-2 network Linea. “Predictions now have a home on Linea,” said Loxley Fernandes, co-founder and CEO of Myriad’s parent company DASTAN. He added that, “The Linea team is about to really push hard on creating some more resources for Ethereum users,
Tether International Ltd., the holding company behind the largest stablecoin, USDT, posted second-quarter net profit of $4.9 billion. The company held over $162.5 billion in reserves against $157.1 billion in liabilities, the USDT tokens issued, according to the latest attestation by accounting firm BDO. That puts excess reserves at $5.4 billion. Exposure to U.S. Treasuries,
Bitcoin development firm Blockstream has unveiled “Simplicity,” a programming language for smart contracts built on the layer-2 network Liquid. Co-founded by cryptographer and early Bitcoin contributor Dr. Adam Back, Blockstream has introduced Simplicity with the aim of solving the limitations of Bitcoin as a venue for smart contracts. “Simplicity gives Bitcoin expressive smart contracting power,