Standard Chartered’s lead on forex and crypto research, Geoffrey Kendrick, and his team have recently proposed a bold prediction: Ethereum could skyrocket to $8,000 by 2026. The projection is backed by the strength Ethereum exhibits in areas such as smart contracts, gaming, and tokenization. These are the key drivers expected to fuel Ethereum's price surge. […]
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In a striking twist, Ethereum has transitioned from a deflationary model to an inflationary one, with a 0.178% increase observed in the last 17 days. During this timeframe, the network's total supply expanded by an impressive 22,502 ether, equivalent to $35.31 million. The Correlation Between Ethereum's Inflation and Onchain Downturn In the past, Ethereum embraced
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Experienced cryptocurrency investors continue to accumulate Bitcoin (BTC) at the rate of 50,000 coins per month, equivalent to $1.35 billion, based on the recent onchain report by blockchain analytics company, Glassnode. This increasing demand happens while the extensive digital asset market remains remarkably inactive both onchain and across trading platforms. Consistent Bitcoin Investors Hold Firm
The former CEO of FTX, Sam Bankman-Fried (SBF), is facing accusations of directing team members to inappropriately use FTX client assets and conceal financial weak points from multiple creditors, according to Caroline Ellison, the previous CEO of Alameda Research. Ellison delivered this revelation during a hearing on Wednesday, part of the ongoing fraud case against
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The cryptocurrency marketplace is a vibrant and dynamic field, with digital currencies such as Polygon and Cosmos witnessing significant fluctuations. Let's delve into the recent performance of these two digital assets. Polygon's Recent Market Performance Polygon (MATIC), a popular cryptocurrency, has recently experienced a downturn, marking its fourth consecutive day of losses. The digital currency's
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Bitcoin's hashrate has made a remarkable leap, setting a new record in the cryptocurrency market. This surge came about a week after Bitcoin miners faced a slight increase in difficulty, at block height 810,432. On October 8, the Bitcoin hashrate climbed to a historic high, reaching a staggering 440 exahash per second (EH/s) as per
The ever-changing landscape of cryptocurrency markets witnessed significant shifts at the start of the week with prominent cryptocurrencies like Shiba Inu and XRP expressing contrasting behavior. These variances in the value of digital assets exemplify the volatility and inherent high-risks associated with the growing crypto-sphere. The Shiba Inu crypto's response to escalating geopolitical tension The
Stress signals rippled across financial market structures on a grim Monday marred by a sharp slump in the US's major financial indices. This slide, credited to the escalating Israeli-Hamas conflict, double-shocked an already strained crypto sphere, causing a 1.8% dip against the US dollar. On a lighter note, the burgeoning tensions nudged a surge in
There is a claim that Estonia, once known for its liberal crypto licensing procedure, was taking advantage of by scrupulous individuals to commit a wide range of crimes, from investor fraud to money laundering. A comprehensive investigation report reveals numerous instances of these illicit activities. After the implementation of stricter rules, most of these offenders
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A potential downturn in the U.S. dollar could spell a surge for Bitcoin and gold, an economic prediction by financial powerhouse Jefferies suggests. The firm, which operates across four continents, foresees an inability by the Federal Reserve and G7 central banks to adequately retract their unconventional monetary policies. This situation could effectively set the stage
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