Tuesday , March 5 2024
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Bhushan Akolkar



Articles by Bhushan Akolkar

Tether’s USDT Stablecoin Tops $100B Valuation for First Time

18 hours ago

[unable to retrieve full-text content]CoinspeakerTether’s USDT Stablecoin Tops $100B Valuation for First Time
Tether’s market capitalization currently rivals that of the British oil and gas giant BP while making USDT the preferred choice in the crypto space to maintain stability in the volatile crypto market.
Tether’s USDT Stablecoin Tops $100B Valuation for First Time

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Massive Crypto Token Unlocking Scheduled for March, Arbitrum to Lead

4 days ago

[unable to retrieve full-text content]CoinspeakerMassive Crypto Token Unlocking Scheduled for March, Arbitrum to Lead
In addition to Arbitrum, other networks like Sui, Aptos, and Optimism are set to unlock millions of tokens in the market this month.
Massive Crypto Token Unlocking Scheduled for March, Arbitrum to Lead

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Trust Wallet Introduces New Smart Contract Wallet SWIFT For Easy Web3 Access

14 days ago

[unable to retrieve full-text content]CoinspeakerTrust Wallet Introduces New Smart Contract Wallet SWIFT For Easy Web3 Access
Trust Wallet SWIFT is establishing a fresh benchmark for Smart Contract wallets, placing a premium on user experience and security from the outset.
Trust Wallet Introduces New Smart Contract Wallet SWIFT For Easy Web3 Access

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OpenAI’s Sora Launch Leads to Strong Rally in AI Tokens over Weekend

15 days ago

[unable to retrieve full-text content]CoinspeakerOpenAI’s Sora Launch Leads to Strong Rally in AI Tokens over Weekend
The launch of OpenAI Sora last Friday has reignited the rally in AI tokens with Worldcoin leading the charge by registering ~200% gains over the last week.
OpenAI’s Sora Launch Leads to Strong Rally in AI Tokens over Weekend

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Shiba Inu’s Shibarium Network Witnesses Mysterious Spike of 8139% in BONE Token Transfers

18 days ago

[unable to retrieve full-text content]CoinspeakerShiba Inu’s Shibarium Network Witnesses Mysterious Spike of 8139% in BONE Token Transfers
The sudden surge in BONE transfers without much impact in its price has confused observers. However, this might be a sign of a strong accumulation phase, with the probability of future bullish action.
Shiba Inu’s Shibarium Network Witnesses Mysterious Spike of 8139% in BONE Token Transfers

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51% Attacks on Bitcoin and Ethereum Won’t Be Possible Any Further, Says Coin Metrics

18 days ago

[unable to retrieve full-text content]Coinspeaker51% Attacks on Bitcoin and Ethereum Won’t Be Possible Any Further, Says Coin Metrics
As per Coin Metrics researchers, the 51% attacks on Bitcoin could cost anywhere $20 billion, and huge mining machinery, which makes it practically impossible.
51% Attacks on Bitcoin and Ethereum Won’t Be Possible Any Further, Says Coin Metrics

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Waitlist for Ethereum Validators Longest since October 2023

22 days ago

[unable to retrieve full-text content]CoinspeakerWaitlist for Ethereum Validators Longest since October 2023
While the Ethereum staking activity has seen some boost in recent times, the staked Ether’s annualized yield remains stagnant even below the 10-year US Treasury note yields.
Waitlist for Ethereum Validators Longest since October 2023

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Chinese New Year Can Fuel Bitcoin Price Rally Further, Analysts Eye $51,000

25 days ago

[unable to retrieve full-text content]CoinspeakerChinese New Year Can Fuel Bitcoin Price Rally Further, Analysts Eye $51,000
On average Bitcoin price has rallied by 11% during the Chinese New Year. Analysts also expect the pre-halving market rally to continue with BTC price going to $51,000.
Chinese New Year Can Fuel Bitcoin Price Rally Further, Analysts Eye $51,000

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Spot Bitcoin ETFs Record Nine Consecutive Days of Inflow, Fidelity Leads

26 days ago

[unable to retrieve full-text content]CoinspeakerSpot Bitcoin ETFs Record Nine Consecutive Days of Inflow, Fidelity Leads
BlackRock and Fidelity continues to see inflows for their spot Bitcoin ETFs eating the market share from Grayscale as GBTC continues to bleed amid high management fees.
Spot Bitcoin ETFs Record Nine Consecutive Days of Inflow, Fidelity Leads

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Bitcoin Halving 2024 Around 70 Days from Here but Miners Put Selling Pressure on BTC Price

27 days ago

[unable to retrieve full-text content]CoinspeakerBitcoin Halving 2024 Around 70 Days from Here but Miners Put Selling Pressure on BTC Price
As block rewards will reduce by 50% after Bitcoin halving in April 2024, BTC miners are selling heavily to finance the purchase of more efficient mining rigs.
Bitcoin Halving 2024 Around 70 Days from Here but Miners Put Selling Pressure on BTC Price

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Monero Price Tanks 17% Soon after Binance Delists XMR

28 days ago

[unable to retrieve full-text content]CoinspeakerMonero Price Tanks 17% Soon after Binance Delists XMR
Crypto exchange Binance said that it decided to delist XMR and other coins as they do not meet their requirements or the industry changes.
Monero Price Tanks 17% Soon after Binance Delists XMR

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Farcaster Protocol Clocks 400% Surge in Daily Active Users amid Frames Launch

29 days ago

[unable to retrieve full-text content]CoinspeakerFarcaster Protocol Clocks 400% Surge in Daily Active Users amid Frames Launch
Frames enable users to execute actions like NFT minting, token claiming, transactions, reading blogs, and answering surveys seamlessly, eliminating the need to sign transactions or leave the Warpcast app.
Farcaster Protocol Clocks 400% Surge in Daily Active Users amid Frames Launch

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Super Bowl 2024 Next Week Will Not Feature Any Crypto and AI Ads

29 days ago

[unable to retrieve full-text content]CoinspeakerSuper Bowl 2024 Next Week Will Not Feature Any Crypto and AI Ads
Two years ago, crypto advertisers occupied the top ad spots at Super Bowl. But the FTX debacle has pushed them out of the game making way for traditional businesses.
Super Bowl 2024 Next Week Will Not Feature Any Crypto and AI Ads

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Bitcoin (BTC) Price Firm at $43,000, US Banks in Crisis-Like Situation

February 2, 2024

[unable to retrieve full-text content]CoinspeakerBitcoin (BTC) Price Firm at $43,000, US Banks in Crisis-Like Situation
NYCB’s share price has tanked 40% within two days amid strong stress on its real-estate portfolio causing investor panic.
Bitcoin (BTC) Price Firm at $43,000, US Banks in Crisis-Like Situation

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Bankrupt Crypto Lender Genesis Global Settles SEC Lawsuit in $21M

February 2, 2024

[unable to retrieve full-text content]CoinspeakerBankrupt Crypto Lender Genesis Global Settles SEC Lawsuit in $21M
The Settlement Agreement is the product of extensive negotiations between the SEC and Genesis Global. Also, the penalty payment will happen if Genesis completely repays its customers and creditors.
Bankrupt Crypto Lender Genesis Global Settles SEC Lawsuit in $21M

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ZetaChain Launches Mainnet Beta, Users Can Start Claiming ZETA Tokens

February 1, 2024

[unable to retrieve full-text content]CoinspeakerZetaChain Launches Mainnet Beta, Users Can Start Claiming ZETA Tokens
The ZetaChain Mainnet Beta unveiled ZetaHub, a user-friendly entry point enabling active engagement with ZetaChain. The native crypto ZETA is already live on KuCoin exchange.
ZetaChain Launches Mainnet Beta, Users Can Start Claiming ZETA Tokens

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Binance Mulling to Sell Its Stake in South Korean Exchange Gopax

January 31, 2024

[unable to retrieve full-text content]CoinspeakerBinance Mulling to Sell Its Stake in South Korean Exchange Gopax
Binance is reportedly not planning to expand its footprint in South Korea amid growing regulatory scrutiny and is willing to sell its stake in Gopax.
Binance Mulling to Sell Its Stake in South Korean Exchange Gopax

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Decentralized Bitcoin Exchange Portal Secures $34M in Seed Funding

January 30, 2024

[unable to retrieve full-text content]CoinspeakerDecentralized Bitcoin Exchange Portal Secures $34M in Seed Funding
Portal aims to use the fresh funding to debut its products on the mainnet and foster the expansion of its ecosystem. The Bitcoin-based DEX distinguishes itself by not holding user funds in any capacity, whether through single or multiple signatures.
Decentralized Bitcoin Exchange Portal Secures $34M in Seed Funding

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SEC Slams HyperVerse Founders for Crypto Fraud and Raising $2B in Ponzi Scheme

January 30, 2024

[unable to retrieve full-text content]CoinspeakerSEC Slams HyperVerse Founders for Crypto Fraud and Raising $2B in Ponzi Scheme
As per the SEC, Chunga individually accumulated approximately $3.7 million from investors’ funds, spending it on personal luxuries like a BMW, designer clothing, and a $1.2 million residence in Maryland.
SEC Slams HyperVerse Founders for Crypto Fraud and Raising $2B in Ponzi Scheme

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Telegram’s Notcoin Hits 20M Users within 26 Days of Launch

January 29, 2024

[unable to retrieve full-text content]CoinspeakerTelegram’s Notcoin Hits 20M Users within 26 Days of Launch
Notcoin’s growth trajectory remains very high amid its simple onboarding process and eliminating the need for players to navigate complex processes to begin playing.
Telegram’s Notcoin Hits 20M Users within 26 Days of Launch

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Vanguard Calls BTC Immature Asset Class While Rejecting Bitcoin ETFs

January 29, 2024

[unable to retrieve full-text content]CoinspeakerVanguard Calls BTC Immature Asset Class While Rejecting Bitcoin ETFs
Vanguard executives said that the company usually focuses on long-term stability instead of short-term trends as the reason behind rejecting the Bitcoin ETF offering.
Vanguard Calls BTC Immature Asset Class While Rejecting Bitcoin ETFs

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Binance.US Faces Suspension of Operations from Regulators in Alaska and Florida

January 26, 2024

[unable to retrieve full-text content]CoinspeakerBinance.US Faces Suspension of Operations from Regulators in Alaska and Florida
In the face of the US government’s actions targeting the global Binance exchange, its domestic counterpart, Binance.US, continued its operations within the country.
Binance.US Faces Suspension of Operations from Regulators in Alaska and Florida

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Bitcoin Critic Peter Schiff Predicts $10 Million BTC Price If This Happens

January 26, 2024

[unable to retrieve full-text content]CoinspeakerBitcoin Critic Peter Schiff Predicts $10 Million BTC Price If This Happens
Schiff also criticized mainstream media coverage of Bitcoin ETFs, noting that many analysts expressing caution now did not offer such warnings before their launch.
Bitcoin Critic Peter Schiff Predicts $10 Million BTC Price If This Happens

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US Government Plans to Sell $130M Worth of Bitcoins Seized from Silk Road

January 26, 2024

[unable to retrieve full-text content]CoinspeakerUS Government Plans to Sell $130M Worth of Bitcoins Seized from Silk Road
The US government confiscated Bitcoin holdings associated with the Silk Road marketplace in two instances, first in Memphis, Tennessee, on February 10, 2021, and then in Arlington, Virginia, on May 11, 2021.
US Government Plans to Sell $130M Worth of Bitcoins Seized from Silk Road

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Former BitMEX CEO Arthur Hayes Says Bitcoin ETFs Could Attract Billions of Dollars

January 16, 2024

While being bullish on Bitcoin ETFs for the long term, Arthur Hayes expressed bearish sentiments on Bitcoin in January, anticipating a short-term correction of up to 30% in prices.

In a recent post on Tuesday, Arthur Hayes, Chief Investment Officer of the family office Maelstrom and former CEO of BitMEX, delves into the allure of Bitcoin (BTC) for investors, citing market inefficiency and its uncorrelated behavior with traditional assets as key factors attracting billions in capital from broader financial markets. As one of the earliest and most notable Bitcoin traders, Hayes highlights the potential for spot Bitcoin exchange-traded funds (ETFs) to unlock new trading opportunities.
He emphasizes that these ETFs could provide traders with avenues to capitalize on the discrepancies

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Bitcoin ETF Approval Can Push BTC Price to Over $100K in 2024

January 12, 2024

Post the Bitcoin ETF approval, the Bitcoin halving in April 2024 will prove to be a major catalyst in driving the BTC price above $100,000 by the end of the year.

In the aftermath of the US Securities and Exchange Commission’s groundbreaking approval of the first-ever US spot Bitcoin exchange-traded fund (ETF), cryptocurrency enthusiasts are optimistic about BTC price potential to surge beyond $100,000 this year. Investors in the crypto space believe that the approval of a Bitcoin ETF is a pivotal step that will diversify the range of investors gaining exposure to the leading cryptocurrency.
Despite the approval of 11 Bitcoin ETFs by the SEC, Bitcoin’s price has experienced limited movement since the announcement. The regulatory green light allowed for rule changes facilitating the

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PancakeSwap Community Votes to Cut CAKE Token Supply by 300M

December 29, 2023

A staggering 98% member of the PancakeSwap community voted in favour of reducing the CAKE supply by 300 million resulting into a strong surge in the CAKE price.

PancakeSwap, a prominent decentralized exchange, has successfully concluded a proposal to reduce the maximum supply of its native token CAKE from 750 million to 450 million, garnering nearly 98% of votes in favor. The multi-chain decentralized exchange initiated the voting process on Thursday, presenting a proposal to decrease CAKE’s maximum token supply.
Also, the voting period has concluded, revealing a decisive 97.88% majority in support of the reduction from 750 million to 450 million.

Anticipated updates to the maximum token supply figures for CAKE will officially reflect on major price-tracking platforms, including

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FTX Offers $16,871 Bitcoin Price for Creditor Claims, Users Reject

December 29, 2023

If the court approves the proposed plans from debtors, the FTX creditors could lose a huge sum of money considering the rally in crypto market this year.

In a recent filing made on December 27 in the United States Bankruptcy Court for the District of Delaware, FTX debtors have unveiled estimates of the US Dollar value assigned to cryptocurrency prices and foreign currency for customers holding claims with the now-defunct exchange.
The debtors expressed their intention to establish a “fair and reasonable value” for user claims based on digital assets at the time of FTX’s collapse in November 2022. The proposal includes estimated prices for approximately 500 assets, encompassing both fiat and cryptocurrency, as of FTX’s bankruptcy filing.

According to the proposed valuation,

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