Bitcoin Falls Below $87,000: Expert Labels Drop As An ‘Engineered Collapse’
In the past week, Bitcoin has continued to record new daily lows, culminating in a nearly eight-month low of just under $86,500 on Thursday. Market expert Shanaka Anslem, however, offers a contrarian perspective, labeling the current downturn as an “engineered collapse” and presenting a bullish argument despite the prevailing bearish sentiment. Technical Indicators Suggest Potential […]
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In a recent public statement, John E Deaton, a popular legal expert and cryptocurrency advocate has labeled Bitcoin, the largest digital asset, as a symbol of financial freedom and a key tool in the struggle against centralized financial control from major figures like the United States Senator Elizabeth Warren. Deaton’s commendation toward Bitcoin points to […]
A fresh bout of public scrutiny has erupted around Solana which still labels its mainnet “beta” more than five years after launch. The latest flashpoint unfolded on X, where Helius Labs chief executive Mert Mumtaz sparred with pseudonymous critic Balarchrex over the meaning of the beta tag, the opacity of Foundation wallets and the true […]
A big problem in the music business is the presence of middle men such as record labels. Record labels advertise a person’s music to the general audience whereas it would be quite hard to spread music on your own. However, in many situations, a record label will own the rights to your music and receives a certain percentage of money generated by your music. Fortunately, there is a bitcoin-oriented alternative for artists wanting to gain notoriety without having to sign contracts with record labels. LibertyMusicStore is a service where musicians can open a store to sell their music and....
Estonian bank LHV - short for Lõhmus, Haavel & Viisemann - has reportedly hired and brought aboard what has been described by news website ERR as a "virtual currency expert" who will use his expertise to help develop products and services for digital currencies like bitcoin. The expert, Asse Sauga, told Eesti Päevaleht that his first task will be to analyze today's virtual currencies, of which includes hundreds like bitcoin, litecoin, namecoin, peercoin, and dogecoin. "If you look at Bitcoin's software then you will find the root systems of a bank," Sauga was quoted as saying. He adds that....
On Friday, the Bitcoin price experienced another flash crash, dipping toward $103,000 from $109,300. While not as alarming as the sharp decline seen on October 10, this latest downturn has ignited fresh speculation regarding the cryptocurrency’s future trajectory. A Temporary Setback? Comparisons are being made to past market crash events, such as the COVID crash in 2020 and the downturn in May 2021. However, market expert VirtualBacon emphasizes that the current situation is fundamentally different. The expert noted that in 2020, a widespread collapse affected various assets,....