Tim Draper, a renowned venture capitalist and founder of Draper University, has made several bold predictions and investments over the years. However, not all of his predictions have come true. Despite his track record, Draper remains confident in his abilities and continues to make predictions in the cryptocurrency market. In 2014, Draper predicted that Bitcoin
The recent proposal by Celsius Network to involve Coinbase as part of its bankruptcy and reorganization plan has been met with opposition from the United States Securities and Exchange Commission (SEC). The SEC has raised concerns about the nature of the agreement between Celsius and Coinbase, citing potential legal disputes. This article examines the objections
HTX global adviser Justin Sun recently announced the creation of a secure asset fund for users (SAFU) after the exchange experienced a $7.9 million exploit of its hot wallet on September 24. This fund serves as a safety net for investors, ensuring that they are reimbursed for any losses resulting from hacks or unforeseen incidents
Litecoin (LTC) has been facing a challenging time in the market, as it has been trading within a tight price range for the past week. The value of LTC has been hovering steadily around the mid-range point of $64, reflecting the prevailing bearish sentiment. This trend is not surprising considering the recent price report which
Ethereum is currently undergoing a recovery wave from its recent low of $1,565 against the US Dollar. While this may seem like a positive sign, there are potential obstacles that could impede its progress. One major challenge is the $1,600 resistance level, which Ethereum must surpass in order to continue its upward momentum. However, given
Crypto influencer Ben Armstrong, formerly known as BitBoy Crypto, experienced a highly unfortunate turn of events while streaming live on YouTube. What started as a planned livestream from a special location quickly escalated into a situation that led to Armstrong’s arrest by the police. Armstrong had shared on X earlier in the day that he
The U.S. Securities and Exchange Commission (SEC) has raised objections to Celsius’ proposed reorganization plan, which involves cryptocurrency exchange Coinbase acting as a distribution agent to return funds to former users affected by the company’s bankruptcy. The SEC argues that Coinbase’s role goes beyond the typical duties of a distribution agent. Furthermore, the regulator points
Banana Gun, a Telegram bot created to facilitate token purchases on the Ethereum Network, has experienced a rollercoaster ride in the market. Throughout the day, the token saw an 18% increase at one point, only to settle for a modest 2.57% gain later. This volatile performance raises concerns about the short and long-term prospects of
The price of Bitcoin (BTC) has been under pressure in recent weeks, with the United States Federal Reserve interest rate decision sparking weakness in the market. However, there are several factors at play that could determine the future direction of the world’s largest cryptocurrency, as bulls and bears continue to battle for dominance. The Impact of
Dogecoin (DOGE) has found itself trapped in a continuous period of stagnation, showcasing the ongoing battle between bulls and bears for market dominance. This prolonged phase of inactivity has persisted for over a month, indicating a short-term consolidation stage. Amidst the turbulence in the cryptocurrency market, DOGE enthusiasts and investors are eagerly searching for clues
