Grayscales recent win over the US SEC for a spot Bitcoin ETF affected the crypto market positively as several tokens saw upward price movements. In this article, we will explore three tokens that could soar after a Bitcoin ETF approval. They include Solana (SOL), Bitcoin Cash (BCH), and Kangamoon (KANG).

Solana soars despite FTXs upcoming crypto dump.

Bitcoin Cash has benefited from Bitcoin ETF-related news.

Kangamoon will soar 350% after listing on exchanges, says analysts.

Dont Miss Out On The Kangamoon (KANG) Presale Reserve Your Spot!

On Wednesday, Judge John Dorsey granted defunct FTX approval to sell $3.4 billion in Solana, Bitcoin, Ethereum, and other assets. According to a court filing submitted on Monday, FTX possesses $1.2 billion in the Solana coin.

Since July when the case picked up pace, the price of Solana has been on a decline, dropping from $28.4 to as low as $18. Fortunately, crypto analyst, Michal van de Poppe has revealed that the tokens are mainly staked and cannot be sold.

In addition, with the spot Bitcoin ETF approval gaining traction, experts see Solana benefiting indirectly from the news. They have forecasted Solana to hit $21.95 in the coming weeks.

On June 26th, Bitcoin Cash reached a 2023 high of $228.72. This remarkable surge of 150% since May positioned it as one of the top-performing currencies worldwide.

This impressive ascent was heavily influenced by cryptocurrency news related to prominent entities with their Bitcoin ETF applications. Consequently, this news played a pivotal role in propelling the rally. A report from Santiment shows that BCH has benefited hugely from ETF announcements.

When Bitcoin rallied 7% after Grayscales victory on August 29th, Bitcoin Cash price skyrocketed by about 20%. Another rally ensued as Franklin Templeton filed for a spot Bitcoin ETF. Despite the bearish state of the crypto market, analysts believe the price of Bitcoin Cash has potential and could soar after Bitcoin ETF approval.

Solana and Bitcoin Cash are not the only ones that will benefit from a Bitcoin ETF approval. Kangamoon is another crypto that would see more price upticks and increased adoption if this happens.

Kangamoon is more than just an emerging meme coin. The platform incorporates play-2-earn elements, providing a unique opportunity for players to profit from their gaming experiences. In this virtual universe, players will step into the shoes of Kangamoon, a spirited kangaroo famous for its boxing skills.

As they progress, players have the chance to upgrade their characters by developing special abilities. The platform offers an international stage for collaboration, allowing players to connect with peers worldwide. They can participate in matches, exclusive events, and exhilarating tournaments to earn KANG tokens.

Players can sell these digital assets in the platforms marketplace. Notably, Kangamoon plans to surpass established meme coins like Shiba Inu and Dogecoin with its gaming ecosystem. Currently, Kangamoon tokens are available at an enticing price of just $0.005.

Website: https://Kangamoon.com/

Join Our Telegram Community: https://t.me/Kangamoonofficial

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Coins That Could Soar After Bitcoin ETF Approval Solana, Bitcoin ... - Analytics Insight

Description

Bitcoin stands as the pioneer in cryptocurrencies, known for its unique and groundbreaking concept: mining. Unlike traditional currencies printed by central banks, Bitcoin relies on a decentralized process known as mining to create new coins and validate transactions. This process is at the heart of the Bitcoin ecosystem. What sets Bitcoin apart is its predetermined Read more

Bitcoin stands as the pioneer in cryptocurrencies, known for its unique and groundbreaking concept: mining. Unlike traditional currencies printed by central banks, Bitcoin relies on a decentralized process known as mining to create new coins and validate transactions. This process is at the heart of the Bitcoin ecosystem.

What sets Bitcoin apart is its predetermined supply. There will only ever be 21 million Bitcoins, making it a digital asset of unparalleled scarcity. This supply cap is programmed into the Bitcoin protocol and is a fundamental design pillar.

As we venture into Bitcoin, its crucial to understand what unfolds after all 21 million Bitcoins are mined. This momentous event marks a pivotal juncture in the cryptocurrencys evolution. To grasp its significance, one must appreciate the mechanics of Bitcoin mining.

Mining involves powerful computers solving complex mathematical puzzles, a process that secures the network and validates transactions. Miners are rewarded with newly minted Bitcoins, an incentive instrumental in maintaining the networks integrity.

However, once the 21 millionth Bitcoin is mined, this incentive structure undergoes a seismic shift. Mining rewards, previously a primary income source for miners, will vanish entirely. In this new era, miners will rely exclusively on transaction fees, marking a transition that may impact the cryptocurrency landscape.

The implications are profound: heightened competition among users to have their transactions included in blocks, potentially leading to increased transaction fees. Bitcoins scarcity will become even more pronounced, elevating its value and likening it to a digital counterpart of gold.

In this era of change, miners must adapt their strategies, emphasizing efficiency and competitive fee structures to stay afloat. Yet, Bitcoins core tenets of decentralization and security will remain unshaken, illustrating the enduring strength of this pioneering digital currency.

The process is clear-cut in Bitcoin mining, miners employ potent computers to solve intricate mathematical puzzles. This activity validates transactions and adds new Bitcoins to the network. In this mechanism, miners are traditionally rewarded with freshly minted Bitcoins, a system that has ensured the security and growth of the Bitcoin ecosystem.

However, the landscape is set to transform drastically when the 21 millionth Bitcoin is mined. A profound shift occurs at this juncturethe cessation of new Bitcoin creation through mining. This change constitutes a monumental moment in the history of Bitcoin, signaling a transition that reverberates throughout the cryptocurrency realm.

The repercussions of this transformation are substantial, particularly for miners. In the post-mining rewards era, their primary source of income, the block rewards, will vanish entirely. This transition alters the economic calculus for miners who, until now, relied on the prospect of mining new coins.

Consequently, miners will be forced to pivot, staking their financial well-being on transaction fees alone. The competition among users to have their transactions processed promptly will intensify, possibly leading to elevated transaction fees. Its a shift that compels miners to adapt swiftly and develop strategies prioritizing efficiency and competitiveness regarding fee structures.

The implications of the end of mining rewards are profound for miners and the broader cryptocurrency landscape. It underscores the scarcity of Bitcoin, potentially driving up its value and cementing its reputation as a digital equivalent to gold. Amidst this transformation, Bitcoin remains a beacon of decentralization and security, unwavering in its commitment to its core principles.

As the Bitcoin ecosystem enters the era of post-mining rewards, miners navigate a new landscape where their revenue hinges entirely on transaction fees. This transition represents a fundamental change in how miners sustain their operations.

With the mining rewards extinguished, miners must now depend solely on transaction fees, which introduces a shift in the dynamics of fees. The heightened competition among users vying for limited block space can lead to an increase in transaction fees. Users who want their transactions prioritized may opt to attach higher fees, potentially raising the cost of using the Bitcoin network.

This evolution in transaction fee dynamics has implications for users. In this more competitive environment, users may need to consider factors such as fee optimization and timing to ensure their transactions are processed promptly without incurring excessive fees. It emphasizes the importance of efficiency and strategic fee selection for those engaging with the Bitcoin network.

Overall, the shift towards transaction fee reliance underscores the decentralized nature of Bitcoin and its economic resilience. While it introduces new user considerations, it also aligns with the cryptocurrencys broader mission of providing a secure and decentralized digital currency driven by market forces rather than central authority.

Bitcoin, often hailed as the pioneer of cryptocurrencies, possesses a fundamental characteristic distinguishing it from traditional currencies and even other digital assetsscarcity. With a predetermined supply limit of 21 million coins, Bitcoins scarcity is at the core of its design. As it approaches this limit, its worth diving deeper into this scarcitys profound implications.

Scarcity is a simple yet powerful economic concept. It asserts that the value of an asset increases when its supply is limited, and demand remains constant or grows. In the context of Bitcoin, this principle manifests in a relatively straightforward manner. As more Bitcoins are mined, the available supply becomes increasingly constrained, leading to a scarcity dynamic.

The scarcity of Bitcoin has a direct impact on its value. Unlike traditional currencies, which can be printed in unlimited quantities by central banks, Bitcoin follows a strict supply schedule. This is programmed into the Bitcoin protocol and is non-negotiable. As a result, Bitcoins value is intrinsically tied to its scarcity.

Consider this: as the 21 million Bitcoin limit approaches, fewer new Bitcoins are created through mining. Simultaneously, the demand for Bitcoin continues to grow, driven by institutional adoption, increasing recognition as a legitimate asset class, and a hedge against inflationary pressures in traditional financial systems. This demand-supply imbalance is a fundamental driver in propelling Bitcoins value upward.

The scarcity-driven value proposition of Bitcoin is further underscored by its performance in the financial markets. Over the years, Bitcoin has exhibited remarkable price appreciation, outpacing virtually all traditional assets. Investors and institutions alike have recognized its potential as a store of value that can preserve and increase wealth over time.

In finance, gold has long held a special place as a store of value. Its scarcity, corrosion resistance, and timeless appeal have made it a sought-after asset for centuries. With its capped supply and digital nature, Bitcoin shares several key attributes with gold.

This resemblance is not coincidental but a testament to Bitcoins value proposition. Its often called digital gold due to its ability to store value in the digital age. Just as gold is mined from the earths crust, Bitcoin is mined from the digital realm, with miners employing powerful computers to extract it. Both assets are finite, resistant to inflationary pressures, and have the potential to retain their worth over time.

This comparison to gold is more than just a catchy moniker; it highlights Bitcoins capacity to act as a hedge against economic uncertainties and a means to preserve capital. Just as individuals and institutions have turned to gold as a haven in turbulent times, Bitcoin offers a digital refuge, particularly in an increasingly digitized financial world.

As Bitcoin nears the 21 million limit, miners find themselves at a crossroads, necessitating a swift adaptation of their business models. This pivotal moment compels miners to rethink their strategies and navigate the changing landscape of the cryptocurrency world.

Efficiency is the cornerstone of success in the post-mining rewards era. Miners must optimize their operations, focusing on energy consumption, hardware infrastructure, and operational costs. Efficiency ensures miners can continue operating profitably in an environment where rewards are solely transaction-based.

In the absence of block rewards, miners must now vie for transaction fees, making competitive fee structures paramount. Miners who can offer attractive fee rates to users will likely secure a larger share of the transaction processing market. This competition incentivizes miners to explore innovative fee models and marketplaces to attract users.

This shift also necessitates a user-centric approach. Miners may need to adapt to users fee preferences and accommodate various transaction types, from microtransactions to large-value transfers. Miners can remain competitive in the evolving landscape by tailoring their services to meet diverse user needs.

Even as Bitcoin approaches its 21 million limit, miners remain indispensable to the networks security. Their function transcends mining new coins; they play a critical role in verifying and validating transactions, safeguarding the integrity of the entire system.

Miners serve as the custodians of the Bitcoin ledger. They are responsible for confirming the legitimacy of transactions ensuring that double-spending or fraudulent activities are prevented. This process involves solving complex mathematical puzzles, a task that requires computational power and energy.

Once transactions are validated, they are added to blocks, which are then appended to the blockchaina public ledger that records every Bitcoin transaction ever made. Miners compete to create these blocks, and the first to solve the puzzle broadcasts it to the network. This process, known as proof-of-work, is the foundation of Bitcoins security.

The role of miners in securing the network is paramount. Their computational efforts ensure that only valid transactions are added to the blockchain, preventing malicious actors from compromising the system. This security is vital for maintaining trust in the Bitcoin network, which, as a decentralized digital currency, relies on the consensus of its participants.

Despite the end of mining rewards, miners commitment to network security remains unwavering. They continue to invest in state-of-the-art hardware and compete for transaction fees to maintain a secure and reliable Bitcoin network.

While the nature of miners incentives may change as Bitcoins supply limit approaches, their role in ensuring the networks security endures. Their ongoing dedication to transaction verification and validation upholds the foundational principles of Bitcoina decentralized, secure, and trustless digital currency.

The post-mining era of Bitcoin harmonizes perfectly with its long-term vision, reaffirming its identity as a decentralized and deflationary digital currency. Unlike traditional fiat currencies, subject to inflationary pressures driven by central authorities, Bitcoin adheres to a different ethosone where scarcity and decentralization are paramount.

Bitcoins long-term vision is rooted in the principle of decentralization. It operates on a peer-to-peer network of nodes distributed globally, with no single entity or government exerting control. This decentralized architecture ensures that the Bitcoin network remains censorship-resistant and immune to external manipulation.

In the post-mining era, Bitcoin continues to embody this principle. Miners may transition to fee-based revenue models, but their role as validators of transactions securing the networks integrity still needs to be distributed. The absence of centralized control maintains Bitcoins commitment to decentralization.

Scarcity, a defining characteristic of Bitcoin with its 21 million supply limit, aligns perfectly with its long-term vision. While traditional currencies are susceptible to inflation due to excessive printing, Bitcoin follows a deflationary model. The available supply dwindles as more coins are mined, increasing its value.

This scarcity-driven value proposition is instrumental in positioning Bitcoin as a digital store of valuea role traditionally reserved for assets like gold. Users can trust that their Bitcoin holdings wont suffer from erosion due to inflationary pressures, as with fiat currencies. This deflationary nature aligns seamlessly with Bitcoins enduring vision.

The journey of Bitcoin after mining all its coins is marked by significant shifts that underscore its resiliency and adaptability. As mining rewards decline, miners must pivot their business models, emphasizing efficiency and competitive fee structures. Despite these changes, miners play a crucial role in maintaining network security by verifying and validating transactions.

Bitcoins long-term vision of decentralization and scarcity remains unwavering. It positions itself as a digital store of value, upholding principles that defy traditional inflationary pressures. Moreover, Bitcoins commitment to sustainability and global financial inclusion highlights its role in shaping a more equitable financial future.

After all Bitcoins are mined, miners rely solely on transaction fees for income, leading to increased competition among miners and potentially higher transaction fees for users.

Bitcoin is often called "digital gold" due to its scarcity, resistance to inflation, and potential to preserve and increase wealth over time, similar to gold's historical role.

Miners continue to secure the network by verifying and validating transactions, ensuring the integrity of the Bitcoin blockchain.

Bitcoin's long-term vision revolves around decentralization, scarcity, sustainability, and global financial inclusion, reshaping the financial landscape.

Bitcoin's scarcity drives up its value, making it an attractive digital store of value and a hedge against inflationary pressures in traditional financial systems.

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Pivotal Juncture in Crypto Evolution: What Happens After 21 Million ... - Cryptopolitan

Top Stories This WeekPaxos confirms its responsible for paying a $500K Bitcoin transaction fee

The Bitcoin miner who received 19.8 BTC in fees from blockchain infrastructure firm Paxos has returned the funds following Paxos claim that it made a mistake in paying over $500,000 in transfer fees. On Sept. 10, Paxos paid the six-figure fee to move $2,000, with the average network fee typically being around $2. The company later acknowledged the mistake, confirming the transfer came from its servers. Almost a day after Paxos claims, the Bitcoin miner who received the funds went on X (formerly Twitter) to express frustrations after agreeing to refund the amount to Paxos. The funds were returned on Sept. 15.

A bankruptcy court has approved the sale of FTX digital assets in weekly batches through an investment adviser and under preestablished guidelines. The sale does not include Bitcoin, Ether and certain insider-affiliated tokens, which can be sold through a separate decision by FTX after 10 days notice. FTX sales are not expected to have a heavy impact on markets. According to a recent shareholder update, the bankrupt exchange has $833 million worth of Bitcoin and Ether. A total of $3.4 billion is held in Digital Assets A the top 10 assets the company holds which include Solana, Bitcoin, Ether, Aptos and others.

Digital Currency Group has proposed a new agreement plan for the creditors of the now-bankrupt Genesis Global. The plan estimates unsecured creditors will receive a 7090% recovery with a meaningful portion of the recovery in digital currencies. Additionally, the remuneration plan says the recovery of claims for Gemini Earn users would be projected at approximately 95110% without any contribution from Gemini. According to the filing: If Gemini were to agree to provide $100 million to Gemini Earn users under the Proposed Agreement, as it previously did, there would be little doubt Gemini Earn users would receive more than full recovery.

Asset manager Franklin Templeton applied with the United States Securities and Exchange Commission to launch a spot Bitcoin exchange-traded fund (ETF). According to the application, the fund would be structured as a trust. Coinbase would custody the BTC, and The Bank of New York Mellon would be the cash custodian and administrator. Franklin Templeton has $1.5 trillion in assets under management and joins a long list of asset managers waiting for regulatory approval. The SEC recently delayed decisions on spot ETF applications from WisdomTree, Valkyrie, Fidelity, VanEck, Bitwise and Invesco on Aug. 31.

The exodus of executives from crypto exchange Binance has reached the firms offshoot in the United States, as at least three top employees left Binance.US over the past few days. This weeks departures included the exchanges CEO, Brian Shroder, alongside legal head Krishna Juvvadi and chief risk officer Sidney Majalya. The mass exit is believed to be tied to the ongoing U.S. investigation into Binance and Binance.US. The SEC sued Binance.US, Binance and CEO Changpeng Zhao in June for allegedly engaging in unregistered securities operations and other improprieties. On Aug. 28, the agency requested to file sealed documents in the case, fueling concerns about a criminal probe by the U.S. Department of Justice.

At the end of the week, Bitcoin (BTC) is at $26,465, Ether (ETH) at $1,628 and XRP at $0.50. The total market cap is at $1.05 trillion, according to CoinMarketCap.

Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Toncoin (TON) at 21.30%, VeChain (VET) at 11.94% and Bitcoin Cash (BCH) at 11.36%.

The top three altcoin losers of the week are ApeCoin (APE) at -16.82%, Astar (ASTR) at 14.47% and Flare (FLR) at 12.61%.

For more info on crypto prices, make sure to read Cointelegraphs market analysis.

I think my generation and younger than me are the ones that are really going to change that narrative for investing, whether its in cryptocurrency or other investments moving forward.

Scotty James, Australian snowboarder

The only country I would not encourage you to start a company right now is in the U.S.

Brad Garlinghouse, CEO of Ripple

Were still in the fax era of global payments.

David Marcus, former PayPal executive and co-founder Lightspark

I dont think everybody in D.C. actually fully realizes how powerful the crypto voting community block is.

Brian Armstrong, CEO of Coinbase

You cannot get 100% transparency and 100% privacy.

Alex Svanevik, CEO of Nansen

Climate change is still a systemic threat to our species. I think as a society, we kind of owe it to ourselves to do anything that we can.

Marek Olszewski, CEO of Celo

Bitcoin price all-time high will precede 2024 halving New prediction

Bitcoin has a $250,000 target for after its next block subsidy halving but new all-time highs will come sooner, according to the latest BTC price prediction from BitQuant, a popular social media commentator who sees a rosy future for the largest cryptocurrency.

On Sept. 15, the pseudonymous central banker and Bitcoiner revealed a pre-halving target above $69,000. No, Bitcoin is not going to top before the halving, he wrote in part of the commentary.

Bitcoin has just over six months before the halving, the event that cuts miner rewards earned per block by 50% every four years. No, BTC is not going to $160K because the magnitude of every pullback is large, he wrote, adding that this means it will peak after the halving, in 2024. And yes, the target price is around $250K.

Stoner Cats 2 LLC (SC2), the company behind the Stoner Cats animated web series, has agreed to a cease-and-desist order and other measures imposed by the U.S. Securities and Exchange Commission after being charged with conducting an unregistered offering of crypto-asset securities in the form of nonfungible tokens (NFTs). According to the SEC, SC2 sold more than 10,000 NFTs for about $800 apiece. The sale took 35 minutes and occurred on July 27, 2021, and the proceeds were used to fund the series. Besides agreeing to the cease-and-desist order, SC2 will pay a civil penalty of $1 million.

Karl Greenwood, co-founder of OneCoin with Ruja Ignatova, was sentenced in the United States to 20 years in prison and ordered to pay $300 million on Sept. 20. Ignatova remains at large. Greenwood, who is a citizen of the United Kingdom and Sweden, was sentenced in a court in New York. In a statement by the Justice Department, U.S. Attorney Damian Williams called OneCoin one of the largest fraud schemes ever perpetrated. The multilevel marketing and Ponzi scheme reaped $4 billion from 3.5 million victims, the statement said. Ignatova has not been seen since October 2017 and is on the U.S. Federal Bureau of Investigations Ten Most Wanted List.

The attack on crypto exchange CoinEx, which drained at least $55 million, was carried out by the North Korean hacker group Lazarus, according to blockchain security firm SlowMist and pseudonymous on-chain investigator ZachXBT. The hacker group was identified after it inadvertently exposed its address, which was the same one used in the recent Stake and Optimism hacks. On Sept. 12, CoinEx saw large outflows of funds to an address without any prior history. Security experts immediately suspected that the exchange was breached, with initial estimates reaching approximately $27 million.

Many contend that DAOs have failed to deliver on their promises, but developers are coming up with novel solutions.

Kei Oda spent 16 years trading bonds for Goldman Sachs a life that eventually bored him. That was when he turned to cryptocurrency.

The company behind PUBG announces a new Web3 platform, monetization in Web3 and more.

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Paxos' $500K Bitcoin fee, FTX tokens sales set to begin and other ... - Cointelegraph

Although Bitcoin (BTC) has been going through a bit of a stagnation lately, along with the majority of the cryptocurrency market, quite a few experts are bullish about its long-term future, with the most optimistic prognoses for the maiden cryptocurrency going as high as $1 million.

As it happens, the author of the book Undressing Bitcoin, marketing consultant and podcast host Layah Heilpern, listed ten finance and investment experts and companies, along with their predictions for the price of Bitcoin in the future, in an X post shared on September 14.

Specifically, Heilpern started off with billionaire investor and venture capitalist Tim Draper, who had originally predicted that Bitcoin would reach the price of $250,000 by June 2023 but has later pushed back his prognosis for 2025, stating he hadnt expected the United States regulators to be so aggressive.

Meanwhile, one of the early pioneers in the cryptocurrency field and CEO of blockchain company Blockstream, Adam Back, stated in August that Bitcoin could hit $100,000 before the 2024 halving, the same number as offered by Robert Kiyosaki, who more recently said Bitcoin could even soar to $1 million if the world economy crashed.

At the same time, $1 million by 2030 is the price target for Bitcoin, also predicted by Cathie Wood, the CEO of global asset manager ARK Investment Management, back in June 2023, having reiterated that Bitcoin is a hedge against inflation a view shared by many other experts.

In July, Mike Novogratz, the CEO of crypto investment firm Galaxy Digital, said Bitcoin would undoubtedly reach $500,000 in the next five years or so due to its adoption pace and unique features, such as being tailor-made to being an anti-inflation store of value.

Furthermore, Fundstrat Global Advisors co-founder Tom Lee believes that Bitcoin is heading toward $180,000 by the end of 2024, particularly if the US Securities and Exchange Commission (SEC) approves a spot Bitcoin exchange-traded fund (ETF).

Arthur Hayes, the co-founder of crypto exchange BitMEX, sees $70,000, slightly above Bitcoins all-time high (ATH) of $69,045 from November 202, as the most likely scenario in a rally triggered by the possible decision of the US Federal Reserve on cutting interest rates, as he wrote in his digest on September 12.

On the other hand, investment banking and asset management giant JPMorgan Chase (NYSE: JPM) is a bit more conservative in its estimation, projecting $45,000 as a bull case scenario price for Bitcoin, provided it equals gold in risk capital or volume-adjusted terms in investors portfolios.

That said, in its recent Blockchain Letter, published on August 22, the team at Pantera Capital, one of the leading names in crypto asset management, highlighted its bullish outlook for 2024 and projected that Bitcoin could rise to around $148,000 in its next four-year halving cycle if past trends hold.

In the meantime, Standard Chartered, one of the leading international banks in the United Kingdom that offers Bitcoin and crypto custody in the European Union through its subsidiary, Zodia Custody, has recently boosted its original $100,000 end-2024 forecast for Bitcoin to $120,000.

Finally, Heilpern added her own forecast of $75,000 for the flagship decentralized finance (DeFi) asset to the list, proceeding to place the timeline for achieving this price target at some point in 2025 in the comments.

As things stand, Bitcoin is currently changing hands at $26,631, up 1.07% on the day and growing 3.07% across the past week, while still recording losses of 8.68% on its monthly chart, as per the latest information retrieved on September 15.

All things considered, time will tell which of the above prognoses ranging from a modest (at this point) $45,000 to a whopping $1 million per unit of the Proof-of-Work (PoW) cryptocurrency was the most correct (if any).

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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10 expert Bitcoin price predictions for 2024 - Finbold - Finance in Bold