By the end of World War II, the United States found itself in a position of preeminence in the global economy. For decades and generations after that time, its national security has depended on petrodollar hegemony. The standardized use of the dollar for international trade in petroleum and other commodities ensured a constant demand for...Read More
If you have been in the crypto sphere for some time, there are two things you should already know: you should never want to invest more money than you can afford to lose, and you will never want to read the words “Please bear with me; I don’t wanna go to jail,” from the CEO...Read More
As Bitcoin continues to dominate headlines with increased price fluctuations, traders wonder whether Bitcoin will tumble to $25,000 or catapult to $30,000 in the upcoming hours. The possibility of a dip to $25,000 is anchored in global regulatory measures and various macro events, such as US employment data. However, the prospect of Bitcoin soaring beyond...Read More
A copy of the original Bitcoin white paper written by Satoshi Nakamoto has been found in every modern version of Apple’s Mac computers. Several Apple users have disclosed that they stumbled on the file while using their devices for unrelated operations. They found the file in different Mac versions, from Mojave (10.14.0), launched in 2018,...Read More
Famous gold bug and bitcoin critic Peter Schiff has once again blasted the leading cryptocurrency for not making it to ChatGPT’s recommended recession-proof assets list. In his latest jab against Bitcoin, the American stockbroker and CEO of asset management company Euro Pacific Capital said the artificial intelligence (AI) chatbot is smart for recommending gold and...Read More
According to on-chain analytics provider Glassnode, there are almost a million addresses holding more than one Bitcoin. Furthermore, the number of “wholecoiner” addresses has doubled since around mid-2016. It plateaued at just over 800,000 addresses during the last cycle peak but has increased during the cycle bottom of late 2022 and into 2023 as investors...Read More
MicroStrategy, the Michael Saylor-founded business intelligence giant, which is also the largest corporate holder of bitcoin, made another notable purchase ($29.3 million worth of the asset). It helped the company to round up its massive BTC stash to 140,000. After several months of keeping relatively quiet when the cryptocurrency’s price was struggling below $20,000, the...Read More
Blockchain data analytics platform Glassnode revealed that there has been an “abrupt rotation of capital starting as FTX collapsed,” It added that coins have been transferred from long-term holders towards a new cohort of buyers. This change in hodl patterns has been seen in previous cycles and could be an “inflection point, suggesting a changing...Read More
BTG Pactual – one of Latin America’s largest investment banks – will reportedly launch its own stablecoin, whose value will be tied to the American dollar. The corporation joined the industry years ago by issuing a security token called ReitBZ and introducing a cryptocurrency exchange in Brazil. The Latest Push According to Reuters, Banco BTG...Read More
One of the leading crypto mining firms – Marathon Digital – mined a record 2,195 BTC during the year’s first quarter and increased its holdings to 11,466 bitcoin (equivalent to over $321 million at current prices). The positive result at the start of the year contrast with the performance from 2022. The company’s mining capacity...Read More
In an abrupt turn of events, peer-to-peer Bitcoin marketplace Paxful has closed its doors indefinitely after a number of internal conflicts and regulatory troubles were brought to light. The company’s CEO Ray Youssef is now recommending that users of the marketplace migrate to other marketplaces like Noones. The End of Paxful Per a statement from...Read More
After a rocky end to 2022, Bitcoin finished the first quarter well in the green, recording an impressive 70% in gains. The core network activity depicted a bullish picture amidst the broader market recovery. According to data compiling the performance of the network and the asset in Q1, Bitcoin surpassed 800 million transactions for over...Read More
Research from blockchain analytics firm Kaiko shows that Bitcoin’s correlation to gold soared to its highest level in over a year in March. The newfound correlation has occurred amidst a falling correlation to the stock market, indicating that Bitcoin may be drifting toward risk-off asset status. Bitcoin As Digital Gold Per Kaiko’s report, the correlation...Read More
Dfinity Foundation – a not-for-profit organization that develops the Internet Computer protocol – announced the launch of a “twin” token that is 1:1 cryptographically secured by Bitcoin. Dubbed “ckBTC,” the new token is being touted as liquid and cost-efficient that will enable layer-2 capabilities on Bitcoin by making it faster and cheaper to transact without...Read More
Bitcoin prices gained almost 22% in March, rising from $23,450 to the end of the month at over $28,500. The big bullish candle has mirrored the one for January, setting up the next major move for the asset. On April 2, market analyst “The Birb Nest” said the monthly candle has induced an even more...Read More
43% of the 1,500 Singaporean respondents in a recent Independent Reserve survey said they own some amount of cryptocurrencies. In comparison, last year’s research estimated the figure to be around 40%, while the adoption levels were 43% in 2021 (during the bull run). 77% of the HODLers said they have two or more digital assets,...Read More
Bitcoin has been on a remarkable run recently, with its value surging to new highs in the past few weeks. However, the recent lawsuit on Binance by the CFTC and several macro conditions may create a slowdown in BTC’s ongoing trend. The question on everyone’s mind now is whether this rally is sustainable or if...Read More
Cryptocurrencies performed significantly better than other asset classes in the first quarter. As selling exhausted since the collapse of FTX, digital assets managed to rake in gains not seen in two years. According to IntotheBlock’s latest newsletter shared with CryptoPotato, Bitcoin and Ethereum – the two largest cryptocurrencies – have realized their largest quarterly price...Read More
Bitcoin is on the brink of re-emerging above $30,000 for the first time since June 2022. As excitement abounds, how are indicators looking for the asset both on and off chain?Crypto market intelligence platform Santiment recently analyzed some observable impacts and triggers of Bitcoin’s latest price moves, noting rising social volume and dominance compared to...Read More
Nassim Nicholas Taleb – a Lebanese-American economist known as the author of the book “The Black Swan” – started a quarrel on Twitter with the Canadian professor of psychology – Jordan Peterson – over bitcoin’s possible capability to ease monetary issues. The former is a keen critic of the primary cryptocurrency, while the latter thinks...Read More
The Supreme Court of Denmark ruled that people should be subject to taxation when generating profits by selling bitcoin. The legislation will apply to both investors and miners. The Court’s Decision Højesteret – the third and final instance in all civil and criminal cases in the Kingdom of Denmark – announced on March 30 that investors...Read More
A controversial bill to ban the popular social media app TikTok could potentially be used to clamp down on crypto, say legal policy experts at Coin Center. The crypto-focused non-profit claimed that, in extreme cases, the legislation could be used to “block Americans’ access to open source tools or protocols like Bitcoin.” A Silent Attack...Read More
Bitcoin (BTC) has made a remarkable comeback in 2023, achieving its best quarterly gain in two years with a 72% increase so far this year, as per the latest update. At the time of writing, the value of BTC is $28,398, raising the cryptocurrency’s market capitalization to $542 billion, pushing it ahead of other competing...Read More
Mike Novogratz – the CEO of Galaxy Digital – opined that China’s less hostile stance on the crypto industry could be one reason behind bitcoin’s possible price increase in the next several months. The Hong Kong subsidiaries of some leading Chinese banks have recently offered their services to local cryptocurrency businesses. Novogratz’s Bullish Forecast The...Read More
There’s been a lot of talk about Bitcoin’s potential to one day reach $1 million per coin – possibly within the next few years. But is that a reasonable assumption? Here are the data points to consider when assessing Bitcoin’s likelihood of reaching seven figures. The Halving Cycle Bitcoin’s monetary issuance schedule is designed to...Read More
After six consecutive weeks of outflows, digital asset investment products finally broke the bearish streak in a reversal that fetched inflows totaling $160 million, according to CoinShares. This is the largest inflow figure since July 2022. The latest edition of Digital Asset Fund Flows Weekly Report revealed that these investment products have been recording outflows...Read More
Gold may finally be prepped to break past its $2000/oz resistance and shatter its reputation among crypto bros of being a “Boomer Rock” in 2023, according to macro strategist Mike McGlone of Bloomberg Intelligence. The analyst believes that as the macroeconomic environment gets worse, investors are once again retreating to gold as a safe haven...Read More
The world’s largest corporate holder of bitcoin has resumed its accumulation spree after three months on the sidelines. Additionally, the Michael Saylor-founder business intelligence giant has repaid its Bitcoin-collateralized loan to Silvegate at a substantial discount. The former company CEO took it to Twitter on March 27 to announce the latest bitcoin purchase from his...Read More
The worst banking mess since the 2008 financial crisis has increased investors’ fear of a global recession. As a result, the investors’ perspective on Bitcoin and Ethereum, among other digital assets, has significantly shifted to less risky instruments. With the rising global inflation, holding on to fiat currencies continuously depreciates investors’ cash value. On the...Read More
Greepeace’s latest marketing stunt in its campaign against the Bitcoin mining industry appears to have backfired, with BTC boosters welcoming its artistic fruit. Meanwhile, Bitcoiners continue to blast the organization’s efforts to disparage the network as environmentally harmful, remaining committed to its proof of work consensus mechanism. The Skull of Satoshi In a tweet on...Read More
