Author name: Peter

Gareth Soloway: The Next Breakout for Gold is Imminent

Today, we had the opportunity to speak with Gareth Soloway, one of our highly esteemed chart experts. In our previous conversation, gold had reached an all-time high, while silver remained relatively stagnant. Meanwhile, global economic uncertainties continued to ignite market volatility. We caught up with Gareth to discuss his insights on the future direction of […]

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USDC: Navigating Challenges and Embracing Growth in 2023

A Year of Resilience for USDC Amidst Market Shifts In 2023, USDC, the USD Coin, faced significant challenges including a notable decline in circulating supply. However, a recent report by Circle, the issuer of USDC, reveals that the stablecoin has demonstrated resilience by experiencing a surge in real-world applications and a decrease in speculative trading.

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Egyptian Fintech Startup Zeal Secures $4 Million to Expand into New Markets

Introduction Egyptian fintech startup Zeal has recently announced that it raised $4 million in funding through a round led by venture capital firms Raed Ventures and Cur8 Capital. The funds will be utilized to support Zeal's expansion into the European, Middle Eastern, and African markets, as well as to enhance customer connections and revolutionize retail

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Alchemy Pay Deploys on Bitcoin.com as Global On-Ramp Provider

Alchemy Pay: Global Fiat-Crypto Services Alchemy Pay has launched its fiat-crypto on-ramp payment services on Bitcoin.com’s web portal. The integration of Alchemy Pay's direct-to-customer plugin on the web portal allows for easy integration and deployment by web3 apps and platforms. This integration supports the purchase of various cryptocurrencies, including Bitcoin.com’s rewards and utility token VERSE.

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Blackrock’s Bitcoin ETF IBIT Ranks as Second Largest U.S. Spot Bitcoin ETF

Introduction In a recent interview, Rachel Aguirre, the head of product for Blackrock's Ishares U.S., discussed the significant inflows witnessed by the firm's new spot bitcoin exchange-traded fund (ETF), known as IBIT. Aguirre highlighted that the IBIT ETF has attracted a diverse group, including retail investors, self-directed investors, and those who were ready to invest

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Ethereum’s Dencun Upgrade Launches Successfully on Goerli Testnet

Dencun Upgrade Triumphs on Goerli Testnet After Initial Delay The Ethereum network has achieved a significant milestone by successfully implementing the Dencun upgrade on its Goerli testnet. This upgrade is part of Ethereum's ongoing efforts to introduce cost-effective data storage solutions on its blockchain. Despite a brief four-hour delay caused by a technical glitch, the

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Bitcoin Surpasses Silver To Become Second Largest ETF Commodity In The US

Bitcoin ETFs Overtake Silver ETFs in the United States Bitcoin exchange-traded funds (ETFs) have surpassed silver ETFs in the United States, securing their position as the second-largest ETF commodity in terms of assets under management (AUM). This remarkable milestone indicates the growing acceptance of Bitcoin as a mainstream investment vehicle. Increasing Demand from Institutional and

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Grayscale’s GBTC Reports Significant Bitcoin Outflows Amid ETF Competition

Major Bitcoin Outflows from Grayscale's GBTC Grayscale's exchange-traded fund, GBTC, has experienced a significant decrease in its bitcoin holdings. The company reported a reduction of 13,793.09 BTC, valued at approximately $571 million. This marks another decline in reserves following recent withdrawals from Grayscale's assets. Records show that as of January 14, 2024, Grayscale's Bitcoin Trust

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Peter Schiff Predicts Bitcoin Price Decline as SEC Chair Gary Gensler Plans New Crypto Regulations

Economist and gold bug, Peter Schiff, has made a prediction that the Chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, will soon introduce strict regulations for cryptocurrencies. According to Schiff, these new regulations will lead to a significant drop in the price of bitcoin. Unlike previous regulations, Schiff believes that Gensler's focus

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The European Union Strengthens Anti-Money Laundering Rules for Crypto Asset Service Providers

Introduction The European Union Council and Parliament have reached a provisional agreement to enhance anti-money laundering measures for crypto asset service providers (CASPs). These new rules aim to combat fraud, organized crime, and terrorism financing by requiring CASPs to conduct due diligence on their customers and report suspicious activities. Stricter Verification Requirements Under the agreement,

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