Author name: Peter

Edward Snowden Predicts Government Purchase of Bitcoin in 2024

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Renowned whistleblower Edward Snowden has made a bold prediction on X today, suggesting that a national government will enter the Bitcoin market this year by purchasing BTC. Snowden's Prediction on Government Acquisition of Bitcoin Snowden stated that a national government will be revealed this year to have been buying Bitcoin—the modern replacement for monetary gold—without […]

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GBTC Bitcoin Trust Sees Significant Outflows Since January 12

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Introduction Over the course of six days in the U.S. market, a total of nine newly launched spot bitcoin exchange-traded funds (ETFs) and the recently revamped GBTC saw a combined trading volume of $16.53 billion. However, GBTC, which accounted for the majority of this trade volume, experienced a substantial reduction in its bitcoin holdings. In

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The CFTC Files Civil Enforcement Action Against Bogus Crypto Exchange Debiex

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The U.S. Commodities Futures Trading Commission (CFTC) recently took legal action against Debiex, a fraudulent digital asset exchange platform that allegedly defrauded customers of $2.3 million. The CFTC claims that Debiex used romance scam tactics to deceive and steal from unsuspecting investors. Debiex's Romance Scam Tactics The CFTC alleges that Debiex employed romance scam tactics

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Grayscale’s 4K Bitcoin Transfer, Blackrock CEO Endorses Bitcoin, Ripple’s XRP Removed, and More — Weekly Recap

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Grayscale’s 4,000 Bitcoin Transfer Worth $175M Stirs Speculation Speculation arises as Grayscale's Bitcoin Trust, known as GBTC, reportedly transfers 4,000 bitcoins worth around $175 million. Recent blockchain analytics reveal that these bitcoins were moved from addresses believed to be controlled by Grayscale. Blackrock CEO Larry Fink on Bitcoin: I’m a Big Believer Larry Fink, the

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The Evolution of Profitable Crypto Mining Algorithms: A Look at 2022 to 2024

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Introduction In September 2022, Bitcoin's SHA256 algorithm ranked as the seventh most lucrative proof-of-work (PoW) network for mining. Fast forward a year and four months, and this algorithm has ascended to become the third most profitable crypto network for mining operations. A Shift in Mining Profitability As of January 2024, the ranking of the most

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The Potential Approval of an Ethereum ETF Could be the Crypto Asset’s Strongest Narrative, Says Kaiko Research

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An analysis conducted by Kaiko Research suggests that the approval of a spot-based ethereum exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC) could become the strongest narrative for the crypto asset. Based on the performance of bitcoin after the approval of a spot bitcoin ETF, investors are now betting on the regulator's

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Bitcoin Technical Analysis: Navigating Bearish Currents

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Introduction Bitcoin, with a market capitalization of $798 billion and a 24-hour trade volume of $16.58 billion, is currently hovering just above the $41K zone. A detailed analysis of its 1-hour, 4-hour, and daily charts reveals a predominantly bearish trend. Oscillators and Key Indicators Oscillators, such as the relative strength index (RSI), Stochastic, and commodity

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