Bitcoin: A Digital Equivalent of Gold Douglas Boneparth, the president and founder of Bona Fide Wealth, recently expressed his perspective on bitcoin, likening it to a digital equivalent of gold or a store of value in the digital realm. He highlighted the contrasting approaches between traditional trade finance giants like Blackrock and Fidelity, and crypto-focused […]
Introduction Significant changes are occurring in the realm of illicit actors utilizing cryptocurrencies. According to a report published by TRM Labs in 2023, Bitcoin is no longer the preferred asset for criminals. This shift in cryptocurrency usage has profound implications for the cryptocurrency ecosystem and requires a reevaluation of policy approaches. The Changing Landscape The
The Shift of Illicit Actors Away from Bitcoin: Implications and Policy Considerations Read More »
On January 29, 2024, the price of ethereum (ETH) showcases a complex interplay of market factors. Currently, ether is valued at $2,247, with a 24-hour range fluctuating between $2,246 and $2,284. Despite its significant market capitalization of $270 billion, the trading volume for ether remains relatively modest, suggesting caution among investors. Hourly Chart: Volatility Presents
Ethereum Price Analysis: Exploring Market Dynamics and Potential Trends Read More »
Introduction BlackRock's spot Bitcoin ETF has achieved higher trading volume than the Grayscale Bitcoin Trust (GBTC) for the first time since its launch. This development suggests a potential slowdown in outflows for GBTC, which has experienced over $5 billion in outflows since its inception. In contrast, other spot Bitcoin ETFs, including BlackRock and Fidelity, have
BlackRock’s Spot Bitcoin ETF Volume Surpasses GBTC, Indicating a Market Shift Read More »
A recent survey conducted by cryptocurrency exchange Binance has revealed that 73% of European respondents are optimistic about the future of cryptocurrency. The survey, which included participants from France, Spain, Italy, and Sweden, aimed to understand the investing habits of European crypto users. The results showed that 55% of the participants exclusively use cryptocurrencies for
73% of European Crypto Users Optimistic About the Future, Says Binance Survey Read More »
The Stellar Development Foundation (SDF) has announced a delay in the Protocol 20 upgrade of the Stellar blockchain, originally scheduled for January 30. This decision follows the discovery of a bug in Stellar Core v20.1.0, which could potentially impact Soroban transactions. Commitment to Collaboration In a blog post dated January 27, the SDF expressed its
Stellar Development Foundation Delays Protocol 20 Upgrade Due to Bug Read More »
NFT Market Faces Sharp Decline From January 20 to January 27, 2024, there was a significant decline in the sales volume of non-fungible tokens (NFTs), with a plunge of 21.25% compared to the previous week. Both Ethereum and Bitcoin, the leading blockchains in seven-day sales, experienced substantial decreases, ranging from 28.78% to 12.62%, respectively. Steepest
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Bitcoin's Potential Future Trajectory According to Gareth Soloway In a recent interview with Gareth Soloway, the chief market strategist at verifiedinvesting.com, he shared his insights on bitcoin's latest trends and its potential future trajectory. Soloway discussed his approach to analyzing various data sets for forecasting future trends and drawing conclusions. He highlighted the significance of
Gareth Soloway Predicts Bitcoin Could Dip to $15K in a Stock Market Sell-Off Read More »
The Immaturity of Cryptocurrency as an Asset Class Financial giant Vanguard has recently shed light on its decision not to make spot bitcoin exchange-traded funds (ETFs) available on its trading platform. In a blog post titled "No Bitcoin ETFs at Vanguard? Here's why," Vanguard emphasized that cryptocurrency is still an immature asset class with limited
Why Vanguard Does Not Offer Spot Bitcoin ETFs: Explained Read More »
In the aftermath of a significant 11-day period where spot bitcoin exchange-traded funds (ETFs) in the United States accumulated a total trading volume of $25.36 billion, speculations have arisen regarding the potential involvement of Charles Schwab, the American multinational financial services corporation. According to Eric Balchunas, Bloomberg's lead ETF analyst, it would be unwise to
Is Charles Schwab Gearing Up to Enter the Spot Bitcoin ETF Race? Read More »