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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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Franklin Templeton Expands Crypto Portfolio and Anticipates More ETP Filings

Franklin Templeton Recognizes Crypto Potential Franklin Templeton, a leading investment management giant with $1.5 trillion in assets under management, is actively exploring opportunities in the cryptocurrency market. After the recent approval of 11 new spot bitcoin exchange-traded funds (ETFs), Sandy Kaul, the Head of Digital Assets at Franklin Templeton, predicts a surge in filings for

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

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

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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Ethereum Market Analysis: Potential for Bullish Reversal

Introduction Similar to bitcoin, ethereum (ETH), the second-largest cryptocurrency by market cap, has experienced market turmoil and a clear downtrend. As of January 22, 2024, ether has shown a significant decrease, with a 3.3% drop in the past 24 hours and a 5.7% decline over the past week. Ethereum Market Capitalization and Volatility Ethereum's market

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Peter Schiff Says Spot Bitcoin ETFs in Bear Markets, Warns of Deeper Losses

Peter Schiff's Spot Bitcoin ETF Outlook Gold bug and economist Peter Schiff has issued a warning regarding spot bitcoin exchange-traded funds (ETFs), stating that they are now in bear markets. Schiff specifically referred to the Proshares Bitcoin Strategy ETF, which has seen a decrease of over 50% in the past two years. He predicts that

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