Peter Schiff, a well-known critic of Bitcoin, shared his perspective on the cryptocurrency’s performance during market volatility recently. His analysis showed a significant difference between Bitcoin and the traditional safe-asset, gold. During a recent market dip caused by heightened geopolitical tensions, the Dow Jones Index saw a decrease of 1.5%, while Bitcoin experienced a more … Read more
In simple terms, over the past five days, investors have been withdrawing money from Bitcoin ETFs in the US market, suggesting a decline in confidence or interest. Yesterday saw a withdrawal of approximately $4.38 million from spot Bitcoin ETFs and an impressive $89.99 million from Grayscale’s GBTC fund, contributing to its record total outflow of … Read more
Bitwise’s CEO, Hunter Horsley, highlighted the quiet but significant increase in Bitcoin (BTC) use among registered investment advisors (RIAs) and multi-family offices. He also emphasized that this adoption by financial institutions tends to be discreet. Bitwise CEO Highlights Growing Bitcoin Adoption Many RIAs and multi-family offices are currently purchasing bitcoin in secret, according to a … Read more
In a few hours, Bitcoin‘s reward for mining will be reduced from 6.25 BTC to half that amount. This event, called a halving, is significant and often results in heightened interest in Bitcoin. Additionally, the period following a halving is an important moment for crypto investors to consider their holdings. The cryptocurrency market is on … Read more
In a recent post on X, Frederik Gregaard, the CEO of the Cardano Foundation, discussed the upcoming developments toward a decentralized governing system. He highlighted the implementation of an interim constitution as a significant step forward in this process. This move comes before the expected Chang fork, which will usher in the Voltaire phase on … Read more
Ethereum (ETH), the second-largest digital currency by market cap, is now making waves beyond this role as it outperforms certain companies in the S&P 500 using a distinctive measure. As per recent data from crypto analysis firm Token Terminal, Ethereum holds the 16th position for buyback yield. Based on the provided list, Ethereum surpasses companies … Read more
In a recent online debate, someone brought up the question of David Schwartz’s loyalty in the XRP community. As Ripple‘s Chief Technology Officer and a significant contributor to the XRP Ledger’s development, Schwartz’s allegiance was called into question by a community member. They argued that his primary loyalty lies with Ripple Labs rather than the … Read more
In the ever-changing landscape of cryptocurrency, meme coins have become a popular phenomenon, generating significant interest among investors. This year alone, there has been a surge in activity within the meme coin market, with coins such as WIF and BODEN making waves alongside more recognized names like Dogecoin and Shiba Inu. Lately, a notable change … Read more
Excitingly, after Bitcoin, Ethereum, and the wider crypto market experienced turbulence due to intensifying geopolitical conflicts between Israel and Iran, causing widespread concern, the cryptocurrency sector experienced a bounce-back today. This rebound has ignited significant curiosity around the world. During this period of recovery, a large Ethereum investor transferred massive amounts of ETH for staking … Read more
In a recent blog entry, Ray Dalio hinted at potential support for Bitcoin’s growing value based on the information he presented. According to Dalio, there are two essential functions of money: serving as a medium for exchange and providing a safe haven for wealth accumulation. Currently, the frontrunners in this regard include the US dollar, … Read more