Peter Schiff, a vocal critic of Bitcoin, once again expressed his doubts about the cryptocurrency on platform X. In his latest post, Schiff drew an unfavorable comparison between Bitcoin and a pet rock, pointing out Bitcoin’s limited practical uses. In contrast, he mentioned how rocks can function as paperweights or decorative items. Schiff’s perspective underscores … Read more
Grayscale recently submitted a revised proposal to the Securities and Exchange Commission (SEC) for its Bitcoin Mini Trust product. Contrary to previous statements suggesting that the mini-trust was being introduced to offer lower fees, the updated filing does not disclose the specific fee structure. Grayscale Files Updates S-1 Prospectus Grayscale’s application for the Grayscale Bitcoin … Read more
The price of Dogecoin has been hovering between $0.19 and $0.2 for the past week due to strong resistance from bearish investors at that level. This resistance has resulted in a subdued price movement, preventing further gains for the meme coin. Nevertheless, there is optimism among crypto analysts that the bull market will resume soon, … Read more
A billionaire named Andrew Forrest recently filed a criminal lawsuit against Meta Platforms Inc. in Western Australia’s District Court. The reason for the lawsuit was Meta allowing advertisements displaying Forrest’s image, which were linked to cryptocurrencies. Consumers reportedly suffered significant financial losses as a result. However, despite these accusations, the court decided to dismiss the … Read more
The Winklevoss brothers have allocated $4.5 million worth of Bitcoin (BTC) towards purchasing shares in Real Bedford Football Club (RBFC). Consequently, they now share ownership with Peter McCormack. Bedford FC Eyes Premier League Ascension With Bitcoin Injection The Winklevoss trio, led by Cameron Winklevoss, aims to establish the first football club with Bitcoin serving as … Read more
In 2023, the financial results of Streami, which oversees Gopax, showed a substantial increase in earnings for the South Korean crypto exchange, along with a sizeable decrease in its net losses. Gopax’s Revenue Surge And Net Loss Reduction In spite of facing hurdles due to financial difficulties and intense examination from regulators, Gopax managed to … Read more
Adam Back, the head of Blockstream, recently remarked that the current Bitcoin price of $66,720 is a steal. This comment was made following a 4.77% decrease in Bitcoin‘s worth. Back suggests that the market underestimates Bitcoin’s true value. He believes that experiencing a few market downturns will help investors truly grasp Bitcoin’s significance as a … Read more
Larry Fink, CEO of Blackrock, goes against the market’s expectation of three interest rate cuts this year by forecasting that the US Federal Reserve will only reduce rates twice in 2023. This prediction clashes with earlier market predictions and comes at a time when new Consumer Price Index (CPI) data has left the future path … Read more
In the past 24 hours, the market has witnessed significant crypto sell-offs as asset prices drop dramatically. According to on-chain information, approximately $200 million worth of leveraged crypto positions have been forcedly closed in just the last hour. In the past 24 hours, the overall amount has reached $885 million, causing varied responses among investors … Read more
Right now, the value of cryptocurrencies is dropping unexpectedly, surprising many investors who had been eagerly anticipating the upcoming halving event. Despite the views of some macroeconomists and traders, including Henrik Zeberg who is well-known in these fields, Bitcoin is believed by him to be primed for further price increases. A disastrous price crash This … Read more