Mar 07 2024
Robert Kiyosaki, renowned for his book “Rich Dad Poor Dad,” is gaining attention for his strong endorsement of Bitcoin (BTC) The author positions Bitcoin as a key defense against what he perceives as systematic wealth erosion orchestrated by institutions such as the Federal Reserve, Treasury, and Wall Street bankers. He commended Bitcoin’s role as a …
Mar 07 2024
Bitcoin has descended back to $65,000 in a massive selloff following a brief wick above $69,000 on Tuesday. The sell-off has triggered over $670 million in crypto market liquidations – including $388 million in longs, and $286 million in shorts. “Large sellers use the anticipation of the moment to dump into a high liquidity moment,” …
Mar 06 2024
The trustee overseeing the restitution process for the defunct crypto exchange, Mt. Gox, is making progress towards Bitcoin repayments. Recent reports indicate that the trustee has been actively engaging with creditors to validate their identities and verify the existence of their accounts. Numerous creditors have disclosed receiving updated emails from the exchange, signaling the completion …
Mar 06 2024
Tether (USDT), the largest stablecoin by market capitalization, continues its growth by reaching a new milestone of $100 billion. Tether’s new all-time high comes just two months after the digital asset surpassed the $90 billion mark. USDT started 2023 with a market cap hovering around $66.24 billion and ended the year with a record of …
Mar 06 2024
Between January 11-21, the Grayscale Bitcoin Trust (GBTC) dominated the spot ETF market, commanding over 50% of trade volumes. However, recent data by Kaiko revealed a significant decline in its share, dropping to approximately 30% last week. Since the introduction of spot Bitcoin ETFs earlier this year, GBTC has experienced substantial outflows, resulting in its …
Mar 06 2024
In 2023, Gyeonggi Province, the most populous province in South Korea, collected millions of dollars from tax evaders by tracking their crypto assets on several centralized exchanges. According to a by local media Yonhap News Agency, the G Yeonggi Tax Justice Department accrued 6.2 billion won ($4.67 million) in undeclared taxes from evaders. The new …
Mar 05 2024
Pantera predicts a potentially strong uptrend in crypto spanning 18 to 24 months. Institutional adoption is gaining momentum following the introduction of the spot Bitcoin ETF in January. The hedge fund projected that if decentralized finance (DeFi) on Bitcoin reaches proportions similar to Ethereum’s, the total value of DeFi applications could reach $225 billion, constituting …
Mar 05 2024
Bloomberg analysts say Bitcoin could become larger investment vehicles than gold ETFs in under 24 months. Bitcoin ETFs have absorbed over $5 billion of inflows following their launch last month. Gold funds have suffered $3.6 billion of net outflows since January 11. According to data from VettaFi, BitcoinETFs held over $37.3 billion in assets as …
Mar 05 2024
Vitalik Buterin explores potential intersections and synergies between crypto and AI. While recognizing the superficial connections, he notes that specific applications were limited. With the advancements in AI, particularly modern Language Model Machines (LLMs), and the progress in crypto technologies such as zero-knowledge proofs, he observes a transformative shift in the landscape. The post is …
Mar 05 2024
Harvest Fund Management’s Hong Kong branch is the latest entity to apply for a spot Bitcoin exchange-traded fund (ETF) with local regulators. This move aligns with Hong Kong’s preparations for its first wave of spot crypto ETFs. According to the Tencent , Harvest aims to launch the city‘s first spot Bitcoin ETF after the Lunar New …