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Commodity Analyst Mike McGlone Says Gold Glitters Over Bitcoin as Crypto-to-Metal Ratio Plunges Post-2021
4.2.2024
Bloomberg’s commodity market expert Mike McGlone warns of a potential downturn for bitcoin, highlighting its disappointing performance against gold since its peak in 2021. On Sunday, McGlone pointed out that the bitcoin/gold ratio had plummeted by about 40% from its 2021 zenith of 37 times....
Pandoshi Poised for Significant Growth Similar to Polygon (MATIC) in 2024
3.2.2024
  Pandoshi (PAMBO) is an emerging crypto project that aims to champion decentralization, privacy, and monetary freedom. With an ecosystem of decentralized products, Pandoshi seeks to emulate the meteoric growth seen by Polygon (MATIC) in 2021. An Introduction to Pandoshi Inspired by Satoshi...
US Government to Sell $116 Million in Bitcoin Seized From Darknet Dealer ‘Xanaxman’
26.1.2024
The forfeiture division of the U.S. government has announced its plan to sell 2,933.64 bitcoin. These were confiscated from Ryan Farace, who faced charges in 2021 for laundering proceeds from drug trafficking. Farace, also known by his alias Xanaxman, disclosed in his plea agreement that...
U.S. Government to Auction $117 Million in Confiscated Bitcoin from Silk Road Case
26.1.2024
The U.S. government has filed a notice revealing its plans to auction approximately $117 million worth of Bitcoin (BTC) that was seized during a dark web drug bust. In a notice dated January 8, the government said it aims to auction nearly 2,875 BTC seized from Ryan Farace and Sean Bridges in 2021...
Reddit Scheduled For IPO Launch in March, Set to Offset 10% of Stocks – Report
18.1.2024
Source: AdobeStock /Aozora San Francisco-based social media giant Reddit is scheduled for an initial public offering (IPO) in March, according to a Reuters report. Reddit, famous for its role in the meme stock frenzy of 2021, is making its second attempt at a public listing after an initial move...
Bitcoin Miners Curtail Operations During Texas Winter Storm
18.1.2024
Everything is bigger in Texas – including the weather. In recent years, The Lone Star State has seen dramatic weather related events, including overly hot summers and unusually cold winters. For instance, an arctic blast hit Texas in February 2021, leaving many Texans literally out in the cold....
A 2021 Crypto Fund Manager’s Tale of Surviving the ‘Widowmaker Trade’
16.1.2024
Offering a unique insider perspective, David Choi chronicles his encounter with arguably the most notorious trade in crypto’s history. Unpacking the ‘Widowmaker Trade’ That Upended the Crypto Industry In the annals of cryptocurrency’s roller coaster history...
Grayscale’s GBTC Discount Closes to Zero for First Time Since February 2021
11.1.2024
Grayscale received the regulatory green light to convert its flagship product into an ETF on Wednesday
Bitcoin Transaction Fees See Sharp Decline Since December Peak, Network Congestion Persists
10.1.2024
On Jan. 10, 2024, the fee for high-priority transactions is set at 42 satoshis per virtual byte (sats/vB), amounting to $2.66 per transaction. The average transaction fee stands at 98.9 sats/vB, equivalent to $11.17 per transfer. Although there has been a decline in onchain fees, they currently...
Ethereum Bounces Back: Surpasses 2-Year Low Against Bitcoin Following Erroneous SEC Announcement
10.1.2024
On Jan. 9, 2024, ethereum’s value relative to bitcoin plummeted to its lowest level since November 2021. Yet, in the past 24 hours, ether has rallied, gaining 3.66% against bitcoin, recovering from this two-year low. Ether Rebounds Strongly in Wake of SEC Misstep On Wednesday, ethereum (ETH)...
‘Extreme Greed’ — Bitcoin’s Price Rise Leads to Highest Fear and Greed Index Level Since 2021
9.1.2024
Hovering just below the $47K mark, bitcoin’s price rise has coincided with the Crypto Fear and Greed Index (CFGI) reaching a notable 76 on Jan. 9, 2024. This signals a phase of “extreme greed,” a sentiment intensity not witnessed since the cryptocurrency’s previous bull...
L2 Crypto Token Stacks Leads With 29% Gain in Varied Week for Cryptocurrencies
8.1.2024
This week witnessed a 5% uptick in bitcoin’s value, while ethereum experienced a 1.6% dip over the same period. Leading the charge among the top 100 cryptocurrencies, stacks (STX) soared 29.2%, with osmosis (OSMOS) closely trailing with a 17% increase against the U.S. dollar. Mixed Week...
CryptoZoo Investors Offered Refunds a Year After Promised by Logan Paul
5.1.2024
Source: a video screenshot, Logan Paul / YouTube YouTuber Logan Paul is offering refunds for the never-released CryptoZoo NFT game – if he deems the NFTs eligible “in his sole discretion.” Also, former owners relinquish all right to sue. Announced in 2021, CryptoZoo was supposed...
Bitcoin’s Obituary Bounce — Decline in ‘Death Calls’ Signals Resilient 2023
4.1.2024
Following numerous proclamations of bitcoin’s demise in 2021 and 2022, totaling 47 and 27 on the Bitcoin Obituaries list respectively, a mere eight declarations were noted in 2023. The final one emerged at the year’s end, attributed to crypto advocate Arthur Hayes, who warned that...
Crypto Investors Beware: IRS Crypto Tax Reporting Rules for $10k+ Transactions Now in Effect
2.1.2024
The controversial crypto tax reporting requirements within the bipartisan infrastructure bill signed into law in 2021 are now in effect as of January 1. These new Internal Revenue Service (IRS) rules mandate that cryptocurrency brokers report personal information on digital asset transactions over...
Shiba Inu Market Cap To Be Taken Over by this Rival Token in 2024, Experts Reckon
1.1.2024
The volatile world of meme-based cryptocurrencies has witnessed surprising ups and downs. Shiba Inu (SHIB), known as the “Dogecoin killer,” gained attention in 2021 by briefly overtaking Dogecoin (DOGE) in the market cap. However, its momentum has waned in 2022 and 2023.Despite its...
Hacking Incidents Decreased for First Time Since 2021, Still $2 Billion in Crypto Assets Stolen in 2023
27.12.2023
Source: AdobeStock / Sergey Nivens Despite losing around $2 billion to crypto thefts, 2023 saw a slight decline in hacking incidents targeting the cryptocurrency industry. According to a recent report from De.FI, a prominent web3 security firm known for its REKT database, hackers managed to pilfer...
Crypto Exchange Yellow Card Financial Set to Apply for Nigerian License Following Cryptocurrency Ban Lift
25.12.2023
Image Source: Pexels Pan-African cryptocurrency exchange Yellow Card Financial has announced plans to apply for a license in Nigeria following the recent lifting of the country’s cryptocurrency ban. The ban, which was imposed in 2021, prohibited financial institutions from transacting...
Nigerian Central Bank Lifts February 2021 Crypto Prohibition Order
23.12.2023
The Nigerian central bank has reversed its Feb. 5 order which barred banks and financial institutions from extending their services to crypto entities. The central bank said new guidelines align with the Financial Action Task Force’s updated recommendation 15, which calls for the regulation...
Central Bank of Nigeria Lifts Crypto Ban Following New SEC Regulation
23.12.2023
Source: AdobeStock / Faraz The Central Bank of Nigeria (CBN) has reversed its ban on dealing with companies involved in digital tokens. According to a report by BusinessDay, the CBN has now instructed lenders to open accounts for crypto firms, marking a reversal of the ban it imposed in 2021. ...