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Peter Schiff Says US Can’t Afford to Decouple From China — Warns of Dollar Collapse
7.9.2023
Economist Peter Schiff has warned that the U.S. cannot afford to decouple from China. “Our entire standard of living rests on the support of China,” he stressed, adding that “If we lose that support, it’s going to collapse.” He also predicted the collapse of the U.S. dollar as the USD loses...
Analyst Predicts SEC Will Approve First Spot Bitcoin ETF by Mid-March Next Year
7.9.2023
Asset management firm Bernstein has predicted that the U.S. Securities and Exchange Commission (SEC) will approve its first spot bitcoin exchange-traded fund (ETF) between mid-October and mid-March next year. The firm’s analyst believes that “the crypto ETF opportunity won’t...
Bitcoin’s 21 Million Supply Cap: Immutable Truth or Future Flexibility?
6.9.2023
This week, the crypto community is abuzz with discussions about Bitcoin’s 21 million supply cap and the potential for its alteration. On September 4, in a social media exchange, software developer and Bitcoin Core contributor Peter Todd expressed his belief that in “10-20 years the idea of...
Tornado Cash Co-Founder Pleads Innocence Amidst Money Laundering and Hacking Scandal
6.9.2023
On the 6th of September, 2023, the Inner City Press (ICP) delivered an account of the legal proceedings involving Roman Storm, one of the co-creators behind the ethereum (ETH) mixing protocol, Tornado Cash. In the courtroom drama that unfolded, Storm resolutely declared his innocence by pleading...
Arkham Intelligence Identifies Grayscale’s $16 Billion Onchain Bitcoin Holdings
6.9.2023
Arkham Intelligence, a leading crypto analytics firm, unveiled on Wednesday its findings on Grayscale’s Bitcoin Trust onchain holdings. This revelation comes just six days after Arkham shed light on the fund manager’s onchain ethereum assets. Unmasking Grayscale’s Bitcoin...
Bitcoin Mining Difficulty Dips 2.65%; Network Clocks Modest Uptick in Hash Price
6.9.2023
On Tuesday, September 5, 2023, Bitcoin’s mining difficulty experienced a 2.65% dip at block height 806,400, offering a slight reprieve for miners. This marks the first decline since July 26, when a 2.94% slide was recorded at block height 802,368. Bitcoin Miners See Relief With 2.65%...
Bitfinex’s Resilience: Tracing its Transformation Throughout Crypto History
6.9.2023
Bitfinex, the pioneering cryptocurrency exchange, emerged in 2012, establishing itself as a trailblazer in the industry. With a resolute goal of offering a resilient trading platform for Bitcoin and other cryptocurrencies, Bitfinex swiftly garnered attention for its avant-garde trading tools...
$21 Million in ‘Sleeping Bitcoins’ Awaken After Years of Dormancy
6.9.2023
Despite Bitcoin’s (BTC) price dipping 6.4% this week and hovering below the $26K mark, a flurry of activity was noted between September 5th and 6th as several substantial ‘sleeping bitcoins’ stirred. After a lull of slightly over six years, an individual splurged 359.92...
Biggest Movers: SHIB Hovers Higher, Despite Market Consolidation
6.9.2023
Shiba inu was a notable gainer in today’s session, as the cryptocurrency rose for a second straight session. The global market cap is marginally higher at the time of writing, as prices mostly consolidated. Solana retreated from a near one-week high. Shiba Inu (SHIB) Shiba inu (SHIB) was in...
Lawyers Push SEC to Approve Grayscale Bitcoin ETF ‘Expeditiously’
6.9.2023
Lawyers representing crypto asset manager Grayscale Investments urged the Securities and Exchange Commission (SEC) to “expeditiously” approve a spot bitcoin exchange-traded fund (ETF) in a letter sent to the agency. Grayscale’s letter follows a unanimous ruling by a panel of the U.S. Court...
Bitcoin, Ethereum Technical Analysis: BTC Consolidation Continues, as Moving Average ‘Death Cross’ Nears
6.9.2023
Bitcoin was largely unchanged on Wednesday, as moving averages closed in on a potential upward crossover. The potential for a “death cross” will likely be in the mind of would-be bulls, looking for an opportune time to reenter. Ethereum continues to hover close to a floor of $1,630....
Another Executive Exits Binance Amid Regulatory Scrutiny
6.9.2023
Mayur Kamat, head of product at Binance, is leaving the crypto exchange which has seen several executive exits in recent months. His and the other departures coincide with an ongoing regulatory clampdown on crypto business that has placed the leading trading platform for digital assets under...
China Wants the Digital Yuan to Be Ubiquitous in Retail Payments Arena
6.9.2023
China is pushing for universal national adoption of the digital yuan, with People’s Bank of China’s (PBOC) officials stating the currency should be available for all retail payment scenarios. The recent introduction of a standard for QR-based payment codes is part of this move, which...
South Korea Seeks to Freeze North’s Crypto Assets Under New Law
6.9.2023
The government in Seoul intends to submit new legislation tailored to facilitate the tracking and freezing of crypto used to fund the weapons programs of North Korea. A bill has been drafted after extended consultations between ministries with the aim to make South Korean sanctions more effective...
Report: Huawei’s Kirin Chip May Have Been Accelerated by Bitcoin Mining Orders
6.9.2023
A recent report by The Miner Mag suggests bitcoin mining orders might have sped up Huawei’s development of its new Kirin smartphone chip. The chip, which powers Huawei’s new Mate 60 Pro smartphone, was produced by China’s Semiconductor Manufacturing International Corp. (SMIC)...
G20 Nations Actively Discussing Crypto Framework, Says Indian Finance Minister
6.9.2023
The G20 countries are actively discussing a global framework for crypto assets under India’s presidency, Finance Minister Nirmala Sitharaman has revealed. “India’s presidency has put on the table key issues related to regulating or understanding that there should be a framework...
Shark Tank Star Kevin O’Leary Warns of Emerging Financial Crisis, Bank Failures
6.9.2023
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has sounded the alarm about an impending financial crisis. “We have a crisis emerging,” he warned, emphasizing that small business owners will be “cut off at the regional bank level.” He stressed: “You’re going to hear a...
Singapore Elects President Who Advocates ‘One Regulatory System’ for Crypto and Traditional Finance
6.9.2023
Tharman Shanmugaratnam, the former deputy prime minister and central bank chairman of Singapore, has been elected as the new president of the country. The Singaporean president-elect, who advocates for a single regulatory system for both crypto and traditional finance, wants to make sure that...
Martin Shkreli Details Sam Bankman-Fried’s Life in Prison
5.9.2023
Martin Shkreli, the former CEO of several hedge funds and pharmaceutical companies, offered updates about the life of Sam Bankman-Fried in prison. Jeremy Lorenzo (aka Flacco Poops), Shkreli’s source on MDC Brooklyn, the center in which Bankman-Fried is being held, stated that he has been...
Report Reveals 88,200 Millionaires Built Wealth Through Cryptocurrency
5.9.2023
A study by Henley & Partners, an investment migration consultancy in London, reveals an interesting insight: of the world’s 56.1 million millionaires, a notable 88,200 have earned their fortunes in cryptocurrency. Crypto’s Elite: How Bitcoin and Cryptocurrency Carved Out a...