US government is considering selling part of its gold reserves to purchase Bitcoin, recognizing it as a modern hedge against inflation.A proposed Bitcoin Act and existing US government Bitcoin holdings indicate a strategic shift towards long-term digital asset accumulation. According to a recent report by Standard Chartered, the US government is eyeing Bitcoin as a...
A recession could trigger lower interest rates, potentially reducing America’s debt burden and increasing liquidity for assets like Bitcoin.The Trump administration’s trade policies and tariffs could complicate economic recovery efforts, influencing both market dynamics and Bitcoin’s value. As suggested by Michael Saylor in a CNF report at the end of 2024, Bitcoin is capable of...
BitMex’s Arthur Hayes has predicted that Bitcoin (BTC) could fall to $70k but may respond positively to macroeconomic measures to start the much-anticipated bull run from that position. For now, he believes that investors would continue to accumulate the dip but may “suffer through a long period of sideways”. The woes of the broad crypto market...
The Bitcoin Rainbow Chart indicates that the price is “still cheap” as it imitates the 2021 bull cycle, where the Relative Strength Index (RSI) stayed above 70 for weeks before declining. Meanwhile, Standard Chartered believes that the asset would decline to below $80k as macroeconomic concerns continue to affect confidence. Bitcoin (BTC,) has printed losses across...
Samantha Yap bridges blockchain and mainstream media, educating the public through YAP Cast and The Context.She believes blockchain adoption is inevitable and aims to enhance public understanding of its role in the financial system. Samantha Yap is not a new name in the cryptocurrency industry. From journalist to YAP Global founder, she has become well-known...
According to Attorney Fred Rispoli, Ripple may be required to pay the full $125 million fine as the SEC delays further decisions, awaiting new leadership.The lawsuit, which began in December 2020, stems from the SEC’s claim that Ripple conducted an unregistered securities offering. Legal experts say the protracted legal battle between Ripple Labs and the...
Sam Bankman-Fried, the Former FTX CEO, has been placed in solitary confinement for participating in an unauthorized interview with Tucker Carlson.Bankman-Fried is currently serving a 25-year prison sentence after a jury found him guilty in 2023 of an $11 billion fraud and money-laundering scheme. Sam Bankman-Fried, the founder of the now-defunct cryptocurrency exchange FTX, has...
Solana’s recent negative funding rates indicate bearish sentiment among traders, though a short squeeze or favorable news could trigger a price spike.A shift in institutional interest toward Solana could bolster confidence in the network, driving prices higher and supporting a return to the $180 level. Solana (SOL) price has encountered serious resistance at around $180...
Bitwise’s BTCG dynamically adjusts between bitcoin and gold according to market conditions. It offers investors both growth potential and stability.The launch of BTCG marks an important step in the integration of crypto-currencies into traditional financial markets. It makes bitcoin more accessible to European investors. After receiving SEC approval, Bitwise, as reported by CNF, has launched...
CryptoQuant analysts attribute the spike in Binance’s stablecoin reserves to institutional investors transferring significant capital in anticipation of favorable market conditions.Binance appears to be bolstering its reserves to support heightened demand for trading pairs and large-scale transactions. New statistics from CryptoQuant have shown that Binance’s stablecoin reserves have jumped to more than $31.3 billion, an...