El Salvador to Maintain Bitcoin as Legal Tender El Salvador's Vice President Felix Ulloa confirmed in an interview with Reuters on Wednesday that bitcoin will continue to be recognized as legal tender in the country during President Nayib Bukele's second term. This decision comes despite the International Monetary Fund's (IMF) repeated calls for El Salvador to abandon bitcoin as legal … [Read more...]
The AI Cryptocurrency Sector Grows by $1 Billion in 12 Days
An Upward Trajectory for AI-Centric Crypto Economy In just 12 days, the market cap of the artificial intelligence (AI) cryptocurrency sector has increased from $6.08 billion to $7.15 billion. This significant growth can be attributed to the exceptional performance of bittensor (TAO), which saw a remarkable 31.6% increase against the U.S. dollar in the past week. Over a Billion Returns to the … [Read more...]
British Police Seize Over 61,000 Bitcoins in Massive Chinese Investment Fraud
The U.K. Metropolitan Police have reportedly seized more than 61,000 bitcoins from a massive Chinese investment fraud. A British citizen is accused of laundering bitcoin for a Chinese fugitive who allegedly stole roughly $6.4 billion from more than 128,000 investors. One of the Largest Cryptocurrency Seizures Globally The U.K. Metropolitan Police have made a significant breakthrough in the fight … [Read more...]
Is a Gold IRA Worth It? (Exploring The Benefits)
Self-Directed Gold IRAs are an excellent way to invest in gold without dealing with the headaches associated with purchasing physical bullion. This type of account permits investors to buy gold directly from the government, and then store it in their own name. While many people prefer holding the physical form of gold, it is not possible for everyone has access to it. Additionally physical … [Read more...]
China Emerging as Surprising Source of Bitcoin Demand
Introduction China, a country that has historically had a complicated relationship with Bitcoin, is now emerging as a surprising source of demand for the cryptocurrency. As the Chinese economy undergoes a transition and experiences the end of an economic model, investors in the country are increasingly turning to Bitcoin as a store of value and a means of capital flight. This article explores the … [Read more...]
Hong Kong Strengthens Regulation for OTC Crypto Market
Hong Kong's Focus on Regulating OTC Crypto Trading According to local sources, Hong Kong is now prioritizing the regulation of over-the-counter (OTC) cryptocurrency trading. The government aims to address the risks associated with virtual assets, particularly in light of the growing interest from mainland investors who are using Hong Kong as a gateway for crypto investments. Enhancing … [Read more...]
The Commodities Futures Trading Commission Warns Investors About AI-Created Trading Algorithms
Background Research on AI-Created Trading Algorithms The Commodities Futures Trading Commission (CFTC) has advised investors to exercise caution when dealing with artificial intelligence (AI)-created algorithms that promise unrealistic returns on crypto asset investments. The commission recommends conducting thorough background research on the companies or individuals offering such trading … [Read more...]
Why Vanguard Does Not Offer Spot Bitcoin ETFs: Explained
The Stance of Vanguard Financial giant Vanguard has recently clarified its position on spot bitcoin exchange-traded funds (ETFs) and why it does not make them available on its trading platform. In a blog post titled "No Bitcoin ETFs at Vanguard? Here's why," Vanguard explains its standpoint on cryptocurrency and the reasons behind its decision to disallow clients from trading newly … [Read more...]
SEC Crypto Enforcement Reached New High in 2023
The U.S. Securities and Exchange Commission (SEC) witnessed a significant surge in crypto enforcement in 2023, with a more than 50% increase in enforcement actions related to cryptocurrencies compared to the previous year, according to a recently published report. The SEC continues to prioritize the enforcement of cryptocurrency regulations, bringing forth 46 enforcement actions against various … [Read more...]
GBTC Outflows: Analyzing Bitcoin Selling Pressure & Market Impact
Introduction This article provides a heuristic analysis of GBTC outflows and aims to offer insights into the current state of GBTC selling and the potential scale of future outflows. It is important to note that this analysis is not strictly mathematical but serves as a tool to understand the market dynamics surrounding GBTC. Number Go Down Since the approval of Spot ETFs, the Grayscale Bitcoin … [Read more...]
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