Wednesday, May 8, 2024

Blockchain

Fed Chair Concerned About $22 Trillion US Debt, is Bitcoin a Viable Alternative?

The US national debt now stands at $21.974 trillion, a 10% increase since President Donald Trump took over the oval office. And Bitcoin may be the needle people need to pop the debt bubble. “From...

Goal of Bitcoin is to Bypass Existing Financial System, Not to Support it

Bitcoin is inherently a cypherpunk, anti-establishment movement. From day one, this whole movement around Satoshi Nakamoto’s vision of digital money has been single-handedly pushed by the zany, outcasts, and decentralists that push their beliefs...

Bitcoin Will Easily Surpass Market Cap of Gold at $8 Trillion

Crypto’s most fervent crusaders have sought to keep their heads up in this drastic, bone-crushing bear market. While optimism has often taken the form of the “institutional herd is coming” narrative, a number of...

Bitcoin Holds Steady Above $3,400, But Analysts Still Believe Further Losses Could Be in...

Following Bitcoin’s recent drop into the $3,400 region, it has been able to hold support above $3,400 for an extended period of time, which may ultimately prove to be positive for Bitcoin’s price action....

Bitcoin ETF Hopefuls Refile Application To U.S. SEC

Although the crypto market’s year-long downturn has yet to reverse, this nascent ecosystem saw a fundamentally positive, likely bullish (price-wise) announcement on Thursday, as a financial services provider refiled a Bitcoin exchange-traded fund (ETF) application...

Indian Public Sector Bank Leaks Millions of Customers’ Data, Merit of Bitcoin

A human error led to the leak of millions of customers’ data at an Indian public sector bank, raising questions on the merit of Bitcoin over banks. State Bank of India, a government-owned corporation, forgot...

Professionalism in Crypto is Desperately Needed and Gemini is Setting Industry Standards

This week, prominent U.S.-based crypto exchange Gemini revealed it had become the first-ever cryptocurrency exchange and custodian to successfully complete a System and Organization Controls (SOC 2) for Service Organizations Type 1 examination. The SOC...

Bitcoin Likely to Climb Back Above $3,500 After Finding Support at $3,400

Earlier this week, Bitcoin (BTC) failed to uphold its previously established support level around $3,550, which led to a sharp drop to $3,400. Although at the time of this drop many analysts expected BTC’s...

Bitcoin and Crypto Has Introduced Millennials to Investing in Markets, Despite Fears

The digital asset strategist and director at VanEck subsidiary MV Index Solutions believes that Bitcoin and other crypto have introduced investing in markets to a “new generation of investors.” While the executive didn’t explicitly call...

Ducking Bitcoin Taxes Will Not Help Industry Grow

Early Bitcoin believers ventured into the digital currency industry because of its autonomy and anonymity. But the anti-establishment attitude cannot help the sector grow, according to Bittax. The Israel-based crypto tax specialist said that most...

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