Just as Bitcoin seems to be having a hard time breaking out of the trading range between $55,000 and $65,000 in ‘uptober’, a real use case for crypto has emerged in South America in recent months. Due to skyrocketing inflation in some countries, more and more Argentinians, Brazilians, Colombians and Venezuelans are buying stablecoins to […]
Chinese investors have been looking for a way to protect their assets against devaluation for years now. Apparently some criminals in Chengu had understood this and opened an illegal crypto bank that already had 2 billion in stablecoins in its possession. Police closed down the operation this week. Over in the altcoin market it was […]
Russia and Ukraine are now in the world’s eye as they could possibly enter into conflict (analysts believe Russia is waiting for the end of the Beijing winter Olympics to do so) and Wall Street investors and the cryptosphere are going risk off. Stocks are falling and Bitcoin nears the $40k level again. Meanwhile some […]
As Forbes reports, the breakthrough is major: it officially allows institutions to “keep deposits as a reserve for stablecoins”. Stablecoins of course already make use of banks, so it is a matter of formalizing the latter’s supervisory role. It was the Office of the Comptroller of the Currency (OCC) that clarified this new role, in […]
What are stablecoins? Stablecoins are cryptocurrencies that are somewhat stable and are linked 1:1 to a currency that we currently use a lot. In most cases, this is to the United States Dollar (USD). There are even stablecoins that are equal to the price of gold, silver or platinum. Currently, there are several stablecoins available […]
Whenever a period of uncertainty arises for digital coins, it is always a good idea to check whether we’re in an altcoin season or a bitcoin season. Right now it seems to be 50/50, so unsure of which direction we’re headed into. Stablecoins Altcoin season is the period when altcoins traditionally outperform Bitcoin in terms […]
The U.S. government is taking a major step toward integrating crypto into the financial system. David Sacks, Trump’s special advisor on AI and crypto, also known as the “Crypto King”, calls the evaluation of a national Bitcoin reserve a priority. This plan was already on President Trump’s list of campaign promises and is now being […]
President Donald Trump has signed a new executive order requiring the U.S. to establish a sovereign investment fund. This decision, which must produce a concrete plan within 90 days, immediately raises questions about possible investments in Bitcoin. Bitcoin advocate and Senator Cynthia Lummis calls the decision a “big deal.” This is a ₿ig deal. https://t.co/ZShfQcEGwc […]
Normally the larger altcoins (the top 20 on CoinMarketCap, except for the stablecoins of course) copy Bitcoin’s movement. When the largest digital coin falls, they fall a little faster. When Bitcoin rises, some major altcoins move higher just a little faster. This week (and most of the past few weeks) it was noticeable that XRP […]
A lot of new financial terms appeared in the global media this week. By now, even well respected outlets such as the New York Times, Bloomberg, the Wall Street Journal and the Financial Times are convinced that Bitcoin can soon reach $100k. At this moment we are apparently in the ‘melt-up’ phase, if Bitcoin does […]
