While crypto is once again looking up (I noticed Solana hit $150 again yesterday), a report first published by Bloomberg is stirring the minds of crypto fans on social media. The ‘Dead Internet Theory’ is suddenly alive and well again as it turns out that no less than 90% of all stablecoin transactions are made […]
Former co-CEO of FTX, Ryan Salame, will be sentenced later this month for his role in the collapse of the major crypto platform back in November 2022. In order to obtain a reduced sentence, Ryan agreed to sell an apartment in the Bahamas worth $5.9 million. Ryan is yet another former FTX manager who agrees […]
Arthur Hayes, one of the original ‘crypto billionaires’ and the notorious founder of the BitMEX platform, said in early April that he expected a ‘halving dip’ to take place. We published his prediction on April 10th, just 10 days before the Bitcoin halving. That ‘dip’ did indeed occur and lasted until approximately May 2. Now […]
The Dutch tax authorities yesterday arrested one of the founders of the ZKasino platform, an online crypto website that went dark just two weeks after its founding following a suspected “exit scam”. The unnamed 26-year-old man who was arrested is suspected of fraud, embezzlement and money laundering of some 11 million euros. So happy they […]
Ever since a New York judge’s ruling, the company behind Tether, the largest stablecoin in the crypto industry, has been forced to publish a quarterly report every three months. As the stablecoin is the third largest cryptocurrency, US market regulators want to be assured that crypto investors can park their money in USDT with confidence. […]
The month of May started dramatically for Bitcoin, Ether and all other major cryptocurrencies. Just after nine o’clock yesterday morning, around the time the Asian markets close, a real sell-off began, with Bitcoin dipping below the psychologically important $60,000 mark for the first time in two months. Analysts think there is support in the zone […]
The launch of a first Asian Bitcoin ETF in Hong Kong was not really a great success after the first trading day. That fact probably set off alarm bells for many investors because Bitcoin fell to a level of $60,000 yesterday already and continues to drop today. Still a nice profit compared to the start […]
Because Bitcoin’s price is quoted in US dollars, it is mainly the strength of that currency that is currently impeding Bitcoin to climb to a higher level. Even more important is the fact that American inflation appears to be rising again which means an imminent interest rate cut seems further away than ever. Both the […]
Research agency Coinshares recently published its latest Digital Asset Manager report. This showed that the investment behavior of fund managers on Wall Street has changed significantly since the beginning of this year when it comes to crypto. Furthermore, a recent overview of where shorts and longs on Bitcoin are positioned also shows a change of […]
The low rate of the Japanese yen means that young Japanese people are increasingly investing large amounts in Bitcoin, whose price is quoted in dollars. For example, Bitcoin climbed 42% higher this year for Americans, and no less than 60% higher for Japanese. After the ‘kimchi premium’ from 2015 and 2016, we now see the […]
