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Based on historical data, the ten most heavily stocked bitcoin wallets collectively held over 1.12 million coins in 2023, accounting for approximately 5.66% of the current circulating supply. Jump ahead to the present, and these top ten addresses now control 5.55% of the supply, with a few notable shifts among the highest-ranking holders. What follows … Read more
U.S. President Donald Trump launched a blistering critique of Federal Reserve Chair Jerome Powell this week, intensifying his demand for lower interest rates as Rep. Thomas Massie (R-Ky.) reinforced concerns about the central bank’s fading influence. Trump Slams Fed as Nation Ranks 35th in Global Interest Rates President Donald Trump is once again targeting Federal … Read more
Marshall Long, an OG bitcoiner, recounted how he had to resort to stablecoins to send a remittance to a worker’s family in Iran. Long noted that stablecoins, rather than bitcoin, are more useful during times of strenuous conflict due to the availability of fiat ramps. Stablecoins, Not Bitcoin, Completed This Tricky Remittance A story posted … Read more
Circle has certainly sparkled on Wall Street since its debut on the New York Stock Exchange (NYSE), and Coinbase has also captured investor interest this week. Yet, not all crypto-related stocks are having a grand time, with Strategy’s MSTR and shares of public miners facing some headwinds. Miners Take a Hit—Meanwhile, CRCL and COIN Shine … Read more
The investment bank downgraded Coinbase stock to “Neutral” amid the exchange’s ongoing battle with U.S. regulators. Go to Source Powered by WPeMatico
On March 2, 2023, the cryptocurrency exchange Coinbase announced that, in light of recent developments, the company is “no longer accepting or initiating payments to or from Silvergate Bank.” The news follows the crypto bank’s delay of its annual 10-K filing with the U.S. Securities and Exchange Commission (SEC) and JPMorgan’s downgrade of the company’s … Read more
Last month, statistics showed that the Crypto Fear and Greed Index (CFGI) had a score of 25, indicating “extreme fear.” Thirty days later, with a 39% increase in bitcoin prices against the U.S. dollar, the current CFGI score on Jan. 30, 2023, is 61, reflecting “greed.” Crypto Fear Index Jumps to ‘Greed,’ Etoro Market Analyst … Read more
The former chairman of the United States Commodity Futures Trading Commission (CFTC), Gary Gensler, recently expressed his views on the regulation of cryptocurrency markets. Gensler emphasized his belief in the need for robust consumer protections, and also argued that the majority of initial coin offerings essentially comprise initial public offerings (IPOs). Also Read: Two US States … Read more
