Steve Hanke Blasts Bitcoin: It Is ‘Not a Currency’ and Has a ‘Fundamental Value of Zero’
Steve Hanke, professor of applied economics at Johns Hopkins University, has criticized bitcoin, stating it is not a currency. The economist, known for his vocal opinions about crypto and for the promotion of dollarization initiatives in Latam, blasted bitcoin, saying it has a “fundamental value of zero,” and that it is a “highly speculative asset.” … Read more
Zero-knowledge proofs coming to Bitcoin, overhauling network state validation
Zero-knowledge proofs have powered the development of Ethereum layer 2s, and now they’re coming to Bitcoin. Go to Source Powered by WPeMatico
How does the monetary supply affect cryptocurrencies?
Cointelegraph analyst and writer Marcel Pechman explains how the monetary supply affects cryptocurrencies. Go to Source Powered by WPeMatico
Bitcoin price retains $27K, but forecast says ‘correction is incoming’
BTC price action repeatedly tests the mettle of $27,000 support, while Bitcoin analysis differs over what comes next. Go to Source Powered by WPeMatico
President Nayib Bukele Touts El Salvador as the ‘New Land of the Free’ in Vintage Americana Poster Featuring Bitcoin as Legal Tender
President Nayib Bukele is promoting El Salvador as the “new land of the free,” as part of an invitation for foreigners to move to the Latam country. Bukele tweeted a poster in vintage American style that included several advantages that the country brings its citizen, including the adoption of bitcoin as legal tender. EL Salvador’s … Read more
Binance saw $850M withdrawal prior to CFTC indictment: Data
In twelve hours preceding the indictment, almost $1.5 billion of crypto left several centralized platforms, according to Thanefield Capital. Go to Source Powered by WPeMatico
THORChain mainnet halted amid new vulnerability reports
THORChain has once again halted its network, taking action as a precautionary measure while verifying reports on a potential network vulnerability. Go to Source Powered by WPeMatico
Binance Bitcoin balance drops by 3.4K BTC within 24 hours of CFTC lawsuit
Binance’s Bitcoin balance was reduced by over 3,900 BTC in the past week, of which 3,400 BTC were pulled out in the last 24 hours alone. Go to Source Powered by WPeMatico
Bitcoin Millionaire Tim Draper Advises Startups to Keep Bitcoin as a Hedge Against a ‘Domino’ Run on the Banks
Tim Draper, a venture capitalist and bitcoin millionaire, has included bitcoin as part of a series of cash management recommendations offered to startup founders. Draper recommended having at least two payrolls worth of cash in bitcoin or other cryptocurrencies to avoid being affected by bank failures like the collapse of Silicon Valley Bank (SVB). Tim … Read more
