Fundstrat Global Advisors’ head of research says bitcoin still has “exponential growth ahead” of it. While acknowledging recent price swings of the cryptocurrency, the strategist emphasized that bitcoin has so far regained its losses in short periods of time. Bitcoin Still Has ‘Exponential Growth Ahead’ Fundstrat Global Advisors’ managing partner and head of research, Thomas Lee, talked about the outlook…
The Australian government is seriously consider the rollout of central bank digital currency (CBDC) and has backed numerous forward-looking regulatory crypto-proposals as part of a new “payments and crypto reform plan.” Treasurer Josh Frydenberg says the reforms “will firmly place Australia among a handful of lead countries in the world.” The reform plan is said to be the biggest shake-up…
Crypto hedge fund Three Arrows Capital (3AC) has bought more than half a billion dollars worth of Ether in the time since CEO Zhu Su publicly slammed the cryptocurrency on Twitter. Do the purchases mean he’s changed his mind, or was he just taking advantage of a market crash to buy the dip? In an anti-ETH tirade between Nov. 20…
The below is a direct excerpt of Marty’s Bent Issue #1124: “Approaching hashrate all time highs.” Sign up for the newsletter here. via bitcoin.sipa.be via insights.braiins.com If the recent trend in Bitcoin network hashrate growth continues pace, we should see new all time highs by the end of the year. This is an incredible development when you take the CCP’s…
Stablecoins are an integral part of the the centralized crypto sector and the decentralized finance (DeFi) ecosystems that have sprung up over the course of the past few years because they provide the liquidity needed for traders to easily swap into different assets. They also serve as a shelter against strong downside swings like the 25% correction seen on Dec.…
The Bank of Thailand has stated that it does not want commercial banks to be directly involved in the trading of crypto assets. The edict came from central bank senior director Chayawadee Chai-Anant on Dec. 7 who cited risks associated with high price volatility. “We don’t want banks to be directly involved in digital asset trading because banks are (responsible)…
Crypto-friendly travel website Travala has added support for the shiba inu cryptocurrency. SHIB can now be used to book more than 3 million travel products worldwide on the site, including flights, hotels, and travel packages. Travala Adds Support for Shiba Inu Crypto Travel website Travala announced Tuesday that shiba inu cryptocurrency has been added to its website as a payment…
The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Almost immediately after we released our November Monthly Report last Friday, the bitcoin market experienced a series of swift liquidations taking price down…
The Office of the Comptroller of the Currency in the USA will operate with only an acting Comptroller for a little longer after President Biden’s nominee, Saule Omarova, withdrew her candidacy from the confirmation process. In response to Omarova’s withdrawal, President Biden said on Dec. 7, “Saule was subjected to inappropriate personal attacks that were far beyond the pale.” The…
Anima, an augmented reality startup, wants to build a bridge between the physical world and the metaverse. And it thinks a global treasure hunt for NFTs, floating in virtual space, is the way to do it. Last week, Anima launched PHASE MN:01 Mirror, a collection of 8,888 unique augmented reality NFTs created with street artist Demsky. Unlike most headline-grabbing NFTs…
