The intrinsic value of cryptocurrencies can be calculated using Metcalfe’s Law, production costs and discounted utility models. Source: https://cointelegraph.com/news/intrinsic-value-of-crypto?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: December 2024
Russian State Duma Deputy Chairman Calls out Tariff Bluff, Remarks on Digital Currencies’ Role in Freeing International Trade
Alexander Babakov, Deputy Chairman of the Russian State Duma, called out President-elect Trump’s recent threats regarding the hypothetical implementation of a 100% tariff regime on the BRICS bloc, stating that such an application was unlikely. Russian State Duma Deputy Chairman: Trump Unlikely to Proceed With 100% Tariff Threat President-elect Trump still has officials worried about […] Source: https://news.bitcoin.com/russian-state-duma-deputy-chairman-calls-out-tariff-bluff-remarks-on-digital-currencies-role-in-freeing-international-trade/
Bitcoin to gold ratio posts new record as BTC sets new high
The Bitcoin to gold ratio hit a new ATH at 40 gold ounces per BTC as the Bitcoin price peaked above $106,000 on Dec. 16. Source: https://cointelegraph.com/news/bitcoin-to-gold-ratio-new-record-btc-ath?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
BTC price 'base case' now $140K: 5 Things to know in Bitcoin this week
Bitcoin sees a fresh wave of short-term bullishness as BTC price discovery returns in time for Christmas. Source: https://cointelegraph.com/news/btc-price-base-case-140k-5-things-bitcoin-this-week?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Grayscale Bitcoin Trust ETF outflows exceed $21B in under 12 months
The Grayscale Bitcoin Trust has had $21 billion in outflows since January, overshadowing gains from the nine new US-based spot Bitcoin ETFs in the market. Source: https://cointelegraph.com/news/grayscale-bitcoin-trust-outflows-spot-btc-etfs-performance?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
WBTC Delisting Sparks Skirmish Between Justin Sun and Coinbase Executive
The upcoming delisting of Wrapped BTC (WBTC) from the Coinbase platform and the legal battle between the exchange and Bit Global have sparked a series of social media skirmishes between Bit Global-linked Justin Sun and Coinbase CLO Paul Grewal. Justin Sun and Coinbase CLO Paul Grewal Discuss WBTC Delisting on Social Media The recent lawsuit […] Source: https://news.bitcoin.com/wbtc-delisting-sparks-skirmish-between-justin-sun-and-coinbase-executive/
Australia chases AI industry growth via new national capability plan
Australia’s peak body representing the communication and technology industry says the government should speed up the review process deadline to July 2025. Source: https://cointelegraph.com/news/australian-government-ai-capability-plan-grow-industry?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Ripple CTO Warns of ‘FOMO’ as RLUSD Stablecoin Prepares for Market Debut
Ripple’s chief technology officer, David Schwartz, has cautioned investors about potential price volatility for RLUSD, Ripple’s U.S. dollar-pegged stablecoin, as it prepares for launch. In a December 15 post on X, Schwartz addressed concerns about RLUSD’s market debut, acknowledging the possibility of initial supply shortages that could drive its price above its intended $1 parity to the U.S. dollar. An…
Latam Insights: El Salvador’s Gold-to-Bitcoin Power Trade, Argentina Opens to Foreign Crypto ETFs
Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this issue, El Salvador could make a gold-to-bitcoin power trade, Argentina opens up to foreign crypto ETF opportunities, and Brazil might scale back its stablecoin self-custody ban provision. El Salvador Discovers $3 Trillion […] Source: https://news.bitcoin.com/latam-insights-el-salvadors-gold-to-bitcoin-power-trade-argentina-opens-to-foreign-crypto-etfs/
Here’s How The Fed’s Anticipated Rate Cut Could Impact Crypto
Bitcoin’s Sunday evening surge beyond $105,000 comes amid broader market anticipation of the Federal Reserve’s expected interest rate cut, though analysts increasingly view the monetary policy shift as confirmation rather than a catalyst for the alpha crypto’s next moves. The leading crypto gained 3.5% over the past 24 hours to reach $105,004, extending its yearly advance beyond 140% as multiple…