Author name: Peter

Jim Cramer Warns of Bitcoin Selloff, But Not Against Speculation

Jim Cramer's Bitcoin Prediction Jim Cramer, the host of CNBC's Mad Money show, has recently expressed caution regarding the investment in bitcoin and the newly launched spot bitcoin exchange-traded funds (ETFs). However, he clarified that he is not as strongly opposed to these investment vehicles as Gary Gensler, the chairman of the U.S. Securities and […]

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Franklin Templeton Foresees Broad Crypto Expansion Beyond Bitcoin

Franklin Templeton Sets Sights on Expanding Crypto Horizons Franklin Templeton, a leading investment management firm with $1.5 trillion in assets, is eyeing a broader expansion in the crypto market. Sandy Kaul, the firm's Head of Digital Assets, believes that there is significant potential in the crypto domain and anticipates more filings in the future. Recognizing

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The Tokenized Asset Coalition Predicts Advancements in Tokenization in 2024

The Emergence of Tokenization in Different Asset Classes The Tokenized Asset Coalition (TAC), a membership organization dedicated to promoting the institutional adoption of tokenization practices, has released its "State of Tokenization" report. According to the report, 2023 witnessed the birth of a tokenized risk curve as tokenization was applied to various asset classes. Furthermore, the

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Optimal IRA Balance You Should Have Going into RMD Years? (Explained)

Self-Directed gold IRAs are great because they let you invest in precious metals without needing to deal with any middlemen. In fact, these accounts are so simple that even your grandmother could set it up! When you buy physical silver, gold palladium, platinum, Rhodium bars, coins, rounds and bullion, you get instant liquidity. However, if

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RBI Governor Warns of Significant Risks Associated with Cryptocurrencies

Introduction The head of India's central bank, the Reserve Bank of India (RBI), has raised concerns about the potential dangers of cryptocurrencies, particularly for emerging market economies. During his speech at the World Economic Forum in Davos, RBI Governor Shaktikanta Das emphasized the risks associated with these digital assets. RBI Governor's Crypto Warnings Shaktikanta Das,

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Spot Bitcoin ETFs Surpass Silver and Claim Second Place in U.S. ETF Commodities

Spot bitcoin exchange-traded funds (ETFs) have surpassed silver to become the second-largest commodity in the U.S. ETF market, trailing only gold. The recent approval of spot bitcoin ETFs by the U.S. Securities and Exchange Commission has fueled this significant shift. Bitcoin ETFs, including the newly converted Grayscale Bitcoin Trust ETF (GBTC), now hold nearly $28

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Grayscale’s GBTC Sees Significant Decrease in Bitcoin Holdings

Major Outflows Hit Grayscale's GBTC Prior to Wednesday's market opening, Grayscale's exchange-traded fund, GBTC, reported holding 605,890.87 bitcoin in reserves. However, according to the company's most recent update, there has been a significant decrease in GBTC's holdings, with a reduction of 13,793.09 bitcoin, valued at approximately $571 million. Staggering BTC Withdrawals This recent decline in

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The European Union Introduces New Rules for Crypto Asset Service Providers

Introduction The European Union Council and Parliament have reached a provisional agreement to introduce new regulations for crypto asset service providers (CASPs). These regulations will require CASPs to conduct due diligence on their customers and verify information on users whose transactions exceed $1,090 or €1000. The aim is to prevent fraud, organized crime, and terrorist

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Peter Schiff Predicts Sharp Decline in Bitcoin Price Due to New Crypto Regulations

Introduction Economist and gold bug Peter Schiff has made predictions about the future of cryptocurrency regulations in the United States. He believes that the U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler will soon introduce new and burdensome regulations that will lead to a significant decrease in the price of bitcoin. Schiff anticipates that

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