The value of bitcoin (BTC) has witnessed an impressive surge of over 38% against the U.S. dollar in the last six months, resulting in a remarkable 125% increase year-to-date. Scaling new heights not seen in 18 months, bitcoin's market capitalization has now reached the eleventh position among global assets, joining the ranks of precious metals, […]
Bitcoin and Ethereum Navigate Through Market Uncertainty While global equities slumped following the speech from U.S. Federal Reserve chairman Jerome Powell on Thursday, crypto markets held strong with an overall market valuation of $1.4 trillion on Friday, November 10, 2023. Bitcoin Bitcoin's recent price action reflects a positive uptrend with its value piercing through the
Introduction In the ever-evolving world of Bitcoin, managing your unspent transaction outputs (UTXOs) is crucial for minimizing costs. As transaction fees continue to soar unexpectedly, understanding UTXO consolidation becomes essential for optimizing your bitcoin management strategies. Understanding UTXOs and Their Role in Your Wallet When you receive bitcoin (BTC), the transaction generates UTXOs, which are
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Bitcoin's Scarce Supply Contradicts Price Rally A recent study conducted by Glassnode on onchain activities has shed light on the tightening supply of bitcoin. Despite the significant increase in bitcoin's value this year, the study shows that the inactivity of coins has reached unprecedented levels. Over the past year, BTC has experienced a surge of
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The Role of CBDCs in the Future Financial System In a recent speech in Basel, Switzerland, Agustín Carstens, the chief of the Bank for International Settlements (BIS), highlighted the importance of central bank digital currencies (CBDCs) in shaping the future of the financial system. Carstens emphasized that CBDCs will bring innovation and meet public expectations.
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Nouriel Roubini's Firm Reveals Climate-Focused Crypto Token Renowned economist Nouriel Roubini, famously known as "Dr. Doom" due to his strong skepticism towards cryptocurrency, is facing criticism as his company, Atlas Capital, announces its entry into the crypto market. This move marks a significant shift in Roubini's previous stance, where he labeled crypto enthusiasts as "corrupt,
Microstrategy Chairman Michael Saylor is optimistic about the future demand for bitcoin, expecting it to double following the halving event and the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). According to Saylor, the next 12 months will be highly favorable for the asset class, and he has
Hong Kong Open to Allowing Trade of Spot Crypto ETFs Hong Kong is currently exploring the possibility of allowing the trading of spot cryptocurrency exchange-traded funds (ETFs) as long as the risks associated with these instruments are adequately addressed. According to Julia Leung, the CEO of the Hong Kong Securities and Exchange Commission, the city
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A Brief History of Monetary Gold Monetary Gold, a leading precious metals dealer, has been facilitating the purchase of silver and gold coins for investment purposes since 2000. What sets this company apart from its competitors is its direct partnership with precious metal dealers, which allows for competitive pricing and easier access to precious metals.
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Bitcoin: The Preferred Investment Cathie Wood, founder and CEO of Ark Investment Management, recently expressed her strong support for bitcoin's future. During an interview on Bloomberg's "Merryn Talks Money" podcast, Wood confidently stated that if given the choice between gold, cash, or bitcoin as a ten-year investment, she would choose bitcoin "hands down." Wood's preference