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The Importance of Bitcoin in Protecting Against Inflation Mexican billionaire Ricardo Salinas believes that bitcoin can serve as a safeguard against inflation. He argues that people's savings are being eroded without their consent or knowledge due to the devaluation of currency. Salinas emphasizes that the debasement of currency is a tactic employed by fraudsters to […]

Introduction An onchain analyst, Zachxbt, recently discovered that 4,800 bitcoins that were stolen from the now-defunct darknet marketplace Abraxas have been transferred to a bitcoin mixing service. Abraxas exit scammed in November 2015 after less than a year of operation, and the stolen bitcoins had remained untouched since then. Bitcoin Movement and Consolidation Zachxbt reported

Former General Counsel Shocked by Secret Transfers Can Sun, the former general counsel of FTX, testified in federal court on Thursday, revealing his shock at discovering that FTX founder, Sam Bankman-Fried (SBF), had secretly transferred billions of dollars in customer funds to his hedge fund, Alameda Research. Sun told prosecutors that he resigned from his

Economist Peter Schiff Raises Concerns over Inflation, Recession, and Depression Economist and gold bug Peter Schiff recently took to social media platform X to issue a series of warnings about the U.S. economy and the U.S. dollar. He emphasized that the ongoing financial and economic crisis, which has been long overdue, is now unfolding before

The world of cryptocurrencies experienced a considerable upturn recently, with Bitcoin reaching a three-month high and Ethereum also showing significant progress. The substantial surge in these cryptocurrencies has been attributed to the growing market optimism about the potential approval of several spot bitcoin ETFs by the Securities and Exchange Commission (SEC). Let's take an in-depth

XRP, a prominent cryptocurrency, experienced a significant upturn on Friday, driven by the market's reaction to the Securities and Exchange Commission (SEC)'s decision to abandon its lawsuit against Ripple's executive team. Previously, the SEC had claimed that Ripple's CEO, Brad Garlinghouse, and Chairman, Chris Larsen, had infringed securities laws. In parallel, Solana also noted an

Bitcoin ETFs, or Exchange-Traded Funds, have been making waves in the financial world in recent times. The soaring popularity and potential benefits of these funds have sparked optimism among proponents. However, critics raise concerns about potential vulnerabilities and manipulative practices, drawing parallels with the precious metal markets. Emerging Concerns Around Bitcoin ETFs The potential for

Bitcoin made a significant leap towards the $28,000 mark on Monday, as the market responded to the Securities and Exchange Commission's (SEC) decision not to contest the Grayscale ruling. This decision implies that Grayscale might soon transition its bitcoin trust into an exchange-traded fund (ETF). Meanwhile, Ethereum made strides towards the $1,600 mark today. Bitcoin's

In the exciting landscape of digital assets, there's a wave of anticipation as experts foresee a green light on all spot bitcoin exchange-traded fund (ETF) applications by the U.S. Securities and Exchange Commission (SEC) within the forthcoming three to six months. With this optimism, the investment community looks forward to the infusion of between $150

When you think of "gold," what comes to mind? For many people, it may be gold bullion or rare gold coins. However, gold jewelry is another popular association with the precious metal. If you're interested in learning more about gold jewelry, this guide is for you. Did you know that jewelers use different types of