Key Points Sophisticated Fraud: QZ Asset Management, led by CEO Blake Yeung, deceived investors with promises of high returns using AI technology. False Credibility: The firm fabricated relationships with reputable banks and legal institutions to appear legitimate. Public Market Deception: QZ Global falsely claimed plans to list on Nasdaq, attracting more investors. Final Collapse: The …
At a Glance Kamala Harris’s Rise: Her increasing political prominence is linked to a bearish sentiment for Bitcoin. Bitcoin’s Decline: Bitcoin’s value dropped by 3% following Harris’s nomination, dipping below $50,000. Trump’s Crypto Support: Trump’s pro-Bitcoin stance has garnered solid financial backing from the crypto community. Harris’s Crypto Strategy: Harris’s campaign includes advisors with crypto …
The Intersection of Politics and Bitcoin: A Shaky Alliance Read More »
Quick Look: Bitcoin Halving Cycle: Critical to Bitcoin’s economic model, it reduces mining rewards every four years, promoting long-term price stability. Institutional Interest: Bitcoin ETFs enable large-scale investors to enter the market, potentially driving future price increases. Historical Performance: Post-halving periods have shown significant price gains; patience may be vital to realizing benefits. Ethereum and …
Quick Look: Cryptocurrency Strategy: Russia leverages cryptocurrency to counteract Western sanctions, significantly altering its financial landscape. Sanctions Impact: Russia’s exclusion from the SWIFT banking system has severely hampered its global trade capabilities. Regulatory Moves: A new bill aims to regulate crypto mining, with large-scale operations needing government approval and oversight. Digital Rouble Introduction: The Russian …
Russia Turns to Cryptocurrency to Evade Sanctions Read More »
Quick Look: Ether ETFs launched with over $1 billion in trading volume and $106.7 million in net inflows. Ether ETFs’ trading volume was about 20% of Bitcoin ETFs’ $4.5 billion debut, highlighting a strong but comparatively more minor start. BlackRock iShares Ethereum Trust ETF led with $266.5 million inflows, followed by Bitwise’s Ethereum ETF with …
Quick Look: Market Confidence: Analysts note increased market confidence in Trump’s support for cryptocurrency, particularly Bitcoin mining in the U.S. Bitcoin Surge: Bitcoin rose 9% to $63,790, and mining stocks gained about 10% after a failed assassination attempt on Trump. Alleviated Selling Pressure: Bitcoin prices benefited from reduced selling pressure as the German government liquidated …
Quick Look: Bitcoin ETFs saw a $295 million net inflow on July 8, 2024, led by BlackRock’s iShares Bitcoin Trust ETF. The last significant inflow was on June 5, exceeding $488 million, indicating strong investor confidence. Germany transferred 26,200 BTC ($1.5 billion), raising market impact questions but showing strategic asset handling. The potential $8.5 billion …
Bitcoin ETFs Surge with $295M Inflows Despite Market Jitters Read More »
Quick Look: Germany’s Bitcoin Holdings: It holds 29,286 Bitcoins worth $2.2 billion and pending 39,826 Bitcoins valued at $2.2 billion. Seizure Highlight: Confiscated 49,857 Bitcoins from Movie2k.to, dormant since 2013. Market Impact: Germany’s recent Bitcoin sales contributed to a 20% decline in Bitcoin’s price over four weeks. Justin Sun’s Offer: Proposed to buy Bitcoin off-market …
Germany’s Bitcoin Holdings: $2.2 Billion and Counting Read More »
Quick Overview Federal Reserve’s Cautious Shift: Inflation easing but still above the 2% target, requiring careful policy balance. Robust US Economic Activity: Continued expansion driven by consumer spending, investments, and labour market recovery. 2024 Growth Outlook: Expected slower growth indicates economic stabilisation post-rapid recovery. Impact of Declining Inflation: Positive for risk assets and Bitcoin, enhancing …
Short-Term Crypto Price Trends in Inflationary Times Read More »
Quick Look: Bitcoin dropped below $58,000 on Coinbase for the first time in two months, causing social media buzz; Fear of a $9 billion Bitcoin offload by Mt. Gox is unsettling the market, potentially paving the way for a future rebound; The Crypto Fear and Greed Index indicates a cautious market mood, with a score …
Bitcoin Dips Below $58K on Coinbase, Lowest in 2 Months Read More »
Quick Look: Bitcoin fell 1.35% in 24 hours and 9.2% over the past month, 16% below its all-time high. The LTH inflation rate of 1.9 indicates increased confidence among long-term holders. There’s significant on-chain activity due to Mt. Gox’s upcoming $9 billion Bitcoin repayment, underlining the urgency and importance of the situation. The renowned cryptocurrency …
Quick Look: On January 12, 2023, the U.S. imposed sanctions on 300 individuals and entities in Russia’s military-industrial complex. Sanctions were applied to Andrey Sudakov of Polyus and Mu Xiaolu of Hong Kong for gold laundering. In May 2023, OKO Design Bureau faced sanctions for soliciting cryptocurrency donations. On June 12, 2024, the U.S. expanded …
U.S. Treasury Expands Crypto Sanctions on 300 Entities Read More »
Quick Look: Toncoin failed to surpass the crucial resistance level of $7.0, indicating potential trouble. Pessimism prevails with declining Mean Coin Age and network growth, signalling reduced investor confidence. A breach of the $6.5 support level and a double top pattern formation suggest further declines, possibly up to 25%. Toncoin (TON), one of the prominent …
Toncoin Struggles at $7.0 Resistance, Risking Further Losses Read More »
Quick Look: Ether surged 20% on renewed optimism for SEC approval of Ethereum ETFs. The SEC’s request for document updates from ETF issuers has boosted investor confidence. With ETH leading, the broader cryptocurrency market is rising, influenced by the SEC’s pending decisions. Investor sentiment has notably shifted as the U.S. Securities and Exchange Commission (SEC) …
Quick Look: The Senate voted 60-38 to repeal SEC’s SAB 121, following a House vote of 228-182. President Biden plans to veto, citing investor protection and financial stability concerns. Repeal supported by 12 Democrats and 48 Republicans in the Senate, showing a significant partisan split. The U.S. Senate has voted to repeal the Securities and …
Senate Votes 60-38 to Repeal SEC’s Crypto Policy Read More »
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