Author name: Peter

Bitcoin's Supply Tightens Despite Price Rally, According to Glassnode Study A recent study conducted by Glassnode on onchain activities has revealed that the scarcity of the bitcoin supply is increasing. Despite a significant increase in bitcoin's value this year, the study shows that coins are becoming less liquid and are being held by steadfast holders. […]

Introduction In a recent speech in Basel, Switzerland, Agustín Carstens, the chief of the Bank for International Settlements (BIS), emphasized the significant role that central bank digital currencies (CBDCs) will play in the future financial system. Carstens believes that CBDCs will bring innovation and meet the expectations of the public. Despite acknowledging the challenges that

A Shift in Stance Critics are currently roasting economist Nouriel Roubini, known for his disdain for cryptocurrency, as his company Atlas Capital announces its venture into the very market he once scorned. Roubini, also known as 'Dr. Doom' for his stark skepticism, has consistently maintained a negative stance against crypto assets. However, his firm is

Microstrategy Chairman Michael Saylor predicts that the demand for bitcoin will double following the halving and the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Saylor believes that the next 12 months will be a prosperous period for the asset class and identifies three key factors that he

Hong Kong Open to Allowing Trade of Spot Crypto ETFs Hong Kong is currently exploring the possibility of permitting the launch of spot cryptocurrency exchange-traded funds (ETFs) as long as the associated risks are properly addressed. In a recent interview, Julia Leung, the CEO of the Hong Kong Securities and Exchange Commission, emphasized that the

Binance Introduces USDT Earning Program with Up to 13% Annual Percentage Yield This week, Binance, the world's leading cryptocurrency exchange in terms of trading volume, announced the launch of a new program that allows users to earn tether (USDT) with an annual percentage yield (APY) of up to 13%. This move by Binance comes in

Temporary Prevention Measure Taken by Aave Guardian The decentralized finance (defi) protocol Aave's guardian announced on November 4th that it had temporarily paused the Aave V2 Ethereum Market and frozen certain assets on Aave V3 on Polygon, Arbitrum, and Optimism. This decision was made in response to a reported issue concerning the protocol. The guardian

Cathie Wood's Preference for Bitcoin Cathie Wood, the founder and CEO of Ark Investment Management, recently expressed her strong support for bitcoin as a long-term investment. In a podcast interview with Bloomberg's "Merryn Talks Money," Wood confidently stated that if given the choice between gold, cash, or bitcoin as a ten-year investment, she would pick

Fidelity's director of global macro, Jurrien Timmer, believes that bitcoin is the "exponential gold" of the digital age. In a series of posts on social media platform X, Timmer outlined his views on bitcoin's potential as a store of value and hedge against monetary debasement. Bitcoin's Role as a Commodity Currency Timmer describes bitcoin as

Bitcoin Bitcoin (BTC) experienced a decline of 3.3% on Friday, November 3, 2023, with its price dropping to $34,195. The trading volume for the last 24 hours stood at $20.79 billion. The relative strength index (RSI) reading of 70 suggests that bitcoin is approaching overbought levels, while the Stochastic oscillator of 86 indicates the possibility