Author name: Peter

The U.S. Federal Reserve Lags Behind Peers in Developing a Central Bank Digital Currency

The Opposition to a CBDC A recent blog post by the non-partisan American think tank, the Atlantic Council, reveals that the U.S. Federal Reserve is falling behind its peers in the development of a central bank digital currency (CBDC). The post emphasizes the lack of resources and personnel dedicated to CBDC development and innovation within

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Bitcoin Technical Analysis: Navigating Signals and Macro Decisions Ahead of Fed Ruling

Introduction Bitcoin, the leading digital currency, has experienced a range of fluctuations in its trading value over the past hour. With an impressive market capitalization of $834 billion, bitcoin continues to demonstrate its volatile nature. In this article, we will delve into the technical analysis of bitcoin, examining various signals and macro decisions that could

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The Rise of the Stablecoin Economy: A Look at the First Month of 2024

Stablecoin Market Capitalization Surges In the past month, data reveals a significant increase in the combined market capitalization of leading stablecoins, rising from $131.71 billion to $136.56 billion. The top two stablecoins, tether (USDT) and usd coin (USDC), experienced notable expansions in their supplies, with increases of 4.8% and 7.2% respectively. Growth of the Stablecoin

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Discreet Log Contracts: Evolving to Meet Institutional Needs

Introduction Discreet Log Contracts (DLCs) have been around for a while and were initially proposed by Thaddeus Dryja, the co-creator of the Lightning Network protocol, in 2017. DLCs are a smart contract structure designed to address three key issues with previous contract schemes: scalability, data integration, and user privacy. Scalability One of the main challenges

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GBTC Sees Decrease in Bitcoin Holdings While 9 ETFs Accumulate Over 160,000

GBTC's Bitcoin Holdings Decline In the latest update, Grayscale's Bitcoin Trust (GBTC) has experienced a decrease in its bitcoin holdings. Over the past day, GBTC's holdings have decreased by 4,461.36 bitcoin, which is valued at approximately $190.53 million. Since January 12, 2024, GBTC has observed a cumulative reduction of about 124,967.54 bitcoin, equivalent to an

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Tether Holdings Reports Record-Breaking Net Profit in Q4 2023

Bitcoin and Gold Price Appreciation Drive Tether's Financial Success In the fourth quarter of 2023, Tether Holdings Limited achieved an unprecedented milestone with a net profit of $2.85 billion. This remarkable achievement contributed to Tether's overall net profit of $6.2 billion for the year. Tether's secured loans, totaling $4.8 billion, were fully backed by excess

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Bitcoin Magazine Announces Partnership with Unchained: Revolutionizing Bitcoin Financial Services

Introduction Bitcoin Magazine is thrilled to announce its partnership with Unchained, the leading provider of Bitcoin financial services. This collaboration designates Unchained as the official Collaborative Custody and IRA partner of Bitcoin Magazine in the United States. Together, we aim to revolutionize the way institutional and enterprise investors interact with Bitcoin and its derivatives. Overcoming

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