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Potential for a Price Rise Bitcoin has experienced a remarkable surge of over 150% in 2023, captivating the attention of Wall Street. This has sparked a race among firms to launch the first-ever Bitcoin exchange-traded fund (ETF). All eyes are now on the upcoming decision by the U.S. Securities and Exchange Commission (SEC) regarding the […]

Crypto Economy Climbs to $1.74 Trillion; Bitcoin Hits $45K in ETF Speculation and Pre-Halving Optimism The digital currency market has surged to a valuation of $1.74 trillion in the past 24 hours, with bitcoin climbing above the $45K threshold. Over the recent day, the market experienced a 4.65% increase in comparison to the U.S. dollar,

Bitcoin Faces Challenging Market Terrain on 15th Anniversary In the wake of bitcoin's 15th anniversary, the cryptocurrency behemoth confronts a challenging market terrain, as its price dipped 6.7% to prices between $42,350 to $42,619 amidst swirling rumors of spot bitcoin exchange-traded fund (ETF) rejections. Bitcoin Price Analysis The past day saw bitcoin's price range fluctuate

In the ever-volatile world of cryptocurrency assets, ethereum has experienced a significant decline, with its price dropping by 8.1% in the past 24 hours. The prevailing bearish sentiment, as indicated by technical indicators and chart patterns, is urging traders to exercise caution in their trading activities. Ethereum's Price Movement The price of ethereum (ETH) currently

Introduction Over the past few years, the stablecoin market has experienced significant turbulence, particularly since mid-2022 following the collapse of Terra's stablecoin. Additionally, last year, the New York Department of Financial Services (NYDFS) instructed Paxos to cease the issuance of BUSD. Beyond these setbacks, the supplies of three other stablecoin assets, namely GUSD, USDP, and

Introduction In this article, we will explore the concept of cooperation in economics and how it relates to the ideas of John F. Nash Jr., particularly his work on the Nash Bargaining Problem and Ideal Money. We will also consider how these concepts can be applied to the Bitcoin system, which shares some similarities with

Radiant Capital Falls Victim to Flash Loan Attack Radiant Capital, a decentralized finance (defi) platform, has confirmed that it fell victim to a flash loan attack on January 2, 2023. The attack resulted in the protocol incurring bad debt in the WETH market, amounting to approximately 1.3% of the total protocol TVL. This translates to

An Introduction to Bitcoin's Comparison with Gold Bitcoin is often compared to gold due to its limited supply, which makes it an attractive long-term store of value. Some even suggest that Bitcoin could be the digital equivalent of gold in the 21st century. However, this comparison may not hold true when considering the factors that

USDC Temporarily Depegs on Binance Amidst Crypto Market Sell-Off In a surprising move that startled the cryptocurrency market, Circle's USDC dollar-pegged stablecoin momentarily depegged from its $1 value, falling as low as $0.76 on the Binance exchange platform. This incident occurred during a market-wide sell-off, which was spurred by skepticism over the potential approval of

Introduction The Securities and Exchange Commission (SEC) has recently held meetings with potential issuers of spot Bitcoin Exchange Traded Funds (ETFs) to discuss their active applications. As a result of these meetings, it has been decided that a cash creation methodology will be adopted by these issuers, instead of the usual "in kind" transfers. This