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Introduction In recent reports, it has been revealed that several of the newly launched bitcoin exchange-traded funds (ETFs) have significantly increased their holdings of bitcoin. This comes after the last day of trading activity on February 2nd, 2024. Notably, Blackrock's IBIT now holds 72,466.64 bitcoin, valued at $3.12 billion, while Fidelity's Wise Origin ETF, FBTC, […]

Bitcoin's Disappointing Performance Against Gold Commodity market expert Mike McGlone, from Bloomberg, has raised concerns about the potential downturn for bitcoin compared to gold. He highlights the underwhelming performance of bitcoin against gold since its peak in 2021. According to McGlone, the bitcoin-to-gold ratio has dropped by approximately 40% from its 2021 high of 37

Bitcoin Advocate Nayib Bukele Gets Reelected With 85% of the Popular Vote President Nayib Bukele, a pioneer in introducing the law that made bitcoin legal tender in El Salvador, has been reelected as the president of the country in the ballot completed on Sunday. The Latam leader, who will reportedly continue implementing bitcoin-related policies, won

Introduction The market capitalization of the artificial intelligence (AI) cryptocurrency sector has experienced a remarkable increase of $1.07 billion within a span of only 12 days. This surge is primarily attributed to the impressive performance of bittensor (TAO), which witnessed a notable rise of 31.6% against the U.S. dollar in the past week. Over a

Bitcoin Remains Legal Tender in El Salvador El Salvador has reiterated its dedication to embracing bitcoin as legal tender, despite the International Monetary Fund's (IMF) repeated appeals for the country to abandon the cryptocurrency. According to El Salvador Vice President Félix Ulloa, not only will the bitcoin law be upheld, but the cryptocurrency currently holds

Introduction Renowned author Robert Kiyosaki, best known for his book "Rich Dad Poor Dad," has once again issued a warning regarding the potential crash of the stock and bond markets. Kiyosaki, who co-authored the book with Sharon Lechter in 1997, has been a consistent presence on the New York Times Best Seller List for over

Introduction Open Exchange (OPNX), a unique platform that allows trading of bankruptcy claims alongside crypto exchange operations, has announced its decision to cease all activities by February 14. This comes as the co-founders, Kyle Davies and Su Zhu, face legal repercussions stemming from their involvement in the collapse of Three Arrows Capital (3AC), a Singapore-based

Introduction Polygon Labs, a leading company in the digital industry, has made the decision to reduce its workforce by 60 employees, constituting approximately 19% of its total staff. CEO Marc Boiron shared this strategic move in order to recalibrate and enhance operational performance, aiming to create a lean and efficient team. The Reason Behind the

Australian Dollar Withdrawal Requests A recent ruling by the Victorian Supreme Court has increased the prospects of Australian creditors of the crypto exchange FTX getting their money back. The ruling clarified that only those who initiated Australian dollar withdrawal requests are eligible for full reimbursement. This development has provided a boost to the recovery efforts

Genesis Strikes $21 Million Deal With SEC to Resolve Lawsuit Genesis Global Holdco has reached a $21 million settlement to resolve a lawsuit concerning its crypto lending practices. The subsidiary of Digital Currency Group, Genesis, faced allegations from the SEC for the unregistered offer and sale of securities through its Gemini Earn program. The proposed