Day: December 26, 2022

PUMP FOR BITCOIN! CPI!!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bybit: Up to $30’030 in Bonus and 0% Spot Fees PRIME XBT: … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Krampus is coming to the crypto space this holiday season

boss

’Twas the weeks before Christmas on a island far away, None could have foreseen crypto’s golden boy going astray. When politicians and firms took FTX‘s money with glee, Did they truly know the depth of one man’s duplicity? Imagine if you will, the exchange’s younger days, When business people showered the LoL player with praise. The markets were high, adoption was booming… How could we have seen the massive threat looming? “Come in and talk to us,” the SEC pled, As money flowed to agency and lawmaker instead. For many,…

SBF stays at parents’ house on a $250 million bail: Law Decoded, Dec. 19-26

boss

Former FTX CEO Sam Bankman-Fried landed in the United States on Dec. 21. And, at least till the end of his court cases, he will live with his parents in Palo Alto, California. A bail was granted to SBF on the conditions of a $250 million bond, home detention, location monitoring and the surrender of his passport. His parents secured his bail with the equity in their house. Some Twitter users found this development either amusing or suspicious.  One of the key witnesses in the ongoing FTX investigation, former Alameda…

Silver and Gold — Precious Metals Stored Value This Year Outperforming Crypto Assets in 2022 – Market Updates Bitcoin News

boss

Gold prices are ending the year a hair below the values recorded 12 months ago. Statistics on Dec. 26, 2021, show the U.S. dollar value per ounce of gold was $1,810 per unit, and today gold is $1,797 per ounce. Silver, on the other hand, managed to increase a hair in value since last year, as prices climbed from $23.04 per unit to the current USD value of around $23.72 on Dec. 26, 2022. Gold Dropped a Hair During the Last Year, While Silver Rose a Touch — Precious Metal…

Price analysis 12/26: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT

The S&P 500 may try to move up in the short term and that could trigger a recovery in Bitcoin and select altcoins. The cryptocurrency markets are trading at record low volatility as investors have largely stayed away during the holiday season. That could be because investors are unsure about the cryptocurrencies that could lead the next bull run. Cumberland senior research analyst Steven Goulden said in a “Year in Review” report that he expects four “emerging narratives” to lead the crypto space over the next six to 24 months.…

Project Hamilton has concluded, weeks after legislators’ enquiry, according to Boston Fed

boss

Project Hamilton, the research project of the United States Federal Reserve Bank of Boston and Massachusetts Institute of Technology, announced its conclusion in the run-up to Christmas. The two-year project looked at the technical aspects of a hypothetical United States digital dollar central bank digital currency, or CBDC. “Project Hamilton took critical early steps toward a deeper understanding of how money might work better for all,” Boston Fed Executive Vice President Jim Cunha said in a statement announcing the conclusion of the project. In February, the technologically “agnostic” project released…

What are proof-of-reserves audits, and how do they work?

boss

With the rising interest in digital assets from institutional and retail investors, custody options have also experienced parallel growth. As a result, different kinds of custody choices have evolved as the market changes, and new providers are working to establish the structures and controls that are most effective for particular markets and offerings. Self-custody, exchange wallets and third-party custodians are the various choices available for users to safeguard their cryptocurrencies. Custodians in the world of digital assets function similarly to traditional financial markets in that their primary duty is to…

Bitcoin Selling Pressure Exhausted? This Metric May Hint So

boss

The on-chain data for the stablecoin redemptions during the recent price plunge could suggest there aren’t many Bitcoin holders selling anymore. Stablecoin Redeem Count Has Remained Low Recently As pointed out by an analyst in a CryptoQuant post, large stablecoin redemptions have usually accompanied major declines in the Bitcoin price during this bear market. A stablecoin is said to be “redeemed” when an investor exchanges the token for fiat through the issuer of said coin. Investors usually use stablecoins when they want to escape the volatility associated with tokens like…