Month: June 2023

Crypto mass adoption is coming, but how fast?

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Cryptocurrencies must reach mass adoption to unlock their maximum potential as a network technology and their value as financial assets.  As with other technologies, the adoption of crypto follows a classic bell curve: Starting from a small number of innovators, it grows as early adopters embrace it, moving into mass adoption as it expands to the early and late majority. Finally, it reaches those lagging behind in its final phase. Since its launch 14 years ago, Bitcoin’s (BTC) adoption has dramatically increased. The cryptocurrency has gone from being a fringe…

How Much Is Too Much to Spend on FTX’s Bankruptcy?

“Alvarez & Marsal have been charging Celsius $1.7 million per month,” Kuvari found, “And charging FTX $11 million a month.” Similarly to the comparison with Enron, this means A&M is charging about six times as much on a bankruptcy involving only about 50% more liabilities. On a percentage basis, A&M took around 11% of fees in the Celsius bankruptcy, but is getting about 30% of the FTX fees. Source

Revisiting the history Of Bitcoin and exploring the future of Alex The Doge

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The cryptocurrency universe has undergone a seismic shift since the inception of Bitcoin in 2009. The market has grown exponentially, adding thousands of unique digital currencies, each vying for its share. One such project is Alex The Doge, a platform that blends meme culture, gaming, and decentralized finance (DeFi). Let’s delve into the history of Bitcoin and explores what Alex The Doge offers. >>>>Buy ALEX presale now<<<< History of Bitcoin In 2009, an individual or group known…

Lawmakers in Canada Push Government To Promote Use of Blockchain and Cryptocurrency

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Canadian lawmakers from the House of Commons say that the government should embrace blockchain technology and crypto following a comprehensive study of the digital assets industry. In a new report, the members of the Standing Committee on Industry and Technology say that the testimonies they gathered indicate that blockchain technology is already changing the digital landscape of Canada. They also recommend that the government recognize blockchain as an emerging industry that offers significant long-term economic and job creation opportunities. “The Committee heard about the real contributions that blockchain technology is…

Don’t be naive — BlackRock’s ETF won’t be bullish for Bitcoin

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There is no doubt that BlackRock’s spot Bitcoin exchange-traded fund (ETF) application — and the flood of contenders that followed — has buoyed the bulls. It could signal the winds of change in the regulatory sphere, they say. It could bring Bitcoin exposure to the masses, they holler.  While there might be some truth in these statements, we need to take a step back and look at the bigger picture. We should not be in a world where the mere possibility of a spot Bitcoin ETF coming to fruition in…

South Korea  enacts comprehensive laws to protect crypto users

South Korea’s National Assembly has officially approved new legislation to safeguard users of virtual assets and amend the country’s capital market law. It prohibits unjust trading practices and provides user protection.  The “Capital Market and Financial Investment Business Act” has also been revised to impose penalties of up to double the profits from unfair trading, such as stock price manipulation. South Korea approved its first standalone digital-asset bill to boost investor protection just over a year after the implosion of tokens created by countryman Do Kwon exacerbated a $2 trillion…

BCH, FTT, COMP Led Crypto Market Gains in June

June has not only seen the two largest crypto exchanges, Binance and Coinbase, under fire from the U.S. Securities and Exchange Commission, which caused altcoins to dip, but has also witnessed a number of large institutions pushing further into crypto toward the end of the month, igniting positive sentiment. Bitcoin rose as a result, touching a one-year-high above $31,000 a few days after BlackRock, the world’s largest asset manager, applied for a spot ETF on June 15. Source

US SEC deems spot Bitcoin ETFs filings as inadequate: Report

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There may be a longer wait for a spot Bitcoin exchange-traded fund (ETF) in the United States as the Securities and Exchange Commission (SEC) labeled investment managers’ recent applications inadequate. According to the Wall Street Journal, the securities regulator told the Nasdaq and the Chicago Board Options Exchange (Cboe) that their filings are not “sufficiently clear and comprehensive.” These exchanges represent asset managers in the filing of the financial product. In the eyes of the SEC, the exchanges should have named the spot Bitcoin exchange with which they would have…