Day: March 23, 2024

Robert F Kennedy Jr Sees Cryptocurrency as the ‘Best’ Inflation Hedge — Says Crypto ‘Takes Control Away From the Government’

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U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) says cryptocurrency is the “best hedge against inflation.” He stressed that crypto “takes control away from the government and from the monopolistic banking system which uses money printing to shift wealth upward to the oligarchy of billionaires while impoverishing regular Americans.” RFK Jr. Says ‘Crypto Equals […] Source

Kenya Resists US Government’s Lobbying for Worldcoin, Considers Limiting Use of Tiktok

The U.S. government has attempted to persuade Kenyan officials to lift the suspension of Worldcoin’s operations in the country, but these overtures have been rejected, the Kenyan Interior cabinet secretary has said. The Kenyan government is also considering restricting officials’ use of the social media platform Tiktok. No Review of the Suspension Decision The Kenyan […] Source CryptoX Portal

Ripple, Cardano traders excited by Fezoo’s potential, eyes presale

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ripple and Cardano traders are captivated by Fezoo’s promising prospects, turning their focus to its presale amidst a tumultuous crypto market week. The past week reminded investors and traders of the volatility of the crypto market. After Bitcoin (BTC) fell from $70,000, it is estimated that long positions amounting to more than $809 million were liquidated in the past week amid a big market correction. This correction saw Ripple…

FTX CEO Disputes Sam Bankman-Fried’s Claims of Solvency and No Harm to Creditors

John J. Ray III, the chief executive officer of FTX Trading Ltd., has issued a strong rebuttal against former CEO Sam Bankman-Fried’s assertions regarding the company’s financial state and the impact on its creditors. FTX Chief Restructuring Officer and CEO Debunks Bankman-Fried’s FTX Solvency Claims John J. Ray III outlined the extensive efforts made to […] Source CryptoX Portal

Ethereum Sees Rise In Daily Activity, But Why Is Price Down?

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Ethereum’s network has seen notable growth recently in both daily active users and daily transaction volume, yet the price of ETH, Ethereum’s native cryptocurrency, has undergone corrections in the past few days. Notably, Ethereum is down by over 10% in the past seven days, underperforming Bitcoin and the S&P 500. While this decline can be felt through the majority of large cryptocurrencies in the industry, the number of daily active Ethereum addresses has been steadily rising over the past month.  Ethereum’s Network Activity Surges But Price Remains Stagnant An increase…

Bitcoin correction case of pre-halving peaking: analysts

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As the 2024 Bitcoin halving approaches, Bitcoin (BTC) is struggling to hold above $63,000, and the price is expected to drop even further in what is termed a “correction.” Crypto analyst Michael van de Poppe took to X to state that the current consolidation is a case of “peaking pre-halving,” and there is still time for Bitcoin to hit a new all-time high. The consolidation on #Bitcoin continues. I don’t think we’ll see much spectacle coming from Bitcoin; if we do, it will need to break $70.3K. Above, there is…

Kraken exec advocates for Bitcoin ETF in the UK

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Kraken UK managing director Bivu Das is calling for the introduction of Bitcoin exchange-traded fund (ETF) in the UK. Speaking during an interview at the Digital Asset Summit in London, Das stated that Bitcoin ETFs, which are restricted in the UK, can offer investors an opportunity to make decent returns. ICYMI: Kraken UK Managing Director Bivu Das says he’d “absolutely” like to see a #Bitcoin ETF in the UK, providing regulated access to crypto exposure currently lacking and boost UK’s crypto hub ambitions, and legitimize bitcoin for institutions. — AP…

Report: Bitcoin’s Mining Landscape Braces for Shift as Halving Could Slash 100 EH/s of Hashpower

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Based on a recent analysis, numerous outdated bitcoin mining devices likely powered up in response to the latest uptick in bitcoin’s value. However, with the anticipated block reward halving, it’s projected that around 100 exahash per second (EH/s) of computing power might be disconnected after the event. Bitcoin Miners Enjoy Revenue Boost, Yet Face Potential […] Original

‘Financial superhighway’ Bitcoin will hit $3.8m

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ARK Invest CEO Cathie Wood expects Bitcoin’s value to soar on “financial superhighway” toward $3.8 million. “If institutional investors were to allocate a little more than 5% of their portfolios to bitcoin, as we think they will over time, that alone would add $2.3 million to the projection I just gave you,” Wood said at Friday’s Bitcoin Investor Day conference in New York. In January, Wood predicted Bitcoin might reach $1.5 million by 2030. The cryptocurrency has increased by 45% since the beginning of the year and is currently trading…