Peter St Onge, an economist and financial analyst, has explained his proposal to save the U.S. dollar from crumbling under the current central banking system. St Onge proposes returning to the gold standard, backing the total dollar issuance with gold at current prices and mandating the Treasury to repurchase it when it flows out. Economist […] Source CryptoX Portal
A Bitcoin wallet that has been dormant since 2014 suddenly woke up and moved over 174 bitcoins worth more than $102 million. Blockchain data showed that the Bitcoin (BTC) wallet that received 174.88 BTC on Jan. 8, 2014, moved funds for the first time on Aug. 16, 2024. The transfer comes after a decade, during which Bitcoin’s price soared to highs of $73,000 before retreating to current levels. Transaction cost While BTC’s initial value was nearly $142,000 in 2014, the staggering gains the flagship cryptocurrency has seen since mean that…
Litecoin (LTC) is making a strong comeback as a bullish reversal takes place, setting the stage for a potential move toward the $76.85 target. After bouncing off a critical support level, Litecoin has regained upward momentum, signaling renewed optimism among market traders. Key technical indicators now point to further gains, with $76.85 emerging as the next significant resistance level. As the market responds to this bullish shift, this article will delve into Litecoin’s bullish reversal and assess the significance of the $76.85 target and its implications for future price action.…
A recent analysis from Coinshares, spearheaded by its lead research analyst, James Butterfill, brings to light the evolving landscape of bitcoin investments among institutional investors. This report, derived from 13F filings submitted to the U.S. Securities and Exchange Commission (SEC), offers a glimpse into the strategies of key players in the bitcoin market, underscoring the […] Original
The U.S. Federal Trade Commission has banned fake reviews and recommendations. What does it mean for crypto? According to the latest news, the decision introduces financial and administrative restrictions on individuals who “sell or buy fake social media influencer indicators.” The FTC leadership unanimously supported the introduction of the new rules. They will take effect 60 days after publication in the Federal Register: Fake reviews not only waste people’s time and money, but pollute the marketplace and divert business away from honest competitors. Lina M. Khan, FTC chair The new…
According to statistics, Paypal’s PYUSD stablecoin has surpassed Tron’s stablecoin USDD becoming the sixth largest dollar-pegged token by market capitalization. Over the past ten days, PYUSD’s supply has swelled by $140.9 million. Paypal’s PYUSD Nears $1B Milestone The stablecoin asset issued by Paypal is now the sixth largest stablecoin asset today after growing significantly over […] Source CryptoX Portal
The Head of Research at the on-chain analytics firm CryptoQuant has explained why Bitcoin may be at risk of seeing a further drawdown. Bitcoin Is Still On Verge Of Bear Market In This Indicator In a new post on X, CryptoQuant Head of Research Julio Moreno has discussed the latest trend in the Bitcoin Bull-Bear Market Cycle Indicator. The “Bull-Bear Market Cycle Indicator” from CryptoQuant is an indicator based on the P&L Index. The P&L Index combines a few popular BTC metrics related to profit and loss, so it sums…
Cosmos is presently held between a rock and a hard place in the market, according to crypto analyst Alan Santana. To him, this is a very opportunistic time for long-term investors, most especially those with a bullish outlook. Related Reading He feels that ATOM is currently trading at quite a remarkable discount from the highs posted, hence positioning itself for a very compelling risk-reward entry. According to Santana, Cosmos has “a great chart” because the coin is trading very low compared to historical prices. ✴️ Cosmos (ATOM) Pre-2025 Bull-Market Accumulation…
Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com,…
On Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) pulled in $11.11 million, while ethereum ETFs faced a different outcome, with losses totaling $39.21 million during the day’s trading session. A Dive Into Thursday’s Crypto ETF Landscape U.S. spot bitcoin ETFs made a slight comeback on Thursday, drawing in $11.11 million in positive inflows. Fidelity’s FBTC […] Original