Day: February 6, 2025

Bitcoin Reserve Will Lead To ‘Pain In Under 2 Years’: Arthur Hayes

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Este artículo también está disponible en español. In his latest essay entitled “The Genie,” crypto entrepreneur and former BitMEX CEO Arthur Hayes denounced calls for a United States Bitcoin Strategic Reserve (BSR), warning that such a program would create “unnecessary pain in under two years” and transform the world’s largest cryptocurrency into a potent political weapon. Hayes also cautioned the industry against pursuing what he deems to be an overcomplicated “Frankenstein crypto regulatory bill,” which, he argues, would primarily benefit large centralized institutions rather than foster true decentralization. A “Terrible…

Czech central bank’s Bitcoin reserve plan may take months, exposure cut to under 1%: report

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The Czech central bank is reviewing a Bitcoin reserve plan that may take months, with potential exposure set to be well below the originally suggested, sources say. The Czech central bank’s Bitcoin (BTC) adoption plan may take months to finalize, with exposure expected to be much lower than the initially suggested 5%. Governor Ales Michl first floated the idea in an interview with the Financial Times. The proposal sparked excitement in the crypto space but faced skepticism from policymakers. European Central Bank President Christine Lagarde dismissed it, saying that “reserves…

Can Corporate Hype Push a Bull Run?

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Standard Chartered envisions a $200K target for Bitcoin by the year’s end. Their analysis suggests that $BTC’s volatility is going to reduce massively now that the US ETF market matures and turns one year old. Another reason the banking group is bullish on Bitcoin is the improving ease of access to $BTC under the pro-crypto Trump regime. Bitcoin is quickly becoming a corporate golden goose, with the likes of Michael Saylor racing to own as much Bitcoin as possible. Even better, Standard Chartered believes that Trump’s stay in the White…

Crypto Remittances Fail to Gain Momentum in El Salvador

According to the Reserve Bank of El Salvador, the use of crypto to make remittances to the country has consistently accounted for less than 1% of the total share since October 2024. Adoption of Crypto for Remittances Falters in El Salvador Crypto remittances, one of the main use cases for promoting bitcoin worldwide, have failed […] Source CryptoX Portal

Bitcoin Volatility ‘Relatively Low’ Despite Market Shakeouts

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Este artículo también está disponible en español. Amid the recent market shakeouts, Bitcoin (BTC) has shown strength, remaining near the crucial $100,000 barrier during its drops. While the flagship cryptocurrency is momentarily expected to continue its horizontal trajectory, some analysts forecast that BTC’s next leg up might start once it reclaims the recently lost key level. Related Reading Bitcoin Volatility Lower Than Q1 2024 The post-election pump saw the crypto market jump to new highs, with Bitcoin leading the climb. Two months ago, the flagship cryptocurrency crossed the $100,000 barrier…

Shiba Inu and Dogecoin Could Be Poised for a Major Comeback – Here’s Why

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Satoshi May Have Used a Canadian Bitcoin Exchange

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Conor Grogram, head of product business operations at Coinbase has unearthed evidence that suggests Satoshi may have used Cavirtex, an early Canadian bitcoin exchange that was initially purchased by New York-based Coinsetter in 2015 before being subsequently acquired by Kraken in 2016. Grogram used on-chain analysis to determine that a Satoshi wallet that starts with […] Original

Erik Voorhees’s Venice Token Faces Pump and Dump Allegations

Onchain data reveals how a group of alleged insiders raked in profits after selling $10.2 million worth of the Venice token immediately after it launched. Venice Insiders Accused of Dumping Over $10M Worth of Tokens Amir Ormu, an onchain analyst with crypto marketing firm Castle Labs revealed that insiders at crypto artificial intelligence (AI) startup […] Source CryptoX Portal

Total App Revenue Climbs To $840M In Record-Breaking Quarter

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Este artículo también está disponible en español. A recent report by market intelligence firm Messari has highlighted an extraordinary performance by Solana (SOL) during the fourth quarter of 2024, characterizing it as potentially the best quarter for any blockchain in history.  Solana Becomes Second-Largest DeFi Network The report reveals a staggering 213% quarter-over-quarter (QoQ) growth in Chain GDP—essentially the total app revenue generated on the Solana network—rising from $268 million in Q3 to an impressive $840 million in Q4. November stood out as the most lucrative month, contributing $367 million…

Bitcoin ETF inflows cool off amid uncertainty over Trump’s strategic BTC reserve plans

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Inflows into spot Bitcoin exchange-traded funds in the U.S. slowed down on Feb. 5 following remarks from Trump’s crypto policy advisor regarding the potential implementation of a national strategic Bitcoin reserve. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $66.38 million in net inflows on Wednesday, 80% lower than the $340.82 million inflows seen over the previous day. The majority of inflows came into BlackRock’s IBIT with $44.35 million entering the fund.  WidomTree’s BTCW and Fidelity’s FBTC also contributed to the positive momentum with inflows of $11.38…