Tag: Overstated

Bitcoin ETF’s impact overstated, Ethereum set to surprise skeptics

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A report from America’s largest bank said spot Bitcoin ETF flows in Canada and Europe hint at what to expect in the U.S., adding that upcoming Ethereum upgrades beckon more interest in ETH. Analysts at JPMorgan foresee a lackluster performance from spot Bitcoin ETFs should the U.S. Securities and Exchange Commission (SEC) approve applications from some 13 issuers in early 2024. Also, the Bitcoin (BTC) halving is already priced in and will likely have no further price impact, according to Chase Bank.  The report’s prediction pivoted from general crypto-native sentiment,…

Crypto Funding for Hamas, Terrorist Groups Overstated

Reports of tens of millions of dollars in crypto going to fund Palestinian operations in Israel are likely “overstated,” Chainalysis said. The forensics outfit published a blog post arguing that flows of crypto financing to Hamas and affiliated groups have become inflated far beyond reality. While acknowledging that it was crucial to stop any financing of terror through crypto, Chainalysis said it was also important to understand how such funding actually works, lest it lead to misconceptions. Source

British Lawmakers Say a CBDC Is Likely to Hurt Financial Stability — Digital Pound Benefits Overstated – Fintech Bitcoin News

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According to British lawmakers, a central bank digital currency (CBDC) is likely to raise the cost of borrowing while hurting financial stability. They insist the touted potential advantages of a digital pound are being overstated. Erosion of Privacy British lawmakers have said the use of a central bank digital currency when making regular payments could potentially hurt financial stability and raise the cost of borrowing, a report has said. In addition, they insist the increasing use of the CBDC could also enable the central bank to monitor spending and therefore…

New Reports Allege Bitmain Street Brawl Was Overstated

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We recently reported that Bitmain’s CFO, Luyao Liu, was arrested after allegedly partaking in a mob attack in Beijing. Recent updates suggest, however, that this was not the case. At the time, sources claimed that the attack was on the company’s ousted co-founder, Micree Zhan. Local reports suggest that Liu was taken away by police after robbing Zhan of a business license meant for the mining giant’s main subsidiary, Bitmain Beijing. What Really Happened According to CaiXin News According to CaiXin news: “According to Caixin reports, the party was Bitmain’s…

Hong Kong Crypto Trader: China Crackdown On Bitcoin Is Overstated

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China’s Crackdown On Crypto Has Been “Very Shallow” Since Bitcoin’s run-up in 2017, many have bashed China for its rapid shift to be averse towards this innovation, with cryptocurrency proponents quickly bashing the nation for its close-mindedness. However, this seemingly changed, when Michael Gu, the showrunner at crypto-centric media source BoxMining, sat down with Genesis Block’s head trader Charles to get an insider insight into Hong Kong’s local institutional crypto economy. Interestingly and funny enough, Charles painted a picture that wasn’t as bearish as it seems, especially in terms of Beijing’s Bitcoin-related…