Tag: Report

Bitcoin advocate rebuts IMF Report on crypto carbon emissions

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A recent International Monetary Fund report claiming a surge in carbon emissions from AI and crypto usage has sparked a rebuttal from Bitcoin advocate Daniel Batten.  The report suggests that regulators should impose a ‘crypto carbon’ tax due to the alleged environmental impact of Bitcoin (BTC) mining. Batten argued that the report is based on flawed comparisons and outdated data, going on to criticize the IMF’s use of a “guilt by association” technique, equating the carbon footprint of Bitcoin mining with that of AI data centers without contemporary evidence. Batten…

Man Sentenced to Prison After Spending Most of $6,900,000+ Mistakenly Sent by Major Crypto Exchange: Report

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A 39-year-old cryptocurrency enthusiast who splurged millions worth of erroneously transferred funds will reportedly spend three years in prison after pleading guilty in a court in Australia. Local news site News.com.au reports that in 2021, Jatinder Singh tried to deposit around $65 into his Crypto.com portfolio using his then-partner Thevamanogari Manivel’s Commonwealth Bank account. The transfer was rejected because the names did not match, but when Crypto.com refunded Singh, the exchange sent $6.91 million because a staff member mistakenly typed Manivel’s bank account number instead of the $65 in the…

Trump Organization to Launch a Cryptocurrency Initiative, Eric Trump Says: Report

Eric Trump, the son of former President Trump and executive vice president of the Trump Organization, teased the coming project in an interview with the Post, but declined to share any specific details, saying only that the “moment everything is final and ready to go” the crypto project will be publicly announced. He hinted that the project could involve “digital real estate,” suggesting that people may be able to lend or borrow funds through it. Source

Bitfinex Report Examines Bitcoin’s Local Bottom Amid Market Rebound

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Crypto exchange Bitfinex’s latest Alpha report examines various key metrics, providing insights into whether bitcoin may be approaching a local bottom. “Overall, these metrics underline the deep bearish sentiment and stress among short-term investors, which usually occurs at local bottoms,” the report states. Bitfinex Report Analyzes Bitcoin’s Rebound and Potential Local Bottom Crypto exchange Bitfinex […] Original

Bitcoin Holders Tighten Their Grip, Glassnode’s Latest Report Reveals

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The latest onchain report from the analytics firm Glassnode highlights a resurgence in the holding (referred to as ‘HODLing’ in the report) behavior among bitcoin market participants, particularly long-term holders, despite the ongoing market volatility. Onchain data reveals that, following months of significant distribution pressure, the trend is now shifting back toward accumulation. Report Shows […] Original

Global volatility slows Bitcoin, but Ethereum could surge: report

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Per a recent Copper Research report, Bitcoin’s price movement has been stagnated by global events, and Ethereum’s limiting supply could lead to a price surge.  The latest issue of Copper Research’s “Opening Bell” report highlights that despite Bitcoin’s (BTC) resilience against the German government’s sale of 40,000 coins, overall market conditions have been challenging, erasing gains made since Bitcoin’s all-time high in March. The report suggests that Bitcoin has little buying activity due to heightened market volatility driven by a series of global events. These events include the U.S. election,…

Bitcoin Faces ‘Mid-Cycle Wipeout’ as Markets Plunge: Glassnode Report

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The latest report from onchain analysis firm Glassnode highlights a significant market downturn, marked by a 32% decline in bitcoin’s value, the largest drawdown of the current cycle. The study underscores the critical impact of this downturn on investor sentiment and the broader market dynamics. Glassnode Report: Bitcoin’s 32% Plunge Signals Mid-Cycle Market Low Glassnode‘s […] Original

Report States Salvadoran Economy Slowed, Purchasing Power Down as Bukele Fights Inflation

A report by FUNDE, an investigative organization in El Salvador, has highlighted that the Salvadoran economy will grow less this year due to a decrease in public investment in infrastructure. Additionally, FUNDE claimed that the purchasing power of Salvadorans is being affected by rising inflation, which is one of the highest among dollarized economies. FUNDE […] Source CryptoX Portal