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Bitwise CIO sees Bitcoin volatility halving as institutional investments surge
2 weeks ago 1 min read

Bitwise CIO sees Bitcoin volatility halving as institutional investments surge

Bitwise’s Chief Investment Officer, Matt Hougan, forecasted a 50% reduction in Bitcoin’s volatility as a result of institutional participation. Hougan reiterated his $250,000 Bitcoin price projection in a comprehensive investment report for the upcoming years. Prior to the 2024 halving event, Bitcoin achieved unprecedented peaks. Hougan anticipates that these sudden increases will persist beyond the halves of Bitcoin, a trend that has been observed since the halving event in 2012 when Bitcoin was valued at $13. Hougan emphasized the significance of spot Bitcoin ETFs, which are highly appealing to large-scale institutional investors. Their commitment lies on stabilizing cryptocurrencies through the

Key crypto venture investors spend $12 million in Shiba Inu's blockchain initiative
2 weeks ago 1 min read

Shiba Inu secures $12M to develop a pioneering layer 3 blockchain

Key crypto venture investors spend $12 million in Shiba Inu’s blockchain initiative. This investment strengthens the Shiba Inu crypto ecosystem, which includes the SHIB token, by developing its layer 3 blockchain. Polygon Ventures, Mechanism Capital, and Animoca Brands contributed to a TREAT token pre-sale. These investments show faith in the project’s crypto innovation potential. Fully Homomorphic Encryption will enable computations on encrypted data making the forthcoming blockchain secure and private. It plans to build a testnet in late 2024 and a mainnet after comprehensive testing to prove its reliability and effectiveness. Possibly worth $200 million, the project’s fundraising phases demonstrate

Grayscale debuts Bitcoin Mini Trust with 0.15% fees to revitalize its ETF offerings
2 weeks ago 1 min read

Grayscale debuts Bitcoin Mini Trust with 0.15% fees to revitalize its ETF offerings

Grayscale launches the “Grayscale Bitcoin Mini Trust,” a cheaper Bitcoin trust with a 0.15% charge. This launch attempts to strengthen its status amid market instability and the Bitcoin halving event. After a week of net outflows, U.S. spot Bitcoin ETFs had positive inflows on Monday, April 22, 2024. Furthermore, these ETFs received $62 million in inflows that day, according to SoSoValue. The Fidelity Wise Origin Bitcoin Fund (FBTC) led with $34.83 million inflow, while other funds performed well. Even while other stocks were up, the Grayscale Bitcoin Trust ETF (GBTC) lost $35 million. Overall, spot Bitcoin ETFs had a net

PayPal unveils plan to boost eco-friendly Bitcoin mining with extra rewards
2 weeks ago 1 min read

PayPal unveils plan to boost eco-friendly Bitcoin mining with extra rewards

PayPal‘s Blockchain Research Group proposes giving sustainable energy miners more Bitcoin to decrease Bitcoin mining’s environmental effect. The concept targets Bitcoin’s energy-intensive proof-of-work technology. Set aside more Bitcoin incentives for “green miners” that use renewable energy and have unique cryptographic hashes called “green keys.” The green miners’ multi-sig wallet would contain extra Bitcoin only accessible with green keys. These transactions would have cheaper costs to attract miners and promote greener Bitcoin mining. Critics of the plan say many miners are already switching to greener techniques without incentives and worry about non-green miners processing these transactions if low fees are not

Two SEC lawyers resigned after a Utah federal judge accused the agency of "gross abuse" of power in a case against crypto firm Debt Box.
2 weeks ago 1 min read

Two US SEC lawyers resign after a Utah judge blasts the agency for power abuse in a crypto case

Two US SEC lawyers resigned after a Utah federal judge accused the agency of “gross abuse” of power in a case against crypto firm Debt Box. The case accused Debt Box of defrauding investors of $49 million but was marred by false statements. The judge reprimanded the SEC’s actions, highlighting a significant misuse of authority by the SEC attorneys. The SEC dismissed the lawsuit, but the overseeing judge has yet to respond. This incident underscores the strained relationship between the SEC and the crypto industry, with frequent clashes with entities like Coinbase. It also questions the effectiveness of current regulatory

Ripple counters SEC's hefty $2B fine with a modest $10M proposal in a landmark case
2 weeks ago 1 min read

Ripple counters SEC’s hefty $2B fine with a modest $10M proposal in a landmark case

Ripple has defended itself against the SEC’s demand for roughly $2 billion in fines for selling its cryptocurrency, XRP, to institutional investors without registration. The corporation submitted a lengthy 186-page statement accepting the court’s decision and adjusting its business procedures appropriately. Ripple contests the SEC’s request for disgorgement, claiming that there is no proof of financial loss to investors as a result of Ripple’s conduct. The corporation argues for a far lesser civil penalty than the SEC seeks, stating that $10 million is consistent with precedent and the nature of the violation. The XRP legal community supports Ripple’s argument, with

FTX investors are willing to drop their case against SBF provided he assists in legal proceedings against celebrities who endorsed FTX
2 weeks ago 1 min read

FTX exchange investors might drop lawsuit against SBF if he aids case against celebrity endorsers

FTX exchange investors are willing to drop their case against Sam Bankman-Fried provided he assists in legal proceedings against celebrities who endorsed the exchange. The proposed settlement included Bankman-Fried offering significant evidence against Tom Brady, Shaquille O’Neal, and Gisele Bundchen, who are accused of sponsoring a Ponzi scheme. As per the suggested agreement, Bankman-Fried would provide comprehensive information on FTX’s activities and associated entities, provide relevant investment records, and submit a sworn statement verifying his financial liabilities exceeding his assets. As a result, all existing and prospective accusations against him would be dropped. The settlement agreement, which is part of

The recent halving of Bitcoin has resulted in a significant increase in transaction costs
2 weeks ago 1 min read

Post-halving, Bitcoin fees soar, driving users to seek cheaper alternatives

The recent halving of Bitcoin has resulted in a significant increase in transaction costs, over $100, which has raised considerable apprehension among users. The growth in popularity has resulted in a rise in searches for “Bitcoin fees” on Google Trends and conversations on Santiment, a social networking platform. On April 20th, the exorbitant fees surged to an unprecedented level of $127.97, causing more than half of the Bitcoin addresses to become inactive. Consequently, there have been discussions over substitutes for Bitcoin that provide reduced transaction costs. Vik Sharma, the inventor of Cake Wallet, highlighted the use of crypto such as

Adidas remains committed to the metaverse, launching NFTs as others exit
2 weeks ago 1 min read

Adidas remains committed to the metaverse, launching NFTs as others exit

Amidst the waning enthusiasm for NFTs and the metaverse, many firms have chosen to withdraw, with prominent individuals either leaving or redirecting their attention elsewhere. However, Adidas has chosen to stay. The compay has collaborated with the STEPN program, which allows users to earn rewards by being physically active, to introduce 1,000 non-fungible tokens (NFTs) that symbolize Adidas footwear on the Solana blockchain. The digital assets necessary for STEPN’s activities that allow users to earn rewards were first introduced at 10,000 GMT. Their approximate value in USD, based on current exchange rates, is $2,400. Evgeniy Medvedev, who formerly worked at

The Reserve Bank of New Zealand has started a new stage in investigating the implementation of a CBDC
3 weeks ago 1 min read

New Zealand’s Reserve Bank launches consultation for a digital dollar, eyeing a 2030 release

The Reserve Bank of New Zealand has started a new stage in investigating the implementation of a central bank digital currency (CBDC), with the objective of launching it by 2030. The implementation of the digital NZD would provide seamless exchanges between digital and physical currency as well as bank deposits. This system would be overseen by the Reserve Bank in collaboration with commercial banks and payment service providers. The Reserve Bank places a strong emphasis on privacy and security, assuring that it would not engage in monitoring individual expenditure. The central bank digital currency (CBDC) seeks to serve as a

Bitcoin is approaching its most stable halving event
3 weeks ago 1 min read

Bitcoin approaches a calm halving, marked by record transactions and steady growth

Bitcoin is approaching its most stable halving event, which suggests the beginning of a new age characterized by sustained growth and high market trust. The level of confidence that the general public has in Bitcoin has risen, as shown by the establishment of new records in transaction volumes and the steady climb in its price. The current year exhibits double the level of volatility compared to 2020, while maintaining a high level of overall activity. The network experiences a large volume of transactions with high monetary worth, mostly driven by the increasing value of Bitcoin. This suggests a level of

Investing, Crypto, and Financial Freedom" by Faouz Rejeb
3 weeks ago 2 mins read

Financial Freedom Unlocked: “Investing, Crypto, and Financial Freedom” Becomes a Bestseller

Have you ever dreamt of financial freedom? Imagine a life where you control your time, your money, and your destiny. “Investing, Crypto, and Financial Freedom” by Faouz Rejeb, a book sparking a buying frenzy, might just be your roadmap to achieving that dream. Born from insightful conversations about navigating the ever-evolving world of finance, this isn’t your average dry finance book. It is a book that serves as a beacon for anyone seeking clarity on investment choices, particularly when it comes to the revolutionary potential of Bitcoin. No matter your financial background, Rejeb, a renowned financial analyst, unlocks the secrets

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