Forbes Identifies XRP, ADA, BCH, LTC, Among 20 Crypto Zombies
Forbes lists 20 cryptocurrencies “zombie blockchains” in detail. Despite high market valuations, XRP and Ethereum Classic fail to provide real-world utility. Prominent business publication Forbes, known for its insightful analysis of financial markets, has recently disclosed an all-encompassing report that illuminates the mysterious realm of cryptocurrencies. Forbes has identified a subset of cryptocurrencies in this […]
Pro-XRP Lawyer Critiques Bitcoin, Deems It Overhyped
Pro-XRP lawyer Bill Morgan recently posted on X expressing his dismay with Bitcoin. The XRP lawyer considers the token to be overhyped. Contrary to Bitcoin’s overwhelming dominance in the global cryptocurrency domain, a compelling development occurred when pro-XRP attorney Bill Morgan criticized the world’s first digital currency on X. Per the post shared today, April 27, Morgan stated […]
Michael Saylor: BTC Offers Hope for Japan Amid Yen 34-Year Low
Social media enthusiasts urge the Japanese to consider Bitcoin as an alternative “sound money” with the declining value of the Yen. The global macros continue to exhibit troubling signs, with the Japanese Yen falling to a 34-year low against the US dollar. Moreover, the strong USD is fueling the Yen’s weakness. The persistent inflation in […]
DTCC Says Bitcoin-Linked ETFs Offer Zero Loan Collateral Value
DTCC’s update on collateral values for some securities, particularly ETFs with Bitcoin or other cryptocurrencies as assets, stirs concerns in the financial industry. The financial services firm DTCC has made it clear that it will assign zero collateral to exchange-traded funds (ETFs) with exposure to Bitcoin or cryptocurrencies and will grant no loans against them. DTCC Dealing Bitcoin […]
Metaplanet, a Japanese Corporation, Acquires $6.25M in Bitcoin
Metaplanet Inc. invests $6.25 million in Bitcoin, marking a strategic shift in its financial strategy and an embrace of the digital asset ecosystem. Metaplanet Inc., a notable Japanese company , has entered the cryptocurrency market strategically reminiscent of industry titan MicroStrategy. However, the organization recently declared its intention to allocate a substantial quantity, precisely ¥1 billion […]