Crypto wallet linked to Mt. Gox hack moves 10,000 BTC
On November 23, a crypto wallet belonging to the defunct crypto exchange BTC-e sent 10,000 Bitcoin, which is now valued at over $165 million, to multiple exchanges, personal wallets, and other sources. According to a Chainalysis report published on November 23, while this is the largest withdrawal made by BTC-e since April 2018, BTC-e and […]
U.S Sen. Elizabeth Warren says crypto will ruin economy
Elizabeth Warren’s WSJ op-ed, which correlated the fall of the FTX to crypto ruining the entire economy, did not go unnoticed by the online crypto community. Since the situation started to fall apart days before it filed for bankruptcy on November 11, the collapse of former crypto exchange FTX has left the entire sector in […]
Central banks can use Bitcoin to fight off sanctions
Matthew Ferranti, a Ph.D. candidate at Harvard, pointed out that Bitcoin is an optimal alternative hedging asset for central banks. How central banks can use Bitcoin BTC ($16,441) was emphasized in a study report written at Harvard University.to protect against monetary penalties imposed by the issuers of fiat reserves. Matthew Ferranti, a Ph.D. candidate in […]
Bukele government unveiled a bill to launch the ‘Bitcoin bonds’
A new bill confirms the government’s plan to raise $1 billion and invest them into the construction of a “Bitcoin city.” El Salvador finally took a significant step toward the implementation of its grandiose “Bitcoin bonds” concept during the recent decline in the cryptocurrency market. A law was submitted by the Minister of the Economy, […]
Bitcoin will reach $1M by 2030 – Cathie Wood
The CEO of Ark Invest Cathie Wood still has high hopes that Bitcoin will surge in price and attain a worth of $1M by 2030, regardless of the present state of the crypto market. Despite the ongoing decline, however, Cathie Wood, founder of Ark Invest, maintains her optimistic stance about the price forecast of bitcoin. […]