Jordan Peterson says its time to scrap banks: ‘Can bitcoin fix this’
Best-selling author and clinical psychologist Jordan Peterson has ignited a debate by suggesting that customers should abandon traditional banking systems and consider adopting Bitcoin. This statement came in response to news that Macquarie Bank, Australia’s fifth-largest bank, plans to transition to a digital-only banking system by November 2024, phasing out cash, cheques, and phone payment […]
Are we towards the end of a bear market? Technical indictors reveal a compelling picture
The bear market bottom for Bitcoin has passed, and indications suggest that we are heading towards a new phase. One critical factor that validates this is the supply in profit and loss. Historically, bear market bottoms have occurred when around 40-45% of Bitcoin’s supply is in profit. Surprisingly, at present, this percentage stands at 60.5%. […]
Gary Gensler is turning SEC into ‘Banana Republic’ says New York Post
According to the New York Post, corrupt practices resembling those found in “banana republics” are allegedly taking place within the US Securities and Exchange Commission (SEC) under the leadership of Gary Gensler. Gensler’s efforts to “fix markets” and his strong stance against cryptocurrencies have drawn criticism and pushback from various quarters. A senior correspondent and […]
Mark Cuban hit by hot wallet hack, loses $870,000 worth of crypto
Billionaire investor and Dallas Mavericks owner Mark Cuban fell victim to a hot wallet hack, losing approximately $870,000 worth of cryptocurrency. The hack was first identified by blockchain investigator Wazz, who noticed suspicious activity in one of Cuban’s wallets that hadn’t been used for several months. Within a ten-minute period, various assets, including USD Coin […]
Shibarium achieving milestones with 3 million transactions on Shiba Inu’s layer-2 Blockchain
Shibarium, the Layer-2 blockchain for Shiba Inu, is achieving significant milestones with nearly 3 million transactions on its mainnet. With a daily transaction rate of close to 200,000, Shibarium boasts a smooth operation and a 5-second average block production time, even in the face of high demand. The blockchain currently has over 1.2 million active […]
90% of crypto market’s liquidity controlled by just 8 players
A recent report has highlighted that approximately 90% of the cryptocurrency market’s liquidity is controlled by just eight centralized exchanges (CEX). These exchanges include Binance, Coinbase, Kraken, OKX, KuCoin, Bybit, Binance.US, and Bitfinex. This concentration of liquidity among a few entities raises concerns about the decentralization of the industry. The dominance of these exchanges becomes […]
153-year-old banking giant Deutsche Bank is offering secure storage for digital assets
Deutsche Bank, a 153-year-old banking giant with nearly $1.5 trillion in assets, has entered the world of cryptocurrency by offering custody services for its clients’ digital assets. The bank has partnered with Swiss crypto firm Taurus to provide these services and address tokenized assets in addition to cryptocurrencies. Paul Maley from Deutsche Bank emphasized the […]
Tokenized assets hit All-Time High of $3 Billion
The tokenization of real-world assets (RWA) continues to thrive, with the value of tokenized assets reaching an all-time high of over $3 billion. Despite the crypto bear market, RWA tokenization remains a major growth area in the industry. Real-world assets are physical assets that are bought and sold on-chain. According to Galaxy Research, the total […]
Binance US Denied ownership of BHL/Ceffu? Are they guilty of lying to the Courts?
According to Adam Cochran, there are claims that Binance US is denying ownership of BHL/Ceffu to the SEC. Ceffu is owned by Bifinity UAB, which is an EU registered entity formerly known as Binance Connect. SEC filings indicate that Helen Hai, Binance’s head of global fiat, is running Bifinity. Binance US claims that they do […]
12,000% returns ever since Cathie Wood’s made historic Bitcoin investment
Cathie Wood’s decision eight years ago to invest in Bitcoin through Ark Invest’s ETF has proven to be a major milestone. At the time, Bitcoin was trading between $200 and $300 per coin, and Wood saw the potential of the digital currency when it was still relatively unexplored by traditional investment vehicles like ETFs. Her […]