Erdy Wei As Bitcoin continues to solidify its position in the global financial markets, Exchange-Traded Funds (ETFs) focused on the cryptocurrency have become a go-to investment vehicle for both retail and institutional investors. These ETFs provide a convenient and regulated way to gain exposure to Bitcoin without the complexities of direct ownership. In 2024, the performance of … Read more
Bitcoin demand in the United States has seen a notable uptick following Federal Reserve Chairman Jerome Powell’s recent speech at the Jackson Hole symposium. However, this increase hasn’t yet spilled over into the broader crypto market. According to a report by CryptoQuant, Bitcoin (BTC) has gained traction largely due to heightened interest from U.S. investors. … Read more
Thai authorities have raided an illegal Bitcoin mining operation in Ratchaburi, a city in the western region of Bangkok, following numerous complaints from local residents about persistent power outages. The raid, which took place on August 23, 2024, revealed that the illegal Bitcoin mining activity was likely the cause of the ongoing blackouts that had … Read more
Murad Mahmudov, a former analyst at Goldman Sachs, has made a bold prediction, stating that Shiba Inu (SHIB) will surpass Dogecoin (DOGE) in the next crypto bull run. Currently, Dogecoin ranks as the eighth-largest cryptocurrency, boasting a market capitalization of $15.8 billion. Meanwhile, Shiba Inu holds the 13th position with a market cap of $8.8 … Read more
Misconceptions About Bitcoin’s Volatility, Security, and Usage Since its inception in 2009, Bitcoin has captivated the world, drawing a mix of admiration, skepticism, and controversy. As the first and most prominent cryptocurrency, Bitcoin has faced its fair share of myths and misconceptions. These misunderstandings often stem from its volatile nature, the perceived lack of security, … Read more
A Practical Guide for 2024 Cryptocurrency has emerged as one of the most talked-about investment opportunities of the past decade. The allure of high returns, coupled with the fear of missing out (FOMO), has driven many to dip their toes into the volatile waters of digital currencies. But as we move into 2024, the question … Read more
Brian Brooks, the former CEO of Bitfury, believes that the price volatility of XRP is as irrelevant as the fluctuations in Google’s stock were in its early days. Brooks argues that cryptocurrencies should be viewed as long-term investments in a decentralized financial system rather than short-term speculative assets. In a recent discussion at The Aspen … Read more
Why Some View Bitcoin as a Store of Value Similar to Gold Over the past decade, Bitcoin has emerged as a disruptive force in the financial world. Originally conceived as a peer-to-peer electronic cash system, Bitcoin has since evolved into something much more profound: a digital store of value, often compared to gold. The term … Read more
An In-Depth Examination Cryptocurrency, once hailed as a revolutionary financial innovation, has become a subject of intense debate and scrutiny. While it has created immense wealth for some, the downsides of this digital asset class have increasingly come to the forefront. From environmental concerns to its role in illicit activities, and the volatility that has … Read more
The cryptocurrency market is gaining strength as the Federal Reserve’s interest rate decision, scheduled for September 2024, approaches. Four crypto assets are predicted to potentially triple in value before the announcement. This is largely driven by expectations that a lower interest rate decision could boost market liquidity, particularly for high-risk assets like cryptocurrencies. Even before … Read more