ECB Economists: Bitcoin Fails to Become Global Decentralized Digital Currency, BTC’s Fair Value Is Still Zero

ECB Economists: Bitcoin Fails to Become Global Decentralized Digital Currency, BTC's Fair Value Is Still ZeroThe European Central Bank (ECB) has published a blog post claiming that “bitcoin has failed to fulfill its original promise to become a global decentralized digital currency.” The ECB economists who authored the post added that bitcoin’s fair value is still zero and bitcoin transactions are “still inconvenient, slow, and costly.” Moreover, they asserted that […]

Go to Source

Pantera Capital Predicts ‘Strong’ Crypto Bull Market Over Next 18-24 Months

Pentera Capital Predicts 'Stong Bull Market for Crypto' in 18-24 MonthsAmerican hedge fund Pantera Capital has predicted “a strong bull market” for cryptocurrencies over the next 18-24 months. “With the halving expected to occur in late April 2024, we believe the convergence of these positive things will provide strong tailwinds for the next bull market,” said Pantera founder Dan Morehead. Pantera’s Bull Market Prediction Pantera […]

Go to Source

Robert Kiyosaki Says If Bitcoin Crashes He Would Be Happy and Buy More

Robert Kiyosaki Says If Bitcoin Crashes He Would Be Happy and Buy MoreRich Dad Poor Dad author Robert Kiyosaki has explained what he will do if the price of bitcoin crashes. The famous author has been recommending bitcoin alongside gold and silver for quite some time, and he recently increased his bitcoin holdings following the approval of U.S. spot bitcoin exchange-traded funds (ETFs). Robert Kiyosaki: ‘Sale’ Is […]

Go to Source

Microstrategy Chairman Says Bitcoin Is Superior to Other Asset Classes — Expects Capital to Keep Flowing Into BTC

Microstrategy Chairman Says Bitcoin Is Superior to Other Asset Classes — Expects Capital to Keep Flowing Into BTCMicrostrategy’s executive chairman, Michael Saylor, sees bitcoin as “the strongest asset.” He believes that capital is going to keep flowing from other asset classes, such as gold and real estate, into bitcoin because the cryptocurrency is “technically superior to those asset classes.” He emphasized that bitcoin is an exit strategy and Microstrategy has no plan […]

Go to Source

Legal Action Forces US Energy Department to Suspend Crypto Mining Investigation

Legal Action Forces US Energy Department to Suspend Crypto Mining InvestigationFollowing legal action initiated by Riot Platforms and the Texas Blockchain Council against the U.S. Department of Energy (DOE), the department’s statistical branch, the Energy Information Administration (EIA), has put a temporary hold on its bitcoin mining survey and quarantined the data gathered to date. DOE Puts Bitcoin Mining Inquiry on Hold Amid Legal Challenges […]

Go to Source

Bitcoin’s Scalability Foreseen by Satoshi Nakamoto to Outpace Visa, Historic Email Reveals

Bitcoin's Scalability Foreseen by Satoshi Nakamoto to Outpace Visa, Historic Email RevealsThis week, crypto enthusiasts and historians alike have found themselves enraptured by the wealth of newly released emails from Satoshi Nakamoto, uncovering the visionary’s early efforts with Bitcoin. Specifically, one email, identified as number #3, offers unparalleled glimpses into Nakamoto’s considerations regarding Bitcoin’s scalability, economic framework, and prospects. Emails Suggest Satoshi Nakamoto Was Quite Confident […]

Go to Source

Stablecoin Market Jumps by Over $2.5 Billion in 10 Days, Led by Rise in Key Players

Stablecoin Market Jumps by Over $2.5 Billion in 10 Days, Led by Rise in Key PlayersIn the opening fortnight of February, the stablecoin domain expanded by $1.7 billion, marking a significant rise. The value of the fiat token crypto market has once again risen witnessing an increase exceeding $2.5 billion over the past ten days. Specifically, three stablecoins have driven this upswing, with the stablecoin ethena usde at the forefront […]

Go to Source

Weekly NFT Sales Rise 17% With Bitcoin Climbing Back to Second in Volume

Weekly NFT Sales Rise 17% With Bitcoin Climbing Back to Second in VolumeBased on the most recent international standings and weekly figures, sales of non-fungible tokens (NFTs) have surged by 17.66% in the past week, amassing slightly more than $306 million in sales. This uptick marks a jump from last week’s 16.8% rise in NFT sales, with the leading blockchains in terms of volume — Ethereum and […]

Go to Source

Lejilex and Crypto Freedom Alliance of Texas Sue SEC for Unlawfully Targeting the Digital Asset Industry

Lejilex and Crypto Freedom Alliance of Texas Sue SEC for Unlawfully Targeting the Digital Asset IndustryLejilex and the Crypto Freedom Alliance of Texas, a crypto nonprofit, have teamed up to introduce a complaint against the actions of the SEC towards actors in the digital asset industry in America. The complaint alleges that the SEC has no regulatory powers over these crypto companies, having usurped functions not given to it by […]

Go to Source

Coinbase on Grayscale Ethereum Spot ETF Application: “ETH Is a Commodity, Not a Security”

Coinbase on Grayscale Ethereum ETF Application: "ETH Is a Commodity, Not a Security"Coinbase has answered the SEC request for comments on the proposed rule change to list the ETH Grayscale Fund as a spot ETF. Coinbase stated that ether was a commodity, and its status has been publicly recognized in a variety of circumstances by U.S. agencies and courts. Coinbase Supports Ethereum Grayscale Fund Conversion as a […]

Go to Source