Bookmarking Crypto Insights
Fidelity Investments’ Director of Global Macro sees bitcoin as “exponential gold” and “an aspiring player on the store of value team.” According to his analysis, bitcoin’s price is “driven primarily by the growth in its network, which is in turn driven by bitcoin’s unique scarcity feature, as well as the monetary and fiscal policy cycle, … Read more
In the current upward trend of the cryptocurrency market, Shiba Inu and Immutable X are showing promising growth. However, BlockDAG, a first-layer project, has quickly become the go-to for investment due to its significant long-term growth potential. With the launch of the X series miners and a presale amassing over $51.1 million, BlockDAG is making … Read more
The head of the Crypto Asset and Cyber Unit at the U.S. Securities and Exchange Commission (SEC)’s Division of Enforcement has left the agency after nine years of service. Under his guidance, the SEC took many enforcement actions against crypto firms, including major crypto trading exchanges Binance and Coinbase. SEC’s Crypto Enforcement Unit Leader Departs … Read more
JPMorgan analysts have raised concerns about the sustainability of the $12 billion year-to-date inflow into crypto assets, given the current high bitcoin prices relative to production costs and gold. The substantial inflows this year have been primarily driven by spot bitcoin exchange-traded funds (ETFs). However, much of this inflow represents a shift from crypto wallets … Read more
Democratic Representative Jamaal Bowman in New York’s 16th Congressional District has voted against three pro-crypto bills in the last 30 days. Go to Source
The country plans to have a legal framework and regulatory sandbox in place for CBDC introduction “as necessary.” Go to Source
According to Venezuelan dissidents and cryptocurrency analysts, the government of Venezuela is likely to keep using crypto to bypass the returning sanctions on oil and gold activities. Even when Nicolas Maduro’s administration seems to have been affected by corruption cases involving crypto, watchers report that these tools will keep diverting funds from regular channels. Venezuelan … Read more
According to data from a CoinShares report, weekly total outflows for digital asset funds hit $600 million on June 14. Go to Source
As of June 15, U.S.-listed bitcoin miners have reached a record market capitalization of $22.8 billion, according to global investment bank JPMorgan. This surge is led by significant gains in stocks like Core Scientific, Terawulf, and Iren. The overall sector market cap has increased by 24% since the end of May, partly due to a … Read more
The market attentively observes as Ethereum Classic’s prospects darken, Render (RNDR)’s price slightly increases and BlockDAG skyrockets with a 1,120% jump since its initial batch. Celebrated YouTube personality, Crypto Bull, has endorsed BlockDAG as the top emerging crypto of 2024, praising its innovative DAG-based PoW technology and unprecedented ROI potential. His trending video has ignited … Read more