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On social media, the tall tale of a wallet dubbed ‘Mr. 100’ is making the rounds again, with claims that this mysterious figure is scooping up bitcoin while prices sit in the bargain bin. Yet the wallet has long been tied to the crypto exchange Upbit, and these posts seem more interested in spinning theatrical … Read more
Strategy Executive Chairman Michael Saylor said he believes bitcoin has stabilized and the market bottom is already in, telling host Grant Cardone that most liquidation pressure has “washed out” of the system. Saylor Seems Confident Bitcoin Has Bottomed According to his latest interview, Strategy chairman Michael Saylor told host Grant Cardone, the real estate mogul … Read more
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this week’s edition, the Central Bank of Brazil finalizes a new stringent ruleset targeting stablecoins, the Libra case keeps advancing in Argentina, and a regulatory draft accuses the Central Bank of Brazil of overreaching with … Read more
The company aims to build its first Latam restaurant in the country due to its bitcoin allegiance. During the Bitcoin Historico event, Dan Edwards, COO of Steak ‘n Shake, stated that El Salvador was a “bitcoiner country,” and they just had to be there. Steak ‘n Shake Eyes El to Start Latam Expansion The Facts … Read more
Tom Lee, CIO of markets insight firm Fundstrat Capital, believes that the cryptocurrency market will recover from the current downturn, which has the characteristics of a transitional event. For Lee, the market might enjoy a post-Thanksgiving rally, ready to reach higher heights. Fundstrat’s Tom Lee Reinforces Bullish Stance, Bets on Post-Thanksgiving Crypto Market Rally The … Read more
The Thai Royal Police and U.S. Secret Service seized $12 million in USDT linked to a Southeast Asia scam network, arresting 73 suspects and confiscating assets worth $15.67 million. Tether’s Role in Tracing and Freezing Funds The Thai Royal Police and the U.S. Secret Service recently executed a successful collaborative operation that resulted in the … Read more
With bitcoin drifting under the $100,000 line, plenty of folks are side-eyeing the charts and debating whether this is the opening act of a bear cycle or just a quick dip before one last bull leap. The following is a rundown of five drivers that could lift the bull further and five triggers that could … Read more
A new Bitmex Research report examines Stretch (STRC), a novel Strategy debt instrument designed to maintain price stability by adjusting its monthly dividend rate according to market pricing, offering insights into how the product works and the risks it may pose to investors. Bitmex Research Report Questions Stability Claims of Strategy’s STRC Debt Product Strategy’s … Read more
The stablecoin sector notched its second straight weekly pullback, with $1.244 billion — about 0.41% — slipping out the door. That dip tags along right after the previous week, when $1.925 billion quietly vanished from the pile. When the stablecoin pool shrinks like this, it usually signals capital tiptoeing out of the crypto arena and … Read more
Michael Saylor, executive chairman and co-founder of Strategy, the largest bitcoin treasury company, denied the rumors of a possible bitcoin sale. At CNBC’s Squawk Box, Saylor stated that Strategy is still buying bitcoin, putting these reports to rest. Michael Saylor Denies Bitcoin Selling Reports: ‘We Are Buying Quite a Lot’ The Facts Michael Saylor dispelled … Read more