A BRICS common currency will be challenging to initiate and maintain, though efforts to dethrone the US dollar could have an impact on Bitcoin, says investment strategist Lyn Alden.
Category: Lyn Alden
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Crypto industry ‘destined’ to be BTC-focused due to regulators: Michael Saylor
The MicroStrategy co-founder believes crypto-related regulatory enforcement action will play in Bitcoin’s favor.
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Bitcoin price hits $25K in new 2023 high
Despite macroeconomic headwinds and regulatory crackdowns on crypto, Bitcoin is made a new high for 2023.
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Bitcoin stays out of fear for 11 straight days as price tips near 24K
Bitcoin’s huge price surge in January has meant that 64% of Bitcoin investors are in profit, according to data from IntoTheBlock.
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US institutions account for 85% of Bitcoin buying in ‘very positive sign’ — Matrixport
Matrixport’s head of research and strategy suggests the industry will soon see layer 1 and other altcoins outperforming relative to Bitcoin.
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While Elon Musk Plans to Purge 1.5 Billion Inactive Twitter Names, Bitcoiners Beg Him to Preserve Hal Finney’s Account
On Dec. 9, 2022, Twitter’s owner Elon Musk told the public that the social media company plans to purge 1.5 billion accounts. Musk further added that the deletions would be obvious accounts that have no tweets or they haven’t logged in for years. However, after Musk announced this plan, a great number of cryptocurrency proponents […]
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UST Rebounds From $0.66 per Coin to $0.93, Crypto Community Assesses Stablecoin’s Damaged Reputation
On Monday, May 9, 2022, the stablecoin terrausd (UST) lost its parity with the U.S. dollar and dropped to an all-time low of $0.66 per unit. The stablecoin has been one of the most topical discussions in crypto during the past 24 hours, as many have been betting on whether it will fail or recover. […]
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FTX Slashes Leverage Limit from 100x to 20x — Community Suspects Competitors Will Follow Example
FTX CEO Sam Bankman-Fried told his Twitter followers on Sunday that his crypto exchange has lowered its margin trading limit from 101x to 20x. Prior to the change, FTX supported 50x, 100x, and 101x leverage but Bankman-Fried said these high leverage positions represent “a tiny fraction of volume.” FTX CEO Announces Cutting Leverage Limits, 2x […]
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