Arthur Hayes, the co-founder of BitMEX, recently shared his insights in an essay titled “Zoom Out,” delving into historical economic cycles from the 1930s to the 1970s and their relevance to today’s financial landscape. Hayes highlights the importance of understanding these cycles to predict the potential revival of the Bitcoin and crypto bull run. He
As we approach the mid-year mark of 2024, it is evident that Bitcoin and Ethereum have emerged as the top-performing assets in the financial market. Surpassing traditional investments such as the Nasdaq, S&P 500, oil, gold, the U.S. dollar, and government bonds, these cryptocurrencies have shown impressive growth and profitability. Matrixport highlighted in a recent
Bitcoin’s price has been fluctuating recently, facing challenges to break through resistance levels after dipping below $60,000. Despite briefly holding above $61,000, bearish sentiment seems to be prevailing in the market. One crypto analyst, Alan Santana, has made a pessimistic forecast, suggesting that the Bitcoin crash may not be over yet. According to Santana’s analysis
Charles Hoskinson, co-founder of Cardano, recently expressed his concerns about the impact of AI censorship on the accessibility of knowledge. In a series of tweets, he highlighted the problem of alignment training in AI models and how it is affecting the dissemination of information. AI censorship refers to the use of machine learning algorithms to
Upon analyzing the recent price movements of Cardano, crypto analysts have discovered a new technical pattern that could indicate a substantial rebound for the cryptocurrency. This pattern, known as a falling wedge, is seen as a signal of the end of a consolidation phase and the beginning of a potential reversal or continuation pattern in
Silvergate Capital recently settled with the SEC for $50 million, following allegations that the company misled investors about the strength of its BSA/AML compliance program and the monitoring of crypto customers, including the exchange FTX. The SEC claimed that Silvergate Capital, its subsidiary Silvergate Bank, and two executives engaged in fraudulent activities between November 2022
The Bahamas is taking steps to make its central bank digital currency (CBDC) more accessible to the public. Central Bank Governor John Rolle announced plans to work with commercial banks to ensure that the “Sand Dollar” is readily available to clients. This move is part of an effort to boost adoption rates and encourage the
The head of Digital Assets Research at VanEck, Matthew Sigel, has confirmed that the company’s Solana spot ETF proposal is betting on Donald Trump winning the US presidency. This speculation has raised concerns about the potential approval of the ETF, especially in the event of a Democrat victory. According to analysts, the approval odds for
The recent announcement made by Circle on July 1 regarding its reception of an e-money license from France has significant implications for the global stablecoin market. This move positions Circle as the first stablecoin issuer to adhere to the EU’s Markets in Crypto-Assets (MiCA) regulations. The license granted by France’s financial regulator, the Autorité de
The world of cryptocurrency has long been marked by the 24/7 accessibility of assets like Bitcoin. However, recent data provided by Kaiko paints a different picture of the weekend trading scene for the popular digital currency. The report reveals a significant drop in Bitcoin weekend trading activity, plummeting from 28% in 2019 to only 16%