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Things don't look good for Bitcoin, says expert
As the overall cryptocurrency market tries to regain strength and Bitcoin (BTC) struggles to hold above the $19,000 level, there could be more bad news for the leading digital asset. Crypto trader and analyst Josh Rager suggested that “things don’t look so good right now” for ...
Kenya is under pressure to convert its reserves to Bitcoin
Kenya’s central bank governor Patrick Njoroge has admitted that he has been under external pressure from cryptocurrency supporters to convert the country’s reserves into Bitcoin (BTC). According to Njoroge, the idea could be called “madness,” noting that converting the ...
Binance vs SEC: A matter of interest or how interests are regulated
The SEC suspects that the world’s largest cryptocurrency exchange has sold unlicensed securities in its ICO, and news agencies have recalled some old cases. Bloomberg reported, for example, that the United States Securities and Exchange Commission was investigating whether Binance Holdings ...
Three Arrows Capital and Celsius: Battling against insolvency
Playtime is over! It all started in January 2022 when the DeFi ecosystem faced the brunt of the bears fueled by sinking rumors of Three Arrow Capital (3AC) and Celsius liquidations. MakerDAO decided to disconnect Aave (AAVE) from its direct deposit module as protection in light of the possibility ...
Interstellar money: Or how the greatness of Bitcoin from 2017 fades to return or disappear
The crypto industry is preparing for severe consequences after the collapse over the weekend. Bitcoin falls to $17,628 under pressure from rising central bank interest rates. But this is not the only crisis that is looming. Over the past few days, rising temperatures at CeFi lender Celsius saw CEO ...
To Bitcoin or Not to Be(t) coin
1653036779 20 May / 08:52
Gareth Soloway, the chief market strategist at InTheMoneyStocks.com, predicts that Bitcoin could adjust to $12,000. In an interview with Stansberry Research, Soloway said the correction remains possible because Bitcoin has never experienced the current environment, characterized by quantitative ...
About Terra or the "House of cards"
type: Thoughts
tags: analysis | crypto | luna | terra | ust
Jeremy Allaire, CEO of Circle, the company that issues the second-largest stable coin, USDC, says he predicted the collapse of Terra and UST’s algorithmic stablecoin six months ago because it’s a “house of cards.” “There were two things that surprised me. One was just ...
Crypto Critics or Crypto Holders
1652640657 15 May / 18:50
One of Bitcoin‘s most prominent critics has publicly said he was wrong about Bitcoin after years of rejecting the so-called digital gold. “I was wrong about Bitcoin,” Peter Schiff said on April 2, sparking a severe Twitter discussion. “So many of us appreciate and respect ...