Anthony Scaramucci, the founder and managing partner at SkyBridge Capital, talked about Bitcoin on CNBC’s “Squawk Box” on April 18. He covered topics such as its volatile nature, role as a safe haven asset, rate of adoption, and possible effects of US-listed Bitcoin ETFs. Scaramucci acknowledged the challenges in accurately forecasting Bitcoin’s short-term price fluctuations … Read more
In a thorough study called “The Bitcoin Halving: A Programmatic Monetary Policy,” authors Juan Leon and Matt Hougan from Bitwise Asset Management investigate how Bitcoin’s halving events influence its pricing and mining community. This academic piece goes deep into the reduction of rewards for miners, an inherent part of Bitcoin’s blockchain system that splits the … Read more
April 17, 2024, saw a prominent crypto authority as a guest on CNBC’s “Squawk Box” program. They talked about various significant issues in the cryptocurrency market: the upcoming Bitcoin halving, recent price swings, and Bitcoin’s potential future direction. Anthony Pompliano, commonly referred to as “Pomp,” holds a significant presence in the realm of cryptocurrencies and … Read more
Top American financial regulatory figures such as Jerome Powell (Federal Reserve Chair), Janet Yellen (Treasury Secretary), and Wally Adeyemo (Deputy Treasury Secretary) have recently expressed their support for Congress passing laws to regulate stablecoins. On April 17, Senators Kirsten Gillibrand (Democrat from New York) and Cynthia Lummis (Republican from Wyoming) presented a bipartisan bill called … Read more
Rebecca Sin of Bloomberg, an ETF analyst, has brought attention to the possible hurdles and opportunities for newly authorized Bitcoin and Ether ETFs in Hong Kong. As reported by Sin, mainland Chinese investors may encounter substantial obstacles when trying to invest in these funds due to current regulations limiting virtual asset investments. Although individual investors … Read more
Why you should listen The non-custodial SOMA.finance platform aims to be the world’s first compliant hybrid decentralized exchange and launchpad. SOMA was founded to build the technology and systems required for a platform for the issuance and purchase and sale of securities utilizing distributed ledger technology (“DLT”). As a semi-permissionless, decentralized web based platform utilizing … Read more
A significant investor in cryptocurrencies, holding over $4.5 million worth of Ethereum ($ETH), suffered losses after trying to increase their profits through a strategy known as “leveraging” their long position in Ethereum twice. Unfortunately, the value of Ethereum decreased, requiring them to pay back debts on a decentralized platform. Based on data from cryptocurrency analysis … Read more
Bitcoin‘s leading cryptocurrency, Bitcoin ($BTC), might experience a substantial price increase in the near future due to the decreasing supply on centralized crypto platforms. Furthermore, following the forthcoming halving, Bitcoin will be more scarce than gold. Based on a report from Bybit, a well-known cryptocurrency trading platform, the approaching Bitcoin halving could trigger a short … Read more
On April 17, Kraken, a well-known cryptocurrency exchange, launched its new open-source mobile wallet. This wallet aims to offer users a safe and clear method for managing their digital assets. As shared by Eric Kuhn, Kraken Wallet’s Product Director, in an interview with CoinDesk, the wallet was developed adhering to the fundamental values of the … Read more
On Tuesday, Jerome Powell, the Federal Reserve chair, hinted that planned interest rate reductions could be delayed past the originally anticipated timeline due to persisting high inflation figures. During a discussion with Bank of Canada Governor Tiff Macklem at the Wilson Center in Washington, Powell pointed out the surprising longevity of elevated inflation levels and … Read more