Category: Crypto
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Cautionary CFTC: Beware AI Crypto Scams Promising High Profits
Understanding the Risks and Limitations The CFTC’s advisory not only underscores the need for investor caution but also sheds light on the risks and limitations associated with AI-powered trading bots. While these bots are designed to leverage artificial intelligence for making trading decisions, they are not infallible. It is important for investors to recognize that […]
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Bitcoin Outflows Slow as New ETFs Garner Inflows, U.S. Market Leading
Bitcoin ETF Inflows Counterbalance GBTC Outflows While the outflows from Grayscale’s GBTC are substantial, the nine newly launched spot bitcoin ETFs saw inflows of $1.8 billion last week. The BlackRock IBIT led the influx with $744.7 million, closely followed by Fidelity’s FBTC with $643.2 million. Since their launch on January 11, these nine ETFs have […]
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Legal Battles: Ripple, Coinbase, and the Impact on Crypto Regulations
The Importance of the Revak Case for Cryptocurrency A focal point in the discussions surrounding the legal challenges faced by Ripple Labs and Coinbase is the 1994 Second Circuit case, Revak v. SEC Realty. Coinbase’s Chief Legal Officer, Paul Grewal, and XRP holders’ pro-crypto lawyer, John Deaton, have recently delved into the implications of this […]
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Bitcoin May Surge Past $100,000 in an Unprecedented Year of Halving
A Shift in Dynamics: Supply and Demand Bitcoin, the world’s original cryptocurrency, had a remarkable 2023 with a surge of over 150%. Now, as 2024 unfolds, it appears that Bitcoin’s trajectory continues to impress. The reasons behind this potential growth lie in the evolving dynamics of supply and demand, as well as historical patterns. If […]
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Harvest Fund Leads the Way as Hong Kong Explores Bitcoin ETF Opportunities
Regulatory Momentum Following the United States’ approval of spot Bitcoin ETFs, Hong Kong is swiftly catching up by actively considering embracing digital currencies. The U.S. Securities and Exchange Commission’s approval of the first batch of these ETFs on January 11 has shown a proactive stance from financial authorities towards cryptocurrency. Market Landscape The United States […]
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Trader Rakes in Over $1.6 Million with Early Memecoin Investments on Solana
Introduction According to on-chain data from Lookonchain, a trader has managed to generate impressive profits of over $1.6 million by flawlessly timing one of the latest memecoin trends on the Solana (SOL) blockchain. Let’s take a closer look at this remarkable achievement. The Trader’s Profits The trader successfully earned $682,000 in USDC and continues to […]
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Bitcoin’s ETF Flop Sparks Peter Schiff’s ‘I Told You So’ Taunts
A Dissatisfied ‘I Told You So’ From an Economist Bitcoin’s highly anticipated spot exchange-traded fund (ETF) launch in the United States did not meet the lofty expectations set by the cryptocurrency community. This disappointment has led economist and vocal Bitcoin critic, Peter Schiff, to take a moment of self-satisfaction and emphasize his reservations about the […]
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18 Senators Lead Pro-Crypto Movement, Shaping Future of Cryptocurrency in the US
Pro-Crypto Senators Spearhead Legislative Efforts According to Stand with Crypto, Senator Cynthia Lummis and Senator Ted Burr have emerged as the foremost advocates for cryptocurrency in the U.S. Senate. Lummis has been active in presenting eight crypto bills and delivering 184 public statements, while Burr has sponsored eight bills and made 24 public statements. Following […]
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Bitcoin Bulls Predict Potential Surge After Halving and ETF Approval
Predicting Conservative Increase of Over 300% Anthony Scaramucci, the founder of SkyBridge Capital, has expressed his optimistic outlook on the future of Bitcoin. Citing historical data, he anticipates a “conservative” surge of more than 300% in the coming months, potentially peaking at $170,000 after the halving event in April. Scaramucci even envisions a long-term scenario […]
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Kennedy Jr. and Trump Vow to Protect Financial Autonomy Against CBDCs
Kennedy Jr.’s Libertarian Aspirations Robert F. Kennedy Jr., who is considering a presidential bid, is firmly against CBDCs. He is steadfast in his commitment to safeguard financial autonomy, declaring, “I will put an end to any push for a CBDC if elected president.” This statement was given during a conversation with Dr. Joseph Mercola about […]