Author name: Peter

Stablecoin Market Cap Surges $4.85 Billion in 30 Days; USDT, USDC, FDUSD Lead the Way

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Over the past month, there has been a significant rise in the combined market capitalization of leading stablecoins, increasing from $131.71 billion to $136.56 billion. Tether (USDT) and USD Coin (USDC), the top two stablecoins, have witnessed notable expansions in their supplies, with increases of 4.8% and 7.2% respectively. The Growing Stablecoin Economy During the […]

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Grayscale’s Bitcoin Trust (GBTC) Sees Decrease in Bitcoin Holdings While New ETFs Gain Momentum

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GBTC's Bitcoin Holdings Decline In the most recent update, Grayscale's Bitcoin Trust (GBTC) experienced a decrease of 4,461.36 bitcoin, valued at approximately $190.53 million, over the past day. Since Jan. 12, 2024, GBTC has observed a cumulative reduction of about 124,967.54 bitcoin, equivalent to an estimated $5.33 billion. Meanwhile, the nine recently launched spot bitcoin

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Tether’s Audit Report Reveals $2.8 Billion in Bitcoin Holdings

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Introduction Tether, the leading stablecoin issuer, has recently released its audit report, which highlights its significant Bitcoin holdings valued at over $2.8 billion. Conducted by BDO, a reputable auditing firm, the report provides a detailed analysis of Tether's financial position, shedding light on its success in the cryptocurrency market. Tether's Influence in the Cryptocurrency Market

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Robert Kiyosaki: Bitcoin as Protection against Theft by the Fed, Government, and Wall Street Bankers

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Introduction Renowned author Robert Kiyosaki, famous for his book Rich Dad Poor Dad, recently shared why he owns bitcoin. According to Kiyosaki, bitcoin serves as a safeguard against the theft of wealth through various means, such as inflation, taxation, and stock price manipulation, perpetrated by the Federal Reserve, the government, and Wall Street bankers. In

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Federal Reserve Keeps Rates Unchanged, Focusing on Inflation Confidence

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On January 31, 2023, the U.S. Federal Reserve announced its decision to maintain the federal funds rate at its current level. The Federal Open Market Committee (FOMC) emphasized that it will not consider reducing the target range until it has a higher level of confidence in achieving the 2% inflation target. While the stock market

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SEC Drops Lawsuit Against Crypto Startup Debt Box Due to Inaccuracies in Court

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The SEC's Decision to Abandon the Lawsuit The U.S. Securities and Exchange Commission (SEC) has made the decision to drop its lawsuit against Debt Box, a crypto startup that was previously accused of defrauding investors of millions of dollars. This move by the SEC comes after the agency admitted to providing misleading information in court,

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Invesco and Galaxy Slash Fees in Competitive Spot Bitcoin ETF Market

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Invesco and Galaxy ETF Fee Slashed in Response to Intense Market Competition In response to the intense competition in the spot bitcoin exchange-traded fund (ETF) market, Invesco and Galaxy Asset Management have made a strategic move to lower the long-term fee of their joint spot bitcoin ETF, the Invesco Galaxy Bitcoin ETF (BTCO). The aim

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Bona Fide Wealth President: Bitcoin as ‘Digital Gold’ and the Battle Between Crypto Natives and Traditional Finance

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Investments That Generate Alpha: Boneparth's Perspective In a recent discussion, Douglas Boneparth, president and founder of Bona Fide Wealth, shed light on the emerging spot bitcoin exchange-traded funds (ETFs) and the categorization of bitcoin as an asset class. Engaging with Eric Balchunas, Bloomberg's senior ETF analyst, on the "Bloomberg ETF IQ" show, Boneparth compared bitcoin

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Ethereum Price Analysis: Bearish Signals and Potential Bullish Reversal

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On Jan. 29, 2024, ethereum's price dynamics display a nuanced interplay of market elements. The current price of ether stands at $2,247, with a 24-hour range fluctuating between $2,246 and $2,284. Despite its substantial market capitalization of $270 billion, ether trading volume remains modest, hinting at possible investor wariness. Ethereum's Volatile Hourly Chart The hourly

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BlackRock’s Spot Bitcoin ETF Volume Surpasses GBTC, Indicating Market Shift

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A Shift in Trading Volume BlackRock's spot Bitcoin ETF is currently surpassing the Grayscale Bitcoin Trust (GBTC) in terms of trading volume, according to Bloomberg ETF analyst James Seyffart. This marks the first time since its launch that BlackRock's ETF has outpaced GBTC in trading volume. Significance of the Shift This shift in trading volume

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