Author name: Peter

Celsius Network Unstakes Ethereum Holdings Amid Restructuring Efforts

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Celsius Network's Decision to Unstake Ethereum The cryptocurrency lender Celsius Network, which recently filed for Chapter 11 bankruptcy protection, has announced its plan to unstake a significant amount of ethereum (ETH). The company aims to use the unstaked funds to facilitate the distribution of assets to its creditors as part of its ongoing efforts to […]

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USDC Stablecoin Experiences Temporary Depreciation to $0.76 on Binance Amid Market Turbulence

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Circle's USDC, which is typically pegged to the dollar, encountered unexpected volatility on the Binance exchange platform. Its value dropped as low as $0.76 amidst a market that was shaken by skepticism surrounding the approval of a Bitcoin ETF and a significant liquidation in derivatives. USDC Depreciates Temporarily on Binance Amidst Crypto Market Sell-Off In

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The Real Implications Of Cash Creation Instead of In Kind

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The Shift to Cash Creation Methodology The Securities and Exchange Commission (SEC) has recently met with potential issuers of spot Bitcoin ETFs. These meetings have resulted in a significant change in the creation process, with issuers now adopting a cash creation methodology instead of the usual "in kind" transfers. While there has been much discussion

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CoinMarketCap Selects Gaimin’s GMRX Token for Incubation in CMC Labs

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Gaimin Chosen as Inaugural Incubatee GAIMIN, the global leader in decentralized data processing power through gaimin.cloud, has been handpicked by CoinMarketCap (CMC) to be one of the first projects incubated under the new CMC Labs accelerator program. As the premier source of news, data, and community engagement for the crypto market, CMC only aligns itself

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Bitcoin’s Resilience in the Face of Declining Death Calls

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Bitcoin Obituaries Dwindle in 2023 Bitcoin, the world's most popular cryptocurrency, has faced numerous predictions of its demise over the years. However, the year 2023 saw a significant decline in such "death calls." According to the Bitcoin Obituaries list on 99bitcoins.com, there were only eight declarations of bitcoin's end in 2023, compared to 47 and

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Kevin O’Leary: Strong Institutional Interest in Crypto Will Persist Despite Spot Bitcoin ETF Decision

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Introduction Kevin O’Leary, the renowned Shark Tank investor also known as Mr. Wonderful, remains confident that institutional interest in cryptocurrency and bitcoin will continue to thrive regardless of the U.S. Securities and Exchange Commission (SEC)'s decision on spot bitcoin exchange-traded funds (ETFs). O'Leary emphasizes that even if the SEC decides against approving a spot bitcoin

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Robert Kiyosaki Emphasizes the Importance of Bitcoin Halving for Investors

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Introduction Renowned author Robert Kiyosaki, best known for his book Rich Dad Poor Dad, has recently urged investors to pay close attention to the upcoming Bitcoin halving event. In addition to sharing his views on the halving, Kiyosaki emphasized his lack of trust in the U.S. dollar and revealed his significant debt, which he sees

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SEC Meeting with Exchanges to Discuss Spot Bitcoin ETFs

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U.S. Securities and Exchange Commission (SEC) Engages in Discussions with Major Exchanges The U.S. Securities and Exchange Commission (SEC) has reportedly held meetings with officials from major exchanges, such as the New York Stock Exchange (NYSE), Nasdaq, and Chicago Board Options Exchange (CBOE), to discuss spot bitcoin exchange-traded funds (ETFs). These discussions involved SEC staff

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Stablecoin Storm — Gemini’s GUSD Shrinks 93% Amidst Market Turbulence

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The Slowdown of the Stablecoin Market Over the past few years, the stablecoin market has experienced a significant slowdown, especially since mid-2022 when Terra's stablecoin collapsed. In addition, the New York Department of Financial Services (NYDFS) instructed Paxos to stop issuing BUSD last year. As a result of these setbacks, the supplies of three other

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