Author name: Peter

Grayscale’s Bitcoin Trust Sees a Decline in its NAV Discount to 16.59%

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Grayscale's Bitcoin Trust, also recognized as GBTC, has recently experienced a remarkable transformation in its market dynamics. As of January 2023, GBTC was trading at a substantial 48.31% discount to its net asset value (NAV). However, this gap has now contracted to 16.59%, reflecting shifts in market sentiments and having potential repercussions for investors. GBTC's […]

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Unsteady Currents in the Stablecoin Market: An Analysis of Recent Developments

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The market scenario for stablecoins has not shown considerable growth over the past two months, with the total market cap barely surpassing $123 billion by the third week of October. The global crypto economy currently sees 22.96% of its trading volume in stablecoin transactions, a significant decrease compared to 74% just the day before. This

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The Reserve Bank of India Explores Further Use Cases of CBDC in the Wholesale Segment

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The Reserve Bank of India (RBI) is broadening its horizons in the digital currency arena. It is now piloting a second use case for its Central Bank Digital Currency (CBDC), this time concentrating on the call money market. The RBI has future plans to broaden the scope of its e-rupee trials to encapsulate the whole

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The Turning Tide: SEC’s Stance on Grayscale’s Bitcoin ETF Conversion

gold ira /

Marking a significant turn of events, the U.S. Securities and Exchange Commission (SEC), the primary governing body for securities in the United States, has opted not to contest a recent court ruling favoring Grayscale Investments' plans to convert its Bitcoin product into an Exchange-Traded Fund (ETF). This information comes from a confidential source and was

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Crypto Turbulence: Shiba Inu and XRP Experience Substantial Declines

crypto ira /

In an unpredictable start to the week, popular cryptocurrencies Shiba Inu and XRP take a noticeable hit. As market participants gravitate towards safer commodities, the digital currency environment reflects increased volatility. The Downturn of Shiba Inu (SHIB) Monday witnessed the descent of Shiba Inu (SHIB) to its lowest in several months, amid the backdrop of

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Navigating the Crypto Crime Wave: Cross-Chain Bridges and Coin Swap Services Exploited

crypto ira /

Exposing a grim reality within the crypto ecosystem, a recent study by Elliptic has revealed the prevalence of cybercrimes exploiting cross-chain bridges and coin swap services. These sophisticated techniques have reportedly been used to cleanse approximately $7 billion classified as illicit or high-risk funds. Among the notorious cybercriminal gangs, the Lazarus Group, assumed to be

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Bitcoin and Ethereum Analysis: Uncertainty Ahead of Pivotal US Economic Indicator

gold ira /

Bitcoin and Ethereum, two of the industry's leading cryptocurrencies, continue to tread cautiously as market participants eagerly anticipate the release of the Federal Open Market Committee (FOMC) minutes. The FOMC report is a significant economic indicator which can potentially steer the broader financial market, including cryptocurrencies like Bitcoin and Ethereum, in the near term. Bitcoin's

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The 16-Year Bitcoin Cycle: A Comparative Study with the Internet Bubble

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Bitcoin's four-year cycle is well-documented and widely acknowledged, but have you considered the possibility of a more extended cycle at play? Could this prolonged cycle mirror the adoption patterns of innovative technologies, similar to the internet? This article proposes a new theory: Bitcoin is moving through a unique 16-year cycle that could potentially forecast future

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Unveiling Cleanspark’s Acquisition of Bitmain’s S21 Antminers

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The global cryptocurrency mining landscape is rapidly changing. In a recent development, Cleanspark, a renowned bitcoin mining corporation, has confirmed a significant reservation of 4.4 exahash per second (EH/s) of Bitmain's latest S21 Antminers. This procurement, valued at an estimated $61.6 million, equates to $14 for each terahash per second (TH/s). Details of the Acquisition

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Analysis of Bitcoin and Ethereum’s Technical Fluctuations: BTC Dips Below $27,000, ETH Reaches One-Month Low Prior to US Inflation Report

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Bitcoin, the world's leading cryptocurrency, experienced a dip below the $27,000 mark on Thursday, preceding the imminent inflation report from the United States. The anticipated consumer prices for September are projected to have increased by 3.6%, a decrease of 0.1% from the previous month. Concurrently, Ethereum plummeted, reaching a low not seen in several weeks.

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