Ray Dalio Prefers Gold Over Bitcoin
In a recent interview on Chris Williamson’s YouTube podcast, billionaire Ray Dalio shared his thoughts on Bitcoin, revealing that he has a small amount of the cryptocurrency, but still prefers gold. Despite admitting to having some BTC, Dalio remains cautious about the digital asset, warning that ...
False Alert by Analytical Service Arkham Causes BTC Price Drop
According to a recent report by Arkham, a false alert was mistakenly issued regarding the transfer of BTC from US government wallets and the now-defunct MtGox crypto exchange. This erroneous message led to a rapid decrease in BTC prices on April 26, with the cryptocurrency dropping by 7% in under ...
Study Shows Millennials Are the Largest Group of Crypto Enthusiasts
A recent research study by Bitget, a cryptocurrency exchange, revealed that millennials between the ages of 27 to 42 make up almost half (46%) of all cryptocurrency enthusiasts. The study was conducted between July 2022 and January 2023 and surveyed 459,000 cryptocurrency holders from 26 countrie ...
CryptoQuant Reports Record Low Bitcoin Leverage Ratio as Volatility Decreases
According to analyst firm CruptoQuant, the leverage ratio for bitcoin has reached a historic low of 0.195, previously shown in December 2021. The leverage ratio is an indicator used by experts to estimate the volatility of digital asset prices over the long term. Lever ...
Woman Sentenced to Prison for Dealing with Cryptocurrency in New Hampshire
A 35-year-old resident of New Hampshire accused of engaging in illegal activities has been sentenced to 18 months in prison by the US District Court for dealing with cryptocurrency. According to prosecutor Jane Young, Aria DiMezzo exchanged fiat currencies, mainly US dollars, for bitcoin between ...
Ted Cruz Reveals His Strong Support for Bitcoin Investment
During the Bitcoin Policy Summit, Ted Cruz, a prominent American senator, made a bold confession about his personal investment strategy. According to Cruz, he is a devoted investor in bitcoin, and he regularly purchases the popular cryptocurrency. The senator revealed that he currently holds s ...
Experts predict parabolic rally for bitcoin as investors seek alternatives to traditional financial instruments
Cryptocurrency market experts believe bitcoin is in the early stages of a parabolic rally, closely copying the behavior of the asset in the 2015 bull market.</div The ongoing banking crisis in the U.S., as well as liquidity and insolvency problems have prompted U.S. inve ...
Canadian Mining Company Bitfarms to Expand Production to 100 MW in Argentina
Bitfarms, a mining company based in Canada, has announced that it has secured the necessary electricity permits to expand its production capacity to 100 MW at its Rio Cuarto facility in Argentina. The company is planning to increase the farm's active capacity by 100% by April 28, with the additio ...
Former BitMEX CEO Believes Cryptocurrencies Offer Protection Against Broken Banking System
The previous CEO of BitMEX, a cryptocurrency derivatives exchange, believes that investing in cryptocurrencies is a wise move in a "flawed banking system" as it provides protection against the risk of losing funds. Arthur Hayes elaborated on why he believes that cryptocurrencies are an excellent ...
Standard Chartered Analysts Predict Bitcoin Could Reach $100,000 by End of 2024
Financial experts at Standard Chartered have predicted that the price of Bitcoin could reach $100,000 by the end of 2024. This bullish outlook is attributed to the increased attention and interest in Bitcoin among investors following the collapse of several US banks, including Silicon Valley. ...