Articles for category: Crypto

December 20, 2024

Understanding the Mechanics of a Federal Bitcoin Reserve and Its Impact on the Cryptocurrency Landscape

Former U.S. Treasury Secretary Lawrence Summers criticized the idea of a national Bitcoin reserve, calling it “crazy.” This response comes amidst discussions surrounding President-elect Donald Trump’s proposal to build a crypto-friendly administration, including plans to stockpile Bitcoin as a national asset. Proponents, like Senator Cynthia Lummis, suggest a strategic reserve of Bitcoin could help reduce ...

December 20, 2024

Market News

Crypto

Understanding Cryptocurrency Futures: Definition, Trading Strategies, and Managing Risks for Successful Investments

Cryptocurrency futures are contracts that allow investors to speculate on the price of digital currencies without needing to own them directly. Since their introduction, they’ve gained rapid popularity, particularly with Bitcoin and Ether contracts. These futures trade on various digital exchanges, including well-known platforms like Binance and CME Group. Investors are drawn to crypto futures ...

December 20, 2024

Market News

Crypto

SEC Approves Hashdex and Franklin Templeton Dual Bitcoin-Ethereum ETFs, Paving the Way for Broader Crypto Investment Opportunities

The SEC has approved new Bitcoin and Ethereum ETFs from Hashdex and Franklin Templeton, making it easier for institutional investors to access these major cryptocurrencies. This announcement comes during a tumultuous time in the crypto Market, with Bitcoin recently dropping to below $96,000 and Ethereum falling to $3,440. The approval covers two specific ETFs: the ...

December 20, 2024

Market News

Crypto

El Salvador Considers Selling or Shutting Down Controversial Crypto Wallet Amid Financial Challenges

El Salvador is planning to close or privatize its cryptocurrency wallet “Chivo,” created by President Nayib Bukele when the country made bitcoin legal tender in 2021. This decision follows a $1.4 billion loan agreement with the International Monetary Fund, which suggests that private businesses will choose whether to accept bitcoin. While Chivo may be discontinued, ...

December 20, 2024

Market News

Crypto

BlackRock’s Bitcoin Ad Sparks Controversy Among Bitcoin Enthusiasts – Here’s Why They Dislike It

BlackRock, the world’s largest asset manager, has released a new advertisement promoting Bitcoin, but it’s sparked a backlash among Bitcoin advocates. The video, found on BlackRock’s iShares Bitcoin Trust ETF page, discusses Bitcoin’s value, highlighting its 21 million token supply. However, it includes a controversial disclaimer stating that there’s no guarantee this supply cap won’t ...

December 20, 2024

Market News

Crypto

BlackRock’s Controversial Bitcoin Ad Sparkles Backlash from Bitcoin Community: What You Need to Know

BlackRock, the world’s largest asset manager, recently released an advertisement promoting Bitcoin and its potential as an investment. However, the Bitcoin community has expressed discontent over the ad, particularly due to a disclaimer that suggests the 21 million supply cap of Bitcoin could change. This disclaimer, which appears briefly in the video, has raised alarms ...

December 20, 2024

Market News

Crypto

Franklin Templeton Files for Bitcoin and Ether ETF as Bitcoin Holds Strong at $100K Support Level

Franklin Templeton has filed for a dual cryptocurrency ETF that will track both Bitcoin and Ethereum, coinciding with Bitcoin’s stabilization around the crucial $100,000 level. Analysts believe the U.S. Securities and Exchange Commission (SEC) may approve this ETF proposal along with others from Bitwise and Hashdex next year. The Franklin Crypto Index ETF aims to ...

December 20, 2024

Market News

Crypto

El Salvador Considers Selling or Shutting Down Its Controversial Crypto Wallet Amid Financial Challenges and Investor Concerns

El Salvador plans to privatize or shut down its government-created cryptocurrency wallet, “Chivo,” which was launched in 2021 when Bitcoin became legal tender in the country. This decision follows a $1.4 billion loan agreement with the International Monetary Fund (IMF), which made acceptance of Bitcoin voluntary for businesses. While Bitcoin will still be recognized as ...

December 20, 2024

Market News

Crypto

Cryptocurrency Hackers Steal $2.2 Billion from Platforms in 2024: Key Insights and Preventive Measures

In 2024, a staggering $2.2 billion in cryptocurrency was stolen, according to Chainalysis’ Crypto Crime Report. Over half of this theft, around $1.34 billion, was linked to hackers from North Korea, occurring through a series of 47 hacking incidents. This year saw a notable shift in hacking targets, with centralized services becoming more frequent victims ...

December 20, 2024

Market News

Crypto

Craig Wright Found in Contempt of Court Over Bitcoin Invention Claims: The Ongoing Legal Battle Explained

Dr. Craig Wright, an Australian computer scientist who claims to be the creator of Bitcoin, has been found in contempt of a London court. Following years of controversy, the court ruled that Wright had lied about his connection to Bitcoin and violated a previous order by continuing legal actions related to Bitcoin’s intellectual property. He ...