Despite its previous success, the stock-to-flow model attracted numerous opponents in the past year, given its failure to predict bitcoin’s price in 2022. Its creator, though, remains a believer and outlined the possible scenarios in play for BTC for the next halving, which is supposed to take place in a year. S2F Places BTC at $60K A lot has been said about the S2F model in the past several years, with most bitcoin maxis supporting it, given its bullish price predictions,...
Read More »Blofin Eases Access to Vietnamese Market with Language Support
Hanoi, Vietnam (Apr. 18th, 2023) – Blofin launched a Vietnamese language service to improve the experience for local users. It has collaborated with affiliates, start-ups, and customers to improve cryptocurrency adoption with the Blofin trading system in the Vietnamese market. As part of its commitment, Blofin is dedicated to continually improving their crypto exchange platform based on user feedback. According to the 2022 Global Crypto Adoption Index, Vietnam has...
Read More »BTC Tumbles to 25-Day Low as APT, OKB Slump 10%: Weekend Watch
Bitcoin’s nosedives continued in the past 24 hours, with the cryptocurrency falling to its lowest position in April of $27,000. Most altcoins have suffered even more. Dogecoin keeps plunging hard, while APT and OKB have dumped the most from the mid-cap alts. Bitcoin’s April Low The primary cryptocurrency went on a roll on April 10 when it skyrocketed to and beyond $30,000 for the first time since last June. It went on to chart its highest price point at just over $31,000...
Read More »BitBoy Crypto Referred to FBI After Failed Court Appearance
Crypto community influencer and Youtuber Ben “BitBoy” Armstrong has been referred to the Federal Bureau of Investigation (FBI) after refusing to appear for a court hearing surrounding his promotion of FTX. Armstrong gloated about his decision to skip the Florida court session, posting a picture of himself online on a beach saying he “don’t give af.” BitBoy released his tweet on Thursday at 10 am ET – precisely when the hearing was scheduled to begin. I am supposed to be in...
Read More »Gemini Strengthens its Presence in Asia With a New Office in India
The US-based cryptocurrency exchange – Gemini – announced plans to establish a new engineering hub in Gurgaon, India. This will be the company’s second Asian location, as previously it opened an office in Singapore. The expansion outside the US coincides with the regulatory uncertainty in the States. The CEO of Coinbase – Brian Armstrong – recently opined that many American crypto firms could relocate if the watchdogs continue their scrutiny over the industry. Setting Eyes on...
Read More »Californian Regulator Takes Action Against AI-Based Alleged Crypto Ponzi Schemes
The Californian Department of Financial Protection And Innovation (DFPI) issued cease and desist orders against five companies profiting from the hype around AI to attempt to dupe gullible investors. All Hype, Little Info According to the regulator, all five companies violate securities law by offering unregistered securities to the public. Scammers like to deceive investors by using phony CEOs, sham algorithms, & Ponzi schemes. Today, we’ve issued desist and refrain...
Read More »Coinbase CEO Slams SEC, Says Gensler-Led Agency Caused Untold Harm to the US
The crypto community has left no stone unturned in lambasting the US Securities and Exchange Commission (SEC) and, more importantly, its Chief Gary Gensler. The latter’s actions were dissented by members of his own agency. Gensler even received political pushback for his actions. But the SEC boss continued to defend the crackdown on digital assets markets, saying he had never seen an industry so routinely break securities laws. SEC Approach of Regulation by Enforcement As...
Read More »Global De-Dollarization and the Role of Bitcoin: Arthur Hayes
Could the US dollar lose its status as the global reserve currency? BitMEX co-founder Arthur Hayes doesn’t rule out the possibility and believes it’s a question worth considering for those looking to preserve their wealth. The former exchange CEO published an essay on Thursday exploring the economics and role of the dollar worldwide, and how its shrinking role could affect global crypto adoption. US Dollar Dominance and Decline In the essay titled “Exit Liquidity,” Hayes...
Read More »Bitcoin Spikes Following Silicon Valley Bankruptcy
Silicon Valley Bank is in the process of filing bankruptcy, bringing back rough memories of the FTX debacle five months ago. However, the effects appear to be the opposite of what they were back in November. During that time, bitcoin and its altcoin cousins fell to new lows, whereas this time around, bitcoin and several of its counterparts appear to be surging like crazy. Silicon Valley Dips While BTC Rises At the time of writing, BTC – the world’s number one...
Read More »FTX-Linked Project Serum Shilling Shitcoins on Twitter: Report
According to on-chain sleuth Zachxbt, the official Twitter account of the Solana-based decentralized finance project Serum, which had over 200,000 followers, has been renamed ‘Luka.’ The original Serum account is speculated to have been sold to a different user since all the previous tweets have been deleted. Sharing a screenshot of the account, ZachXBT revealed that its PFP avatar was replaced with Milady NFT and was used for promoting “shitcoins.” For the uninitiated, Serum...
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