After the Salvadoran president Nayib Bukele revealed the country would buy a single bitcoin every day, a report published by Torres Legal details that the government of El Salvador has created a National Bitcoin Office (ONBTC). The report says the entity was created via Decree No. 49, which was signed by Bukele and El Salvador’s […]
I call it the 'bitcoin retirement plan'. I basically buy bitcoin as much as I can every month and will keep on doing this until I can call myself retired (the target is 1 million €). It's been 5 years so far and I kinda like the progress, my guess is less than 5 years…
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State securities regulators are reportedly investigating Genesis Global Capital in a broad range probe into the “interconnectedness of crypto firms,” Barron’s reported on Friday. The report notes that the Alabama Securities Commission is looking into whether or not cryptocurrency firms have violated securities laws without filing the proper registrations. Report Says Financial Regulators Are Investigating […]
As we can see on CMC Binance only holds 13.38% of reserves in BTC, 8.40% in ETH and 14.04% in Other. BUSD of 30.59% + USDT of 22.78% + BNB of 10.82% = 64.19% of reserves. So the majority of holdings are their own token that is claimed to be backed 1:1 (proof? I have…
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I know that we are in a bear market and that the bear can be frightening, particularly around capitulation moments, like the capitulation in June with Luna, 3AC, and Celsius, and now again with FTX. The Fear & Greed index is stuck at Extreme Fear for a reason. Yet, assuming people did not buy terrible…
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This is just another crazy story now getting exposed behind FTX and SBFs so-called bailout of Voyager. After LUNA collapsed, Voyager was also collapsing, then first there was a big bid-war for who is going to bail-out Voyager. Binance was at top and seemed to have it but then “unnamed sources“ released articles (at Reuters…
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This year, the number of tokenized bitcoins hosted on alternative blockchains like Ethereum, has dropped a great deal. Last January the number of wrapped bitcoin (WBTC) issued on the Ethereum blockchain was around 266,880 WBTC and since then, the number has dropped by more than 15% down to 225,962 WBTC. Similarly, the quantity of tokenized […]
According to analysis from blockchain firm Arkham Intelligence, over 50% of the funds transferred after Nov. 6 were in US pegged stablecoins.
