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Bitcoin’s Inflation Rate Drops After Halving, Surpassing Gold as Scarcest Asset
Following the latest Halving, Bitcoin’s inflation rate has officially become lower than Gold’s, making BTC the scarcest asset in history. In its latest weekly report, the on-chain analytics firm Glassnode discussed the impact of the latest Halving on cryptocurrency. Halving is a periodic event on the Bitcoin blockchain in which its block rewards are permanently…
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On-Chain Data Suggests Diminishing Selling Pressure From Bitcoin Miners and HODLers
Amidst the ongoing fluctuation in the cryptocurrency market, recent on-chain data has offered a glimmer of hope for Bitcoin bulls. Analysis of the behavior of two significant groups within the Bitcoin ecosystem – long-term holders and miners – reveals a trend of decreasing selling pressure, potentially signaling a positive shift in the asset’s trajectory. Long-term…
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A Closer Look At Tesla’s Surprising Crypto Strategy
Electric vehicle giant Tesla has recently faced a financial slowdown, reporting a 15% dip in revenue and a nearly 50% plunge in adjusted earnings for the first quarter of 2024. This development comes alongside the company’s first negative cash flow since early 2020. Despite these challenges, the company has surprised the market by holding onto…
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Hong Kong Bitcoin ETFs Prepare for Launch, Expert Warns Of Looming Fee War
In a significant development for the Bitcoin (BTC) market, Hong Kong is set to kick off trading for several spot Bitcoin ETFs on April 30th. This promising milestone follows the successful approval and subsequent trading of Bitcoin ETFs in the United States earlier this year under the regulatory purview of the Securities and Exchange Commission…
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Former Binance CEO Shows Remorse and Visions Beyond
In a letter addressed to US Judge Richard A. Jones for the Western District of Washington, former Binance CEO Changpeng Zhao, popularly known as “CZ,” expressed his deep regret and apologized for what he termed as “poor decisions” made during his tenure as the head of the cryptocurrency exchange. The letter was filed on Tuesday,…
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Uncovering the Alleged Criminal Activities of Samourai Wallet Co-Founders
The co-founders of Samourai Wallet, Keonne Rodriguez and William Lonergan Hill, found themselves under the scrutiny of US authorities. The charges levied against them include operating an unlicensed money-transmitting business as well as engaging in a conspiracy to commit money laundering. The gravity of the situation is underscored by revelations that the duo purportedly facilitated…
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