Stablecoin issuer TrueUSD maintains that it is not affected by the current challenges facing Prime Trust.
Decentral Block Post
Access real-time blockchain and cryptocurrency news updates from around the globe.
Banning crypto ‘may not be effective in the long run’ — IMF
After proposing a single ledger CBDC payment system, the International Monetary Fund reported on the regulation and use of digital currencies in Latin America and the Caribbean.
Santander, Crédit Agricole asset arm receives French crypto custody license
CACEIS’s registration comes just in time to avoid the bank being subject to France’s new crypto regulations.
‘Bitcoin only’ buy-and-hold investment strategy outperforms altcoins over the long term — Analysis shows
Altcoins offer diverse, innovative features, promising technological advancements, and potentially lucrative investment opportunities.
Many-a-time specific altcoins post handsome gains that surpass Bitcoin (BTC), popularly known as altcoin season. However, K33 Research analysis shows over the long-term, ‘Bitcoin only’ has been a better investment strategy than an altcoin portfolio.
Altcoin portfolio underperformed Bitcoin over the long run
Bitcoin has had three consecutive bull and bear market cycles, starting in 2013 with the latest one coming in 2021. In each cycle, Bitcoin’s price rose parabolically in a very short span, usually a few months, after surpassing the peak of its previous cycle.
In 2013, BTC peaked around $1,175 and after that followed a downtrend for two years. At the time, the altcoin market was in its nascent stage. The fiat onramps to Bitcoin were limited and exchanges to convert them to altcoins were rare.
However, by the end of 2015, a number of altcoins, including the invention of Ethereum had occurred. A few exchanges had also propped up that supported conversion of Bitcoin to other cryptocurrencies, paving the way for an altcoin market.
‘Bitcoin only’ buy-and-hold investment strategy outperforms altcoins over the long term — Analysis shows
Historical data shows that apart from a few times since 2015 when altcoins outperformed BTC, a ‘Bitcoin only’ investment strategy has fared considerably well.
‘Bitcoin only’ buy-and-hold investment strategy outperforms altcoins over the long term — Analysis shows
Altcoins offer diverse, innovative features, promising technological advancements, and potentially lucrative investment opportunities.
Many-a-time specific altcoins post handsome gains that surpass Bitcoin (BTC), popularly known as altcoin season. However, K33 Research analysis shows over the long-term, ‘Bitcoin only’ has been a better investment strategy than an altcoin portfolio.
Altcoin portfolio underperformed Bitcoin over the long run
Bitcoin has had three consecutive bull and bear market cycles, starting in 2013 with the latest one coming in 2021. In each cycle, Bitcoin’s price rose parabolically in a very short span, usually a few months, after surpassing the peak of its previous cycle.
In 2013, BTC peaked around $1,175 and after that followed a downtrend for two years. At the time, the altcoin market was in its nascent stage. The fiat onramps to Bitcoin were limited and exchanges to convert them to altcoins were rare.
However, by the end of 2015, a number of altcoins, including the invention of Ethereum had occurred. A few exchanges had also propped up that supported conversion of Bitcoin to other cryptocurrencies, paving the way for an altcoin market.
BlackRock Bitcoin spot ETF nod 'unlikely in near term' — QCP Capital
Bitcoin spot ETFs face a brick wall, at least for the time being, from SEC Chair Gary Gensler, new research concludes.
BlackRock Bitcoin spot ETF nod 'unlikely in near term' — QCP Capital
Bitcoin (BTC) will unlikely see its first spot price exchange-traded fund (ETF) in the United States soon.
That is the opinion of trading firm QCP Capital, which in its latest market update on June 22 warned over spot ETFs’ prospects.
SEC's Gensler presents Bitcoin ETF roadblock
BTC price action has offered more than 20% gains since BlackRock, the world’s largest asset manager, applied to list a U.S. spot Bitcoin ETF.
This would be the first of its kind, as all such spot ETF applications have been rejected so far by U.S. regulator, the Securities and Exchange Commission (SEC).
While institutional involvement in the Bitcoin space is destined to increase, QCP says, the current makeup of the SEC means that spot ETFs getting the go-ahead remains unlikely.
BitGo terminates acquisition of Prime Trust
The acquisition was called off two weeks after BitGo publicly disclosed its non-binding letter of intent to acquire Prime Trust.
US lawmaker demands answers from SEC on docs related to Sam Bankman-Fried's arrest
The chair of a U.S. House oversight subcommittee said all of the documents the SEC had provided on Sam Bankman-Fried's charges and arrest had been publicly available at the time.
Limited generative AI usage to be allowed in Japanese schools
The Japanese Ministry of Education plans to allow limited use of generative AI, like ChatGPT, in elementary, junior high and high schools across the country.
Bitcoin traders eye $28K retracement as BTC price retains 20% gains
BTC price could be in line for a dip of around $2,000 after days of straight upside, with Bitcoin buyers lying in wait.
Bitcoin traders eye $28K retracement as BTC price retains 20% gains
Bitcoin (BTC) lingered near $30,000 on June 22 as traders sought opportunities to “buy the dip.”
BTC/USD 1-hour chart. Source: TradingViewBitcoin dip-buyers "ready" for $28,000
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD volatility calming overnight after rapid gains.
BTC price performance had wowed the day prior, the largest cryptocurrency returning to the $30,000 mark for the first time since mid-April.
Now, hopes were increasing over a modest correction next, enabling lucrative entry points for further long positions.
“Bitcoin looking at this scenario,” Michaël van de Poppe, founder and CEO of trading firm Eight, told Twitter followers.
Web3 startups get security boost as CertiK joins Cointelegraph Accelerator
Blockchain security expert CertiK becomes a mentor for the Cointelegraph Accelerator program’s participants.
Bitcoin Equities ETF hits Euronext Amsterdam stock exchange
Dutch investors now have access to a Bitcoin equities exchange-traded fund on the Euronext Amsterdam stock exchange.
Binance faces scrutiny in Brazil, exec summoned to testify before Congress
This development comes amid a global regulatory crackdown on Binance, which is facing scrutiny in multiple countries.
Ripple gets in-principle nod for digital asset services in Singapore
Blockchain-based payments firm Ripple has obtained in-principle regulatory approval from Singapore’s financial regulator to offer digital asset payments and token products in the city-state.
Ripple confirmed the approval from the Monetary Authority of Singapore (MAS) in a June 22 statement. The approval will allow its subsidiary — Ripple Markets Asia Pacific — to further scale its On-Demand Liquidity (ODL). The ODL helps Ripple’s customers to move XRP around the world without the banks intervening as intermediaries.
The firm applied for the institutional payment license under Singapore’s Payment Service Act.
Ripple CEO Brad Garlinghouse praised the Singaporean regulator for its “pragmatic, innovation-first approach” to cryptocurrency-related services, adding that the country will provide a “prominent gateway” for Ripple’s business operations in the Asia Pacific region.
Ripple’s chief legal officer, Stu Alderoty also noted that Singapore’s “early leadership” is paving the way for other regulators looking to develop a “clear taxonomy and licensing framework.”
Ripple gets in-principle nod for digital asset services in Singapore
Ripple says the "in principle" approval will help scale its "On-Demand Liquidity," the service it uses to source XRP liquidity to customers.
Ripple gets in-principle nod for digital asset services in Singapore
Ripple says the "in principle" approval will help scale its "On-Demand Liquidity," the service it uses to source XRP liquidity to customers.
Starknet moves closer to EVM compatibility with upcoming ‘Kakarot’ testnet
With fresh funding under its belt, a new zkEVM is set to go to testnet in August, allowing developers to write in any EVM-compatible language on Starknet.