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Category Archives: News

Crypto Crossroads: Differing 2024 Forecasts Indicate a Year Full of Pivotal Changes

The Crypto Outlook For 2024 – A Tail of Two Sentiments Enjoying an exciting year, cryptocurrencies, especially Bitcoin, have generated considerable interest and conjecture throughout the previous cycle. Rather significantly, as the year came to a close, both optimism and scepticism peaked. The Motley Fool’s predictions for the crypto world have a touch of pessimism,Continue reading “Crypto Crossroads: Differing 2024 Forecasts Indicate a Year Full of Pivotal Changes”

NFT Sales Witness a Remarkable 63% Yearly Drop as Market Dynamics Alter

A Decline in NFT Sales But Still A Noteworthy Market Shift In an unanticipated shift, Non-fungible tokens (NFTs) saw a notable plummet in sales by 63.35%, ending up at $8.70 billion in 2023. The previous year of 2022 experienced a whopping $23.74 billion, underscoring the substantial drop this past year. An Uptick Did Not OffsetContinue reading “NFT Sales Witness a Remarkable 63% Yearly Drop as Market Dynamics Alter”

Arthur Hayes, Maelstrom CIO, Warns That Big Banks Could Eclipse Tether’s Business Model

Major Financial Institutions May Override Tether’s Business Model, according to Maelstrom’s CIO, Arthur Hayes Arthur Hayes, former head of Bitmex and current CIO at Maelstrom, provided some interesting insight into the potentially precarious future of Tether, along with other similar stablecoin companies. The potential danger for these companies, according to Hayes, is that big banksContinue reading “Arthur Hayes, Maelstrom CIO, Warns That Big Banks Could Eclipse Tether’s Business Model”

First Ever Annual Drop: More than 5700 Crypto ATMs Removed in 2023, Signifying Unseen Recession

A Historical Dip: Crypto ATMs Record First Yearly Decrease, With Over 5,700 Removed From Existence in 2023 From their rise in 2013, crypto ATMs have been a vital part of making cryptocurrencies like Bitcoin and Ethereum more accessible to the masses. However, for the first time ever, 2023 saw a decrease in the number ofContinue reading “First Ever Annual Drop: More than 5700 Crypto ATMs Removed in 2023, Signifying Unseen Recession”

DOJ Decision on SBF Case Sparks Fury in Crypto Industry: Coinbase Labels it a Gross Injustice

The Crypto Industry is Baffled by the Last Minute DOJ’s Dismissal of SBF Case The unexpected dismissal of the second court hearing against FTX’s infamous founder, Sam Bankman-Fried (SBF), by the United States Department of Justice (DOJ) has stirred up a whirlpool of dissatisfaction within the cryptocurrency sector. Key industry figures, including those from theContinue reading “DOJ Decision on SBF Case Sparks Fury in Crypto Industry: Coinbase Labels it a Gross Injustice”

Bit Mining Trades Btc.com Mining Operations at a Whopping $5 Million

Remarkable Market Move: Bit Mining Offloads Btc.com’s Mining Pool Operations at $5 Million Bit Mining Limited has made waves in the world of Cryptocurrency, as it recently unloaded the mining pool operations of Btc.com. Recording this landmark for a whopping sum of $5 million, the transactional maneuver was executed with a Hong Kong-based limited liabilityContinue reading “Bit Mining Trades Btc.com Mining Operations at a Whopping $5 Million”

DOJ Stops FTX’s Bankman Fried’s Second Trial, Citing Enough Initial Evidence and Public Interest

The Unfolding Case Against Former FTX CEO As of the evening of December 29, 2023, the Department of Justice made it known to the presiding Judge Lewis Kaplan, that they have elected not to progress with another trial involving Sam Bankman-Fried, the former head of FTX. No Follow Up Trial for Bankman Fried Last Friday,Continue reading “DOJ Stops FTX’s Bankman Fried’s Second Trial, Citing Enough Initial Evidence and Public Interest”

“Senate Ethics Committee Encouraged to Probe Senator Elizabeth Warren Over Misleading Crypto Declarations”

The Accusation Against Senator Elizabeth Warren The CEO of the reputable digital business entity, the Chamber of Digital Commerce, has recently advocated for the Senate Ethics Committee to initiate a robust review of Senator Elizabeth Warren. This call comes as a result of alleged false and possibly deceptive utterances pertaining to the world of cryptocurrency.Continue reading ““Senate Ethics Committee Encouraged to Probe Senator Elizabeth Warren Over Misleading Crypto Declarations””

Peter Schiff Foresees Unforeseen Events in 2024: Crash, Recession, and High Inflation to Return with Vengeance

Matters of Concern Surfacing for the Economy in 2024: Insight by Peter Schiff Lauded economist, Peter Schiff, has recently shared his economic forecast for the year 2024. As per Schiff, the coming years do not seem to hold promising circumstances for the economic realm. He believes the economy might face a downturn, with high inflationContinue reading “Peter Schiff Foresees Unforeseen Events in 2024: Crash, Recession, and High Inflation to Return with Vengeance”