Bitcoin a Hyped-up Fraud and a Pet Rock – JPMorgan CEO

Bitcoin (BTC) has its share of haters.   One of the most prominent is JPMorgan’s Chairman and Chief Executive Officer, Jamie Dimon.  He has been a Bitcoin critic for years and even described the top cryptocurrency project as fool’s gold and…

Reserve Bank of India(RBI) Governor Mr.Das says Crypto must be banned and compares it to gambling

RBI (Central Bank) has been playing the ban game for a while and ruling against its citizens to have control over the Indian currency. They have gone to the extent of not allowing fiat to crypto transfer and even taxing…

Novogratz’s Galaxy Digital Saves Argo From Bankruptcy With $100M Mining Rig Acquisition

Michael Novogratz’s crypto-focused financial services firm, Galaxy Digital, will purchase Argo’s Helios Bitcoin (BTC) mining facility and provide an additional $35 million loan to assist with restructuring efforts. This was announced in an official press release issued by Argo Blockchain.…

Cardano Advances Blockchain Technology with Two New Innovations

Charles Hoskinson’s Cardano, a blockchain platform known for its emphasis on security, scalability, and sustainability, is introducing two new innovations that are expected to advance the platform’s capabilities. Cardano’s New Price Index The first innovation is CIP-1694, a mechanism for…

New Research Shows Smaller Bitcoin Investors Are Buying As Whales Sell Off

According to on-chain data, some non-whale Bitcoin investors appear to have had no problems with the cryptocurrency bear market or the fear, uncertainty, and doubt (FUD) surrounding the demise of FTX. A Tale of Shrimps and Crabs According to research…

Binance Publishes BTC Proof Of Reserves to Reassure Customers Of Funds Safety

As promised by CZ, the CEO of Binance, the exchange has made public its proof of reserves for Bitcoin. On-chain reserves totaling more than 582,000 BTC—more than 1% of the entire amount of client deposits—back consumer funds. Proof Only Covers…

Belgium Declares that Bitcoin and Ethereum Are Not Securities

Belgium’s Financial Services and Markets Authority has declared that crypto assets without issuers, like Bitcoin (BTC) and Ethereum (ETH), are not securities. In a press release on November 24, the financial regulator stated that it is unconcerned with the technology…

Grayscale Holds 633K Bitcoins According to An Independent Research Report

Since FTX’s demise, other exchanges and digital asset managers have been under growing pressure to show that they actually have the cash they claim to. A major black swan event would be the liquidation of GBTC’s holdings or its collapse…

New York Governor Bans Crypto PoW Mining For 2 Years

On November 22, New York Governor Kathy Hochul officially enacted a two-year ban on proof-of-work (PoW) crypto mining, making it the first state in America to do so. Mining Now Restricted to Green Companies The PoW mining moratorium will not…

El Salvador Begins Dollar Cost Averaging On Bitcoin Despite the Crypto Winter

El Salvador, the first country in the world to accept Bitcoin as legal cash in September 2021, is restarting its BTC purchases after pausing for several months due to the market’s bearishness. The Bitcoin Hoarding Begins El Salvador’s president Nayib…

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