Nick Szabo, a cryptographer and computer scientist who has occasionally been linked to Satoshi Nakamoto in the cryptocurrency world, compared Bitcoin and gold in terms of cost, storage, and transfer. Szabo argued that Bitcoin has some significant advantages over physical gold, especially for individual investors. According to Szabo, Bitcoin is “slightly cheaper” than physical gold
Investors are now eyeing this week’s release of January’s delayed inflation print, following a hot labor report on Wednesday that showed the economy added 130,000 new jobs for the month. The release of fresh U.S. consumer price index data, pushed out due to the government’s partial shutdown and now expected Friday, is forecast to show
Coinbase, the largest publicly traded crypto exchange in the U.S., faces mounting pressure from Wall Street as analysts slash price targets ahead of its quarterly earnings report scheduled for Thursday. Shares of the San Francisco-based firm have dropped 34% since January, trading near $152 after falling 6% today. The decline mirrors a broader pullback in
The UK Treasury has selected HSBC Holdings, Europe’s largest bank by assets, and Ashurst, a prominent international law firm, to lead a pilot program for digital gilt, a move that could make the UK the first G7 country to issue sovereign bonds directly on a blockchain. The pilot will take place in the Bank of
Stretch (STRC), the perpetual preferred equity issued by Strategy (MSTR) the world’s largest corporate bitcoin holder reclaimed its $100 par value during Wednesday’s U.S. session for the first time since mid-January. STRC trading at or above par enables the company to resume at-the-market (ATM) offerings to fund further bitcoin acquisitions. STRC last hit the $100
The DeFi ecosystem is looking at a major change as it relates to both interoperability and security designed for consumers. OKX Wallet announced the inclusion of the DEX API into the Ledger ecosystem, bridging high-end hardware security and enormous liquidity. This partnership is an important development for users who want to use self-custody, as users
The odds of a U.S. government shutdown before February 14 continue surging. The spikes come as Bitcoin and broader crypto markets continue to slide, with total market cap falling 1.8% to $2.3 trillion. Meanwhile, the Fear and Greed Index has dropped to 9 from 10, adding to concerns Bitcoin could fall again after dipping below
The largest realized loss in bitcoin history occurred during last week’s market downturn, shattering previous records as the asset plummeted from $70,000 to $60,000 on Feb. 5. According to Glassnode, the Entity-Adjusted Realized Loss reached $3.2 billion. This metric exclusively tracks the USD value of moved coins sold below their acquisition price while filtering out
The odds of a government shutdown in the United States taking place before Saturday, February 14, have surged to 85%. This rise has occurred amid a sustained downward trend in Bitcoin and the overall crypto market, with total market capitalization currently at $2.3 trillion, down 1.8%. In response to this situation in the crypto industry,
Despite a bearish cryptocurrency market, ETF issuers continue to push forward with new filings, betting that demand for digital asset funds will remain strong. Summary ETF issuers like Bitwise, ProShares, and 21Shares are advancing with new filings, including plans for Uniswap-linked and leveraged Bitcoin/Ether ETFs. The crypto ETF market is crowded, with over 140 existing