Former U.K. Prime Minister Boris Johnson has called bitcoin BTC$70,631.15 a “giant Ponzi scheme,” prompting a swift rebuttal from Strategy chairman Michael Saylor and other netizens. In a column published in the Daily Mail and posted on social media platform X, Johnson wrote that he had long suspected cryptocurrencies relied on “a supply of new
The blockchain trilemma reared its head once more at Consensus in Hong Kong in February, to some extent, putting Charles Hoskinson, the founder of Cardano, on the back foot – having to reassure attendees that hyperscalers like Google Cloud and Microsoft Azure are not a risk to decentralisation. The point was made that major blockchain
According to one analyst, signals are strengthening that the “bear season” in the cryptocurrency markets is coming to an end. Matt Hougan, Chief Investment Officer (CIO) of Bitwise, claims that the massive rise in gold is beginning to lose momentum and that capital will flow back to Bitcoin. Matt Hougan, a figure closely followed in
Wall Street is racing toward tokenized equities and 24/7 trading, but many institutional investors are wary of the instant settlement model. Tokenization refers to representing traditional assets such as stocks on blockchain networks. In theory, the approach could modernize market infrastructure that dates back decades, allowing securities to move and settle instantly while potentially enabling
According to a Bloomberg survey, economists expect the Fed to cut interest rates twice this year. Economists surveyed also expressed some concerns about Kevin Warsh, Donald Trump’s nominee for Fed chairman. A survey of 46 economists revealed that expectations for the Fed’s next interest rate cut have shifted from March to June. Despite this, most
To get an idea of how big a deal AI-based commerce could be for crypto, ask entrepreneurs and developers involved in digital assets, particularly stablecoins. They’ll happily tell you blockchain-based money is the natural fit, an essential element in the mix and so forth. Their logic is simple. Over the past few years, stablecoins —
Bitcoin’s price returned to trade in the red following a five-day rise since the March 9 low of $65,820. The largest cryptocurrency rose to $73,698 on Friday, the top of its recent trading range, before retreating. In a tweet, veteran trader Peter Brandt highlights a familiar pattern on the Bitcoin chart, which was accompanied by
Trading veteran Todd Horwitz is warning that the United States economy could be heading toward a severe downturn reminiscent of the 2008 financial crisis as economic pressures build beneath seemingly stable financial markets. His concerns come as recent data showed the U.S. economy expanding at a much slower pace than expected, he said in an
The Bitcoin network saw its 20 millionth $BTC mined this week, leaving just 1 million coins left to be paid as rewards to miners. The milestone has crypto industry observers taking stock of the rapidly changing Bitcoin mining industry, and weighing the economics of a shifting landscape against expectations of Bitcoin’s performance as an investment.