Bitcoin’s Value Could Decrease Following SEC Approval of Spot Bitcoin ETFs, According to Peter Schiff The Anticipated Drop in Bitcoin’s Value Gold bug and economist Peter Schiff predicts a potential drop in Bitcoin’s value following the Securities and Exchange Commission’s (SEC) approval of several spot Bitcoin ETFs. Schiff believes that this approval could pave the…
Crypto Regulation: Senator Warren’s Inquiries and Their Impact The Letters: Senator Warren’s Concerns On December 18, 2023, US Senator Elizabeth Warren sent three letters to the Coin Center Director Jerry Brito, Blockchain Association CEO Kristin Smith, and crypto exchange Coinbase. The senator set January 14, 2024, as the deadline for a response to her inquiries….
What Does the New IRS Rule Mean for Crypto Traders? IRS Delays Reporting Requirements for Cryptocurrency Transactions United States businesses won’t yet need to report cryptocurrency transactions above $10,000 to the Internal Revenue Service (IRS) until the tax agency releases a regulatory framework. On Jan. 1, a law requiring all U.S. businesses to report cryptocurrency…
The Bitcoin Market through the Lens of Stock-2-Flow: A Closer Look In a recent post that echoes his previous analysis, the renowned Stock-2-Flow (S2F) model creator, PlanB, highlighted a pivotal phase transition in the Bitcoin market. However, it may remain unrecognized by many. Reflecting on his analysis from January of the previous year, PlanB recalled…
The X Platform: A Game Changer in the Crypto World Buckle up, Dogecoin Lovers! What’s the Buzz About? So, you’ve probably heard the latest gossip in the crypto community – The X (formerly Twitter) platform is gearing up to launch its payment services, with rumors swirling around the inclusion of Dogecoin (DOGE) in its payment…
The Rise in Adoption of ITSM Infrastructure and Digital Business Transformation Impact on Global ITSM Market The global IT Service Management (ITSM) market is experiencing significant growth due to the increasing adoption of its infrastructure across various end user industries. This is coupled with a surge in digital business transformation initiatives, which are driving the…
CoinGecko Uncovers High Failure Rate of Cryptocurrencies An 11.01% Failure Rate For The Altcoin Sector CoinGecko’s most recent report sheds light on the failure rate of cryptocurrencies over the past decade. The report highlights the increasing number of “dead” altcoins that have emerged as projects either deactivate, rebrand, lose trading activity, or are exposed as…
The Ethereum Price and Celsius Network Scandal What’s Going on with Ethereum? The Ethereum price might be doing well post-spot Bitcoin ETF launch, but recent moves by Celsius threaten to destabilize the price movement. The now-bankrupt crypto lender seems to have begun its reimbursement plan to its creditors, as on-chain data reveal the movement of…
