Is a Massive Bitcoin Sell-Off Approaching? Peter Schiff Claims MicroStrategy and BlackRock Will Sell Their BTC

TL;DR Peter Schiff predicts that MicroStrategy and BlackRock could be forced to sell their Bitcoin holdings. MicroStrategy holds about 226,500 BTC, while BlackRock’s IBIT ETF holds about 343,387 BTC. The sale of such large amounts of BTC could cause a significant drop in its price, similar to that seen when Germany sold a $3 billion […]

The Key to FROST: What is Distributed Key Generation?

Multisig is a familiar concept for most in Bitcoin: a multisig transaction requires approval from multiple parties before it can be executed. We distinguish between “n-of-n” multi-signatures, where the number of involved parties is n, and they all need to approve, and “t-of-n” threshold signatures, where only a smaller number t of participants need to […]

NFT Sales Decline for Second Consecutive Month in July 2024

In July 2024, the NFT market experienced a significant downturn, marking the second consecutive month of declining sales. According to recent data, NFT sales plummeted by 36% compared to the previous month. This decline follows a similar trend observed in June, indicating a challenging period for the digital asset market. Several factors have contributed to […]

Peter Schiff Warns US Recession; Predicts Inflation Spike Ahead

Renowned Bitcoin critic Peter Schiff has issued a stark warning, declaring that the United States has entered a recession. He also predicts a looming spike in inflation, which could complicate the Federal Reserve’s rate-cut decisions. This comes amid recent job data that has increased expectations for a significant rate cut by the Fed. Peter Schiff […]

Cardano Goes Toe-To-Toe With Ethereum As Whales Scoop Up 120 Million ADA

Cardano (ADA) is currently competing with Ethereum in terms of large transaction volume. This is undoubtedly a positive development for the ADA ecosystem, especially since it indicates a wave of accumulation among the token’s large holders.  Cardano Matches Ethereum In Large Transaction Volume Data from the market intelligence platform IntoTheBlock shows that Cardano is witnessing […]

Can Ethereum Classic Price Survive $800K Liquidations?

The cryptocurrency market is facing significant challenges following July’s volatility. Ethereum Classic price has not been immune to these headwinds, dropping 5.4% over the past week and an additional 2% in the last day to trade at $21.34 during US business hours on Tuesday. ETC Futures Liquidations Surge The Ethereum Classic futures market faced more […]

Breaking: Genesis Moves $1.5 Bln In BTC and ETH For Creditor Repayment

Once bankrupt crypto lending giant Genesis Global has moved the sum of $1.5 billion as in what appears as funds for creditor repayment. Crypto data analytics platform Arkham Intelligence shared the update noting the funds moved are domiciled in Bitcoin (BTC) and Ethereum (ETH). Genesis To Do Right by Its Creditors The implosion of the […]

Morgan Stanley To Offer Bitcoin ETF To Qualified Clients: Report

Morgan Stanley has announced plans to offer Bitcoin ETFs to its selected clients based on certain criteria. This decision, reported by CNBC on Friday, marks a significant milestone as Morgan Stanley becomes the first among major Wall Street banks to take this step. Morgan Stanley’s Bitcoin ETF Announcement Morgan Stanley has made a groundbreaking announcement, […]

Vitalik Buterin on Ethereum’s Future: Ease of Use for All While Staying True to Core Values

TL;DR Balancing Needs: Vitalik Buterin emphasized the importance of making Ethereum accessible to both newcomers and experienced users while maintaining its core values. Challenge of Accessibility: Developers face the challenge of appealing to users of varying skill levels without relying on centralized infrastructure. Buterin stressed the importance of creating applications. Cross-Chain Interoperability: Buterin urged developers to reduce friction […]

Cardano Hits Major Network Milestone, Teases Hydra Update

Cardano founder Charles Hoskinson has gotten the ADA community excited with a recent announcement about Hydra. He teased his followers about the coming of the long-awaited upgrade. The reactions and responses suggest that the community is ready to welcome the scaling protocol. Cardano Hydra Update Restores Community Confidence Hoskinson’s X post suggested that the Hydra […]