The Philippines might be about to become a blockchain pioneer. Senator Bam Aquino wants to put the country’s entire national budget onto a blockchain. His goal? More transparency and accountability in government spending. A Transparent Budget? Aquino’s plan is to log every single government transaction on a blockchain, making it visible to everyone. He acknowledges…
Market analyst Mihai Jacob isn’t buying the recent Bitcoin price bump. He thinks the rally following Powell’s speech was more hype than substance and predicts a significant drop is still on the cards. Powell’s Speech: Short-Lived Relief? Jacob previously identified $110,000 as a crucial support level for Bitcoin. While Powell’s hints at potential interest rate…
Bitcoin’s recent price drop has everyone worried. It’s broken through some important support levels, leaving many wondering what’s next. Could we see a quick bounce back, or is this the start of a much bigger downturn? Bitcoin Breaks Key Support One crypto analyst pointed out that Bitcoin has fallen below a crucial support level. This…
A huge crypto market crash left a lot of traders with major losses. Over $900 million was wiped out in a single day as Bitcoin plummeted to its lowest point in seven weeks. Big Losses for Traders Around 200,000 traders were forced to sell their holdings as Bitcoin’s price tanked. Most of these losses were…
BlackRock, the world’s largest asset manager, recently made a huge splash in the crypto world, buying up a massive amount of Bitcoin (BTC) and Ethereum (ETH). This shows just how much big players in traditional finance are embracing crypto. A Two-Day Shopping Spree Over just two days, BlackRock reportedly spent around $750 million on BTC…
MicroStrategy’s recent decision to sell a massive amount of stock to buy more Bitcoin has raised eyebrows among investors. The timing and scale of the stock sale have sparked concerns about shareholder dilution and the company’s overall financial strategy. A Sudden Shift in Strategy Reports show MicroStrategy dramatically changed its public statements on August 18th….
Big players are shaking up the crypto world with new Layer 1 blockchains. Forget the hype around Layer 2 and 3 – the focus is back on the basics. The Layer 1 Battle: Google vs. Stripe vs. Circle Three tech giants are building their own Layer 1 blockchains: Google: Announced the Google Cloud Universal Ledger…
Ethereum (ETH) spot exchange-traded funds (ETFs) have recently shown surprising strength. For a full week, they outperformed their Bitcoin (BTC) counterparts, a trend that’s catching the attention of market analysts. What are Spot ETFs? Spot ETFs are investment tools that let you get exposure to an asset like ETH or BTC without directly owning it….
Circle and Paxos are teaming up to make verifying crypto holdings much easier and safer. They’re working with a fintech startup called Bluprynt to test a new system that uses cryptography and blockchain. Shining a Light on Stablecoins This new system traces each token back to its source, making things much clearer, especially for stablecoins….
Metaplanet, a Japanese investment firm often called “Japan’s MicroStrategy,” is going all-in on Bitcoin. They’ve announced a massive plan to raise $880 million through an international share sale, with the vast majority – about $835 million – earmarked for buying even more Bitcoin. Fueling the Bitcoin Fire This isn’t a small-scale operation. Metaplanet will issue…
