Harvard economist Kenneth Rogoff, who once predicted Bitcoin would sooner crash to $100 before it hits $100,000, has admitted a lot has changed since his comments seven years ago — though he seemingly still hasn’t come around to Bitcoin. “Almost a decade ago, I was the Harvard economist that said Bitcoin was more likely to…
Key takeaways: President Donald Trump’s push for aggressive interest rate cuts could trigger a surge in inflation, weaken the dollar, and destabilize long-term bond markets. Even without rate cuts, trade policy and fiscal expansion are likely to push prices higher. Bitcoin stands to benefit either way—whether as an inflation hedge in a rapid-cut environment, or…
What percentage of Bitcoin is owned by BlackRock? BlackRock’s entry into the Bitcoin market through the iShares Bitcoin Trust (IBIT) has marked a new era in institutional Bitcoin accumulation. Since its launch on Jan. 11, 2024, IBIT has grown at a pace that few expected, and no other ETF has matched. As of June 10,…
The US Securities and Exchange Commission (SEC) has delayed rulings on three high-profile crypto exchange-traded funds (ETFs), extending review deadlines into October. In notices filed Aug. 18, the agency set new decision dates of Oct. 8 for NYSE Arca’s Truth Social Bitcoin and Ethereum ETF, Oct. 16 for 21Shares’ and Bitwise’s Solana ETFs, and Oct….
Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, has added more BTC to its balance as the price swung to new all-time highs before retreating last week. Strategy acquired 430 Bitcoin (BTC) for $51.4 million during the week ending Sunday, according to a US Securities and Exchange Commission filing on Monday. The new Bitcoin…
A crypto influencer has been sentenced to just over a year in prison for what US prosecutors called a large-scale cryptojacking operation that defrauded two major cloud computing providers. The Department of Justice (DOJ) said on Friday that a Brooklyn federal court sentenced Charles O. Parks III, who also went by “CP3O,” to one year…
Key takeaways: XRP’s rally to $3 has pushed 94% of supply into profit, a level that historically marked macro tops. XRP is in the “belief–denial” zone, onchain metrics show, echoing peaks in 2017 and 2021. XRP’s (XRP) rally to over $3 has pushed nearly 94% of its circulating supply into profit, Glassnode data shows. As…
Galaxy Digital CEO Mike Novogratz says a million-dollar Bitcoin next year wouldn’t be a victory but rather a sign that the US economy is in serious trouble. “People who cheer for the million-dollar Bitcoin price next year, I was like, Guys, it only gets there if we’re in such a shitty place domestically,” Novogratz told…
The crypto sector in the United Arab Emirates (UAE) is on track to become its second-largest industry in the next five years, due to the country’s regulatory policies and attractive business environment, according to Chase Ergen, a board member of publicly traded digital asset investment firm DeFi Technologies. “They have a reputation for leadership, legislation,…
Gemini Space Station, the crypto exchange and custodian founded by Cameron and Tyler Winklevoss, has filed with the US Securities and Exchange Commission to list its Class A common stock on the Nasdaq Global Select Market under the ticker GEMI. Founded in 2014, Gemini operates a regulated crypto exchange, custody service, and a range of…
