Is Bitcoin set for 400% gains against gold? Veteran analyst weighs in

The number of wallets with less than $10 in BTC swelled by 75% in the same period but cryptocurrency’s middle class shrank.

Although the crypto industry has long been touted as the solution to some of the longest-running issues in the global economy, there’s one problem it has been unable to shake off so far: fraud.Scams have been in operation for centuries — from counterfeited versions of luxury products, to Ponzi schemes that have collapsed, leaving hard-working…

His last reported Bitcoin holdings were 0.25 BTC. 4584 Total views 18 Total shares Elon Musk, CEO of SpaceX and Tesla, has surpassed the net worth of Amazon founder Jeff Bezos.“Elon Musk has become the world's richest person, as his net worth crossed $185bn (£136bn),” the BBC reported on Thursday. The futuristic businessman gained staggering…

The collapse of Silicon Valley Bank (SVB), which suffered a bank run after revealing a hole in its finances over the sale of part of its inflation-hit bond portfolio, led to a depegging event for major stablecoins in the crypto sector, leaving many to wonder whether it was a simple stress test or a sign…

OpenSea also announced expanded support with Polygon, and noted that “Buyers no longer have to pay blockchain fees when making trades on OpenSea.” 599 Total views 4 Total shares OpenSea has become the latest crypto unicorn after it announced a $100 million Series B funding round led by venture capital firm Andreessen Horowitz at a…

Bitcoin once promised that it would help realize the lofty goal of making individuals “their own bank.” To understand the many services that banks truly provide is also to realize how preposterous this claim was in 2008, when Bitcoin’s white paper made it. More than a decade later, the grandfather cryptocurrency is still on the…

A senior executive from U.K.-based bank HSBC has said that time-efficient distributed ledger technologies (DLT) and central bank digital currencies (CBDCs) represent a “great challenge” to existing real-time gross settlement (RTGS) systems, Cointelegraph learned at the Money20/20 conference Oct. 23.HSBC’s Global Innovation Lead for Global Liquidity & Cash Management, Craig Ramsey, made his remarks during…

Crypto firms, wealth management companies, and retail and wholesale banking remain “particularly vulnerable” to financial crime, according to a U.K. Treasury report.