It's time to ditch Bitcoin Power Law Theory
The Bitcoin Power Law Theory relies purely on mathematics. It doesn’t account for the human nature of how Bitcoin is traded.
Related Posts
Arrest made in Nigeria’s Patricia Technologies crypto wallet heist
A spokesperson for the Nigerian Police Force said that Wilfred Bonse, a Nigerian politician, has been arrested for the theft, the conversion of cryptocurrency wallets, and the unauthorized fund diversion from Patricia Technologies. 292 Total views 4 Total shares The Nigeria Police Force (NPF) said it has arrested one politician, Wilfred Bonse, for the theft
Major Donations Are Coming From Crypto Industry to Fight COVID-19
All over the world, doctors, nurses and medical resources are strained as the fight against the coronavirus continues. In response, many charitable organizations and philanthropists from various industries have come forward to offer their support. In the cryptocurrency industry, companies such as BitMEX, Binance and the Stellar Foundation have been making headlines week after week for…
Belgian financial regulator orders Binance to cease all virtual currency services
The regulator said Binance must cease “with immediate effect” all crypto-related services in Belgium after being unable to provide sufficient information on its non-EEA companies. The Belgian Financial Services and Markets Authority (FSMA) has ordered major cryptocurrency exchange Binance to stop offering crypto exchange and custody wallet services. In a June 23 notice, the FSMA said…
New SEC boss Paul Atkins will transform crypto… but not right away
Trump’s new pick for the next SEC Chair is a win for the crypto industry, but the desired changes may be slow to come into play.
US SEC Delays Decision on Bitwise Bitcoin ETF, Seeks Public Comment
The United States Securities and Exchange Commission (SEC) has again delayed its decision on cryptocurrency index fund provider Bitwise Asset Management’s bitcoin (BTC) exchange traded fund (ETF). The development was revealed in a filing published by the SEC on May 14.In the recent filing, the SEC revealed that it has delayed its decision on whether…
US prediction market Kalshi scores 'huge win' against CFTC
US citizens can now reportedly use Kalshi to bet on the upcoming election through derivatives after a judge overturned the CFTC's decision. However, the CFTC still has the option to appeal.
Bitcoin fails to crack $39K on Wall Street open as markets await Fed inflation decision
Bitcoin price action begins to show signs of instability as $39,000 provides near-term resistance. 810 Total views 3 Total shares Bitcoin (BTC) began to show fresh volatility as Wall Street trading began on March 15, ahead of a crucial interest rate announcement from the United States Federal Reserve.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewCrunch time…
Kazakhstan officially launches digital tenge
The chairman of the National Payment Corporation has made the first transaction with the central bank digital currency. 106 Total views 1 Total shares The chairman of Kazakhstan’s National Payment Corporation (NPC), Binur Zhalenov, has made the first transaction with the central bank digital currency (CBDC). During his speech at the XI Congress of Finance