JPMorgan’s long-term CEO, Jamie Dimon, once called bitcoin a “fraud,” said that it was “worthless,” and described it as a “decentralized Ponzi scheme.” Moreover, he claimed that if he were using the government, he would shut it down. Fast-forward several years, and the banking behemoth he runs is putting traditional finance on public blockchains, accepting […]
Bitcoin is being pulled into a broader risk-off trade as AI-related credit stress collides with another surge in oil prices, and both take place just days before the next FOMC meeting. A recent report by QCP said BTC is still behaving like a risk asset, while the latest Middle East escalation has pushed Brent above […]
US President Donald Trump doubled down on his promise to distribute a $5,000 “dividend” to every adult US citizen if Republicans retain control of Congress in November. Popular analyst Crypto Rover outlined his take on the matter and why he believes the enormous liquidity injection, which is far from being certain at this point, could […]
PeckShield counted 55 major crypto hacks in September, totaling $766.49 million in losses. That is about 462% above August’s $136.3 million, and two incidents account for nearly all of it. Two Breaches Dominate the Month The Bitget incident, at about $387 million, and the Liquid Network theft of about $320 million, of which $285 million […]
Robert Kiyosaki, who has frequently put BTC, ETH, silver, and gold into the same investment bracket, has compared owning some of these assets to carrying insurance against financial trouble. The author of best-sellers such as “Rich Dad, Poor Dad” said preparing for monetary instability is not the same as predicting disaster. Moreover, he used the […]
Researchers behind Alloc Init have proposed “Shielded Bitcoin,” a metaprotocol designed to hide BTC transfer amounts and counterparties without changing Bitcoin’s consensus rules or relying on trusted bridge operators. The design borrows the encrypted-note approach Zcash made known, but builds it directly on Bitcoin’s existing base layer, using cryptographic proofs instead of a trusted intermediary […]
CME Group will launch Bitcoin Cash (BCH) and Uniswap (UNI) futures on October 19, pending regulatory review, the exchange announced on Tuesday, and BCH climbed from $270 to $328 on Binance within 90 minutes of the 8:30 a.m. ET release. It kept surging in the following hours to $340, while UNI is currently up by […]
Satoshi Nakamoto’s Bitcoin could be among the first major targets of a future quantum attack because many of the earliest units sit in addresses where their public keys are already exposed. Bitcoin security researcher Justin Drake warned in a recent interview with analyst Denis Liu that this vulnerability does not mean users should panic, as […]
Arguably the most well-known investor of our (and the previous) generation, Warren Buffett, has formally stepped down as chairman of Berkshire Hathaway after more than 60 years at the company. He has now become Chairman Emeritus and remains on the board. His son, Howard G. Buffett, will succeed him as chairman, while Greg Abel continues […]
JPMorgan analysts led by Nikolaos Panigirtzoglou said in a note this week that Bitcoin (BTC) could draw more price support than gold if hedging demand in the ETF market eases, with short interest in BlackRock’s iShares Bitcoin Trust (IBIT) sitting near its highest level of the year. IBIT’s put-to-call open interest ratio runs above that […]