FTX's Collapse Triggers Dramatic Shift Towards Self-Custody for Bitcoin and Ethereum
The most notable outcome of the FTX fallout has been the mass withdrawals of BTC and ETH from crypto exchanges into self-custody wallets as the debate on the dependability of centralization fires up.
Pantera Buys $140 Million Bitcoin
The Pantera Bitcoin Fund has bought $137 million worth of bitcoin according to Matthew Gorham, its Chief Operating Officer.
Bitcoin Lender and Custodian Unchained Capital Announces Job Cuts
Joe Kelly, CEO of Bitcoin financial services outfit Unchained Capital, said the company will reduce its staff by “roughly 15%” as part of efforts to manage the business during the current crypto bear market.
Billionaire Tim Draper Explains Why He Believes Bitcoin (BTC) Will Surpass $250,000 in the Long Run
Tim Draper, the billionaire founder of Draper University, has recently reiterated his bullish stance on the future of Bitcoin (BTC). He also explained why he remains resolute that BTC will surpass $250,000 someday.
Bitcoin Scarcity Rises As Bad Exchanges Take 1.2M BTC Out of Circulation
One of the biggest factors differentiating Bitcoin (BTC) from fiat currency and most cryptocurrencies is the hard limit of 21 million on its total circulating supply. However, the demise of numerous crypto exchanges over the last decade has permanently taken out at least 5.7% (1.2 million BTC) of the total issuable Bitcoin from circulation.
Top Economist Says Bitcoin in Real Trouble Over Grayscale Concerns
Peter Schiff, the Chief Economist at Euro Pacific Capital, has been actively fostering Bitcoin (BTC), selling a narrative to his 869K Twitter followers. In a recent tweet, Schiff indicated that a new record had been set after Grayscale’s Bitcoin Trust (GBTC) traded its net asset value at a 46% discount. The prominent Bitcoin skeptic noted that something is “going on” with Bitcoin, adding that the world’s largest cryptocurrency seems to be in “real trouble.”
World's Coolest Dictator Is Buying One Bitcoin a Day — You'll See Why He'll Go Down in History
While no one knows if El Salvador can hang on to its Bitcoin for five years through at least one inevitable recession, you have to agree it’s a bold move that could pay off.
Bitcoin Financial Services Firm Unchained Capital Cutting Staff, Reshuffling Management
Unchained Capital reduced its workforce by about 15% and moved its head of business development Parker Lewis to the board of directors as well as chief product officer Will Cole to a senior advisory role.
Binance Sees Record 138K BTC Inflows As Opinions Differ on What Bitcoin Price Will Do Next
Bitcoin (BTC) inflows to largest exchange Binance just saw a giant spike reminiscent of the 2018 bear market capitulation.
Bitcoin Bull Tim Draper Sticks To $250,000 Price Prediction For BTC In 2023
Billionaire venture capitalist Tim Draper is convinced that Bitcoin will tap $250,000 in the first half of 2023, despite the ongoing crypto winter. Earlier this week, the businessman noted that not even the ongoing FTX crisis would stop the top cryptocurrency from achieving that target.
