Crypto went through some turbulent months during the second half of ’22, but that might now largely be over as the excesses and carelessness of the bull exuberance might largely have been erased by th...
Tag: Trustnodes
Bitcoin Soars Above $26,000 on Bank Collapses – Trustnodes
Bitcoin has risen above $26,000 for the first time in nine months since the Luna collapse in June sent its price diving from $32,000. That $32,000 might now be the new resistance in due course after w...
USDc and DAI Re-Peg – Trustnodes
USDc is back to being worth precisely one dollar after it fell to as low as 88 cent following revelations Circle held $3 billion in the Silicon Valley Bank (SVB). The near collapse of SVB, which at so...
Apes Come to Bitcoin Ordinals NFT – Trustnodes
The monkeys are coming as copycats on the new bitcoin based NFT protocol called Ordinals. A team from Dubai is launching 10,000 BAYC BTC, as well as some monkeys with Satoshi masks. They are not affil...
Speculation Intensifies Hong Kong Opening Up to Crypto as China FDI Plunges – Trustnodes
Interactive Brokers, one of the biggest stock trading platform, is launching bitcoin and eth trading in Hong Kong. “Investor demand for digital assets continues to grow in Hong Kong and around the wor...
Bitcoin Crosses $25,000 – Trustnodes
Turns up Mozart Bitcoin has surprised everybody by suddenly jumping to just slightly above $25,000 with it currently trading just under the resistance line. That’s while stocks are red a bit, down abo...
Bitcoin Nears $23,000 – Trustnodes
Wow bitcoin stood. The crypto crisis as the media calls it is clearly being seen by cryptonians as more the crypto can play too with bitcoin now recovering and pretty much fully. Why? First, let’s sta...
Bitcoin Crosses Above $22,000 – Trustnodes
Bitcoin has once again risen above $22,000 for the first time since last week with ethereum also briefly crossing $1,550. While some traders expected a further slide amid significant FUD, bitcoin is i...
Bitcoin Volatile as Inflation Falls Slightly – Trustnodes
January’s inflation data will be a bit disappointing for markets with the Consumer Price Index (CPI) down by only 0.1% from January on the annual measure to 6.4% from 6.5%. That’s slightly higher than...
Brian Armstrong Goes to Washington DC – Trustnodes
Coinbase’s co-founder Brian Armstrong is in a Senate office building currently following regulatory action on Kraken’s staking and Paxos’ bUSD stablecoin. “I’m in Washington D.C. and had a meeting can...
Bitcoin Unfazed By Regulatory Actions – Trustnodes
Bitcoin is holding out above $21,000 despite unprecedented action by the Securities and Exchanges Commission (SEC), though not directly related to bitcoin. Their decision to stop staking at Kraken, on...
SEC Seems “Strangley Amateurish” Says Paul Graham – Trustnodes
Paul Graham, the founder of the Silicon Valley based startup incubator Ycombinator, has called the Securities and Exchanges Commission (SEC) “amateurish.” “They do seem strangely amateurish, for a gov...
USDc Burns $5 Billion – Trustnodes
The USDc market cap is down from $44 billion last month to $38 billion with $4.7 billion of it burned just on Friday according to blockchain data. “4.7B USDC have been burned by Circle and Coinbase wi...
bUSD to be Phased Out, SEC Gives Notice – Trustnodes
The tokenized dollar bUSD, with a market cap of $16 billion, is gradually being phased out after its issuer, Paxos, was ordered to stop minting. “We were informed by Paxos they have been directed to c...
Congress, the Answer to SEC? – Trustnodes
“A paternalistic and lazy regulator settles on a solution like this one: do not initiate a public process to develop a workable registration process that provides valuable information to investors, ju...
Coinbase to Fight SEC in Court Over Staking – Trustnodes
“We don’t play games,” Paul Grewal, the Chief Legal Officer at Coinbase, stated after the US Securities and Exchanges Commission (SEC) announced a settlement with Kraken over staking. “The public sho...
Kraken Stops Ethereum Staking, Fined $30 Million – Trustnodes
Kraken, one of the biggest crypto exchange has been forced to stop providing staking services by the Securities and Exchanges Commission (SEC). “Whether it’s through staking-as-a-service, lending, or ...
Did China Print Half a Trillion? – Trustnodes
While the money supply is contracting in both the United States and Europe, China’s printer is at full swing. It has added about 24 trillion CNY over last year, worth $3.5 trillion, bringing their M3 ...
World Holds Breath For Russian Surge – Trustnodes
500,000 Russian troops are at the edges of Europe near or in Ukraine in what the Institute for the Study of War (ISW) described as an “imminent offensive.” “We do not underestimate our enemy,” the Ukr...
Can Ethereum’s Variable Tokenomics Address Inflation? – Trustnodes
Bitcoin has a fixed supply. Ethereum has a variable supply whereby the supply decreases if the velocity of money increases, and vice versa. That’s a new invention in crypto money. Until now, there was...
MicroStrategy Increased Bitcoin Holdings – Trustnodes
Despite more than $2 billion in paper loses on their bitcoin holdings, MicroStrategy has bought some more during Q4 2022. Their earnings report shows 3,204 bitcoin were bought between September and De...
BlackRock ETF Tokenized on Uniswap – Trustnodes
The iShares Core S&P 500 ETF (CSPX) by BlackRock is now a token on ethereum trading on the defi platform Uniswap. It has the same process as USDc or USDt, but with shares and by an entity that cla...
Nationwide Restricts Payments to Binance – Trustnodes
Nationwide, one of the biggest bank in the United Kingdom, announced a restriction on card payments to Binance, one of the world’s biggest crypto exchange. “Payments to the cryptocurrency firm Binance...
Bitcoin Struggles to Keep $24,000 – Trustnodes
After a jump above $24,000, bitcoin has not quite kept up with Nasdaq today which rose a further 2%. The crypto briefly rose above $24,200 following the dovish press conference by Fed’s chair Jerome P...
The Dollar Strength Index Nears a Yearly Low – Trustnodes
The dollar strength index (DXY) is close to falling below 100 for the first time since April as the euro gains, rising from below parity to near $1.1. The uptrend for USD starting in May 2021 now also...
Bank of England Projects Inflation Will Fall of a Cliff as it Hikes by 0.5% – Trustnodes
Disinflation is on. That’s according to projections by the Bank of England (BoE) which said “we expect inflation to fall quickly this year.” A quick dive is forecasted that expects inflation to fall t...
Bank of England Expects Deflation as it Hikes by 0.5% – Trustnodes
Deflation is coming. That’s according to projections by the Bank of England (BoE) which said “we expect inflation to fall quickly this year.” A quick dive is forecasted that expects inflation to fall ...
Investors Are Sitting on $5 Trillion – Trustnodes
Investors are flush with cash like never before with money market funds holding nearly $5 trillion according to the Investment Company Institute (ICI), an all time high. “Total money market fund asset...
UK Announces Plans to Regulate Crypto – Trustnodes
The United Kingdom has proposed a comprehensive framework to regulate centralized crypto exchanges and entities like custodians. They lay out proposals in regards to crypto trading venues, intermediar...
Celsius Sold Bitcoin and ETH to Buy Own Token Says Examiner – Trustnodes
Celsius, the now defunct crypto lender and borrower, sold bitcoin and eth deposited by customers to buy Cel, its own token, the bankruptcy examiner Shoba Pillay said in a court document. “Celsius did ...
Central Banks Now Need a Bailout – Trustnodes
Central Banks are broke. They’re losing billions and even a trillion for the Federal Reserve Banks with the magic money printer suddenly requiring a taxpayer funded bailout. In the little noticed Out-...
Ethereum’s Supply Nears All Time Low – Trustnodes
Ethereum’s total supply has contracted by more than 4,500 eth, nearing the highest level of contraction since the frenzy of November 16 sent it to minus 6,000 eth. All time low here referring to the p...