Analysis Crypto by Thebittimes.Com

The Kingdom of Bhutan’s Bitcoin (BTC) strategy has taken a notable turn with the transfer of part of its holdings to cryptocurrency exchange Binance, suggesting possible plans to sell. Details of the transaction indicate that the country transferred 137.245 BTC, valued at approximately $14.77 million, to the exchange on June 30, according to the latest on-chain data obtained by Finbold from Arkham Intelligence. Kingdom of Bhutan Bitcoin transaction. Source: Arkham The potential for a sale comes as the Asian nation’s Bitcoin stash has grown significantly. As of press time, Bhutan holds 11,924 BTC, valued at approximately $1.28 billion. Notably, these holdings have been built mainly through state-supported mining operations controlled by Druk Holding and Investments. Currently, there is no official explanation for the Binance deposit; however, historically, moving funds to exchanges often signals plans to sell.  Impact of Bhutan’s possible Bitcoin sale ...

The notion that BlackRock gains from cheaper Bitcoin for its ETF launch isn't straightforward, neither is the government's suppression of BTC price. Numerous theories emerge whenever the price of Bitcoin (BTC) takes a sudden and steep drop. The usual suspects include government regulations, the possibility of exchanges manipulating prices, Bitcoin whales manipulating prices, over-leveraged traders, and some conspiracies involving Tether (USDT). SEC kicks Bitcoin ETF can down the road Between Aug. 15 and Aug. 18, Bitcoin's price experienced a significant 12% decline. This occurrence followed a familiar pattern, prompting a variety of reasons put forth by analysts and experts. Unfortunately, due to the decentralized nature of cryptocurrencies and the lack of transparency among exchanges, verifying whether a specific entity influenced the price movement remains a challenging task. On Aug. 11, Ceni, a co-founder of Ceni Capital, made a prediction that turned out to be partial...

Fiscal policy shapes economies through government spending, taxation and borrowing. Fiscal policy is a tool used by governments to regulate economic activities in their country. It involves the use of government spending, taxation and borrowing to influence economic growth, stabilize inflation and maintain a stable economy. This article will explain what fiscal policy is, how it works, and why it is important. What is fiscal policy? Fiscal policy is a tool used by governments to regulate economic activities in their country. It is one of the two main categories of economic policy, along with monetary policy. The main goal of fiscal policy is to control the economy through government spending and taxation. How does fiscal policy work? The government has a number of ways to affect the economy through fiscal policy. One of the primary methods used is government spending. The government may boost economic activity and create jobs by raising spending, which will add more money to the econo...

US politicians, crypto execs, and influencers fired up their Twitter apps upon learning of Sam Bankman-Fried's arrest in The Bahamas. Crypto Twitter has blown up over the shocking news of Sam Bankman-Fried’s arrest in The Bahamas — many of whom weren’t expecting it to happen so soon.  On Dec. 12, the disgraced FTX founder was arrested by the Royal Bahamas Police after receiving notification from the United States government that criminal charges has been filed against him. Within hours, politicians, crypto executives and influencers all booted up their Twitter apps to comment on the arrest of the FTX’s former CEO. New York Democratic Congresswoman Alexandria Ocasio-Cortez, who’s held a fairly neutral view on the crypto industry to date, told her 13.4 million Twitter followers that Bankman-Fried’s was a step in the right direction towards “justice being served,” but noted that the arrest would likely postpone Bankman-Fried’s testimony before the House Financial Services Committee, ...

To distance themselves from the failed exchange, some politicians have already resorted to donating funds they received from FTX to charity. Following the collapse of FTX and its bankruptcy filing on Nov. 11, $73 million worth of its political donations are currently at risk of being recalled to repay the failed exchange’s creditors, according to a report by Bloomberg. Speculators online allege that the former FTX CEO and his executives sought to influence industry regulations with their generous multi-million dollar donations to politicians and super-PACs. Sam Bankman-Fried, along with his executives Ryan Salame and Nishad Singh, are believed to have been among high paying donors to both the Republican and Democratic U.S. political parties.  Many politicians who were at the receiving end of FTX’s generosity now face difficulty on what to do next, as they may be forced to return the money to the bankruptcy trustee.  In order to distance themselves from the disgraced and fraudu...

The future collapse of fiat currencies could propel Bitcoin to $1 million in the next five to 10 years, according to Jan3 CEO and Bitcoin proponent Samson Mow. Despite the ongoing bear market, Jan3 CEO and Bitcoin (BTC) proponent Samson Mow believes that the leading cryptocurrency could reach the $1-million-price benchmark in the next five to 10 years . The collapse of major fiat currencies will be a major catalyst, which he said can “happen very rapidly” and “are not anticipated.” ”It just sort of happens overnight, and then you are shoveling cash into a wheelbarrow,” he said in a recent interview with Cointelegraph. Mow made his prediction while commenting on the current state of Bitcoin adoption in El Salvador, about a year after it was adopted as a legal tender. Mow said he sees El Salvador’s move as an overall success, despite the relatively low usage rate and uneven availability of Bitcoin payment infrastructure in the country. “You’re basically recreating traditional banking...

WAVES price and its USDN stablecoin lose value after the Digital Asset eXchange Association issues a caution notice and Upbit exchange delists the token. Algorithmic stablecoins have had a rough year, starting with UST de-pegging to zero and the subsequent blow-up of Terra’s LUNA token which was used for the asset’s backing. Algorithmic stablecoins are not fully collateralized and rely on different mechanisms to maintain the peg, making them inherently fragile to market conditions.  The UST implosion created a domino effect that caused another stablecoin , Magic Internet Money (MIM) to de-peg. Despite the fragility of algorithmic stablecoin s, new projects like Djed by Cardano (ADA) are still planning on launching, but that doesn’t mean that the concept has improved since the crises seen earlier in the year. Let’s look at the latest de-peg event in the cryptocurrency space. Warning issued for WAVES and its USDN stablecoin On Dec. 8, the Digital Asset eXchange Association (DAXA), whic...