Ilya Evdokimov’s Post

The irony of this development is remarkable. The bitcoin white paper, crypto’s founding text, says: “The main benefits are lost if a trusted third party is still required.” When you consider that the big positive news in cryptoland today is that BlackRock has opened a bitcoin fund that trades on the Nasdaq, it’s hard to escape the conclusion that the main benefits have been lost. Before the crisis, she says: “We had a proliferation of financial assets that you could borrow against; leverage went through the roof; complexity went through the roof. You could take a house, create a CDO [collateralised debt obligation], put a derivative on it and have a synthetic CDO squared. But somewhere — very tenuously — there was a house. What crypto does is that it gets rid of the need for the house.” 

Why has everyone been talking about Bitcoin halving and what do Runes have to do with it? Saffery Trust Client Director Siobhan Moret MBA TEP breaks down the latest crypto news into bitesize chunks in her latest article: https://lnkd.in/em_VFvxw #cryptocurrency #bitcoin #rune #halving #digitalassets #trustedadvisor #bitesize

🔻 🔻🔻 The impact of an exchange that went bankrupted a long time ago and how confiscated BTC affect the markets these days. 🔻🔻🔻 🔻The recent bitcoin crash is largely attributed to significant sell-offs by Mt. Gox and Germany's Federal Criminal Police Office (BKA). More than ten years after Mt. Gox's bankruptcy, customers are finally receiving some of their $8 billion in bitcoin, with initial payouts starting this month. Simultaneously, the BKA is selling $500 million worth of confiscated bitcoin. These events have created the largest crypto liquidation cascade since the FTX collapse, leading to a sharp decline in bitcoin prices and historic lows for some altcoins as the law of supply and demand suggests. There are surely other reasons as well but it looks like those two at least play a key role for the latest dives. Hence this wave will go thru as well, then let's see. Crypto Valley Journal article in full length: https://lnkd.in/dRHBVYD9 #web3 #digitalassets

“The recent Bitcoin rally was built on the solid foundation of the collapse of FTX, Celsius, 3AC, and other firms who engaged in dangerous or fraudulent practices,” said Steven Lubka, managing director at the Bitcoin firm Swan Bitcoin. “This new capital has come from brokerage accounts and advisors, who present a much more stable base to the market than what was flushed away in 2022-2023,” he continued, projecting a bull run into 2025 “at least.” Check out POLITICO's latest dive into #Bitcoin 👇 https://lnkd.in/gaMWKMkb

#Bitcoin kicks off 2024 on a high note, surpassing $45,000 during Asian hours on Tuesday. According to a Reuters report, the #SEC could begin to inform successful spot bitcoin #ETF applicants as early as this week. From a charting perspective, bitcoin appears to have broken above a bullish pennant that was formed throughout last month, boding well for the weeks ahead. Futures markets are displaying major signs of optimism for the largest crypto asset. The December 27 contract on #CME was trading at $52,000 which represented a 14% premium to the spot price. On centralized crypto exchanges like #Binance and #Bybit, annualized basis on perpetual contracts briefly went above 100%. Others remain cautious as sentiment is overwhemingly bullish. CryptoQuant, a crypto data platform, warned against the possibility of a "sell the news" scenario occurring after the ETF approval materializes. They suggest using the short-term holder cost-basis, currently situated at around $33,500, as a potential retracement target. #Crypto Headlines: - SEC may notify approved ETF issuers by early next week, ahead of January 10 launch: Reuters https://Inkd.in/g95Tf9es -Bitcoin ETF Approval Tipped to Be 'Sell The News' Event: CryptoQuant https://Inkd.in/g7im2sKE -Bitcoin Miners Offload $129M BTC in Day, Sending Reserves to the Lowest Point Since May https://Inkd.in/gpta4wKC -FTX Founder Sam Bankman-Fried Won't Face Won't Face Second Criminal Trial, U.S. Prosecutors Say https://Inkd.in/gHTJAWFy

Last week it felt like we were all asleep after the New Year, but then last night the US's SEC approved Bitcoin ETFs, which is *big* news in the crypto world, described as a milestone for the industry, and is the moment many have been waiting for, when digital currencies become much more available to retail investors. One expert told me that there has been an underlying theme in recent years of "here come the institutions" when it comes to investments in crypto. Citi Bitcoin Inc. https://lnkd.in/dmEK7Y4y

Crypto Updates Peter Thiel's Founders Fund invests $200 million in Bitcoin Inc. and ether, predicting a bull run. #bitcoin has increased by 124% in the last year, while ether has risen by 75%. Thiel believes in bitcoin's potential and criticizes central banks. Despite selling most of their holdings earlier this year, Thiel feels "underinvested" in crypto. franklintempleton joins other major asset managers in filing for an #etf for ether. The #sec has yet to approve any Ethereum #ethereumetf, with experts predicting a less than 50% chance of approval by May. Ripple acquires Standard Custody & Trust Company, aiming to secure a New York trust charter to expand its services. FTX sells Digital Custody Inc. at a significant loss. In the trial determining if Craig Wright invented Bitcoin, he is told to stop making irrelevant allegations and faces accusations of plagiarism. COPA sues Wright for forgery on an industrial scale. Libertum firmly believes that they are addressing an urgent problem and cannot wait to make their platform available to everyone. With their platform, anyone can invest in premium commercial real estate worldwide, diversify their portfolio, and start earning passive income immediately. For anyone interested our $LBM ICO start on Monday 19th Feb (less than a week!).

Bitcoin Whales Weekly Activity Summary - Crypto - https://lnkd.in/dG6zCTXd A new week closes in the hectic digital currency market, with the prices of the main tokens showing negative results. In this work, as usual, we present a summary of the most important events of the week in the Bitcoin whales' trading. It