China

Here’s why bitcoin’s is failing its role as a 'safe haven' versus gold

Bitcoin is struggling to fulfill its role as a "safe haven" asset compared to gold, primarily due to its high volatility and correlation with traditional markets. Recent economic uncertainties and rising inflation have not led to a significant increase in Bitcoin's value, unlike gold, which has historically been viewed as a stable store of value. Analysts point out that Bitcoin's price fluctuations are influenced by speculative trading and regulatory developments, undermining its reliability during market turmoil. Additionally, the lack of widespread adoption and acceptance as a currency further diminishes its appeal as a safe haven asset. As investors seek stability, gold continues to outperform Bitcoin in times of crisis.

Read the full article: CoinDesk

Coinbase CEO says Big banks now view crypto as an ‘existential’ threat to their business

Coinbase CEO Brian Armstrong stated that major banks now perceive cryptocurrency as an "existential" threat to their traditional business models. He highlighted that the rise of digital assets is prompting banks to reconsider their strategies and adapt to the changing financial landscape. Armstrong emphasized the growing acceptance of

BitGo Stock Plunges Below IPO Price on Second Day of Trading

BitGo's stock fell below its initial public offering (IPO) price on its second day of trading, reflecting investor concerns about the company's growth prospects in a challenging cryptocurrency market. The stock opened at $10 but dropped to around $8.50, marking a significant decline. Analysts suggest

Can Stablecoins Break Free From the US Dollar?

The article discusses the potential for stablecoins to operate independently of the US dollar, exploring various alternatives and their implications. It highlights the growing interest in stablecoins backed by other assets, such as commodities or cryptocurrencies, which could provide more stability and reduce reliance on the dollar. Regulatory challenges and

The fight over stablecoin yield isn’t really about stablecoins

The ongoing debate over stablecoin yield is primarily a reflection of broader issues within the cryptocurrency market rather than just concerns about stablecoins themselves. Major players are vying for dominance in the yield-generating space, with traditional finance institutions and crypto-native firms competing to attract investors. The article highlights how the

Read more

Coinbase CEO says Big banks now view crypto as an ‘existential’ threat to their business

BitGo Stock Plunges Below IPO Price on Second Day of Trading

Can Stablecoins Break Free From the US Dollar?

The fight over stablecoin yield isn’t really about stablecoins