Bitcoin could rally to $32,000, says Glassnode analyst James Check. However, this potential rally may trigger a sell-off as investors capitalize on the price peak, creating resistance for continued upward trajectory. Despite obstacles, long-term trends still point to growth and adoption.
Search Results for: James Check
Unveiling Cointime Economics: A New Perspective on Bitcoin’s True Economic Worth
“Investment company Ark Invest and security firm Glassnode have presented a new approach to understanding the Bitcoin economy named “Cointime Economics.” The whitepaper describes a measurement system called “cointime”, which seeks to portray Bitcoin’s true value based on its dormancy period. It includes introducing metrics like “liveliness” and “vaultedness” for evaluating Bitcoin’s economic trends.”
Unraveling the Pros and Cons of ARK Invest and Glassnode’s Cointime Economics in Bitcoin Analysis
ARK Invest and Glassnode propose a new Bitcoin economic analytics framework, Cointime Economics, introducing coinblock – a measure considering time held in Bitcoin custody. Critics argue it complicistically outweighs veteran hodlers against newcomers, possibly confusing traditional users. Despite complexities, its future potential remains to be seen.
Bitcoin Accumulation Booms Amid Regulatory Risks: What It Means for Investors
Bitcoin is experiencing the fastest accumulation rate in six months, with illiquid entities now holding a record high of 15,207,843 BTC. This growing trend signifies confidence in Bitcoin’s future price, despite macroeconomic uncertainty and regulatory risks. The market appears to be in a period of quiet accumulation, suggesting an undercurrent of demand.
Navigating the Labyrinth of Crypto Custody: A Comparative Study of Self Custody and Custodial Services
“This article explores the complexities of crypto custody, discussing two alternatives – self-custody and ‘custody as a service’. It highlights the challenges faced in each approach, the regulatory landscape, and the importance of transparency and reliability. It asserts that, despite its intricacies, with careful scrutiny, crypto custody can deliver more safety, transparency, and cost-effectiveness than traditional models.”
Seychelles-Based KuCoin Exchange’s Potential Staff Layoffs: Cost-Cutting Strategy or Desperation Move?
“Seychelles-based crypto exchange, KuCoin, hints at potential staff reductions possibly due to allegations by NY State Attorney General. Claims of an impending 30% workforce contraction are attributed to dwindling gains, possibly due to accusations of securities law violations via token offerings.”
Erroneous Crypto Deposits: A Case for Stronger Regulations or a Gamble of Digital Currency?
The case of Crypto.com inadvertently depositing $50,000 into a user’s account underlines the urgent need for stronger regulation within the crypto-sphere. This incident stresses the importance of robust system checks to prevent such mishaps, ensuring user’s confidence and transaction safety.
Commonwealth Bank’s Crypto Payment Limits: Balancing Safety vs Market Growth
Commonwealth Bank (CBA) plans to reject or temporarily withhold specific payments to crypto trading platforms, setting a monthly limit of A$10,000 for customer payments to protect from scams. As regulations in Australia are considered, banks and governments strive to balance growing crypto interest with customer protection.
IRS Power to Access Crypto Exchange Records: Balancing Privacy and Regulation
A recent ruling by a federal judge in New Hampshire raises concerns about the IRS’s power to access financial records from crypto exchanges, spotlighting the ongoing tension between individual privacy and authorities’ efforts to regulate the crypto space. The case calls for continued debates on striking a balance between harnessing new technologies and protecting individual rights.
Legislation Impact: Will Crypto Firms Refunding Fraud Victims Boost Investor Confidence?
The New York Attorney General’s Office has proposed legislation to protect cryptocurrency investors from fraudulent activities by requiring crypto companies to adhere to specific standards and offer refunds to victims. This aims to increase consumer confidence and adoption of digital currencies.