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Pakinomist – Peter Schiff, who is pretty much synonymous with his outspoken skepticism towards (BTC) and cryptocurrencies in general, might not seem like the obvious person to indirectly spark interest in digital assets. But the financial expert recently responded to a challenge from a follower who questioned his accuracy, especially as Bitcoin hit a new […]

The Ethereum Foundation, the organization overseeing the development of the second-largest blockchain by market capitalization, is allocating 50,000 ether (ETH), worth about $165.3 million at the time of writing, to participate in the decentralized finance (DeFi) ecosystem. The move will see the foundation create a 3-of-5 multisig wallet through Safe, which the organization wrote has

Pakinomist – Popular cryptocurrency continues to take center stage in the market, primarily due to the wild price action it has shown in recent weeks. The latest episode was the bullish divergence on the Relative Strength Indicator, which appeared on an hourly chart of XRP against the leading cryptocurrency (BTC). In market terms, such a

Commissioner Mark Uyeda will take over leadership of the US Securities and Exchange Commission while the agency awaits Senate confirmation of President Donald Trump’s pick for the permanent role, Paul Atkins. Acting Chairman Uyeda, who has been a vocal supporter of relaxing the regulator’s pursuit of the crypto industry along with Republican Commissioner Hester Peirce,

Pakinomist – Here are the top three news stories of the past weekend, brought to you by Pakinomist. Bollinger Bands are ringing warning bells for XRP versus After a remarkable week in which XRP rose by over 24%, concerns have arisen that this bullish trend may soon come to an end. The price of the

Arthur Hayes, Chief Investment Officer of cryptocurrency venture capital firm Maelstrom, says he doubts Donald Trump’s administration will get around to creating a strategic Bitcoin reserve, a policy many crypto enthusiasts are pinning their hopes on. “I don’t think Trump is going to get away with making a bitcoin reserve,” Hayes, co-founder and former CEO

Pakinomist – 15 years ago today, the cryptocurrency market was a different landscape. According to historian Pete Rizzo, on this date 15 years ago, you could buy 1 Bitcoin (BTC) for just $0.50. This extremely low price of 50 cents is in stark contrast to Bitcoin’s current value, currently in the six figures. In January

Crypto markets saw wild price swings on Monday during Donald Trump’s inauguration as heightened excitement turned to disappointment after he declined to mention crypto during his first speech. The broad market crypto benchmark CoinDesk 20 Index fell more than 5% during the ceremony, while bitcoin (BTC) fell to $101,000 from $106,000 before stabilizing around $103,000.

Pakinomist – There has been a massive surge in interest among non-cryptocurrency owners as these “outsiders” seem to be getting in on the action. The rising interest comes amid a bullish (BTC) run that has seen the price reach historic levels. Record interest from non-Bitcoin investors Lark Davis, a Bitcoin investor and entrepreneur, highlighted the

Caroline Pham, one of the Republican commissioners of the Commodity Futures Trading Commission, will take over the agency on an interim basis as President Donald Trump’s administration shifts US policy toward a friendlier relationship with digital assets. The CFTC is poised to become a leading federal watchdog for crypto, and Pham confirmed Monday that she