The Definitive Breakdown of All Bitcoin FUD, With Dan Held
From “backed by nothing” to “China mining control,” a complete look at the best response to every category of bitcoin FUD out there.
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As of June 30, about 75.6% of Circle’s reserves were held in U.S. Treasuries and 24.4% were held in cash at regulated financial institutions. Circle Internet Financial has released a full breakdown of its USD Coin (USDC) holdings for the first time — a move designed to offer transparency and instill greater trust ain the stablecoin issuer. As of June 30, Circle’s $55.7 billion reserves were comprised of $42.12 billion in short-term United States Treasuries and $13.58 billion in cash held at regulated financial institutions in the country, the company disclosed Thursday. The weighted....
Cash, cash equivalents, other short-term deposits and commercial paper make up 75.85% of Tether’s proven reserves as of March 31. Tether Holdings Limited, the company behind the popular USDT stablecoin, released a full breakdown of its reserve composition on Thursday, offering more transparency about the composition of its assets. More than three-quarters of Tether’s reserves are held in cash, cash equivalents and other short-term deposits and commercial paper as of March 31, 2021. Within this category, commercial paper accounts for 65.39%, fiduciary deposits 24.20%,cash 3.87%, reserve....
Bitcoin’s latest drawdown from its all-time high is being compared to 2022 across crypto Twitter (the similarities are obvious), but some technicians argue the similarity is mostly superficial. In a series of posts, TexasWest Capital CEO Christopher Inks said the current move looks like a completed five-wave decline tied to a positioning washout, not the kind of structurally driven breakdown that defined the 2022 unwind. Bitcoin Vs. 2022: Similar Chart, Different Story? Inks’ core claim is about where the market sits in the broader pattern. “One of the differences between the current drop....
Bitcoin.com chatted with Tim Tayshun, owner and operator of ezCoinAccess, who has been in the industry for quite some time. Tayshun gives our readers a definitive well-researched synopsis of the alleged ponzi and cryptocurrency MLM scandal called Onecoin. He believes he has provided enough information here (which is extensive) to prove that Onecoin is....
The epic struggle between bulls and bears continues, with neither side willing to accept defeat. After a smaller than expected fall a couple days ago, the coins have rallied back to the 78.6% retracement level and have held their ground at that level for the past day or so. As you can see in the image below, price continues to be supported by a trendline from the October low. The line has been tested and held for seven tests so far. Meanwhile, it appears a pennant is forming which I presume most traders can readily see. I have labelled the pennant as I see it. If I am correct, the final....