Jim Cramer Changes Stance On Bitcoin
BTC Wallet App Vanishes From US Stores, A $3.1M BTC Fee Mistake, South Korea's CBDC
Welcome to Coinfeeds Daily Digest! Today we cover the developing HTX exchange's hack story, South Korea's launch of a digital currency pilot program with 100,000 people, FTX's Sam Bankman-Fried trading mackerel as currency in prison and Terra's Do Kwon having his extradition approved in Montenegro. We also cover a harsh mistake made by a Bitcoin user that cost $3.1M in transaction fees — a record-breaking number, as well as Avalanche's fees skyrocketing $2,000% as hype about the ecosystem's new ASC-20 token standard grows.
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Jim Cramer Admits He Was Wrong About Bitcoin
Jim Cramer, the host of CNBC's "Mad Money," has recently made headlines with his evolving views on Bitcoin. Known for his bold market predictions and advice, Cramer has taken a new stance on cryptocurrency, encouraging his audience to consider investing in Bitcoin after his previous advice on liquidation. | Read More
JPMorgan Predicts $2.7 Billion Outflow from GBTC Amid ETF Conversion
According to analysts at JPMorgan, a significant financial shift is on the horizon for the Grayscale Bitcoin Trust (GBTC). With the potential conversion of GBTC into an Exchange Traded Fund (ETF), the market could see substantial outflows from the trust. | Read More
SBF Trades Mackerel as Currency in Prison
Once a prominent figure in the world of crypto, Bankman-Fried's new reality involves navigating the barter economy of prison life. Reports have surfaced that Bankman-Fried, adapting to his environment, is using packaged mackerel as currency to obtain services within the walls of New York's Metropolitan Detention Center. | Read More
Bitcoin Hashrate At An All-Time High
The Bitcoin network has recently experienced a significant milestone with its hash rate reaching an all-time high. This development is a strong indicator of the network's robustness and the growing competition between miners to expand their operations. | Read More
South Korea Launches Digital Currency Pilot Program
South Korea is taking a significant step toward the future of digital finance by launching a pilot program to test a new form of currency known as a CBDC. The project is set to involve 100,000 citizens and will explore the potential benefits and challenges of digital transactions in a controlled environment. | Read More
Bitcoin User Pays $3.1M Transaction Fee Blunder
A Bitcoin user has made a costly mistake by paying a staggering $3.1 million in transaction fees for a transfer of 139.42 BTC. This incident has become one of the most expensive errors in the cryptocurrency's history. | Read More
Avalanche Fees Up 2,000% On ASC-20 Token Hype
The Avalanche blockchain has recently seen a dramatic increase in its transaction volume, with reports indicating a staggering 2,000% rise. This surge is closely tied to the introduction of ASC-20 tokens, a novel token standard that has captivated the attention of the crypto community. | Read More