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Hard Drop in Australian Blockchain Firms’ Revealed by KPMG Report
A report on the Aussie fintech industry by consultancy firm KPMG has found that the number of local blockchain companies fell by 14% in 2024, double the rate of the broader fintech industry. KPMG has attributed the decline in blockchain firms to the lingering effects of the 2022 crypto crash, the boom in AI drawing capital away from blockchain and high inflation rates creating a difficult capital-raising environment. The report suggests 2025 might be a better year for blockchain, with a crypto-friendly administration coming into power in the US and interest rates likely to be cut, freeing up more capital....
Gold Bug Peter Schiff Calls Bitcoin Greatest Threat to US Economic Security
Peter Schiff labelled Bitcoin a “threat to national security”, accusing it of being used to bribe government officials and misuse public funds. Despite his warnings, Bitcoin’s adoption and price growth continued to defy his predictions, including his claim that BTC would never reach US$100K. Nate Geraci and Erik Voorhees humorously criticised Schiff’s remarks, highlighting the irony of blaming Bitcoin while ignoring larger economic issues like US$36 trillion in debt. Oh, Peter Schiff is at it again. This time, the number one Bitcoin hater said BTC is a “threat to national security”, but don’t laugh so hard yet; he said it’s...
$307 Million Worth of Solana (SOL) Moves to CEXs, What’s Next?
In the recent market downturn, traders and investors have liquidated over $1.08 billion worth of long and short positions within the last 24 hours, triggering widespread fear across the cryptocurrency landscape. With the crypto world on edge, everyone is scrambling to understand the implications of this massive sell-off and what it means for the future of their portfolios. Major SOL Transfers Raise Alarms Amid this fear, investors and whales have transferred a significant 2.38 million Solana (SOL) worth $307 million to Centralized Exchanges (CEXs) including Binance and Coinbase in the last 24 hours, according to data from blockchain-based transaction tracker...