Bitcoin Is Not The Problem – FTX Is – R. Kiyosaki Says, Following Crypto Exchange's Collapse

Bitcoin and the cryptocurrency industry in general are still coping with the pain brought about by the demise of the crypto trading platform FTX. Despite this, Robert Kiyosaki, author of the best-selling Rich Dad, Poor Dad, remains optimistic about the long-term viability of Bitcoin and Ethereum.

Timeline of Bitcoin

Cryptocurrencies like bitcoin and ether cannot be classified as securities or investment instruments, according to a communication issued by the financial watchdog in Belgium. The authority has tried to clarify the matter, noting that the digital coins may be subject to other regulations.

Financial advisory firm deVere Group CEO Nigel Green is optimistic that the crypto bear market is months away from coming to an end. Green says that the prices of Bitcoin (BTC) and other crypto assets will rise once inflation starts slowing down and the central banks begin loosening monetary policy.

Bitcoin's average dormancy witnessed a spike, which indicates higher selling pressure Bitcoin's volume and MVRV ratio continued to decline. According to a new CryptoQuant report by Wenry, Bitcoin's average dormancy had witnessed a spike.

A large amount of cryptocurrency kept in a wallet associated with crypto exchange Wex, successor of the infamous trading platform run by alleged money launderer Alexander Vinnik, has moved for the first time since 2017. The 10,000 bitcoins in question, worth over $165 million, have been transferred to new addresses in several transactions.

Central banks in countries that face a risk of being sanctioned by the US could shift their international reserves to include bitcoin (BTC), a new Harvard University research paper has argued.

Wrapped Bitcoin (WBTC) Depeg News: Following the chaos around FTX collapse in recent weeks, speculation is now rife around the Wrapped Bitcoin (wBTC) depegging from the Bitcoin price. While the rumors suggest certain wBTC is missing as it belonged to Alameda Research, the BitGo team cited routine maintenance of DAO multisig rotation.

Major cryptocurrency asset manager Bitwise resubmitted to the Securities and Exchange Commission its application to start trading a Bitcoin exchange-traded fund (ETF). According to documents filed with the SEC on Nov.

On-chain data shows signs of some fresh Bitcoin accumulation taking place during the last month. Bitcoin UTXOs Aged 1 Week To 1 Month Have Risen Up In Recent Days As pointed out by an analyst in a CryptoQuant post, UTXOs purchased between 1 week and 1 month ago have risen since the FTX crash.

El Salvador's president said it is buying a bitcoin a day, but information about the country's purchases is not available to the public. The post How much bitcoin does El Salvador have? Good luck getting an answer. appeared first on The Block.

On Nov. 25, the largest cryptocurrency exchange in terms of daily trade volume, Binance, published its bitcoin proof-of-reserves (POR) system using The Merkle approach. At the time of writing, the snapshot provided by Binance shows the firm's onchain reserves equate to 582,485 bitcoin, while the company's customer net balance is roughly 575,742 bitcoin.