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Arnold Potts

Founder and Lead Editor of Coinfiend. Arnold loves all things blockchain.

Bitcoin Surges Above $44,000 as Whales Accumulate, Indicating Confidence in Further Price Gains

February 12, 2024 by Arnold Potts

Bitcoin (BTC) broke above $44,000 for the first time since January 12, following the debut of the spot exchange-traded funds (ETF). The surge in price was attributed to increased accumulation by large holders and new all-time highs in US equity indices. BTC …

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Bakkt, Crypto Platform Backed by NYSE Owner, Warns of Possible Business Closure Due to Cash Shortage

February 12, 2024 by Arnold Potts

Bakkt, a cryptocurrency custody and trading platform, has issued a warning in a filing with the U.S. Securities and Exchange Commission (SEC) stating that it may not have enough cash to continue operating. The company, which was launched in 2018 with the …

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CME Trading Volume Reaches Highest in 3 Years After Bitcoin ETF Approval

February 11, 2024 by Arnold Potts

Derivatives giant Chicago Mercantile Exchange (CME) experienced a significant surge in trading volume in January, reaching its highest level in three years. The increase in trading volume came as the United States Securities and Exchange Commission (SEC) approved spot bitcoin exchange-traded funds …

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Social App Friendzone Launches on Polygon Network, Plans Expansion to Polygon zkEVM

February 11, 2024 by Arnold Potts

Correction: The article previously stated that the social marketplace Friendzone was scheduled to start operating today. However, the correct date of introduction is February 26, according to a correction issued on February 7 at 15:13 UTC. Friendzone will initially operate on the …

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Farcaster’s New Frames Feature Takes Crypto-Twitter by Storm

February 11, 2024 by Arnold Potts

started building things like decentralized marketplaces and even games within Frames So it’s really about giving developers the freedom to create interactive and engaging content within the Farcaster platform. Jenn Sanasie then asked Romero about the response to Frames and the growth …

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Bitcoin Miner Hut 8 Shares Slide as CEO Departs Weeks After Short-Seller Report

February 10, 2024 by Arnold Potts

Bitcoin miner Hut 8 (HUT) experienced a significant drop in its shares, falling as much as 8% on Wednesday, following the departure of CEO Jamie Leverton. This news comes just weeks after the company was hit by a report from short seller …

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Diversifying Stability: Stablecoins Finding a Home Beyond the Greenback

February 10, 2024 by Arnold Potts

Stablecoins, which have a market cap of $135 billion, have traditionally been pegged to fiat currencies like the U.S. dollar, providing stability and liquidity in the volatile cryptocurrency market. However, the landscape of stablecoins is evolving, with innovative projects emerging that go …

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Beyond Bitcoin ETFs: The Next Step in Tokenizing the Entire Value Chain

February 10, 2024 by Arnold Potts

The last six months in the world of cryptocurrency have been marked by two major trends: the approval of Bitcoin ETFs by the SEC in January and the rise of real-world assets (RWAs) being brought onto the blockchain. These two developments may …

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The Impact of Bitcoin Mining on ERCOT: Analyzing Data and Economics

February 9, 2024 by Arnold Potts

Bitcoin Network Difficulty Drops During Winter Storm Finn in Texas Recent headlines have highlighted a significant 25% drop in bitcoin network difficulty during Winter Storm Finn in January. Many attributed this drop to curtailment activity in Texas, which represents 17% of the …

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The Power of Airdrops: How Free Tokens Drive Engagement and Growth in the Crypto Space

February 9, 2024 by Arnold Potts

numbers and create a false sense of engagement and popularity. This not only undermines the integrity of the airdrop campaign but also hinders the growth and sustainability of the project. To optimize for sustainable growth, crypto projects must implement measures to ensure …

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