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Arnold Potts

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

The Bullish Bounce Back: Bitcoin and Ether Outperformed by 20 Index in Market Rebound

February 2, 2024 by Arnold Potts

Title: Bullish Bounce Back: Crypto Market Shows Resilience as Bitcoin and Altcoins Rebound The cryptocurrency market has experienced a bullish bounce back, with Bitcoin (BTC) and altcoins recovering from recent lows. The 20 Index, a benchmark for the digital asset market, has …

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Ripple’s XRP Token Plummets Over 5% Amidst Speculation of $112.5 Million Hack

February 2, 2024 by Arnold Potts

Ripple’s XRP token experienced a significant drop of over 5% on Wednesday, following reports and speculation that the network may have been hacked, resulting in a potential loss of $112.5 million. Chris Larsen, the Executive Chairman of Ripple, took to X (formerly …

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Exploring the Rise of Bots and Private Mempools in Ethereum: The Battle Against MEV

February 2, 2024 by Arnold Potts

Ethereum, the second-largest blockchain network, is facing a growing problem with bots that exploit the time gap between when transactions are submitted and when they are finalized. These bots, known as front-runners, copy trades from other users and quickly execute them, eating …

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New York Community Bancorp Shares Plummet 42% After Missing Earnings Estimates and Slashing Dividend

February 1, 2024 by Arnold Potts

New York Community Bancorp (NYCB) experienced a significant drop in its stock price, falling as much as 42% on Wednesday, following the release of its fourth-quarter earnings report. The bank reported a loss of $0.36 per share, missing analysts’ estimates of earnings …

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U.K. Police Seize £1.4 Billion Worth of Bitcoin in China Investment Fraud Case

February 1, 2024 by Arnold Potts

In a major crackdown on investment fraud, the police in the United Kingdom have seized a staggering 1.4 billion pounds ($1.78 billion) worth of bitcoin (BTC) from a Chinese operation. The Financial Times reported on Wednesday that the seizure took place as …

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Labour Party Aims to Make UK a Securities Tokenization Hub and Advance Digital Pound Work

February 1, 2024 by Arnold Potts

The U.K.’s opposition party, Labour, has announced its plans to make the country a hub for securities tokenization and promote the development of a digital pound. With an election expected to take place this year, Labour is currently leading the incumbent Conservatives …

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Global X Withdraws Bitcoin ETF Application as BlackRock and Fidelity Dominate the Market

February 1, 2024 by Arnold Potts

Global X, a former contender for a spot bitcoin exchange-traded fund (ETF), has withdrawn its application, according to a notice from Cboe BZX Exchange on January 30. The exchange could have listed the fund if Global X had proceeded with its application. …

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The Dangers of Bitcoin Protocol Ossification: Why Complacency is the Greatest Threat to Bitcoin’s Future

January 31, 2024 by Arnold Potts

put, the current infrastructure of Bitcoin and the Lightning Network will not be able to handle the massive influx of users and transactions. This is where the concept of Bitcoin-backed banks comes into play. As mentioned by Hal Finney years ago, Bitcoin-backed …

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Bitcoin Adoption in Pakistan Continues to Rise Without Regulatory Clarity

January 31, 2024 by Arnold Potts

Pakistan’s Emerging Bitcoin Adoption Continues to Rise Amid Regulatory Uncertainty Pakistan, a country with a population of approximately 250 million and a majority living below the poverty line, is emerging as one of the key markets in Southeast Asia. Despite political chaos …

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Opinions Divided on Impact of SEC Approval of Spot Bitcoin ETF on Crypto Market

January 8, 2024 by Arnold Potts

Opinions are divided on what will happen in the cryptocurrency market if the Securities and Exchange Commission (SEC) approves a spot bitcoin exchange-traded fund (ETF). While some analysts predict a massive influx of investment, others believe that the initial impact will be …

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