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At a parliamentary committee session, New Zealand central bank governor Adrian Orr voiced his skepticism towards stablecoins, labeling them as inherently unstable. He argued that their reliability is solely contingent on the financial reserves of the issuing entity. The governor also dismissed the notion of Bitcoin or any similar cryptocurrency as a viable substitute for fiat money or a store of value. 
The Most Profitable Cryptocurrencies to Mine
Initially, mining was the first obvious method to profit from cryptocurrencies, apart from speculation. A mere decade ago, the number of blockchains suitable for mining was just a handful, around 3-5, but now their number has soared into the hundreds. We've delved deep to bring you the 5 most current and promising mining options. BTC, ETH and PAXG Price Analysis for February 5, 2024
The cryptocurrency market had a tranquil weekend, with Bitcoin (BTC) and other cryptocurrencies not experiencing significant volatility. Here’s an analysis of the market situation for Bitcoin (BTC), Ethereum (ETH), and Pax Gold (PAXG) as of Monday, February 5. 
In January 2024, the on-chain monthly transaction volume of Bitcoin reached a new record of $1.21 trillion for the past twelve months. It's noteworthy that throughout 2023, this figure did not exceed $1 trillion, typically fluctuating between $500-600 billion. When to Expect Ethereum ETFs?
After the much-anticipated approval of Bitcoin ETFs, several key players in the cryptocurrency market, including the investment powerhouse BlackRock, have submitted Ethereum ETF applications with the SEC. Let's evaluate the likelihood of these funds getting the green light. 
Bitcoin Surges 100%, But Altcoins Lag Behind. Why Is That?
Between October 2023 and February 2024, Bitcoin embarked on an impressive rally, reaching a new annual high above $48,000. The crypto community expected altcoins to follow in Bitcoin's footsteps and achieve similar feats. However, the anticipated surge did not materialize. 
The Financial Supervisory Service of South Korea (FSS) intends to meet with business representatives and the US Securities and Exchange Commission (SEC) to gather detailed information about Bitcoin ETFs. These plans were announced by the FSS Governor, Lee Bok-hyun, during a presentation in Seoul outlining his action plan for the near future. 
Andy Bromberg: Bitcoin ETFs Contradict the Nature of Crypto
The U.S.'s recent nod to spot Bitcoin ETFs has been heralded as Wall Street's triumph. These new exchange-traded funds grant both institutional investors and laypersons easier crypto market access. Yet, Andy Bromberg, CEO of the crypto wallet Beam, signals a caveat: these ETFs deviate from the founding principles of Bitcoin and cryptocurrencies at large. 