finance
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NBA legend Scottie Pippen recently made waves in the cryptocurrency community by predicting a significant rise in Bitcoin’s price. In a post shared on X (formerly Twitter), Pippen claimed that Bitcoin’s anonymous creator, Satoshi Nakamoto, appeared to him in a dream, forecasting that Bitcoin would hit $84,650 on November 5, 2024. His tweet quickly sparked…
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A Moscow court has imposed an unprecedented $20 decillion fine on Google for allegedly blocking Russian pro-Kremlin YouTube channels. This fine—a number almost inconceivably large—exceeds the global economy’s worth. The lawsuit, driven by various Russian broadcasters, stemmed from Google’s removal of Russian state media channels under Western sanctions, intensifying legal tensions between the tech giant…
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Charlie Munger, who passed away recently, has long been a significant figure in the financial world, known for his outspoken criticism of Bitcoin. Despite his passing, Munger’s harsh views on the cryptocurrency continue to be referenced in discussions about Bitcoin’s future. The Daily Hodl recently highlighted Munger’s strong stance against Bitcoin, using his critiques to…
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Jack Mallers, CEO of Strike, made a compelling point during a recent debate with Peter Schiff, emphasizing Bitcoin’s ability to achieve transaction finality without reliance on government or central authority. Mallers argued that gold, while historically valuable, is limited by its dependence on centralized institutions for verification and settlement. He highlighted that without a government…
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Billionaire investor Tim Draper has spearheaded a $2.5 million pre-seed funding round for Ark Labs, a promising startup focused on advancing Bitcoin transactions by making them faster and more cost-effective. Ark Labs, is working on a protocol designed to simplify Bitcoin payments, making the cryptocurrency more accessible for everyday global commerce. Draper, known for his…
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The European Central Bank recently renewed its critical stance against Bitcoin, asserting that the cryptocurrency’s true value is zero. In a report co-authored by Ulrich Bindseil and Jürgen Schaaf, ECB officials argue that Bitcoin has failed to deliver on its original promise of becoming a global payment system, instead evolving into a speculative investment asset…
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In a recent report titled Bitcoin’s Protection under the First Amendment, Ross Stevens, the founder of NYDIG, argues that Bitcoin qualifies as “speech” under U.S. constitutional law. According to the report, Bitcoin’s decentralized structure and the freedom it provides from government-controlled money make it an inherently political tool. Stevens suggests that Bitcoin’s core functions, such…
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The Italian government has announced plans to significantly increase its capital gains tax on Bitcoin and other cryptocurrencies from 26% to 42%. This move, part of the country’s 2025 budget plan, aims to generate additional revenue to fund public services and address fiscal shortfalls. Deputy Economy Minister Maurizio Leo confirmed the proposed hike during a…
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In a recent interview with “Scarce Assets,” Michael Saylor emphasized Bitcoin’s critical role in revitalizing struggling companies. During the discussion, Saylor argued that Bitcoin is the “universal merger partner” and a key solution for “zombie companies” in the Russell 2000. His recommendation? Recapitalize these businesses using Bitcoin to ensure their survival. According to Saylor, Bitcoin…
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Microsoft is set to vote on a shareholder proposal related to Bitcoin at its upcoming annual meeting in December. The proposal, which will be decided during the meeting, is titled “Assessment of Investing in Bitcoin,” and was officially revealed in a recent SEC filing. This proposal reflects growing interest among shareholders regarding cryptocurrency, particularly Bitcoin,…
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According to Standard Chartered, Bitcoin may see a new all-time high of $74,000 before the U.S. presidential election in November 2024. Geoff Kendrick, the head of digital assets research at the bank, attributes this forecast to several key factors, including a steeper U.S. Treasury yield curve, growing interest in Bitcoin exchange-traded funds (ETFs), and the…
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Bitcoin continues to track global M2 money supply trends, and analysts are forecasting a potential surge in its price to $90,000 by the end of 2024. The M2 money supply, which measures cash and short-term bank deposits, has been a key indicator of Bitcoin’s performance in past cycles. As liquidity accelerates, Bitcoin is poised to…
