crypto
-
The Financial Conduct Authority (FCA) has expanded its watchlist, flagging 143 new crypto entities. Notably, this includes renowned cryptocurrency exchanges such as the Huobi-owned HTX and KuCoin. The FCA emphasizes that for firms to service UK customers, acquiring authorization or registration is non-negotiable. A review of the FCA’s records reveals a selective list of firms…
-
The Bitcoin ecosystem has seen the Lightning Network grow exponentially, with River Financial being a significant advocate since 2019. The network has witnessed a 1,212% increase in routed transactions since 2021 and successfully routed $78.2m using 5,000 BTC in August 2023. Its increasing adoption by exchanges, forthcoming upgrades, and interest from non-Bitcoin businesses indicate a…
-
A former managing director at BlackRock ignited optimism in the crypto community by suggesting that the U.S. SEC could soon approve a Bitcoin spot ETF. This could lead to a massive $17.7 trillion influx from institutional entities into the crypto market. Bitcoin ETFs mirror Bitcoin’s price, allowing investment without purchasing the coin.
-
Ruben Galante, a Buenos Aires barber, has chronicled Argentina’s economic journey for over 20 years by recording haircut prices, rising from 15 to 3,000 pesos due to hyperinflation. Despite the country’s economic instability and the high poverty rate, Galante’s records highlight the city’s resilience. Increasingly, solutions like Bitcoin are seen as potential pathways to stability.
-
Binance CEO, Changpeng Zhao, popularly known as “CZ”, predicts a prosperous future for Bitcoin. Post the 2024 halving, he expects multiple all-time highs, with a potential peak of $300,000 by 2025. His prediction is grounded on Bitcoin’s historical price increase after halving events and aligns with the bullish sentiment of industry experts.
-
OpenAI CEO Sam Altman, on Joe Rogan’s podcast, highlighted Bitcoin’s potential for transformative impact. As the founder of Worldcoin, he sees Bitcoin as a significant step in technological progress. He expressed concern over governmental control over the cryptocurrency and criticized Central Bank Digital Currencies, reinforcing his belief in decentralization. Despite regulatory pressure and incidents like…
-
In response to the Texas power crisis caused by extreme heatwaves, Bitcoin mining operations have been reduced by 90% or more daily, reported by the Texas Blockchain Council. This action of Bitcoin miners is aimed to ease the pressured power conditions. Riot Platform, a Bitcoin miner, also received $31.7 million in energy credits from the…
-
Adam Back, CEO of Blockstream and a reputable figure in the crypto field, confidently predicts Bitcoin to reach a $100,000 valuation by 2024, undeterred by concerns like the COVID-19 pandemic and conflict in Ukraine that have led to price volatility. His assertions were made in a recent Bloomberg interview.
-
Acclaimed rapper Money Man has become an influential player in the crypto industry. Notably, he secured a $1 million deal for his Blockchain album, paid entirely in Bitcoin, pioneering such an arrangement. His exploration of the sector also includes activities with Non-Fungible Tokens and speaking at various crypto conferences.
-
Fidelity Digital Assets, a leader in the cryptocurrency sector, has highlighted Bitcoin’s unique potential over other digital assets in a recent study. Bitcoin’s security, decentralization, and predictable issuance rate make it a reliable store of value and the primary monetary good. Future digital assets may struggle to surpass Bitcoin and may face inevitable trade-offs.
-
BitMEX founder Arthur Hayes forecasts Bitcoin’s value to soar between $750,000 to $1 million by 2026 in a recent interview. He attributes this impending growth to factors like rising adoption rates, interest from institutional investors, global economic conditions, increasing inflation, and growing skepticism towards central banks.
-
Traditional asset management giant, BlackRock, indirectly invested in Bitcoin through an 8.1% stake in MicroStrategy, equivalent to 12,833 Bitcoin. As of June 30, 2023, BlackRock owned 6.71 million shares of MicroStrategy, translating to indirect Bitcoin holdings worth approximately $570 million. This indicates growing institutional acceptance of Bitcoin as mainstream finance and cryptocurrency become increasingly intertwined.
