Day: October 5, 2023

Arthur Hayes Predicts Bitcoin Price To Hit $750,000, Here’s When

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In an interview with Tom Bilyeu, Arthur Hayes, co-founder and former CEO of BitMEX, shared an insightful analysis of the future dynamics he believes will shape the Bitcoin price. At the heart of Hayes’ argument is a complex interplay of global financial mechanisms. Bitcoin Price May Reach $750,000 Hayes began by setting the stage for Bitcoin’s near-term movement, stating, “My working model is that we are going to continue chopping around $25,000 to $30,000 this year.” This forecast draws its foundation from the anticipation of impending financial disturbances and Hayes alluded…

Crypto cards facilitated $3B payment volume since 2021 exchange deals — Visa exec

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The integration of conventional payment cards with cryptocurrency exchanges is playing a crucial role in driving the adoption of digital assets, according to a Visa executive. Speaking to Cointelegraph reporter Ezra Reguerra during a panel at the Blockchain Economy Dubai Summit, VISA’s VP head of Innovation & Design Akshay Chopra highlighted the role that Visa cards have played as a bridge between fiat currencies and cryptocurrencies in recent years. Cointelegraph’s Ezra Reguerra (left) on stage with VISA’s VP head of Innovation & Design Akshay Chopra and Accenture’s CBDC & digital assets…

Apple CEO Tim Cook Gets $41M from Share Sales after Tax Deductions, Analysts Downgrade AAPL Shares

Analysts at KeyBanc downgraded Apple shares from ‘Overweight’ to ‘sector-weight’ citing a weaker sales growth outlook. Apple Inc (NASDAQ: AAPL) top executives led by Chief Executive Officer (CEO) Tim Cook, senior vice presidents Deirdre O’Brien and Katherine Adams offloaded part of their shareholdings according to filings with the United States Securities and Exchange Commission (SEC). Notably, Apple CEO Cook sold about 511,000 shares worth approximately $87.8 million. However, after tax deductions Cook received a total of about $41.5 million. As a result, Cook now owns about 3.28 million shares in…

Hong Kong crypto VC opens $100M fund for Asian blockchain startups

Hong Kong-based crypto-focused venture capital (VC) firm CMCC Global has raised $100 million to support Asian blockchain startups.  The crypto fund, called Titan Fund, closed its inaugural funding round on Oct. 4, with participation from 30 investors, including blockchain company Block.one, Hong Kong tycoon Richard Li’s Pacific Century Group, Winklevoss Capital, Jebsen Capital and Animoca Brands founder Yat Siu, the South China Morning Post reported. Titan Fund will concentrate on investments in key areas: blockchain infrastructure, consumer applications like gaming and nonfungible tokens (NFTs), and financial services, including exchanges, wallets and platforms…

Pro-Bitcoin Presidential Candidate Wants To Save BTC From The White House

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Pro-Bitcoin Presidential Candidate Robert F. Kennedy Jr. has, at different times, jumped to the defense of the flagship cryptocurrency, BTC. This time, he promises to protect it if elected as President during the Presidential elections next year. What Kennedy Wants To Do For Bitcoin In an interview, the Presidential Candidate mentioned that he intends to end the “current White House war on Bitcoin.” This statement is in reference to the anti-crypto stance that the government seems to have taken against Bitcoin and other crypto tokens.  It is believed that, instead…