Month: June 2024

Ethereum (ETH) Set For ‘Glorious Year,’ Analyst Eyes $10K Target

Ethereum (ETH) saw a significant upswing at the end of May due to the rumors of a spot ETH ETF (Exchange-Traded Funds) approval in the US. This bullish momentum propelled the token’s price from the $3,000 price range to the $3,900 mark. Related Reading After the approval, the second-largest cryptocurrency has shown a strong performance, consolidating between the $3,700 and $3,800 levels. Some crypto analysts believe ETH is preparing for a crucial test and eye bullish targets above the $10,000 price range soon. ETH’s “Glorious Year” Depends On This Level…

VC Billionaire Chamath Palihapitiya Explains the $500,000 Bitcoin Case: Countries Will Become Dual Currency

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Chamath Palihapitiya, the founder and CEO of Social Capital, a venture capital firm, has explained how bitcoin could reach $500,000 or even higher price levels in the coming months. During a podcast, Chamath clarified that considering the price performance in the previous halving cycles, bitcoin could reach that level pushed by the adoption of countries […] Original

Rootstock Bitcoin L2 eyes further Latin American expansion

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Speaking at Money 20/20 in Amsterdam, Ricardo Castro of Rootstock Labs highlighted the focus of the Bitcoin layer-2 protocol on providing global acess to decentralized finance (DeFi), particularly in emerging markets.  Bitcoin (BTC) and Ethereum (ETH) are by far the two largest decentralized networks, each with unique strengths. BTC is rewnowned for its robust security standards, while Ethereum’s blockchain emphasizes functionality and utility through smart contracts.  For years, developers have tried to bridge the two concepts and create a network that can bootstrap decentralized finance solutions atop BTC’s blockchain. Rootstock…

Is there life after halving? Challenges and opportunities for Bitcoin miners

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Post-halving, Bitcoin (BTC) miners face a squeeze as rewards drop and costs soar. Can innovative strategies and market dynamics help them stay profitable? The Bitcoin halving is an event built into the Bitcoin protocol that occurs approximately every four years. It results in the reduction in the reward miners receive for adding new blocks to the blockchain. The latest halving, which took place in April 2024, slashed the block reward from 6.25 BTC to 3.125 BTC.  This event, central to Bitcoin’s deflationary nature, impacts the supply of new Bitcoins and…

Edward Snowden on NYSE Trading Halts: ‘Bitcoin Fixes This’

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On Monday, the New York Stock Exchange (NYSE) encountered a series of unexpected trading halts affecting stocks such as Chipotle and Berkshire Hathaway. Berkshire shares plummeted 99.7%, while Chipotle’s stock fell 66%. In response to the event, renowned whistleblower Edward Snowden took to social media, asserting that “bitcoin fixes this.” NYSE Disruptions Trigger Stock Falls; […] Original

Crypto Pundit Shares “Inevitable” Prices For Bitcoin And 5 Altcoins

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With the crypto market expected to enter a bull run later this year, and Bitcoin, alongside altcoins, are already expected to be responding to it. As crypto investors eagerly await this bull run, a crypto analyst has revealed where they expect the prices of six cryptocurrencies to reach. Bitcoin And Altcoins Set To Move As Bitcoin and altcoins begin their move up, Crypto Emily, an analyst, has revealed where she expects the price of major cryptocurrencies to go. The analyst starts out with Bitcoin, giving it a major price tag…

Crypto.com Among 11 Digital Asset Exchanges on the Verge of Getting Licensed in Hong Kong: Report

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Hong Kong’s Securities and Futures Commission (SFC) reportedly says that nearly a dozen crypto exchanges are on the cusp of getting their trading licenses approved. The SFC’s website showed on June 1st that the 11 applicants, including the Singapore-based Crypto.com and the Hong Kong-based Bullish, are “deemed to be licensed,” according to a Bloomberg report. Hong Kong introduced new digital asset exchange regulations last year and set a June 1st deadline for crypto exchanges to obtain a virtual asset trading platform license or get the “deemed to be licensed” status.…