Asset management firm Vaneck released a report projecting bitcoin could reach $2.9 million per coin by 2050, becoming a global medium of exchange and reserve currency. The report suggests bitcoin could settle 10% of global international trade and 5% of domestic trade, with central banks holding 2.5% of their assets in BTC. Scalability challenges are […] Original
Ripple CEO Brad Garlinghouse has criticized Congressman Brad Shermanโs anti-crypto comments, urging Vice President Kamala Harris to distance herself from such views. The Ripple executive warned that opposing cryptocurrencies is equivalent to opposing innovation, benefiting Republicans who support technological progress. He emphasized the need for the U.S. to align with other advanced economies with clear [โฆ] Source CryptoX Portal
Hong Kong politician Johnny Ng expressed interest in the concept of a national Bitcoin reserve, following Trumpโs Bitcoin 2024 keynote speech โ which included a plan for a U.S. Bitcoin reserve. In a post on X today, July 28, Ng, a member of the Hong Kong Legislative Council, offered his insights on Bitcoin (BTC) and web3, highlighting their significance and potential in the region. Ng, a self-proclaimed web3 advocate, suggested that Bitcoin is โworth consideringโ as a financial reserve for nations and regions. He noted the increasing global acceptance of…
Gemini co-founder Tyler Winklevoss has urged the crypto industry to demand to know who the next U.S. Securities and Exchange Commission (SEC) chair will be before the election. He also urged crypto supporters to โdemand that both parties embrace our industry, treat it fairly, and do everything in their power to ensure that America is [โฆ] Source CryptoX Portal
The SEC has approved NYSE Arca’s proposal to list and trade shares of the Grayscale Bitcoin Mini Trust. Grayscale’s new trust will feature competitive fees. “This approval order is based on all of the exchanges’ representations and descriptions in their respective amended filings, which the Commission has carefully evaluated,” said the securities regulator. SEC Approves […] Original
This weekโs crypto funding highlights include investments in web3 gaming, Ethereum scaling, Bitcoin infrastructure and decentralized AI. Riot Platforms takes over Block Mining Our funding roundup starts with a takeover. On July 24, Bitcoin (BTC) mining firm Riot Platforms said it had acquired Block Mining, a Kentucky-based Bitcoin miner, in a $92.5 million deal. According to Riot, this acquisition could potentially increase its operational capacity by 60 megawatts, with plans to expand to 110 MW by the end of 2024.ย Riot paid $18.5 million in cash and $74 million in…
Ron Paul, former U.S. congressman and well-known advocate for liberty, shared his thoughts on bitcoin and monetary policy during an interview with Bitcoin Magazine editor Pete Rizzo. Paul emphasized the importance of liberty and sound money principles while expressing cautious optimism about bitcoin’s future. Freedom Advocate Ron Paul Pushes for Sound Money Principles Freedom advocate […] Original
On July 28, 2024, bitcoin was trading at $67,872 per coin when a dormant bitcoin address created in 2017 transferred 121.63 BTC, now valued at $8.25 million, after more than seven years. Dormant Bitcoin Address Transfers $8.25M This Sunday, at block height 854,349, btcparser.com’s Bitcoin blockchain parser identified a transfer from a 2017 address, moving […] Original
Bitcoinโs recent 20% surge over the past three weeks has reinvigorated bullish sentiments among traders, according to data from Santiment.ย This sentiment shift marks the most positive outlook on Bitcoin (BTC) since March 2023, with the term โBitcoinโ being discussed more favorably on social media than at any point in the last 16 months. ๐ค Bitcoin’s +20% 3-week price rally has left traders feeling a whole lot more bullish than they were at the beginning of the month. The ratio of positive vs. negative comments toward BTC has launched to…
At the Bitcoin 2024 conference in Nashville, the Chinese bitcoin application-specific integrated circuit (ASIC) manufacturer Microbt introduced its new line of M6XS+ miners. These miners offer a hashrate ranging from 190 terahash per second (TH/s) to 450 TH/s, with an efficiency of 17 joules per terahash (J/T). Microbt Reveals Cutting-Edge Whatsminer Rigs Microbt, the developer […] Original