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$4 Trillion Bitcoin And Ethereum Boom Revealed By ‘Seasonal Surge’ Crypto Price Prediction
Billy Bambrough
Senior Contributor
I write about how bitcoin, crypto and blockchain can change the world.
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https://www.forbes.com/sites/digital-assets/2023/06/29/4-trillion-bitcoin-and-ethereum-boom-revealed-by-seasonal-surge-crypto-price-prediction/?sh=4071b6356dee
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Bitcoiners Urge Community to Make ‘GameStop’-esque USD 30 Bitcoin ‘Pump’ for El Salvador
https://cryptonews.com/news/bitcoiners-urge-community-to-make-gamestop-esque-usd-30-bitcoin-pump-for-el-salvador.htm
A growing number of bitcoiners is hoping to coordinate an unprecedented, community-led bitcoin (BTC) pump tomorrow to coincide with the promulgation of El Salvador’s new law that will make the coin legal tender alongside the USD.
Tesla & Elon Musk-Triggered Selloff Shakes Crypto Market, Raises Questions
Read more: https://cryptonews.com/news/bitcoin-rebounds-after-tesla-elon-musk-triggered-selloff-10283.htm
FATF Makes Small Crypto Platforms Easy Prey For Big Players
Read more : https://cryptonews.com/exclusives/fatf-makes-small-crypto-platforms-easy-prey-for-big-players-10132.htm
Bitcoin and the New Non-Governmental Monetary Reality
https://www.coindesk.com/podcasts/coindesk-podcast-network/bitcoin-non-governmental-monetary-reality-asset-managers
A reading of Nik Bhatia’s latest essay for CoinDesk, “Asset Managers, Owning Bitcoin Is Now Your Fiduciary Duty.”
Bitcoin tumbles below $50,000, other cryptos sink over Biden tax plans
https://www.reuters.com/business/bitcoin-sinks-below-50000-cryptos-stumble-over-biden-tax-plans-2021-04-23/
Bitcoin and other cryptocurrencies posted sharp losses on Friday, onconcern that U.S. President Joe Biden's plan to raise capital gains taxes will curb investments in digital assets.
Huobi Charity Pledges $1 Million to UNICEF to Drive Social Impact Through Blockchain and Emerging Tech
Read more :
https://blog.hbg.com/huobi-charity-pledges-1-million-to-unicef-to-drive-social-impact-through-blockchain-and-emerging-tech/
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A Global Cryptocurrency Leader Since 2013
Dogecoin: Don't Try To Stop This Runaway Hype Train, You Will Get Crushed
Summary
Dogecoin rocket ship follows GameStop to the moon, and beyond.
Who is behind Dogecoin's epic run? Not Wall Street Bets, not Elon Musk, not Coinbase IPO.
Dogecoin is not just a cultural meme, it may have some functional utility due to its unique characteristics in the crypto space.
Investors who see Dogecoin as a bubble may still get burned if they try to bet on its collapse.
Ref : https://seekingalpha.com/article/4419590-dogecoin-dont-try-stop-runaway-hype-train?utm_source=coinmarketcap.com&utm_medium=referral
$600 Million in BNB Gone: Binance Completes the 15th Token Burn
Start Your Journey with Binance today >>
https://www.binance.com/en/register?ref=80222003
Zip's Potential Crypto Trading, Rothschild ETH Investment + More News
Adoption news
Major Australian fintech, 'buy-now-pay-later' company Zip Co. is looking at expanding into crypto and stock trading, reported the Wall Street Journal, citing co-founder Peter Gray. Zip may offer the services through its existing app as they try to further engage the younger consumers who make up the majority of their customer base. They would likely roll out the services to their US QuadPay unit, which added 674,000 customers in the third quarter for a total of 3.8m customers. No timeline was given, and it's unclear whether stock or crypto trading would launch first.
Digital banking and payments group Novatti has begun using RippleNet’s On-Demand Liquidity (ODL) service, provided by Ripple, the blockchain company behind the XRP coin - leveraging XRP for cross-border payments. Live now, Novatti expects to process several thousand transactions a month through RippleNet and is planning to quickly scale the service to more fintech customers and other countries in Southeast Asia, said the announcement. The partnership between the companies was first announced last December, and it initially focuses on remittances between Australia and the Philippines through the country’s major non-bank, Filipino-owned remittance service provider, iRemit.
A British billionaire has put his massive property, which overlooks Hyde Park in the exclusive Knightsbridge district of central London, up for sale and said he will accept payment for it in bitcoin (BTC) or ethereum (ETH). Per the Daily Mail, “a source with knowledge of the matter” confirmed that the property tycoon Nick Candy has put the two-story apartment, which houses a private cinema and library, on the market for a cool USD 241.8m. A Candy spokesperson also confirmed the news to Bloomberg. The property also features a 21m swimming pool, sprawls over a whopping 1,672sqm.
Investments news
Chicago-based asset manager Rothschild Investment Corporation recently bought 265,302 shares of the Grayscale Ethereum Trust, its first investment in the vehicle. Per the filing to the US Securities and Exchange Commission (SEC), they also increased their position in the Grayscale Bitcoin Trust to 38,346 shares. On March 31, the shares in the ETH trust were worth USD 4.75m, and those in the BTC trust were worth USD 1.92m.
Celebrity stockpicker Cathie Woods' ARK funds bought more shares of Coinbase worth USD 110m a day after the crypto exchange's Nasdaq debut, Reuters reported, citing the firm's daily trade summary on Thursday.
CBDC news
In an interview with Bloomberg TV, a senior Bank of Japan official, Kazushige Kamiyama, "downplayed the threat of China’s digital currency to the established order as it’s unlikely to be the dominant player in global financial settlements even if China leads the way."
Cr: https://cryptonews.com/news/zip-s-potential-crypto-trading-rothschild-eth-investment-mor-9952.htm
Major Australian fintech, 'buy-now-pay-later' company Zip Co. is looking at expanding into cryptocurrency and stock trading. Meanwhile, Chicago-based asset manager Rothschild Investment Corporation recently bought 265,302 shares of the Grayscale Ethereum (ETH) Trust.
A Global Cryptocurrency Leader Since 2013
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Bitcoin Is Sky-high. Don’t Miss Out on Hundreds of Thousands in BTC Profits
Every time we think that the price of Bitcoin has peaked it just seems to shoot up even more and it is now at an all-time high, having pushed through the 64,000 USD barrier for the first time. Not only has Bitcoin showed incredible staying power over the last 10 years, but the increasing demand and limited supply makes its future seem even rosier. It has been given a recent boost from big names like Square and Paypal, with America’s oldest bank, BNY Mellon, and Mastercard now following in their footsteps, supporting crypto payments. In addition, investors are pouring their capital into BTC in response to COVID 19, while the Federal Reserve has driven down interest rates near zero, weakening the US dollar.
All of this makes BTC an amazing investment opportunity but the risks of such an insanely volatile asset class should not be brushed aside.
More info: https://cryptonews.com/news/bitcoin-is-sky-high-don-t-miss-out-on-hundreds-of-thousands-9941.htm?utm_source=vuukle&utm_medium=talk_of_town
BNB Drops As Binance Burns Almost USD 600M Worth of Coins
Binance coin (BNB) is the worst-performing major cryptoasset today as Binance said it has completed its 15th quarterly BNB token burn, destroying BNB 1,099,888 (USD 5.8bn).
At 09:19 UTC, BNB trades at USD 523 and is down by 4% in an hour and a day, trimming its weekly gains to 25%. The price doubled in a month and rallied by 3,492% in a year.
"This burn effectively took USD 595,314,380 worth of BNB out of circulation forever. With this recent burn, the total supply of BNB has officially decreased from 170,532,825 BNB to 169,432,937 BNB. This 15th quarterly BNB burn is the highest-ever in US dollar terms," CEO Changpeng Zhao said.
This past January, the company said it plans to accelerate the burn that was planned to last for 27 years. "The current accelerated burn would put the trajectory to be around 5-8 years to finish the 100 million BNB," the CEO said back then, adding that "a number of factors could change the accelerated part in the future, including BNB price fluctuations, overall market conditions, and more."
https://cryptonews.com/news/bnb-drops-as-binance-burns-almost-usd-600m-worth-of-coins-9943.htm
DOGE Flips XRP, Ethereum, and Bitcoin On Google, Surpasses Tether (UPDATED)
The world's most famous meme coin, dogecoin (DOGE), moved pass the biggest coins in the world on Google Trends, and flipped five major altcoins to move deeper into the top 10 list. (Updated at 13:50 UTC: updates throughout the entire text. Updated at 14:32 UTC with a comment from Mati Greenspan. Updated at 14:47 UTC with liquidation data and a new reaction. Updated at 15:01 UTC with comments from Michael Kamerman and David Kimberley.)
The search interest in doge has flipped that of four biggest coins in the world by market capitalization: bitcoin (BTC), ethereum (ETH), binance coin (BNB), and XRP.
Ref:https://cryptonews.com/news/dogecoin-flips-xrp-ethereum-and-bitcoin-on-google-9940.htm
Turkey’s central bank has banned the use of cryptoassets in payments, claiming that tokens entail significant risks due to volatile market values, irrevocable transactions and can be used to fund illicit behavior. (Updated at 07:41 UTC: updates throughout the entire text. Updated at 10:03 UTC: updates throughout the entire text. Updated at 12:39 PM UTC with a comment from Elbruz Yilmaz and new reactions.)
The restriction would come into effect on April 30.
The bank said that cryptoassets were “neither subject to any regulation and supervision mechanisms nor a central regulatory authority.” In an official statement, the bank claimed it had issued what it called a “Regulation on the Disuse of Cryptoassets in Payments.”
At 10:01 UTC, bitcoin (BTC) trades at USD 60,719 and is down by 3% in a day, ethereum (ETH) dropped by 2.6%, to USD 2,387.
CR: https://cryptonews.com/news/turkey-bans-crypto-payments-9938.htm
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