Michael Saylor, the executive chairman of MicroStrategy, has ignited fresh debate about the potential of Bitcoin to reshape the global economy. In a recent podcast interview, Saylor painted a future where Bitcoin transcends its role as a digital currency, transforming into a cornerstone for “economic immortality” and global financial stability. Related Reading: Crypto App CoinStats […]
AI predicts XRP price for July 1, 2024
The post AI predicts XRP price for July 1, 2024 appeared on BitcoinEthereumNews.com. In 2024, as in the years before, hope that XRP will rally to reclaim its place among the major cryptocurrencies has persisted and has even been spurred on by some positive, though uncertain, developments in Ripple’s long-standing legal battle with the U.S. […]
South Korean researcher sees risks with spot crypto ETFs
The post South Korean researcher sees risks with spot crypto ETFs appeared on BitcoinEthereumNews.com. A recent report from the Korea Institute of Finance cautions against introducing spot cryptocurrency exchange-traded funds (ETFs) in South Korea, arguing the risks outweigh potential benefits at this time. Bo-mi Lee, a researcher at the institute, analyzed the recent approvals of […]
Tokenized Financial Market Could Double to $4 Trillion by 2030
The post Tokenized Financial Market Could Double to $4 Trillion by 2030 appeared on BitcoinEthereumNews.com. McKinsey predicts tokenized financial assets could hit $2T by 2030, with cash, bonds, and ETFs leading early adoption. Tokenization faces adoption challenges due to regulatory complexities but offers benefits like faster settlement and liquidity. Early movers in tokenization could gain […]
Consensys Founder Believes Crypto Regulatory Hurdles Nearing Finish Line
The post Consensys Founder Believes Crypto Regulatory Hurdles Nearing Finish Line appeared on BitcoinEthereumNews.com. On June 19, the U.S. Securities and Exchange Commission (SEC) officially ended its probe into Ethereum 2.0 and no longer pursued charges against Ethereum sales as securities. According to Joseph Lubin, the Canadian-American businessman and founder of ConsenSys, the landmark decision […]
Mt. Gox to begin Bitcoin and BCH repayments next month
The post Mt. Gox to begin Bitcoin and BCH repayments next month appeared on BitcoinEthereumNews.com. Mt. Gox is set to start Bitcoin (BTC) and Bitcoin Cash (BCH) repayments in early July. This long-awaited move comes after extensive preparations by the Rehabilitation Trustee, Nobuaki Kobayashi. The oldest cryptocurrency exchange in the world has reportedly been working […]
Japanese consulting firm Metaplanet to put $6.2m in Bitcoin
The post Japanese consulting firm Metaplanet to put $6.2m in Bitcoin appeared on BitcoinEthereumNews.com. Tokyo-headquartered public consulting firm Metaplanet has allocated over $6.2 million to buy Bitcoin for “long-term holding.” Metaplanet Inc., a Tokyo-headquartered investment firm that specializes in hotel and crypto consulting, raised ¥1 billion yen through the issuance of the second series of […]
Bitcoin Bears Target $60,000 Level As Price Continue To Decline
The post Bitcoin Bears Target $60,000 Level As Price Continue To Decline appeared on BitcoinEthereumNews.com. Bitcoin is currently experiencing a notable decline, with its price steadily approaching the crucial $60,000 mark. The market sentiment has turned increasingly bearish, driven by a combination of macroeconomic factors and a recent surge in selling pressure. This shift has […]
Dow Jones Index Elliott Wave technical analysis [Video]
The post Dow Jones Index Elliott Wave technical analysis [Video] appeared on BitcoinEthereumNews.com. DOW JONES- DJI Elliott Wave Analysis Trading Lounge Day Chart, Dow Jones Elliott Wave technical analysis Function: Counter Trend. Mode: Corrective. Structure: Navy blue wave 4. Position: Grey wave 1. Direction next higher degrees: Navy blue wave 5. Details: Navy blue wave 4 still is in […]
Mt. Gox to start creditor repayments next month, asks users to ‘wait a while’
The post Mt. Gox to start creditor repayments next month, asks users to ‘wait a while’ appeared on BitcoinEthereumNews.com. Bankrupt crypto exchange Mt. Gox says its rehabilitation trustee will start processing repayments in bitcoin (BTC) and bitcoin cash (BCH) next month. This is according to a note issued by the exchange on Monday. In the […]