Gary Gensler Wants More Crypto Control After FTX Debacle
The drama behind the now failing digital currency exchange FTX is getting larger, and it’s giving Gary Gensler – the man behind the Securities and Exchange Commission (SEC) an excuse to deepen his involvement.
Gary Gensler Wants Higher SEC InvolvementFTX was, at one point, one of the largest and most popular digital currency exchanges out there. At only three years old (it was founded in 2019), the company soon rose to the top to become one of the most profitable platforms in the space, and many wondered how a firm could rise to fruition so fast.
Many believed this was the mark of a genius, and that genius allegedly came in the form of Sam Bankman-Fried, who was the head executive of the Bahamas-based exchange. Now, however, things have greatly turned around for the company, and not in a good way.
The drama behind the now failing digital currency exchange FTX is getting larger, and it’s giving Gary Gensler – the man behind the Securities and Exchange Commission (SEC) an excuse to deepen his involvement.
Gary Gensler Wants Higher SEC InvolvementFTX was, at one point, one of the largest and most popular digital currency exchanges out there. At only three years old (it was founded in 2019), the company soon rose to the top to become one of the most profitable platforms in the space, and many wondered how a firm could rise to fruition so fast.
Many believed this was the mark of a genius, and that genius allegedly came in the form of Sam Bankman-Fried, who was the head executive of the Bahamas-based exchange. Now, however, things have greatly turned around for the company, and not in a good way.
Binance.US To Scoop Voyager Digital’s Assets For $1 Billion
Summary:
Binance’s American division successfully bid $1.022 billion for assets under bankrupt crypto broker Voyager Digital.The deal could fast-track unlocking customer funds after Voyager collapsed in July 2022 due to market conditions and exposure to Three Arrows Capital.Sam Bankman-Fried’s FTX bid $1.4 billion for Voyager’s asset before SBF’s crypto exchange crashed in November.BinanceUS sealed a deal to buy Voyager Digital assets after the crypto broker froze withdrawals and filed for Chapter 11 bankruptcy in July 2022. The official statement published on Monday said that BinanceUS was the highest bidder with $1.022 billion.
1/ Today, @BinanceUS was selected highest and best bid in Voyager’s reopened bankruptcy asset auction. Once the deal is completed, Voyager users will finally be able to access their digital assets on the https://t.co/Wc26vMosC4 platform.Read: https://t.co/gBK5m3kcYn
Summary:
Binance’s American division successfully bid $1.022 billion for assets under bankrupt crypto broker Voyager Digital.The deal could fast-track unlocking customer funds after Voyager collapsed in July 2022 due to market conditions and exposure to Three Arrows Capital.Sam Bankman-Fried’s FTX bid $1.4 billion for Voyager’s asset before SBF’s crypto exchange crashed in November.BinanceUS sealed a deal to buy Voyager Digital assets after the crypto broker froze withdrawals and filed for Chapter 11 bankruptcy in July 2022. The official statement published on Monday said that BinanceUS was the highest bidder with $1.022 billion.
1/ Today, @BinanceUS was selected highest and best bid in Voyager’s reopened bankruptcy asset auction. Once the deal is completed, Voyager users will finally be able to access their digital assets on the https://t.co/Wc26vMosC4 platform.Read: https://t.co/gBK5m3kcYn
OnlyOrigin is giving away over $100,000 in NFTs for Christmas!
Christmas is approaching, and it’s a season of joy! It’s not just Santa handing out presents this year, so you can also receive a thank you gift from OnlyOrigin under the tree.
We’re also here with gifts! To celebrate the Christmas event and to thank everyone for supporting OnlyOrigin in 2022, we are launching an exclusive Christmas event. We will give away gifts worth more than 100,000 US dollars, including NFT Christmas, limited NFT and OnlyOrigin commemorative gold coins.
Christmas is approaching, and it’s a season of joy! It’s not just Santa handing out presents this year, so you can also receive a thank you gift from OnlyOrigin under the tree.
We’re also here with gifts! To celebrate the Christmas event and to thank everyone for supporting OnlyOrigin in 2022, we are launching an exclusive Christmas event. We will give away gifts worth more than 100,000 US dollars, including NFT Christmas, limited NFT and OnlyOrigin commemorative gold coins.
Space Odyssey Loyalty Program by BitSpinCasino Dishes Out up to 15% Weekly Cashback & 300 Free Spins
Get rewarded for reaching new levels in the loyalty program by playing games and earning loyalty points.Casino loyalty programs have evolved through the changing paradigm of the casino industry. Digitalization has provided the arena of chance-based gaming the mobility to fit right onto the handheld devices of players. Registered members that reach the VIP levels can passively earn cash prizes, cashback, Free Spins & other bonuses, while not even being aware that they might be getting rewarded simply for playing their favorite games.
Space Odyssey: A VIP Loyalty ProgramBitSpinCasino, sponsored by Bitcoin.com, offers a loyalty program that delivers a rich VIP experience while dishing out competitive rewards to those who would like to make the casino their preferred portal to play. Space Odyssey, the loyalty program pays homage to the legendary filmmaker Stanley Kubrick by naming itself after the space-time classic that renders the same titular effect.Sometimes unbeknownst to the player, any registered member who plays the casino games automatically starts accumulating loyalty points. Once these points reach a certain threshold, they start rewarding the player with regular freebies as they progress level by level in the loyalty program.
Rewards in the Loyalty ProgramEach level unveils a special kind of spacecraft for the player while upgrading their ranks in the BitSpinCasino Universe and rewarding them with extra booster bonuses such as increasing weekly cashback and Free Spins on every level. Starting at the level of Rookie aboard a humble spacecraft called the Orbital Yacht, the player can level up all the way to gain control of the Galactic Cruiser and become the Master of the Universe, where they can enjoy 300 Free Spins, as well as 15% cashback every week.The upper echelons of these levels also unlock access to a special, dedicated VIP Manager that will be available for the player 24/7, whenever they need any kind of assistance. Not only do players here get pampered with VIP treatment but are also offered many exclusive promotions tailored specifically to the player’s preferences.
Get rewarded for reaching new levels in the loyalty program by playing games and earning loyalty points.Casino loyalty programs have evolved through the changing paradigm of the casino industry. Digitalization has provided the arena of chance-based gaming the mobility to fit right onto the handheld devices of players. Registered members that reach the VIP levels can passively earn cash prizes, cashback, Free Spins & other bonuses, while not even being aware that they might be getting rewarded simply for playing their favorite games.
Space Odyssey: A VIP Loyalty ProgramBitSpinCasino, sponsored by Bitcoin.com, offers a loyalty program that delivers a rich VIP experience while dishing out competitive rewards to those who would like to make the casino their preferred portal to play. Space Odyssey, the loyalty program pays homage to the legendary filmmaker Stanley Kubrick by naming itself after the space-time classic that renders the same titular effect.Sometimes unbeknownst to the player, any registered member who plays the casino games automatically starts accumulating loyalty points. Once these points reach a certain threshold, they start rewarding the player with regular freebies as they progress level by level in the loyalty program.
Rewards in the Loyalty ProgramEach level unveils a special kind of spacecraft for the player while upgrading their ranks in the BitSpinCasino Universe and rewarding them with extra booster bonuses such as increasing weekly cashback and Free Spins on every level. Starting at the level of Rookie aboard a humble spacecraft called the Orbital Yacht, the player can level up all the way to gain control of the Galactic Cruiser and become the Master of the Universe, where they can enjoy 300 Free Spins, as well as 15% cashback every week.The upper echelons of these levels also unlock access to a special, dedicated VIP Manager that will be available for the player 24/7, whenever they need any kind of assistance. Not only do players here get pampered with VIP treatment but are also offered many exclusive promotions tailored specifically to the player’s preferences.
Head of $2,500,000,000 Coinbase-Acquired Crypto Fund Says Next Bull Market Will Be ‘Very Powerful’
One River Management CEO and CIO Eric Peters says he’s “extremely bullish” on the crypto markets and is expecting a powerful rebound for the nascent asset class.
In a new interview on the Bankless podcast, the head of the $2.5 billion crypto hedge fund recently acquired by Coinbase says tighter macro conditions triggered a rough bear market, but that the worst of it is likely behind us.
One River Management CEO and CIO Eric Peters says he’s “extremely bullish” on the crypto markets and is expecting a powerful rebound for the nascent asset class.
In a new interview on the Bankless podcast, the head of the $2.5 billion crypto hedge fund recently acquired by Coinbase says tighter macro conditions triggered a rough bear market, but that the worst of it is likely behind us.
MicroStrategy Bets Bigger On Bitcoin With $29 Million BTC Scoop
Summary:
MicroStrategy added to its Bitcoin coffers with a $29.3 million BTC purchase, per SEC filing from April 4.The business intelligence firm accumulated 1,045 at an average price of $28,016 per BTC since March 24.Michael Saylor’s firm is the single largest corporate BTC holder with 140,000 tokens, around 0.66% of Bitcoin’s total supply of 21 million coins.Business software firm MicroStrategy accumulated more Bitcoin since March, spending tens of millions of dollars to stack satoshis as crypto’s top coin eyes $30,000.
A filing with the U.S. Securities and Exchange Commission (SEC) from April 4 showed that Michael Saylor’s company splurged $29.3 million to buy 1,045 BTC. The latest Bitcoin buy was scooped up at an average price of $28,016 per BTC since March 24.
Summary:
MicroStrategy added to its Bitcoin coffers with a $29.3 million BTC purchase, per SEC filing from April 4.The business intelligence firm accumulated 1,045 at an average price of $28,016 per BTC since March 24.Michael Saylor’s firm is the single largest corporate BTC holder with 140,000 tokens, around 0.66% of Bitcoin’s total supply of 21 million coins.Business software firm MicroStrategy accumulated more Bitcoin since March, spending tens of millions of dollars to stack satoshis as crypto’s top coin eyes $30,000.
A filing with the U.S. Securities and Exchange Commission (SEC) from April 4 showed that Michael Saylor’s company splurged $29.3 million to buy 1,045 BTC. The latest Bitcoin buy was scooped up at an average price of $28,016 per BTC since March 24.
US Government Will Be Forced To Print Money To Save Political Elite, Pumping Bitcoin and Gold: Arthur Hayes
BitMEX founder and veteran of the crypto space Arthur Hayes is doubling down on his stance that the US will go back to printing massive amounts of money, boosting many assets once again.
Writing in a new essay on his popular blog, Hayes says that the US government (USG) can only avoid expanding the money supply if it’s okay with letting the banking system collapse.
According to him, the political elite will not sign off on such a scenario.
BitMEX founder and veteran of the crypto space Arthur Hayes is doubling down on his stance that the US will go back to printing massive amounts of money, boosting many assets once again.
Writing in a new essay on his popular blog, Hayes says that the US government (USG) can only avoid expanding the money supply if it’s okay with letting the banking system collapse.
According to him, the political elite will not sign off on such a scenario.
Fuck memecoins, says PSYCHO. Yep, you heard that right. Here's why it got our attention:
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
Digital Asset Trust Firm Bitgo Sets Sights on Prime Trust Acquisition
In a recent development, Bitgo, the digital asset trust firm, disclosed that it has penned a letter of intent to acquire Prime Trust, a crypto custodian based in Nevada. Should the acquisition proceed, Prime Trust would become an integral part of Bitgo’s network of regulated trust companies.
Bitgo Signs Letter of Intent to Acquire Crypto Custodian Prime Trust Amid Speculative ChatterBitgo reports that they have signed a letter indicating their intent to acquire Prime Trust. The announcement follows speculative chatter and multiple rumors on social media that suggest Prime Trust was grappling with financial struggles and potential bankruptcy. Last year, Prime Trust found itself in a legal dispute with the now-defunct crypto lender Celsius after they accused the custodian of failing to return $17 million in crypto assets in August 2022.
In October 2022, Prime Trust consented to return the $17 million and stated that it would transfer the funds to a wallet designated by Celsius. Prior to Celsius’ grievance in August, the custodian had secured $107 million during a Series B funding round over a month earlier in June. Preceding the Series B, Prime Trust’s Series A round raised $65 million in July 2021. Following the crypto winter in 2022, however, two unnamed sources reported that Prime Trust laid off one-third of its employees in early 2023.
In a recent development, Bitgo, the digital asset trust firm, disclosed that it has penned a letter of intent to acquire Prime Trust, a crypto custodian based in Nevada. Should the acquisition proceed, Prime Trust would become an integral part of Bitgo’s network of regulated trust companies.
Bitgo Signs Letter of Intent to Acquire Crypto Custodian Prime Trust Amid Speculative ChatterBitgo reports that they have signed a letter indicating their intent to acquire Prime Trust. The announcement follows speculative chatter and multiple rumors on social media that suggest Prime Trust was grappling with financial struggles and potential bankruptcy. Last year, Prime Trust found itself in a legal dispute with the now-defunct crypto lender Celsius after they accused the custodian of failing to return $17 million in crypto assets in August 2022.
In October 2022, Prime Trust consented to return the $17 million and stated that it would transfer the funds to a wallet designated by Celsius. Prior to Celsius’ grievance in August, the custodian had secured $107 million during a Series B funding round over a month earlier in June. Preceding the Series B, Prime Trust’s Series A round raised $65 million in July 2021. Following the crypto winter in 2022, however, two unnamed sources reported that Prime Trust laid off one-third of its employees in early 2023.
Bitcoin Falls Below $26,000 Amid Regulatory Concerns, Debt Ceiling Predictions: What’s Next For BTC?
Bitcoin has plunged 4.1% in the past seven days trading at $25,644 way below the $27,000 resistance level. Investors worry over the debt ceiling negotiations and regulatory uncertainty in the United States as BTC hit a 30-month low. Total value locked across DeFi protocols sheds 3.65% in 24 hours as slow exit continues amid wider market concerns. The digital assets market has recorded bullish signals this year but the recent outlook suggests it may be heading towards the first bad month of 2023.
Digital assets continue their week-long poor form with Bitcoin (BTC), Ethereum (, ETH), and other top 10 assets falling below prominent positions. Market leader BTC hit a 30-day low yesterday at $25,511, dropping 5% across 24 hours.
Bitcoin has plunged 4.1% in the past seven days trading at $25,644 way below the $27,000 resistance level. Investors worry over the debt ceiling negotiations and regulatory uncertainty in the United States as BTC hit a 30-month low. Total value locked across DeFi protocols sheds 3.65% in 24 hours as slow exit continues amid wider market concerns. The digital assets market has recorded bullish signals this year but the recent outlook suggests it may be heading towards the first bad month of 2023.
Digital assets continue their week-long poor form with Bitcoin (BTC), Ethereum (, ETH), and other top 10 assets falling below prominent positions. Market leader BTC hit a 30-day low yesterday at $25,511, dropping 5% across 24 hours.
$0.001 SHIB Price Beckons As Shiba Inu Ecosystem Flares With Massive Activity Ahead Of Shibarium Launch
Shiba Inu (SHIB), the world’s second-largest meme coin, has been grabbing attention in the cryptocurrency markets lately, sparking curiosity and raising questions about its potential.
On July 6, crypto onchain analytics firm Santiment highlighted the significant rise in the creation of new daily addresses for Shiba Inu, averaging over 2,500 per day in the past couple of weeks. In a tweet, the firm noted that while the price performance of SHIB may have been underwhelming in the past year, there is hope behind one of 2021’s favourite meme coins.
Shiba Inu (SHIB), the world’s second-largest meme coin, has been grabbing attention in the cryptocurrency markets lately, sparking curiosity and raising questions about its potential.
On July 6, crypto onchain analytics firm Santiment highlighted the significant rise in the creation of new daily addresses for Shiba Inu, averaging over 2,500 per day in the past couple of weeks. In a tweet, the firm noted that while the price performance of SHIB may have been underwhelming in the past year, there is hope behind one of 2021’s favourite meme coins.
Paypal Pauses UK Crypto Purchases Amid Regulatory Changes; Assures Resumption in Early 2024
In recent communications to its U.K. clientele, Paypal has announced a temporary suspension of cryptocurrency purchases starting October 1, 2023, with plans to resume in early 2024. Notably, even amidst this hiatus, users can continue to hold their crypto within the Paypal ecosystem and are free to liquidate their digital holdings whenever they wish.
Paypal Temporarily Halts UK Cryptocurrency BuysBritish Paypal users will find their ability to acquire digital currencies curtailed post-October 1, 2023. This temporary measure, as highlighted in an email to U.K. customers, is set to last until sometime in the early part of 2024, with the company assuring, “We expect to re-enable crypto purchases in early 2024.”
This development trails Paypal’s introduction of a stablecoin, PYUSD, anchored to the U.S. dollar’s value. To reflect on the timeline, Paypal had unveiled its crypto services in the U.K. in August 2021, with a full-fledged deployment by September. From that juncture, users could transact in four diverse digital currencies.
In recent communications to its U.K. clientele, Paypal has announced a temporary suspension of cryptocurrency purchases starting October 1, 2023, with plans to resume in early 2024. Notably, even amidst this hiatus, users can continue to hold their crypto within the Paypal ecosystem and are free to liquidate their digital holdings whenever they wish.
Paypal Temporarily Halts UK Cryptocurrency BuysBritish Paypal users will find their ability to acquire digital currencies curtailed post-October 1, 2023. This temporary measure, as highlighted in an email to U.K. customers, is set to last until sometime in the early part of 2024, with the company assuring, “We expect to re-enable crypto purchases in early 2024.”
This development trails Paypal’s introduction of a stablecoin, PYUSD, anchored to the U.S. dollar’s value. To reflect on the timeline, Paypal had unveiled its crypto services in the U.K. in August 2021, with a full-fledged deployment by September. From that juncture, users could transact in four diverse digital currencies.
Tron (TRX) Price Analysis: Path To $0.10 Is Still Open
TRON price started a fresh increase above $0.0820 against the US Dollar, outpacing Bitcoin. TRX’s price could rise further if it clears the $0.085 resistance.
Tron Price AnalysisIn the past few days, Tron price started a steady increase from the $0.0770 support zone against the US Dollar. TRX’s price remained well-bid and was able to climb above the $0.080 zone.
It traded above the $0.0820 and $0.0832 levels to move further into a positive zone. Finally, the bears appeared near the $0.085 level. A high is formed near $0.0849 and the price is now consolidating gains. It is trading well above the 23.6% Fib retracement level of the upward wave from the $0.0770 swing low to the $0.0849 high.
TRON price started a fresh increase above $0.0820 against the US Dollar, outpacing Bitcoin. TRX’s price could rise further if it clears the $0.085 resistance.
Tron Price AnalysisIn the past few days, Tron price started a steady increase from the $0.0770 support zone against the US Dollar. TRX’s price remained well-bid and was able to climb above the $0.080 zone.
It traded above the $0.0820 and $0.0832 levels to move further into a positive zone. Finally, the bears appeared near the $0.085 level. A high is formed near $0.0849 and the price is now consolidating gains. It is trading well above the 23.6% Fib retracement level of the upward wave from the $0.0770 swing low to the $0.0849 high.
Eclipse Announces Solana-Powered Ethereum Rollup
Eclipse, an organization that allows for the construction of customizable rollups, has announced the architecture of its Eclipse mainnet, a Solana-powered Ethereum layer two (L2) scaling rollup. The rollup will benefit from using the Solana Virtual Machine as an execution layer, leveraging this blockchain’s various security and performance benefits.
Eclipse Announces Ethereum L2 Using Solana Virtual MachineEclipse, an organization focused on building scaling solutions for Ethereum, announced its Eclipse mainnet L2 (layer two) solution using Solana-based tech. The project, which is being promoted as the “fastest” Ethereum rollup by the company, will use the Solana Virtual Machine (SVM) to take advantage of the improvements this has over the traditionally used Ethereum Virtual Machine (EVM)
One of these advantages is the parallelized processing of the SVM, which allows performance to scale more efficiently. Also, the possibility of local fee markets, meaning that one non-fungible token (NFT) event will not paralyze the whole network (as has happened before), is an advantage over Ethereum’s current capabilities.
Eclipse, an organization that allows for the construction of customizable rollups, has announced the architecture of its Eclipse mainnet, a Solana-powered Ethereum layer two (L2) scaling rollup. The rollup will benefit from using the Solana Virtual Machine as an execution layer, leveraging this blockchain’s various security and performance benefits.
Eclipse Announces Ethereum L2 Using Solana Virtual MachineEclipse, an organization focused on building scaling solutions for Ethereum, announced its Eclipse mainnet L2 (layer two) solution using Solana-based tech. The project, which is being promoted as the “fastest” Ethereum rollup by the company, will use the Solana Virtual Machine (SVM) to take advantage of the improvements this has over the traditionally used Ethereum Virtual Machine (EVM)
One of these advantages is the parallelized processing of the SVM, which allows performance to scale more efficiently. Also, the possibility of local fee markets, meaning that one non-fungible token (NFT) event will not paralyze the whole network (as has happened before), is an advantage over Ethereum’s current capabilities.
Solana Takes ‘Lion’s Share’ in Top 10 Crypto YTD Performance — SOL Eyeing $3,000 Price by 2030
As a green picture continues to be painted in the crypto market, Solana (SOL) is stamping its authority in the digital asset space as the coin with the highest year-to-date gain.
According to CoinGecko, SOL leads the pack with a 214% YTD increase in the top ten crypto list, with Bitcoin (BTC) and Chainlink (LINK) taking the second and third spots, respectively.
As a green picture continues to be painted in the crypto market, Solana (SOL) is stamping its authority in the digital asset space as the coin with the highest year-to-date gain.
According to CoinGecko, SOL leads the pack with a 214% YTD increase in the top ten crypto list, with Bitcoin (BTC) and Chainlink (LINK) taking the second and third spots, respectively.
BTC Price To $500,000? — Bloomberg Analysts Cite Bitcoin’s Fresh Super Cycle As 2024 Knocks
According to Bloomberg, Bitcoin is primed for an unprecedented rise to $500,000 in the long term. Bloomberg asserted that the asset’s recent surge above $42,000 has spotlighted the beginning of a cycle that can spearhead this bullish rally.
As the report reads,
“Bitcoin topping $42,000 is just the start of a fresh crypto supercycle that will push the world’s biggest token above $500,000 in what adherents say is the new monetary order taking Wall Street by storm.”
According to Bloomberg, Bitcoin is primed for an unprecedented rise to $500,000 in the long term. Bloomberg asserted that the asset’s recent surge above $42,000 has spotlighted the beginning of a cycle that can spearhead this bullish rally.
As the report reads,
“Bitcoin topping $42,000 is just the start of a fresh crypto supercycle that will push the world’s biggest token above $500,000 in what adherents say is the new monetary order taking Wall Street by storm.”
XRP Ledger Pitched To $1.6 Trillion Asset Manager As Ripple Prepares For Institutional Use Of XRP
Ripple’s Chief Technology Officer (CTO) David Schwartz has pitched the merits of the XRP Ledger (XRPL) to behemoth asset manager Franklin Templeton even as traditional finance giants increasingly pivot towards the crypto space.
Schwartz’s endorsement of the XRP Ledger came in response to recent posts by Franklin Templeton that shed light on its interest in the evolving ecosystems of Ethereum and Solana, leading to speculation about potential investments in these networks.
Ripple’s Chief Technology Officer (CTO) David Schwartz has pitched the merits of the XRP Ledger (XRPL) to behemoth asset manager Franklin Templeton even as traditional finance giants increasingly pivot towards the crypto space.
Schwartz’s endorsement of the XRP Ledger came in response to recent posts by Franklin Templeton that shed light on its interest in the evolving ecosystems of Ethereum and Solana, leading to speculation about potential investments in these networks.
Wall Street Veteran Tears Into Spot Bitcoin ETFs, Calls Them A “Giant Mistake”
According to Jim Bianco, president of Bianco Research and Bloomberg columnist, the newly launched exchange-traded funds (ETFs) that invest directly in Bitcoin (BTC) are a giant mistake.
The Wall Street veteran highlighted the pitfalls of the shiny new products, stressing the potential effects spot market Bitcoin ETFs could have on the progress of the largest and oldest cryptocurrency.
Why BTC ETFs Could Be Bad For CryptoThe U.S. Securities and Exchange Commission’s decision to approve spot Bitcoin exchange-traded funds brought in a new wave of investors who had previously kept crypto assets at arm’s length. However, despite the roaring success of these ETFs, president and macro strategist at Bianco Research, Jim Bianco, believes launching these new offerings was a “giant mistake”.
During a recent talk with Bitcoin podcaster Natalie Brunell, Bianco admitted that the newly approved spot Bitcoin ETFs will likely catapult the price of Bitcoin to as high as $60,000. “Everybody, you’re gonna get $60,000 per Bitcoin, congratulations,” he opined. However, he is convinced that Bitcoin will never hit the coveted $1 million mark.
According to Jim Bianco, president of Bianco Research and Bloomberg columnist, the newly launched exchange-traded funds (ETFs) that invest directly in Bitcoin (BTC) are a giant mistake.
The Wall Street veteran highlighted the pitfalls of the shiny new products, stressing the potential effects spot market Bitcoin ETFs could have on the progress of the largest and oldest cryptocurrency.
Why BTC ETFs Could Be Bad For CryptoThe U.S. Securities and Exchange Commission’s decision to approve spot Bitcoin exchange-traded funds brought in a new wave of investors who had previously kept crypto assets at arm’s length. However, despite the roaring success of these ETFs, president and macro strategist at Bianco Research, Jim Bianco, believes launching these new offerings was a “giant mistake”.
During a recent talk with Bitcoin podcaster Natalie Brunell, Bianco admitted that the newly approved spot Bitcoin ETFs will likely catapult the price of Bitcoin to as high as $60,000. “Everybody, you’re gonna get $60,000 per Bitcoin, congratulations,” he opined. However, he is convinced that Bitcoin will never hit the coveted $1 million mark.
Ethereum-Based Tokenized Real Estate Platform USP Announces Official Launch On Republic
Republic.com, a prominent crowdfunding portal, is pleased to announce the official launch of USP on its platform, a revolutionary tokenized real estate marketplace and platform. This move represents a significant victory for investors worldwide hoping to gain access to the profitable U.S. real estate market through cutting-edge blockchain technology, as well as a significant milestone for USP, a very early tokenized real estate initiative on the Ethereum network.
Republic.com, a prominent crowdfunding portal, is pleased to announce the official launch of USP on its platform, a revolutionary tokenized real estate marketplace and platform. This move represents a significant victory for investors worldwide hoping to gain access to the profitable U.S. real estate market through cutting-edge blockchain technology, as well as a significant milestone for USP, a very early tokenized real estate initiative on the Ethereum network.
Best Online Gambling Establishment Reviews: Your Ultimate Overview to Discovering the Perfect Gambling Enterprise
Welcome to our extensive overview on finding the very best online casino evaluates! Whether you are an experienced gamer or just beginning, selecting the best online gambling establishment can significantly improve your betting experience. With many options readily available, it can be frustrating to choose. This short article aims to give you with valuable understandings and suggestions to assist you choose the best on-line gambling enterprise that fits your requirements and choices.
Why Online Casino Reviews IssueOn-line gambling establishment testimonials are important devices for gamers aiming to check out the huge globe of on the internet gaming. These reviews supply thorough info concerning different online gambling establishments, including their game selection, software application carriers, bonuses and promos, repayment approaches, consumer assistance, and extra. By checking out reputable and honest casino site testimonials, vulkanvegas players can make informed choices and prevent any undesirable shocks.
In addition, online casino site testimonials act as a guide to finding risk-free and reputable gambling enterprises. As an on the internet bettor, your safety and personal privacy are of utmost relevance. By choosing a casino with positive reviews and high scores, you can rely on that your individual and economic information will be safeguarded.
Welcome to our extensive overview on finding the very best online casino evaluates! Whether you are an experienced gamer or just beginning, selecting the best online gambling establishment can significantly improve your betting experience. With many options readily available, it can be frustrating to choose. This short article aims to give you with valuable understandings and suggestions to assist you choose the best on-line gambling enterprise that fits your requirements and choices.
Why Online Casino Reviews IssueOn-line gambling establishment testimonials are important devices for gamers aiming to check out the huge globe of on the internet gaming. These reviews supply thorough info concerning different online gambling establishments, including their game selection, software application carriers, bonuses and promos, repayment approaches, consumer assistance, and extra. By checking out reputable and honest casino site testimonials, vulkanvegas players can make informed choices and prevent any undesirable shocks.
In addition, online casino site testimonials act as a guide to finding risk-free and reputable gambling enterprises. As an on the internet bettor, your safety and personal privacy are of utmost relevance. By choosing a casino with positive reviews and high scores, you can rely on that your individual and economic information will be safeguarded.