Month: March 2024

Outline In the dynamic world of cryptocurrency, where predictions and warnings often collide, the stage is set for a fascinating dichotomy between optimism and caution. While Bernstein boldly proclaims a lofty Bitcoin price target of $150,000, a chorus of other analysts are raising red flags, underscoring the possibility of an imminent correction. Despite Bitcoin’s recent…

Outline CoinLedger, a renowned cryptocurrency analysis firm, has released an intriguing forecast that has sent shockwaves through the digital asset market. Their latest prediction suggests a jaw-dropping possibility: Bitcoin’s price could skyrocket to an unprecedented $360,000 within a mere year following its highly anticipated halving event slated for 2024. This groundbreaking revelation stems from an…

Outline The success of BlackRock’s ETF on Bitcoin spot The iShares Bitcoin Trust (IBIT) stands as a pivotal milestone in the financial landscape, representing BlackRock’s bold foray into the burgeoning world of spot Bitcoin exchange-traded funds (ETFs). As a subsidiary of BlackRock, iShares has long been a stalwart in the realm of ETF issuance and…

Nigeria is demanding nothing short of full disclosure from Binance, insisting on obtaining intricate details concerning its top 100 users within the country and delving into every transaction made over the past half-year, according to a report by the Financial Times released on Tuesday. This demand echoes amidst the ongoing, protracted detention of Binance’s compliance…

Bernstein analysts stand firm on their prediction of Bitcoin (BTC) reaching $150,000, following the accuracy of their previous forecast of $70,000 last month. In their latest market research report, the brokerage firm highlighted the positive performance of U.S. Bitcoin spot ETFs, launched in January, as a contributing factor to their bullish outlook. They anticipate the…

On March 12, Sweden’s Central Bank Governor, Erik Thedeen, cautioned against significant integration of Bitcoin into the country’s financial infrastructure, highlighting its speculative characteristics and the risk of potential investor losses. Thedeen, who heads the Riksbank, Sweden’s central bank responsible for monetary policy and the issuance of the Swedish krona currency, underscored that Bitcoin is…

in brief The Canton Network pilot by Digital Asset achieved successful execution, with participation from key firms including Goldman Sachs and BNY Mellon. The pilot showcased smooth tokenized asset transactions, indicating the network’s capability to facilitate seamless financial operations. Over 350 simulated transactions were conducted during the test, spanning across different facets of the financial…

summary Drake posted a snippet of Michael Saylor’s CNBC interview discussing Bitcoin to his vast Instagram following of 146 million, emphasizing Bitcoin’s superiority over gold as an asset. This share signifies significant celebrity involvement with cryptocurrency, potentially swaying public attention towards digital assets. MicroStrategy persists in its assertive investment approach towards Bitcoin, acquiring an extra…

in brief Gnosis Chain, a notable sidechain in tandem with Ethereum, has effectively integrated the Dencun upgrade. This upgrade introduces type 3 blob transactions on Gnosis Chain, specifically designed to bolster scalability for decentralized applications (dapps). The deployment of blobs on Gnosis Chain precedes their anticipated implementation on the Ethereum mainnet, set to occur concurrently…

Paolo Ardoino, CEO of Tether, the issuer of USDT, the world’s largest stablecoin by market capitalization, has taken a swipe at Digital Currency Group (DCG), a troubled crypto firm currently embroiled in a legal battle with the New York Attorney General (NYAG). In a post on X on March 11, Ardoino derided DCG following the…