Blockstream CEO Adam Back, a prominent figure in the cryptocurrency space, recently suggested in a post that Bitcoin could potentially exceed $700,000 if it manages to match the market capitalization of gold, currently around $13.5 trillion. Back’s remark was prompted by observations that Bitcoin is not only attracting substantial investment but also causing a decline…

summary Amid ongoing discussions about privacy, the United Kingdom is advancing its plans for a CBDC, while also advocating for privacy protections and transparency. The United Kingdom is forging ahead with its efforts to introduce a central bank digital currency (CBDC), despite lingering worries about privacy implications. Recently, the government released the results of its…

In a destructive cyber assault, more than a hundred healthcare facilities in Romania have succumbed to a ransomware attack, causing significant disruptions to crucial operations and jeopardizing patient care, according to reports from local media. The attack, directed at a widely utilized medical information system, unfolded overnight on Monday, forcing doctors and staff to resort…

summary The primary factor behind the retracement was the inflation data exceeding expectations. The amount of long-term holder (LTH) supply held at a loss decreased to 6.5%, indicating a shift towards distribution. Bitcoin’s time at $50,000 was brief, with recent developments leading to a minor price correction within the last 24 hours. Indeed, the flagship…

Renowned cybersecurity expert Samczsun, operating under a pseudonym, has founded a fresh alliance of white-hat hackers dedicated to shielding cryptocurrency projects from the escalating threats of cyber assaults. Samczsun, employed at the digital-asset investment firm Paradigm, christened the initiative Security Alliance and established it as a non-profit organization. Across the industry, numerous developers and cryptocurrency…

summary Speculation about a potential settlement in the Ripple and SEC lawsuit has intensified following a recent court ruling. Legal analysts stress the confidentiality of settlement discussions, minimizing the likelihood of any leaks. Amid looming deadlines, the outcome of the case remains uncertain. Ripple to reveal financial records. Nevertheless, legal experts closely observing the case…

The Genesis bankruptcy case ruling on Feb. 14 could lead to increased selling pressure and outflows for Grayscale’s GBTC. Judge Sean Lane of the U.S. Bankruptcy Court approved Genesis, a subsidiary of Digital Currency Group (DCG), to sell shares from various Grayscale crypto products, which include its Bitcoin ETF GBTC, its Ethereum Trust (ETHE), and…

The SEC requested the court to dismiss the case without prejudice, while DEBT Box alleges a double standard is in action. DEBT Box is urging a federal judge not to grant the Security and Exchange Commission’s recent motion to dismiss its case against the cryptocurrency project, alleging the federal agency is trying to conceal serious…

Cryptocurrency analyst Smiley discussed his price forecasts for BTC, ETH, and SOL in his statement for 2024. Value of Key Cryptocurrencies According to Smiley’s forecast, Bitcoin (BTC) is expected to fluctuate between $100,000 and $120,000 in 2024. The analyst anticipates Ethereum (ETH) to achieve a range between $7,000 and $8,000 in value. The prediction suggests…

in brief The launch of Plutus V3 on SanchoNet elevates Cardano’s smart contract capabilities, bolstered by new crypto primitives and SOPs, thereby enhancing efficiency. Plutus V3 is geared towards expanding Cardano’s blockchain applications through its advanced features. Input Output Global, a prominent research and development firm in the blockchain sector, has unveiled the launch of…