Category: crypto
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Bitcoin to hit $1 million by 2027 using new adoption pricing model
A new supply-and-demand equilibrium model predicts that Bitcoin could surpass $1 million by January 2027 based on current adoption trends and liquidity. The model, created by Dr. Murray A. Rudd and Dennis Porter, factors in Bitcoin’s fixed supply and institutional adoption. It suggests that growing institutional presence could drive the price to seven-figure levels in…
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Ohio becomes latest state to propose Bitcoin treasury to protect funds from US dollar devaluation
Ohio lawmaker Derek Merrin introduced a bill to establish a Strategic Bitcoin Reserve in the state treasury, allowing investment in Bitcoin to protect against US dollar devaluation. The proposed Ohio Bitcoin Reserve Act positions Ohio as a pioneer in adopting Bitcoin reserves at the state level, following global trends in using Bitcoin as a strategic…
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ASIC sues Binance Australia over investor misclassification and protections
ASIC has filed a lawsuit against Oztures Trading Ltd, operator of Binance Australia Derivatives, for misclassifying over 500 retail investors as wholesale clients, denying them consumer protections. Binance allegedly offered crypto derivative products to these investors without proper disclosures or dispute resolution mechanisms. ASIC seeks penalties and compliance from exchanges.
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Charles Hoskinson urges Cardano Foundation to leave Switzerland for community-driven governance
Charles Hoskinson, founder of Cardano, called for the Cardano Foundation to move to a jurisdiction allowing users to elect board members, criticizing the Swiss government’s appointment process. He urged the community to question the Foundation’s structure and decisions, suggesting a move to regions like Abu Dhabi or Wyoming for a more inclusive governance model.
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What Does Spot Trading Mean in Cryptocurrency and How Is It Done?
Spot trading involves immediate transactions of cryptocurrencies at their current market value. It offers opportunities for beginners and experienced traders alike. Understanding market mechanics, managing risks, and staying informed are key to successful trading. A secure Bitcoin Wallet and the right mindset are essential for confident and responsible trading.
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Galaxy CEO predicts Bitcoin market cap will overtake gold in 5 to 8 years
Galaxy Digital CEO Mike Novogratz predicts that Bitcoin could surpass gold’s market capitalization within five to eight years. Bitcoin’s market cap has reached 14% of gold’s value, with its growth accelerating. Federal Reserve Chair Jerome Powell acknowledges Bitcoin as a digital version of gold but sees it as a speculative asset, not a sovereign currency.…
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Coinbase reveals 18% YoY drop in law enforcement requests
Coinbase received 10,707 requests from global law enforcement and government agencies, a decrease of 18% from the previous year. The US submitted the highest number of requests, while Germany, the UK, and Spain saw significant declines. Singapore had a 221% increase in requests. Most requests were related to criminal enforcement matters. Coinbase aims to comply…
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AlphaOptions traders bet big on Bitcoin reaching $120K despite low odds Alpha 44 seconds agoHigh open interest at $120,000 strike price shows the market is betting on a big finish for Bitcoin in 2024.
AlphaOptions traders are placing large bets on Bitcoin reaching $120,000 in 2024, despite low odds. High open interest at the $120,000 strike price indicates market confidence in a strong finish for Bitcoin.
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Bitwise predicts Ethereum revival in 2025 driven by institutional interest, RWA growth
Ethereum (ETH) is expected to see a resurgence in 2025, fueled by the tokenization of real-world assets (RWAs) and the growing interest in Ethereum ETFs. Major players like BlackRock and UBS have adopted blockchain technology for tokenizing RWAs, creating a $100 trillion opportunity. Regulatory changes may further accelerate Ethereum’s growth.
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Bloomberg analysts expects ‘wave of crypto ETFs’ next year but some hurdles remain
A new wave of crypto exchange-traded funds (ETFs) is expected in 2025, led by Bitcoin-Ethereum products, Litecoin, and Hedera Hashgraph. Legal and regulatory hurdles may delay ETFs tied to Solana and XRP. Litecoin and HBAR have higher odds of approval, but market interest remains uncertain. Regulatory clarity will shape the future of crypto ETFs.