Gold advocate and vocal bitcoin critic Peter Schiff has warned of a bubble in bitcoin exchange-traded funds (ETFs) that will burst when gold rallies. Schiff argues that gold will “inevitably” break out, and the price of bitcoin will crash as investors withdraw from bitcoin ETFs. “Bitcoin has basically become a bet against gold,” he stressed. […] Source: https://news.bitcoin.com/peter-schiff-predicts-bitcoin-etf-bubble-expects-btc-to-crash-when-gold-breaks-out/
Jim Cramer, the host of CNBC’s Mad Money show, believes that a spot ethereum exchange-traded fund (ETF) “will soon bloom.” He cited the immense success of spot bitcoin ETFs, which set several records this week, as the reason behind his statement. Jim Cramer on Spot Ethereum ETFs Mad Money host Jim Cramer weighed in on […] Source: https://news.bitcoin.com/mad-money-host-jim-cramer-expects-spot-ethereum-etf-to-bloom-soon/
Bank of America’s Merrill Lynch and Wells Fargo’s wealth management arm have reportedly begun offering some clients access to spot bitcoin exchange-traded funds (ETFs). Other investment platforms that offer some clients access to spot bitcoin ETFs include Fidelity, Charles Schwab, Robinhood Markets, and UBS. Major Banks Embrace Bitcoin ETFs Bank of America’s investment arm, Merrill […] Source: https://news.bitcoin.com/bank-of-america-merrill-lynch-and-wells-fargo-begin-offering-spot-bitcoin-etfs-to-clients-report/
MixMob, a Solana-based gaming brand, announced Thursday that it will add the Stormtrooper character from “Star Wars: A New Hope” as an NFT collectible and playable character for its Racer 1 game that mashes up racing and card-based strategy. But there’s some interesting nuance to this license deal. While the licensed character is indeed the iconic Stormtropper from the original…
Yuga Labs is opening the gates to Otherside for a limited-time event called “Apes Come Home,” which gives Bored Ape Yacht Club NFT owners another small taste of the long-in-development metaverse game world. Rug Radio creator Orangie hopped into the first session on Thursday with his own Bored Ape avatar in tow, and put together this video to share a…
South Korea has delayed its efforts to relax its crypto regulations and the prohibition on spot bitcoin exchange-traded funds (ETFs). This development follows closely behind the People Power Party’s contemplation of removing certain regulations and the ETF ban before the commencement of South Korea’s general election. South Korea Holds Back on Crypto Regulation and Reported […] Source: https://news.bitcoin.com/report-election-concerns-halt-south-koreas-crypto-and-etf-regulation-ease/
Orangie Plays the ‘Otherside’ Apes Come Home Game Event With His Bored Ape Rug Radio creator Orangie checked out the limited-time “Apes Come Home” event in Otherside, the Bored Ape metaverse game, and got to use his own Ape avatar. Was it worth the $75K he spent for the NFT? Check out his impressions of the experience. Source: https://decrypt.co/videos/interviews/IdyVeqvK/orangie-plays-the-otherside-apes-come-home-game-event-with-his-bored-ape
A leading economist has expressed deep concern over America’s soaring $34 trillion national debt, warning of no significant efforts to mitigate it. Meanwhile, Federal Reserve Bank of Atlanta President Raphael Bostic suggests a potential easing of policy rates by summer. Ex-IMF Chief Economist Voices Concern Over Soaring U.S. Debt Olivier Blanchard, a senior fellow at […] Source: https://news.bitcoin.com/former-imf-economist-raises-alarm-on-us-debt-as-atlanta-fed-chief-signals-potential-rate-cuts/
Blast, an Ethereum layer-2 scaling network from the founder of leading NFT marketplace Blur, launched its mainnet Thursday afternoon, finally unlocking billions of dollars’ worth of crypto funds that users had locked up in an effort to earn staking and airdrop rewards. More than $2.3 billion had been staked into the bridge from the Ethereum mainnet to Blast, according to…
Inspectors from the U.S. Food and Drug Administration (FDA) raised concerns about how animal welfare at Neuralink was being assessed and documented during an inspection of the brain chip startup’s California laboratory, according to agency documents reviewed by Decrypt. The Elon Musk-owned company failed to produce myriad materials related to the maintenance of scientific equipment, hygiene, and animal welfare at…
