Rich Dad Poor Dad author Robert Kiyosaki has shared what he will do if the price of bitcoin crashes to $200 as predicted by economist Harry Dent. “Harry Dent is predicting the biggest ‘everything’ crash is coming,” the famous author said, emphasizing: “I am a hard, real money advocate, and I only save real gold, […] Source: https://news.bitcoin.com/robert-kiyosaki-responds-to-bitcoin-crashing-to-200-prediction-by-economist-harry-dent/
Month: April 2024
JPMorgan Anticipates SEC Approving Spot Ethereum ETFs After Litigation Process
Global investment bank JPMorgan anticipates that the U.S. Securities and Exchange Commission (SEC) will eventually approve spot ether exchange-traded funds (ETFs). However, the firm pegs the chance of approval in May at 50%, foreseeing a potential litigation process if an ether ETF application is rejected at that time. JPMorgan on Potential SEC Approval of Spot […] Source: https://news.bitcoin.com/jpmorgan-anticipates-sec-approving-spot-ethereum-etfs-after-litigation-process/
Federal Reserve’s Neel Kashkari on Bitcoin: Still No Legitimate Use Case in an Advanced Democracy
The president and CEO of the Federal Reserve Bank of Minneapolis, Neel Kashkari, has expressed concern about consumer risk due to “fraud, hype, and confusion” surrounding bitcoin. Moreover, he said the cryptocurrency has been around for more than a decade but “there’s still no legitimate use case in an advanced democracy.” ‘I Am Worried From […] Source: https://news.bitcoin.com/federal-reserves-neel-kashkari-on-bitcoin-still-no-legitimate-use-case-in-an-advanced-democracy/
Genesis Sells Grayscale Shares, Buys $2.17 Billion in Bitcoin for Customer Reimbursement
Following Genesis Global Capital’s receipt of authorization to divest its Grayscale fund holdings, reports disclose that Genesis executed the sale last week. The proceeds were then used to procure 32,041 bitcoin, aimed at reimbursing its clientele. Genesis Liquidates Grayscale GBTC Holdings According to Bloomberg Law, court filings dated April 2 reveal that Genesis liquidated approximately […] Source: https://news.bitcoin.com/genesis-sells-grayscale-shares-buys-2-17-billion-in-bitcoin-for-customer-reimbursement/
Miners Offload Bitcoin in Anticipation of Reward Halving, Says Cryptoquant
Data from Cryptoquant indicates that bitcoin miners have been offloading their assets in anticipation of the upcoming Bitcoin network halving, slated to take place in two weeks. Cryptoquant highlighted a peak in daily sales to over-the-counter (OTC) trading desks, a figure unmatched since the summer of 2023. Record Sales to OTC Desks Mark Bitcoin Miners’ […] Source: https://news.bitcoin.com/miners-offload-bitcoin-in-anticipation-of-reward-halving-says-cryptoquant/
Avenged Sevenfold’s Season Pass is Turning Heavy Metal Fans Into Blockchain ‘Evangelists’
Heavy metal band Avenged Sevenfold have long been Web3 enthusiasts, launching their own line of Deathbats NFTs and building out token-gated ticket sales with Ticketmaster. Now, in what the band’s calling the “culmination” of its Web3 efforts, it’s launched Season Pass, a decentralized fan rewards platform that lets Avenged Sevenfold followers collect rewards for participating in activities linked to the…
US Bitcoin ETFs Bounce Back With $569.4M in Net Inflows After Initial Dip
Spot bitcoin exchange-traded funds (ETFs) concluded the week on an upbeat note, securing $203 million in positive inflows on Friday, as per the latest data. Despite an initial setback of $84.7 million in net outflows on April 1, the ETFs have since rebounded, gathering $569.4 million in net inflows. Bitcoin ETFs Overcome Early April Setback […] Source: https://news.bitcoin.com/us-bitcoin-etfs-bounce-back-with-569-4m-in-net-inflows-after-initial-dip/
NFT Sales Slide Continues Amid Record Crypto Volumes, Marking Fourth Week of Decline
Over the past week, sales volume for non-fungible tokens (NFTs) experienced another week-on-week decrease, marking a 13.72% reduction. This downturn marks the fourth consecutive week of declining NFT sales, a stark contrast to the record-breaking achievements witnessed throughout other sectors in March. During this period, the splendor of trading volumes did not extend to digital […] Source: https://news.bitcoin.com/nft-sales-slide-continues-amid-record-crypto-volumes-marking-fourth-week-of-decline/
Federal Watchdog Takes Aim at Crypto Gaming
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports The U.S. Consumer Financial Protection Bureau (CFPB) is keeping an eye on online gaming, and specifically financial transactions taking place on game platforms, the government watchdog…
Bitcoin’s Path to Halving — Anticipated Increase in Difficulty Sets Stage
Based on current metrics, the Bitcoin blockchain is set to undergo another difficulty adjustment before the halving, with an anticipated increase of 1.2% to 2.16% around April 11, 2024. Following this adjustment, there will be 1,344 blocks remaining until the reward is halved. Estimated Increase in Difficulty Precedes Halving In April, bitcoin (BTC) miners face […] Source: https://news.bitcoin.com/bitcoins-path-to-halving-anticipated-increase-in-difficulty-sets-stage/