Month: April 2024

According to veteran pro trader Peter Brandt, bitcoin may have peaked when it achieved a new all-time high of $73,835. However, there is a possibility that it could now decline to the mid-$30s or even lower, Brandt said. Interestingly, Brandt suggests that such a decline could be the “most bullish thing” from a long-term perspective. […] Source: https://news.bitcoin.com/veteran-trader-peter-brandt-suggests-btc-may-have-topped-predicts-a-decline-to-mid-30k/

Since the Department of Justice (DOJ) filed its legal opposition to the pretrial motions of Tornado Cash developers Roman Storm and Roman Semenov, there has been a buzz within the cryptocurrency community regarding specific aspects of the court filing. A key point raised by the prosecutors is their belief that the definition of “money transmitting” […] Source: https://news.bitcoin.com/does-money-transmitting-require-control-doj-says-no-in-tornado-cash-litigation/

Johann Steynberg, the mastermind behind a South African bitcoin Ponzi scheme, recently died of a heart attack while under house arrest on a farm in Brazil. According to his Brazilian wife, Steynberg left no will and had no assets that could be inventoried. South African Police Investigate Steynberg’s Reported Death Johann Steynberg, a South African […] Source: https://news.bitcoin.com/south-african-btc-ponzi-scheme-mastermind-succumbs-to-heart-attack-while-detained-in-brazil/

Japan’s Prime Minister Fumio Kishida and the ruling Liberal Democratic Party are advocating Web3 development amid a major corruption scandal that threatens their political stability. With leadership elections approaching in September and declining party support, the future of Japan’s Web3 policy and initiatives, including a substantial number of active projects, remains uncertain. Despite global challenges […] Source: https://news.bitcoin.com/japans-web3-ambitions-hang-in-balance-as-political-scandal-rocks-kishidas-leadership/

Chris Pacia, the former lead developer of the now-defunct decentralized marketplace Openbazaar, has criticized the process that led to the proposal of Bitcoin’s lightning network (LN) as a scaling solution. Pacia stated that technical experts lied to the mainstream audience in the blocksize war’s framework, knowing that LN would work “like dog sh*t.” Former Openbazaar […] Source: https://news.bitcoin.com/former-openbazaar-dev-chris-pacia-blasts-lightning-network-experts-knew-it-would-work-like-dog-sht/