Economist and gold advocate Peter Schiff warns of a continued bitcoin decline, stating that “this bear market is a long way from over.” He predicts significant price falls for both bitcoin and ethereum, suggesting a potential crash if critical support levels fail. “It’s a long way down,” he said. Regarding ether, Schiff predicted: “I think […] Source: https://news.bitcoin.com/peter-schiff-bitcoin-bear-market-has-much-further-to-go-ether-to-crash-to-1500/
Rich Dad Poor Dad author Robert Kiyosaki predicts an imminent economic crash followed by a significant bull market where bitcoin could easily reach $10 million per coin, gold could reach $15,000 an ounce, and silver possibly $110 an ounce. Kiyosaki suggests this cycle is inevitable due to declining trust in fiat currencies and historical precedents. […] Source: https://news.bitcoin.com/robert-kiyosaki-predicts-10-million-bitcoin-and-15000-gold-after-major-market-crash/
Fundstrat’s head of research, Thomas Lee, has doubled down on his bitcoin price prediction of $150K by year-end, post Mt. Gox distribution. He expects “a pretty sharp rebound” for bitcoin in the second half of this year, citing the resolution of the Mt. Gox overhang, potential easing of Federal Reserve policies, and the impact of […] Source: https://news.bitcoin.com/fundstrats-tom-lee-predicts-pretty-sharp-rebound-for-bitcoin-expects-to-see-150k-btc-this-year/
Over the weekend, a prominent personality in the bitcoin and blockchain sector, Bruce Fenton, addressed Jack Dorsey, CEO of Block, Inc., through a post on the social media platform X. Fenton asserts that Dorsey owes an explanation, as Twitter’s senior leadership has faced accusations of orchestrating one of the most significant acts of censorship in […] Source: https://news.bitcoin.com/bitcoin-proponent-bruce-fenton-calls-out-jack-dorsey-over-censorship-allegations-during-twitter-tenure/
Roaring Kitty fraud lawsuit voluntarily dropped, Ethereum Foundation email server hacked, and Circle becomes first MiCA-compliant stablecoin issuer. Source: https://cointelegraph.com/magazine/roaring-kitty-fraud-suit-dropped-ethereum-foundation-hacked-and-more-hodlers-digest-june-30-july-6/
As of now, the price of bitcoin has decreased by 23.4% from its peak of $73,737, reached on March 14, 2024, about four months ago. Metrics indicate that this is the longest period in bitcoin’s history without a 25% decline during a bull market. In contrast, both the 2017 and 2021 bull markets experienced several […] Source: https://news.bitcoin.com/past-vs-present-examining-bitcoins-history-of-bull-market-corrections/
Amitt Mahajan—founder and CEO of Proof of Play, the developer of crypto game Pirate Nation—predicts that eventually there will be thousands of dedicated blockchains that each support individual applications. This comes after his experience building the viral Facebook game Farmville. During his time developing the casual farming simulator, Zynga operated approximately 64 databases simply to prevent the game from crashing.…
Over the past week, non-fungible token (NFT) sales have increased despite the significant decline in the broader crypto market. Approximately $109 million in NFT sales were recorded, marking an 8.1% rise from the previous week. NFT Transactions Surge 45.57% as Weekly Sales Hit $109M NFT sales rebounded in the past seven days, climbing 8.1% to […] Source: https://news.bitcoin.com/nft-sales-rise-8-higher-amid-broader-crypto-market-downturn/
The drop in mining difficulty should spell relief for the largest mining firms. Source: https://cointelegraph.com/news/bitcoin-mining-difficulty-hits-lowest-level-march-price-tops-57-k
UBS is witnessing a transformative shift in client interactions driven by artificial intelligence, according to Sabine Keller-Busse, the head of the Swiss bank’s domestic business. Keller-Busse compared the change to how patients now approach doctors with self-diagnosed conditions. UBS Sees AI Revolutionizing Financial Interactions Artificial intelligence (AI) is reshaping the banking industry, with clients increasingly […] Source: https://news.bitcoin.com/ubs-executive-highlights-ais-impact-on-banking/
