Month: July 2024

Robinhood Markets Inc. is moving forward with its acquisition of Bitstamp Ltd., a global cryptocurrency exchange. As part of this process, Robinhood Crypto LLC has submitted a change of control application to the New York Department of Financial Services (NYDFS), which announced it received the application on July 3, 2024. This is one of several […] Source: https://news.bitcoin.com/robinhood-moves-forward-with-acquisition-of-bitstamp/

UBS sees gold as an attractive geopolitical hedge and portfolio diversifier, rating the metal as most preferred in its investment lessons for the second half of the year report. The bank highlights strong market performance driven by AI investment and recommends diversified portfolios across various assets, regions, and sectors to navigate political and economic uncertainties. […] Source: https://news.bitcoin.com/ubs-rates-gold-as-most-preferred-geopolitical-hedge-and-portfolio-diversifier/

The governor of the U.S. state of North Carolina has vetoed House Bill 690, which seeks to ban state payments using central bank digital currencies (CBDCs) and the state’s participation in the Federal Reserve’s CBDC testing. The governor argued the bill was premature and emphasized the need for more funding for cybersecurity. House Bill 690 […] Source: https://news.bitcoin.com/north-carolina-governor-vetoes-bill-banning-state-use-of-central-bank-digital-currencies/

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/