Venture capitalist Tim Draper has doubled down on his bitcoin price prediction of $250,000 by the end of this year or early next year. However, he explained why he expects the price of the cryptocurrency to soar past his estimate. Tim Draper’s Bitcoin Price Prediction Venture capitalist Tim Draper has doubled down on his $250K bitcoin price prediction. In a…
This is a recording of a recent Twitter Spaces conversation about NFL player, Alex Barrett, taking 100% of his salary in bitcoin. Listen To This Twitter Spaces: Transcript [0:06] Bitwage: Can I get things started here? It’s really cool to have everyone in the audience today. This was a big day for us. This was a big day for Bitcoin.…
Former Securities and Exchange Commission lawyer Alma Angotti says this week’s news about an OpenSea employee being charged with insider trading could open the doors to non-fungible tokens being labeled as securities. On Wednesday, in a first for the industry, prosecutors in Manhattan charged former OpenSea product manager Nathaniel Chastain with insider trading. The U.S. Attorney’s Office for the Southern…
In a May 30 tweet, Ethereum (ETH) core developer Tim Beiko confirmed that the much-anticipated Ropsten testnet trial of the Merge from proof-of-work to proof-of-stake can be expected “around June 8 or so.” Interestingly, Ether’s price action is relatively unchanged despite the unexpected bullish announcement. There was a +10% spike on May 30, but those gains were given back between…
ForUsAll, a 401(k) retirement provider, filed suit against the United States Department of Labor (DOL) and Martin Walsh as Labor secretary in U.S. District Court in Washington, D.C. on Thursday. The company is seeking the withdrawal of a DOL compliance assistance release issued in March, citing the Administrative Procedure Act, which safeguards against arbitrary official encroachment on private rights. The…
In brief Posting a $430M loss in Q1 2022, Coinbase will “take more stringent measures” in hiring. On the same day that rival crypto exchange Gemini confirmed layoffs, Coinbase announced today that it will continue its hiring freeze amid a tumultuous recent market for both cryptocurrency and tech stocks. Furthermore, the firm will rescind some job offers for employees who…
This is an opinion editorial by Aleks Svetski, author of “The UnCommunist Manifesto,” founder of The Bitcoin Times and Host of the “Svetski Wake Up Podcast.” Part 3, Chapter 4 of the JBP series. Tyranny cannot feed on truth, for it is poison to its system of lies. In that sense, Bitcoin is “poison” to the “rat” known as the…
The U.S. Department of Justice (DOJ) has indicted an employee of non-fungible token (NFT) marketplace Opensea in what the department called the “first-ever digital asset insider trading scheme.” DOJ Indicts Former Opensea Product Manager The DOJ announced Wednesday the unsealing of an indictment charging Nathaniel Chastain, a former product manager at Ozone Networks Inc. (aka Opensea), in its “first-ever digital…
Ether’s (ETH) market structure continues to be bearish despite the failed attempt to break the descending channel resistance at $2,000 on May 31. This three-week-long price formation could mean that an eventual retest of the $1,700 support is underway. Ether/USD 4-hour price at Bitstamp. Source: TradingView On the non-crypto side, a number of equities-related factors are translating to negative sentiment…
An NFT collection featuring the art of Johnny Depp has seen its price jump after the actor won a defamation suit against ex-wife Amber Heard yesterday. The 3,850 “Never Fear Truth” NFTs have a floor price of 0.517 ETH (around $944) as of this writing. Before the televised defamation trial, the collection did not see much traction since its launch in…
