Bitcoin News and Finance: What You Need to Know

United States Deputy Secretary of the Treasury Wally Adeyemo says the Biden administration is seeking more tools to combat the illicit use of crypto. “We’re going to work with Congress to get more tools,” he stressed, advising the crypto industry to “make sure that you’re protecting yourselves from being in a position where people are using your assets to further their either heinous acts, like what Hamas did, or digital criminals.” Treasury Working With Congress to Get More Tools United States Deputy Secretary of the Treasury Wally Adeyemo said Tuesday at the annual meeting of the Securities Industry and Financial Markets Association that the Biden administration is seeking new tools from Congress to strengthen efforts against the illicit use of cryptocurrencies, the Wall Street Journal reported. He also mentioned that the Treasury has been in discussions with both Democrats and Republicans regarding potential actions they could pursue. Citing the Oct. 7 attack on Israel, Adeyemo

Microstrategy Chairman Michael Saylor expects the demand for bitcoin to double after the halving and the approvals of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The Microstrategy executive says the next 12 months will be “pretty auspicious for the asset class.” He also highlighted three key factors that he expects to drive the price of bitcoin to $5 million a coin. Bitcoin Demand to Double, Says Saylor Microstrategy (Nasdaq: MSTR) Chairman Michael Saylor discussed the future outlook for bitcoin in an interview with Fox Business on Monday. The pro-bitcoin executive was asked about the factors that will drive up the price of bitcoin. Saylor explained that the supply and demand for BTC “are in balance right now.” However, he emphasized that there are two events that will boost the price of the cryptocurrency: the halving in April next year when the bitcoin supply gets cut in half and the impending approvals of spot bitcoin exchange

Critics are currently roasting economist Nouriel Roubini, whose disdain for cryptocurrency is well-documented, as his company Atlas Capital announces its venture into the very market he once scorned. The firm is rolling out a crypto asset token crafted to combat the “negative effects of climate change,” marking a significant shift from Roubini’s previous stance when he labeled crypto enthusiasts as “corrupt, crooks, criminals, conmen, [and] carnival barkers.” Economist Nouriel Roubini’s Firm Reveals Climate-Focused Crypto Token Dubbed ‘Dr. Doom’ for his stark skepticism, Nouriel Roubini has maintained a consistent stance against crypto assets. In a notable mid-October 2019 clash, Roubini squared off with the well known entrepreneur and crypto evangelist Roger Ver , declaring “bitcoin or any other sh** coin” a non-starter for legitimate financial transactions. During that exchange, Ver challenged Roubini’s hesitance to embrace crypto assets asking “Why are you afraid to try it?” F

On Wednesday, November 8, 2023, the Bitcoin blockchain saw its non-fungible token (NFT) asset sales surpass those on the Ethereum platform, marking a historic shift during a single-day span. According to the analytics provided by cryptoslam.io, Bitcoin-based NFT transactions amounted to $17.17 million, eclipsing the $15.77 million in Ethereum NFT sales recorded during the 24-hour period. Bitcoin’s NFT Sales Eclipse Ethereum in Single-Day Surge The trend for Bitcoin NFT transactions has seen an upward trajectory lately, and just three days ago, Bitcoin.com News highlighted that Bitcoin had secured the runner-up spot for NFT sales across a week. In a significant first, Bitcoin’s Ordinal inscriptions, its unique brand of NFTs, exceeded Ethereum’s sales over a 24-hour time frame on Wednesday. NFT connoisseur Leonidas, the founder of Ord.io, documented this unprecedented event onchain, marking the occasion when Bitcoin-based NFTs leaped ahead of their Ethereum counterparts for the fir