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Elon Musk Still Owns ‘a Bunch of Dogecoin’ — Spacex Owns ‘a Bunch of Bitcoin’

Tesla CEO and Spacex chief Elon Musk has revealed that he still owns “a bunch of dogecoin,” affirming his commitment to keep buying and supporting the meme cryptocurrency. Musk additionally revealed that his company Spacex still owns “a bunch of bitcoin.” Elon Musk, Tesla, and Spacex Maintain Crypto Holdings Tesla CEO Elon Musk has revealed that he still owns a bunch of meme cryptocurrency dogecoin (DOGE) and his spacecraft manufacturing company, Spacex, still owns a bunch of bitcoin ( BTC ). In a discussion on X Space last week, the billionaire said: I still own a bunch of dogecoin, and Spacex owns a bunch of bitcoin. Known in the dogecoin community as the Dogefather, the Tesla CEO has long been a supporter of the meme crypto. He previously revealed that he personally owns DOGE alongside BTC and ETH . In June 2022, Musk said that he will keep buying and supporting dogecoin. Tesla and Spacex currently accept dogecoin for some merchandise and Musk’s Boring Company also acc...

Skybridge Founder Expects Bitcoin to Surpass $170,000 Next Year

Skybridge Capital founder Anthony Scaramucci expects bitcoin’s price to surge past $170,000 next year if the price of the cryptocurrency remains at the current level until the halving in April. He expects Bitcoin halving, as well as surging institutional demand for newly listed spot bitcoin exchange-traded funds (ETFs), to boost the price of the crypto. Scaramucci Shares $170K Bitcoin Price Prediction Skybridge Capital founder Anthony Scaramucci shared his bitcoin price prediction in an interview at the Reuters Global Markets Forum on Monday. He based his price outlook on the demand for newly approved spot bitcoin exchange-traded funds (ETFs) and the upcoming Bitcoin halving. Scaramucci said: If bitcoin’s at $45,000 on the halving, where it roughly is right now, it’ll be $170,000 by mid- to late 2025. “Wherever the price is on the day of the halving in April, multiply it by four, and it’ll reach that price in the next 18 months,” the Skybridge Capital founder added. In December...

Circle CEO Jeremy Allaire: ‘Stablecoins Are Set to Change the Financial System Forever’

Jeremy Allaire, CEO of Circle, a stablecoin company, has declared that blockchain systems are the new infrastructure layer of the internet and that stablecoins are at its core, providing value that is “nearly instant, nearly free and global in scale.” Allaire believes this tech is reaching a level where millions can use it without having to understand its complexity. Circle’s Jeremy Allaire: Stablecoins Are the ‘Critical Element’ for a New Internet Financial System Jeremy Allaire, the CEO of Circle, the issuer of the second largest stablecoin of the cryptocurrency market, believes that stablecoins will become the pivot of a new blockchain-based economic system. In an article written as part of the World Economic Forum meetings at Davos, where Circle is participating , Allaire laid his beliefs about the future of blockchain networks and the significance of stablecoins for this surging economy. Circle’s CEO remarked that this year, the interest in blockchain networks has peaked, wit...

Bitcoin Hits Peak Interest on Google Trends Following SEC’s ETF Approvals

In the week spanning Jan. 7th to the 13th, 2024, Google Trends revealed a peak interest score of 100 for the search term bitcoin. A closer examination of Google Trends over the past three months highlights that this interest surged to its apex on Jan. 11. This was the day after the U.S. Securities and Exchange Commission (SEC) sanctioned 11 spot bitcoin exchange-traded funds (ETFs). Following the buzz around the ETF approvals, attention is now shifting towards Bitcoin’s upcoming reward halving. 2024 Sees Bitcoin Reach New Heights in Online Searches Post-ETF Approval Over the previous year, dating back to the week of Jan. 15th to 21st, 2023, the search term “bitcoin” garnered a rating of 55 out of a possible 100, as shown by Google Trends. Google’s service assigns a score from 1 to 100, reflecting the search interest for a given term in a specific time and location. The scoring is relative to the proportion of searches for a term like “bitcoin” against the total search volume during ...

Apple and Google Remove Several Major Crypto Exchanges From App Stores in India Following Regulatory Crackdown

Apple and Google have removed several major crypto exchanges from their app stores in India after the Indian Financial Intelligence Unit flagged nine crypto service providers as operating illegally in the country. Various telecom networks and internet service providers in India are also blocking the websites of affected crypto exchanges. India Continues Crackdown on Uncompliant Crypto Platforms Tech giants Google and Apple have taken action against several major crypto exchange apps in India following the crackdown on offshore crypto exchanges by Financial Intelligence Unit India (FIU IND). On Saturday, Google removed major crypto exchanges like Binance and Kraken from Google Play Store in India while Apple pulled crypto exchange apps from its App Store a few days earlier. In addition, various telecom networks and internet service providers in India have also started blocking the websites of affected crypto exchanges. In December last year, India’s Financial Intelligence Unit issu...

SEC Chair Gary Gensler Sees Irony in Spot Bitcoin ETF Approval — ‘This Was About Centralization’

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler sees irony in the approval of spot bitcoin exchange-traded funds (ETFs). “This was about centralization and traditional means of finance,” said Gensler, warning: “Investors should be aware that this underlying asset is a highly speculative, volatile asset, and amongst its use cases is really for illicit activity, money laundering, sanctions, ransomware, and the like.” SEC Chair on Spot Bitcoin ETF Approval and Centralization The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, discussed the irony of spot bitcoin exchange-traded funds (ETFs) in an interview with CNBC Friday. The securities regulator approved 11 spot bitcoin ETFs last week. “There’s an irony in the midst of that. Satoshi Nakamoto [bitcoin’s pseudonymous creator] said this was going to be a decentralized system,” Gensler said, noting that the approval of spot bitcoin ETFs “has led to centralization.” The SEC chief stressed: ...

IMF Chief Sees Crypto as Asset Class — Says Bitcoin Won’t Dethrone US Dollar as Dominant Currency

International Monetary Fund (IMF) chief Kristalina Georgieva sees crypto as an asset class, not money. She dismissed concerns of bitcoin potentially displacing the U.S. dollar as the world’s dominant currency, citing the size of the U.S. economy and the depth and sophistication of its capital markets as key factors. IMF Chief on Crypto and US Dollar Dominance The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, dismissed crypto as money and explained why she didn’t see bitcoin as a threat to the U.S. dollar’s dominance in an interview with Yahoo Finance Live last week. Georgieva said: Our view is that we have to differentiate between money and assets. When we talk about crypto, we are actually talking about an asset class. “It could be backed up and in that sense, more secure and less risky, or it could be not backed up and therefore a riskier investment. But it is not exactly money. It’s more like a money management fund,” she described. Last w...

Circle Completes USDC Upgrade to Version 2.2

Circle, the stablecoin company, has completed the upgrade of its USDC stablecoin to the 2.2 version. The update brings a slew of changes, including gas efficiency improvements, support for account abstraction and smart contract wallets, and enhancements in the resiliency of the currency when dealing with forks. Circle Finishes Rollout of USDC 2.2 Improvements Circle is improving its USDC stablecoin to include new functions and improve its functionality. The company recently completed the upgrade of USDC to the 2.2 version, bringing a slew of changes destined to improve performance, and adding new features to the stablecoin. Most of these changes diminish transaction costs to perform specific functions. For example, the upgrade enhances the performance of the blocklist check function, which allows Circle to identify which wallets can transact and which can’t, according to Circle’s Access Denial policy. Circle estimates that this brings savings all across commonly used USDC operat...

Kevin O’Leary Says He’ll Never Buy Bitcoin ETF — Prefers to Hold BTC Long Term

Kevin O’Leary, aka Mr. Wonderful, says he will never buy a spot bitcoin exchange-traded fund (ETF) as he is holding bitcoin for the long term as digital gold. “Why would I pay these fees?” he said, adding that spot bitcoin ETFs “add no value” and are “completely unnecessary.” However, the Shark Tank star explained that the U.S. Securities and Exchange Commission (SEC) approving spot bitcoin ETFs is great news for institutional investors looking to get into crypto. Kevin O’Leary Won’t Invest in Spot Bitcoin ETFs Shark Tank investor Kevin O’Leary, aka Mr. Wonderful, gave some advice regarding spot bitcoin exchange-traded funds (ETFs) in an interview with Fox Business last week. The chairman of O’shares Investments and O’Leary Ventures was asked how investors should decide whether to invest in a spot bitcoin ETF and how to choose among the 11 funds that were approved by the U.S. Securities and Exchange Commission (SEC) last week. “Well, they are almost identical even though each of t...

Robert Kiyosaki Raises Alarm on Ballooning National Debt — Urges Investors to Buy Bitcoin

Rich Dad Poor Dad author Robert Kiyosaki has expressed concerns about the rapid rise in the U.S. national debt, which ballooned by a trillion dollars over a short period. The famous author then urged investors to buy bitcoin alongside gold and silver. Kiyosaki recently doubled down on his own advice and increased his personal bitcoin holdings. Other critics of the U.S. government’s fiscal policies have also raised the alarm about the increasing national debt, citing its potential to weaken both the U.S. economy and the U.S. dollar. Robert Kiyosaki Concerned About National Debt The author of Rich Dad Poor Dad, Robert Kiyosaki, has again urged people to buy bitcoin, reiterating his bullish stance on the cryptocurrency and highlighting his ongoing concerns about the U.S. economy and the dollar. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have b...

Gamestop’s Cryptocurrency Adventure Pauses: NFT Marketplace Closure Looms

In an announcement prominently displayed on the Gamestop non-fungible token (NFT) marketplace, the company has revealed its intention to shut down the platform on Feb. 2, 2024. This decision means that users of the Gamstop NFT market will lose the ability to “buy, sell, or create NFTs.” Gamestop’s Crypto Journey Halts The Gamestop company (NYSE: GME ) is in the process of phasing out its NFT marketplace, as indicated by the notification affixed to the website’s header. This development comes after Gamestop’s August 2023 announcement that it would abandon the Gamestop wallet project due to “regulatory uncertainty” within the cryptocurrency domain. The official discontinuation of this service took place in November 2023. The company cited the very same rationale for closing its NFT marketplace, citing the “continuing regulatory uncertainty of the crypto space.” Furthermore, the company states, “Effective as of February 2, 2024, customers will no longer be able to buy, sell or create...

Altcoin Season Index Signals Arrival — Top Tokens Eclipse Bitcoin’s Market Performance

According to the Altcoin Season Index from blockchaincenter.net, an indicator signaling the arrival of the so-called ‘altcoin season,’ the time has indeed come for altcoins. This metric essentially demonstrates that 75% of the leading 50 altcoins have outperformed bitcoin in the past 90 days. Altcoins Ascend as Index Points to Season’s Entry In early December 2023, a multitude of cryptocurrency enthusiasts eagerly anticipated the possible onset of altcoin season. Reporting on this trending topic at the time, Bitcoin.com News referred to blockchaincenter.net’s Altcoin Season Index, which rated a 47 out of 100. This indicated that as of Dec. 9, 2023, it wasn’t yet altcoin season, at least based on the index’s assessment . Today, however, the narrative painted by the measurement is entirely different. A preserved snapshot from blockchaincenter.net’s index on Jan. 14, 2024, clearly declares “it’s altcoin season.” The index is positioned at 76 out of 100, with any score above 75 sig...

Blackrock CEO Larry Fink on Bitcoin: I’m a Big Believer — Its Bigger Than Any Government

Larry Fink, the CEO of Blackrock, the world’s largest asset manager, says he has become “a big believer” in bitcoin, emphasizing that it is “bigger than any government.” Calling the cryptocurrency “digital gold,” the executive stressed: “Unlike gold, where we manufacture new gold, we’re almost at the ceiling of the most of the amount of bitcoin that could be created.” Blackrock’s chief also sees value in having Ethereum exchange-traded funds (ETFs). Blackrock CEO Larry Fink Is a ‘Big Believer’ in Bitcoin Larry Fink, the CEO of Blackrock, the world’s largest asset manager, shared his outlook on bitcoin, crypto, and the spot bitcoin exchange-traded fund (ETF) market, in an interview with CNBC and Fox Business Friday. Blackrock’s spot bitcoin ETF, the Ishares Bitcoin Trust (IBIT), was among the 11 spot bitcoin ETFs approved by the U.S. Securities and Exchange Commission (SEC) on Wednesday. Describing bitcoin, Fink shared with Fox Business: “If you’re in a country where you’re fearful...

US Lawmaker Expects Donald Trump to Become ‘a Lot More’ Crypto Friendly in Second Term as President

U.S. Representative Tom Emmer expects former U.S. President Donald Trump to become “a lot more” friendly toward cryptocurrency if he returns to the White House. Trump has launched three non-fungible token (NFT) collections since leaving office. Meanwhile, some analysts predict that bitcoin’s price could reach record highs if Trump wins the presidential election this year. Donald Trump Expected to Become Much More Crypto-Friendly House Majority Whip Tom Emmer (R-MN) believes that former U.S. President Donald Trump’s potential return to the White House could usher in a regulatory landscape more favorable to the crypto industry. Emmer, who endorsed Trump in the 2024 Republican presidential primary, is a vocal crypto supporter. The congressman was quoted as saying: If the second Trump administration takes place, [the] president will be a lot more friendly to the crypto industry. Trump was no fan of bitcoin or other cryptocurrencies while he was president. “I am not a fan of bitcoin...

Blackrock’s Spot Bitcoin ETF Now Holds 11,439 BTC

Blackrock’s spot bitcoin exchange-traded fund (ETF) has acquired 11,439 bitcoin, with a market value of nearly $500 million, within two days of trading on the Nasdaq stock exchange. Blackrock’s Ishares Bitcoin Trust was among the 11 spot bitcoin ETFs approved by the U.S. Securities and Exchange Commission (SEC) this week. Ishares Bitcoin Trust’s BTC Holdings Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), now holds 11,439 bitcoin. According to Ishares ETFs’ website, IBIT’s holdings comprised 11,439.2198 bitcoin with a market value of $497,994,992.41 as of Jan. 12. The largest cryptocurrency now represents 99.99% of the trust holdings. Blackrock explained: “The value shown for ‘shares’ represents [the] total number of bitcoins held by the Ishares Bitcoin Trust.” Crypto enthusiast known as Martyparty pointed out on social media platform X Saturday that on Jan. 11, Ishares Bitcoin Trust held roughly 50% bitcoin and 50% cash (U.S. dollars), whi...

Terra’s Do Kwon Seeks Trial Delay, Citing Extradition Holdup

Terraform Labs co-founder Do Kwon has requested that the judge in his fraud case delay the trial date, currently set for Jan. 29, 2024, because Kwon is still tied up in extradition proceedings in Montenegro. Terra’s Do Kwon Requests Trial Postponement Due to Extradition Issues In a letter to U.S. District Judge Jed Rakoff dated Jan. 11, Kwon’s lawyers said they had hoped he would be extradited in time for the trial but that now appears unlikely until February or March. The letter was first shared by Inner City Press reporter Matthew Russell Lee. Kwon and his legal team said in the letter that he wishes to attend the trial in person but needs more time for the extradition process to play out. “Unfortunately, it now appears that Mr. Kwon is not likely to be extradited until February or March at the earliest. We understand the court cannot put the trial on hold indefinitely, but an adjournment until mid-March would provide a realistic possibility for Mr. Kwon to attend,” the letter ...

Grayscale’s 4,000 Bitcoin Transfer Worth $175M Stirs Market Speculation Amid Record ETF Trading Volume

Recent blockchain analytics reveal that 4,000 bitcoins, valued at approximately $175 million, have been transferred from addresses believed to be controlled by Grayscale’s Bitcoin Trust, commonly referred to as GBTC. Records indicate that these transfers occurred in four separate batches of 1,000 bitcoins each, directed towards Coinbase. Arkham Data Shows Flagged Grayscale Wallets Sent 4,000 Bitcoin to Coinbase The financial world is currently abuzz, especially following the debut of the new spot bitcoin exchange-traded fund (ETF), which saw a staggering $4.6 billion in trading volume on its first day. Concurrently, bitcoin’s value has experienced a 5.5% decline relative to the U.S. dollar. Amidst these market movements, it was observed on Friday that Grayscale’s reserves diminished by 4,000 BTC , equivalent to $175 million based on the prevailing exchange rates. While there is no absolute confirmation of the specific addresses Grayscale uses for its BTC holdings, Arkham Intelli...

Ark Invest Now Sees Higher Probability of Bitcoin Soaring to $1.5 Million, CEO Says

Ark Invest CEO Cathie Wood has doubled down on her bullish bitcoin forecasts, now seeing a higher probability of the price of bitcoin soaring to $1.5 million per coin. She emphasized that the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) has raised the probability of her bull case prediction. Ark Invest Sees Increased Probability of Bitcoin Reaching $1.5 Million Cathie Wood, the CEO of Ark Investment Management (Ark Invest), doubled down on her bitcoin price predictions on Thursday following the approval of 11 spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Referencing Ark’s Big Ideas 2023 , the asset management firm’s yearly report highlighting “the technological breakthroughs evolving today and creating the potential for super-exponential growth tomorrow,” Wood explained: “Our base case is in the $600,000 range” for the price of bitcoin. Ark’s “bull case” prediction sees ...

Senator Elizabeth Warren Says SEC Is Wrong for Approving Spot Bitcoin ETFs

U.S. Senator Elizabeth Warren has slammed the U.S. Securities and Exchange Commission (SEC) for approving spot bitcoin exchange-traded funds (ETFs). She stressed that the securities regulator is “wrong on the law and wrong on the policy with respect to the bitcoin ETF decision.” Senator Elizabeth Warren Unhappy With SEC’s Spot Bitcoin ETF Approvals The U.S. Securities and Exchange Commission (SEC)’s recent approval of 11 spot bitcoin exchange-traded funds (ETFs) drew immediate criticism from U.S. Senator Elizabeth Warren (D-MA), who has long been a vocal skeptic of bitcoin and other cryptocurrencies. The senator wrote on social media platform X Thursday: The SEC is wrong on the law and wrong on the policy with respect to the bitcoin ETF decision. “If the SEC is going to let crypto burrow even deeper into our financial system, then it’s more urgent than ever that crypto follow basic anti-money laundering rules,” she stressed. Several “community notes” were placed on Warren’s twe...

Ethereum’s Vitalik Buterin Proposes Gas Limit Increase

Amidst escalating transaction fees, Ethereum’s Vitalik Buterin has suggested a substantial gas limit increase, potentially boosting network capacity and reducing user expenses. Ethereum’s Vitalik Buterin Advocates for Higher Gas Limit to Improve Network Capacity Ethereum ecosystem co-founder Vitalik Buterin has proposed an increase in the network’s gas limit. This adjustment, aimed at augmenting network capacity, could potentially lower costs for users and enhance transaction efficiency. Ethereum’s gas limit is the ceiling for the total amount of gas allowed in a single block. Gas, a fee necessary for conducting transactions or executing contracts on the Ethereum blockchain, ensures the network’s operational fluidity. Presently, the gas limit stands at 30 million. During an Ask Me Anything (AMA) session with the Ethereum Foundation’s research team on Reddit, Buterin suggested a “modest” gas limit increase, proposing a raise to approximately 40 million. This adjustment represents ...

Fundstrat Says Bitcoin Is Headed for $150K — Predicts BTC Could Hit $500K in 5 Years

Financial research firm Fundstrat’s head of research has predicted that the price of bitcoin is headed for $150K and could hit $500K in five years. Emphasizing the cryptocurrency’s finite supply and “a potentially huge increase in demand with a spot bitcoin approval,” the analyst stressed that it is “definitely achievable” that bitcoin could reach half a million dollars in five years. Bitcoin Expected to Hit $150K Short-Term, $500K Possible Long-Term The head of research at Fundstrat, an independent financial research boutique, Tom Lee, shared his view on the bitcoin price outlook in an interview with CNBC on Wednesday. Replying to a question about what the price of bitcoin will be in one year and five years, he said: I think in the next 12 months, something over $100,000 … maybe over $150,000. Lee expressed the significance of the U.S. Securities and Exchange Commission (SEC)’s approval of 11 spot bitcoin exchange-traded funds (ETFs) on Wednesday. The funds started trading o...
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