Bitcoin Will Hit $1 Million by 2030, Claims Ark Invest CEO Cathie Wood – Coinpedia Fintech News
Cathie Wood believes Bitcoin will hit $1 million by the end of the decade. She thinks Bitcoin should be adopted by countries plagued with inflation as an insurance policy due to its resilient network. Cathie Wood, the visionary CEO of ARK Invest and a prominent advocate of Bitcoin, has re-affirmed her prediction that the price of BTC will reach $1 […]
Read moreRay Dalio says Bitcoin is not the answer, the community responds
While billionaire Ray Dalio believes that fiat is in jeopardy, he also thinks that neither Bitcoin (BTC) nor stablecoins are the answer. In response, crypto community members took to Twitter to express their opinion on the topic. In a recent interview on CNBC’s Squawk, Dalio shared his takes on Bitcoin being a potential solution to the problems with fiat currency. […]
Read moreNifty News: Bitcoin NFTs cause spicy fees, Mastercard exec tokenizes resignation letter and more
Bitcoin Ordinals causes fees to spike The Bitcoin (BTC)-native Ordinals protocol is taking up record-breaking space on the blockchain and in the process is hiking the transaction fees on the network. The divisive newly launched protocol allows for nonfungible token (NFT)-esque assets on the Bitcoin mainnet by inscribing satoshis with content. So far, inscriptions have included content such as images, […]
Read moreMicroStrategy says no plans to stop trading BTC as paper loss hits $1.3B
Software analytics company MicroStrategy recorded a paper loss of over a billion dollars on its Bitcoin (BTC) holdings in 2022 but says it has no plans to stop trading the digital asset. MicroStrategy released its 2022 Q4 and year-end earnings on Feb. 2 showing the recorded impairment charges on its BTC holdings, net of gains on sale, was nearly $1.3 […]
Read moreCrypto-related enforcement actions by US states rose sharply in 2022: Report
The number of crypto-related enforcement actions in the United States grew notably in 2022, according to a survey released by blockchain risk monitoring firm Solidus Labs. Both federal and state regulators broke records for enforcement actions. There were 58 actions carried out by the four main U.S. federal agencies engaged in crypto enforcement in 2022. That number surpassed the previous […]
Read moreTether CTO Paolo Ardoino on taking the bull by the horn
Stablecoins have been under much scrutiny since the implosion of the third-largest stablecoin by market cap, TerraUSD (UST), in May 2022. The UST saga led to a lot of skepticism that caused consumers to question the safety of stablecoins. In the seventh episode of Hashing It Out, Cointelegraph’s Elisha Owusu Akyaw (GhCryptoGuy) interviews Paolo Ardoino, Tether’s chief technology officer, about […]
Read moreSEC Under Scrutiny: Congress To Review Regulatory Overreach – Coinpedia Fintech News
For several months, the SEC has been under fire for its actions. It was unsuccessful in preventing the FTX from collapsing and saving investors millions of dollars. It has a long-running lawsuit against Ripple and a recently concluded lawsuit against LBRY. U.S. Securities Exchange Commission (SEC) Chairman Gary Gensler has been criticized by Minnesota Senator Tom Emmer for his flawed […]
Read moreBitcoin Is About To Break Out And Challenge $24000
Bitcoin (BTC) is on the verge of breaking through the $24,000 level. Bitcoin price long-term forecast: bullish The digital currency asset has broken above resistance but was rejected at a high of $24,358. The BTC price surpassed the recent high for the first time, but buyers were unable to sustain the upward momentum. Today, the BTC price resumed its uptrend […]
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