Forget Bitcoin Uncertainty, What About Ethereum?
Mt. Gox Repayments Trigger Bitcoin Slip – Buy Now?
26 June 2024. 10:14 PM
There's been a lot of chatter about Bitcoin's price movements recently, but now it's time to put the spotlight on Ethereum.
Mt. Gox is set to return 140,000 BTC to hack victims as soon as July, causing Bitcoin's price to drop below $60K. But is this a selling or buying opportunity? This event has captured the crypto community’s attention, stirring debate on whether it's the right moment to invest or exit.
Are Cryptos & CBDCs Integral to a New Financial World Order?
As the US Dollar becomes increasingly unfavourable among trading partners, do CBDCs (Central Bank Digital Currencies) offer a more accessible trading alternative? This question is looming larger as countries explore ways to enhance their financial systems using crypto and digital currencies.
Top Crypto Stories This Week: From a "White Hat" Saga to Ethereum Surviving the SEC
The cryptocurrency world has been abuzz with significant events this week:
Bernstein analysts predict that Bitcoin will reach $200,000 by 2025, up from their previous forecast of $150,000. They believe spot Bitcoin ETFs will play a considerable role, accounting for a significant chunk (7%) of the market.
CertiK, a security firm, faces serious allegations after exploiting a vulnerability in Kraken, a major cryptocurrency exchange. Instead of following responsible procedures, CertiK allegedly demanded a ransom, triggering debates on ethical hacking.
Hong Kong Parliament Establishes Subcommittee for Crypto Legislation
Hong Kong’s new subcommittee will focus on drafting regulations and the development of Web3 and virtual assets. This move is significant for Hong Kong as it positions itself as a hub for crypto innovation and legal clarity.
Singapore MP Tin Pei Ling Ventures Into Digital Assets
The former Grab director and CEO of Business China, Tin Pei Ling, is taking on a new role in the tech firm MetaComp MVGX. Her venture into digital assets symbolizes the growing interest and potential in the crypto space among notable leaders.
VanEck’s 8-A Filing Suggests ETH ETF Launch is Imminent, But Gensler Says No
VanEck has filed their 8-A form for their Bitcoin ETF mere weeks before the launch. Now, they've done the same for their Ethereum ETF, signaling a potential launch soon. SEC chair Gary Gensler, however, expresses skepticism, indicating regulatory hurdles still loom large.
Solana Foundation Unveils Tools to Simplify Crypto Transactions
Solana's new tools aim to make crypto transactions easier than ever. This development could be a game-changer for Solana in the competitive Layer 1 race, offering users simplified and more efficient transactions.
With all these activities, it’s clear that the world of cryptocurrencies is far from static. As technologies and regulations evolve, so too does the landscape of digital finance, offering new opportunities and challenges for investors and crypto enthusiasts alike.
Stay tuned for more updates!
