U.S. president Donald Trump has started utilizing bitcoin’s blockchain technology to release economic data—an action that could allow markets to establish interest rates directly. This week, “the Commerce Department did something that was pretty exceptional,” stated Chamath Palihapitiya, who serves as Trump’s crypto and artificial intelligence czar. “They said we’re going to start publishing data … Read more
Bitcoin prices have recently declined, falling below $108,000 on Friday, August 29, after hitting an all-time high exceeding $124,000 earlier in the month. The world’s most valuable cryptocurrency by total market value declined to 107,500 around 5 p.m. EST. At this point, the digital currency had decreased by over 13% from its peak of nearly … Read more
Eric Trump, the executive vice president of the Trump Organization and son of U.S. President Donald Trump, gave bold forecasts about bitcoin’s future value trend during his attendance at the Bitcoin Asia event in Hong Kong on Friday, telling attendees that the price will “definitely” reach $1 million. “There’s no question bitcoin hits $1 million,” … Read more
Officially, the US government has started making GDP data available on open blockchains. The Commerce Department’s announcement on Thursday integrates blockchain into the heart of America’s economic reporting, making GDP accessible through network like Bitcoin. Commerce officials highlighted that the blockchain rollout is not intended to replace traditional economic data releases, but is instead “another … Read more
The recent drop to $111k is putting important support levels to the test in a challenging market, raising the possibility of further declines. Analysis indicates a careful outlook as immediate demand stabilizes and ongoing futures show a downward trend. BTC Encounters Significant Support Hurdles During Market Turmoil. The recent trading path of the cryptocurrency has … Read more
“As Baby Boomers, who collectively control more than half of the global wealth, age and begin to pass on their estates, an estimated $84 trillion is expected to change hands in the United States alone by 2045,” analysts wrote in a report. “Globally, this figure reaches approximately $10.6 trillion by 2030 in the U.S., $3.5 … Read more
The value of Bitcoin has dropped under $110,000 in the last day, representing one of its sharpest declines in recent weeks. The leading cryptocurrency has fallen to $108,890 and is currently staying under the $110,000 mark. The drop signifies a significant sell-off from last Friday, when the cryptocurrency reached a peak of $117,000, only to … Read more
Experts in the field assert that the path ahead is clear: markets are transitioning to on-chain operations. Trading is always active, transactions are completed in mere seconds, and liquidity spans the globe. Tokenized assets have arrived. Traders can now speculate instantly on the price of major stocks and commodities, enjoying leverage as high as 25x, … Read more
Bitcoin’s price fell below $112,000 as Metaplanet revealed the acquisition of an extra 103 BTC, amounting to around $11.7 million, which increases its total holdings to 18,991 BTC valued at about $2.2 billion. The announcement follows FTSE Russell’s confirmation of Metaplanet’s inclusion in the FTSE Japan Index, elevating the company from small-cap to mid-cap status … Read more
Could Brazil be the next to establish a bitcoin strategic reserve? Legislation is currently under consideration by Congress to facilitate this development. Last week, the Chamber of Deputies heard the measure proposed by Federal Deputy Eros Biondini. Brazil is set to invest 5% of its $344 billion overseas reserves in bitcoin. The concept, drawing from … Read more