Following the Jackson Hole meeting, strong liquidations took place in the crypto market. Bitcoin and altcoins have seen a greater fall last weekend.
According to Justin Bons, Bitcoin has no utility, and is purely a speculative asset.
As per report by Blocksbridge, the Bitcoin mining difficulty could spike by 6.8% in one of the biggest increases this year in 2022.
Justifying the delay, SEC stated that they need enough time to take action on the proposed rule change.
Some analysts are highlighting the current hash rate, which is a measure of computational power used to mine bitcoin, as a major indicator for an imminent price surge.
According to Chief Executive of Bitcoin Depot, Brandon Mintz, the firm made record sales and earnings in the second quarter.
A recent report indicates that many businesses and individuals have understood the convenience of using crypto as a medium of payment.
Coinme is a major licensed cryptocurrency cash exchange, established in 2014 with the goal of becoming the most reliable access point to digital currencies and a more secure financial future.
Chris Dixon stated that blockchain technology offers safeguards by writing rules of code into a smart contract.
According to local media, investors are holding Milei personally responsible for their losses.
The SkyBridge Capital chief believes that Bitcoin needs to have at least one billion addresses in order to gain maturity and function as an asset class.
The recent development of conventional firms thinking big in the crypto industry complies with the president’s smoothening down of regulations and mandates.
The latest findings show that the attackers converted the rest of the Ronin assets to renBTC using 1inch or Uniswap. Since Ren allows transferring value between blockchains, the hackers managed to bridge the assets from Ethereum to the Bitcoin network.
Cramer also cautioned investors to realize that companies will likely continue to have difficulty making long-term plans as they cope with the swift and ongoing changes in the economy, and that includes crypto firms.
Former exec at Meta David Marcus has praised Bitcoin and its capabilities ahead of the highly-anticipated Ethereum Merge.