Chamath Palihapitiya spoke on Bitcoin and crypto issues, including inadequate regulation, off-chain transactions and high-risk staking.
The latest development from the regulatory body reportedly comes after the commission rejected Grayscale’s attempt to convert its Bitcoin trust into an ETF in June.
Arthur Hayes believes that because of the HODL culture 1 Bitcoin would eventually equal $1 million in about 8 years.
The SEC categorized Bitcoin Futures ETF and spot Bitcoin ETF as separate products.
Bitcoin critic Peter Schiff said that he would be accepting BTC if that were to save customers of his now embattled bank Euro Pacific.
Recently, CoinGecko data disclosed that $2 trillion has been wiped off the market value for cryptocurrencies since last year.
Additional reports from the analyst stated that this is the most recent in a string of fakeouts that will deceive many traders into thinking the bottom is in when, in fact, the trend is still downward.
It is important to note that all qualified users of the Robinhood app who have direct access to the WebWallets functionalities are eligible for this new support.
CleanSpark joins the list of Bitcoin miners to liquidate their BTC to cover costs. The company continues to use the proceeds of sale to buy more mining rigs and expand further.
The crypto industry has lost two-thirds of its market capitalization in eight months.
Bitcoin mining giant Core Scientific has to sell more than 85% of its BTC holdings last month to repay other scheduled debts and cover operational costs.
Ever since Bitcoin price dropped to current levels of around $20k, miners are rewarded approximately $120,000 per successful mined block.
EV tycoon Tesla Inc is about to make losses due to impairment on its Bitcoin losses.
Didi Taihuttu said that his family continues to add more BTC during this recent price correction and expects the BTC price to touch $140,000 by 2025.
Central American country El Salvador has now almost made a culture out of buying Bitcoin at every possible opportunity.