
Bitcoin’s Moon Shot No Cure for Crypto’s Regulatory Woes
Bitcoin’s surge past $60,000 has renewed crypto market optimism, but Hong Kong’s planned crackdown on small crypto shops illustrates the industry’s uneasy fit with regulation.
Bitcoin’s surge past $60,000 has renewed crypto market optimism, but Hong Kong’s planned crackdown on small crypto shops illustrates the industry’s uneasy fit with regulation.
Crypto mining firm Marathon Digital introduced Anduro, a new Bitcoin layer-2 platform focused on supporting sidechain development while allowing miners to earn extra income.
Coinbase suffered tech problems like zero balances as Bitcoin hit $64K then dropped 4% in minutes; exchange said aware of errors amid high traffic.
Renowned economist Peter Schiff has sparked controversy after calling Bitcoin “digital anti-gold,” rejecting the idea that it is digital gold. He argues Bitcoin is a bet against gold and inflation hedge, not a store of value. The crypto community strongly disagrees.
A 40-year market veteran predicts Bitcoin could surge to $305,000 by 2025, nearing gold’s $6 trillion monetary value, as BTC taps $86,000 again on its way to surpass its former $93,000 record price.
Rising Bitcoin prices are attracting speculators back to the market, with short-term holders and institutions driving up exchange activity and open futures interest.
JPMorgan believes Bitcoin halving and Ethereum upgrade are priced in, sees only 50% chance of SEC approving spot Ethereum ETFs in May.
Bitcoin has climbed above $55,000, extending its 2024 bull run amid positive developments like Trump softening his stance and MicroStrategy acquiring more BTC.
The price of Bitcoin abruptly shot up over $2,500 to exceed $53K for the first time since December 2021, sparking a rally for altcoins as Ethereum rose above $3,150 and Binance Coin neared $400.
Satoshi Nakamoto’s emails unveil the reasoning behind capping Bitcoin at 21 million tokens, addressing scalability, pricing alignment with traditional currencies, investment, energy consumption, and anonymity concerns.