📊Trading and investing are two areas of financial activity that attract many people with their earning potential, but can also cause fear and indecision. Many new traders and investors have difficulty making decisions in the stock market due to lack of experience and fear of losing money.
China has officially declared digital currency transactions an illegal activity related to money laundering.
The new rules toughen penalties: fines of up to $27,400 and prison terms of up to 10 years. Despite this, Chinese traders remain optimistic about Bitcoin, expecting it to rise to $150,000.
Trump announces plans to stop digital dollar implementation
Donald Trump criticized the idea of a digital dollar at a meeting in New Hampshire, calling it a step toward “government tyranny.” He vowed to oppose the Fed’s plans, arguing that it would increase government control over people’s money. Experts believe his proposals could undermine the Fed’s independence and harm the economy
Bitcoin's bullish trend is forecast to continue until Q3 2025, despite a correction to $58K. Analysts note that the current BTC cycle shows a 3.5x low-to-high ratio, which provides grounds for growth. Institutional investors continue to support the market.
In 2024, the wealth of the ten richest crypto owners reached $78 billion! 💰 List leaders: Changpeng Zhao ($33B), Brian Armstrong ($11.2B), Giancarlo Devasini ($9.2B) and others. 🚀 It's amazing how they accumulated such fortunes! Find out their stories and secrets of success! #cryptocurrency#investments #success
Bitcoin Price Jumps as US Inflation Falls, QCP Capital Says
According to analysts at investment firm QCP Capital, the soft US consumer price index (CPI) figures are creating a positive backdrop for risky assets such as cryptocurrencies and stocks. The news sent the price of Bitcoin past $61,200. QCP Capital pointed to data from the US Department of Labor, which showed that the CPI grew at an annualized rate of 2.9% in July 2024. On a monthly basis, excluding volatile components such as food and energy, the index rose by 0.2%.
Tom Shaughnessy Jr., co-founder of Delphi Digital:
Cryptocurrency should not be a partisan issue, but unfortunately, that is exactly what is happening. We need bipartisan support. Only one of the Republican candidates is positive about the crypto market. While Kamala Harris and her team have not made their position on the crypto industry clear. Support for the crypto market is necessary for the future
BlackRock, which manages $10 trillion in assets, plans to create its own blockchain, inspired by Coinbase's Base system. This could make BlackRock a leader in digital assets, improving transparency and wealth management. This is a huge step forward for traditional asset management in Web3
Cryptocurrency shouldn’t be a partisan issue, but unfortunately it is. We need bipartisan support. Kamala Harris hasn’t made her position on crypto regulation clear, and that worries me.
Meanwhile, one Republican candidate is showing promise by advocating for a Bitcoin strategic reserve and positioning the U.S. as a crypto hub. Balanced support is needed for the crypto market to thrive.
Japanese firm MetaPlanet invests $3.38 million in Bitcoin
Japanese investment firm MetaPlanet recently made a significant deal, acquiring 57.1 bitcoins for $3.38 million. However, its shares fell 6% on the back of the purchase, which may indicate growing investor skepticism about the volatility of the crypto market. The average purchase price was approximately $59,237 per bitcoin. According to MetaPlanet representatives, a loan of 1 billion yen (about $6.8 million) was allocated for this purchase, which is planned to be used entirely for further investments in the first cryptocurrency.
💵Tim Draper announced a new time frame for Bitcoin to reach $250,000 🔼
👽Famous investor Tim Draper, who previously predicted that Bitcoin would reach $250,000 by June 2023, now believes that this will happen by 2025🪐
🌐In his opinion, the reason for the delay was the aggressive actions of American bureaucrats, in particular the Securities and Exchange Commission (SEC), against crypto companies, which forced many businessmen to leave the United States🔤
Vitalik Buterin: “Bitcoin needs more scaling solutions”
Vitalik
The co-founder of Ethereum believes that the network of the first cryptocurrency needs scalable second-layer solutions to become something more than just a payment network. Vitalik Buterin shared his vision with listeners in the TwitterSpaces audio room. As examples of a possible move beyond just a payment system, the expert cited Ethereum’s ongoing experiments with approaches to scaling as “potential sources of inspiration for network developers.”
US prosecutors have accused a Moroccan national of stealing $450,000 worth of non-fungible tokens, including two Bored Apes collectible tokens. An attacker was stealing NFTs through the fake OpenSea marketplace.
The Ministry of Justice reported that 25-year-old Moroccan Soufiane Oulahyane is suspected of creating the fake OpenSea website, deceiving visitors and obtaining from them seed phrases that can be used to gain access to crypto wallets