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BTC forecast from various experts for 2024-2025.
☝️1. JP MorganJP Morgan Bitcoin Forecast: $45,000 in 2024JP Morgan is a large American financial conglomerate. Its analysts believe that against the background of the Bitcoin halving in 2024 and the predicted increase in gold prices, BTC may reach $45,000.🪙 2. BitMEX co-founder Arthur HayesBitcoin prediction by Arthur Hayes: $70,000 in the near future
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🏎️ Reuters: Ferrari will start accepting cryptocurrency as payment for its cars
According to Reuters, Ferrari will start accepting cryptocurrency as payment for its cars. For this, the company entered into a partnership with BitPay.
Initially, the service will be available in the US, and later in Europe.
This decision was made against the background of customer demand.
Payments will be accepted in BTC, ETH and USDC and will be converted to fiat. Such!!!😎 #bts #usdc #eth #ferrari
JPMorgan has lowered its estimate of the cost of Bitcoin mining.
One of the world's largest financial holdings, JPMorgan has lowered its estimate of the cost of production of the Bitcoin cryptocurrency after a recent revision of the methodology of the Cambridge Electricity Consumption Index for Bitcoin (CBECI).Accordingly, changes in electricity prices will now have less impact on the cost of Bitcoin mining, analysts say.
🗂️ Blackdot released a device that fills NFT tattoos
The Blackdot company introduced a device that fills NFT tattoos.
Before tattooing a client, the Blackdot device first uses a small number of hidden test dots – about the same diameter as a human hair – to determine the appropriate dot depth for each skin type.
The tattoo designs will be sold on the Blackdot marketplace, and the blockchain is used to track tattoos that have already been inked.
Artists receive royalties for each stuffed tattoo. #nft #blackdot
🪙 👀TON announced its intention to become the fastest blockchain according to the Guinness Book of Records
TON Foundation has announced that it will start working with Alibaba Cloud to set up 256 servers for performance testing.
The test will continue on October 31.
According to the project, this is necessary in order to apply for the Guinness Book of Records in the category of "fastest blockchain in the world". #ton
📈 Tron took second place by TVL in the DeFi ecosystem
Currently, $6.6 billion — 10.74% of total TVL — is locked in DeFi protocols on Tron.
By July 2023, Binance Smart Chain (BSC or BNB Chain) was in second place. After the SEC lawsuit against Binance, the amount of funds blocked there began to fall, and BSC gave way to Tron.
Interestingly, all the top projects are related to Tron founder Justin Sun: JustLend cryptoloans, stUSDT stablecoin staking, USDJ stablecoin and SUN decentralized exchange. #bsc #sec #tron
🇬🇧 The Financial Regulator of England is preparing rules for tokenization of funds
The FCA wants to allow funds to issue tokens that represent the shares in their portfolios.
These tokens can be issued on public blockchains and receive the benefits of the blockchain ecosystem: fractionalization to expand the audience of retail traders, simplified selling on CEX and DEX, and reduced transaction fees. #dex #cex #fca
🗓️ Today 10/13/2023 is the last day for the SEC to make a decision on the conversion of the Grayscale bitcoin trust to an ETF
The SEC has three options: approve the conversion, file an appeal, or delay the decision.
Bloomberg ETF analyst James Seyfarth thinks the SEC will likely come up with something to delay the decision for a few more months. Lawyers following the case agree that an appeal will do nothing, so the Commission needs time to find a new reason to refuse the conversion.
However, if the SEC does not find such a reason, it will have an even harder time finding a way to reject other applications for spot bitcoin ETFs.
As a reminder, from 2021, Grayscale requires permission from the SEC to convert the GBTC trust into an ETF.