Peter Schiff Predicts Gold Could Soar to $100,000 as US Dollar Weakens

October 8, 2024 Bitcoin.com

Peter Schiff Predicts Gold Could Soar to 0,000 as US Dollar Weakens

bitcoin.com

Economist and gold advocate Peter Schiff noted that if gold could rise from $20 to $2,600 an ounce, it could potentially reach $26,000 or even $100,000. He shared his views on global economic issues, including U.S. dollar weakness, China’s economic resilience, and the impact of U.S. foreign policy on national debt. Schiff warned of potential […]

Russia is free to use Bitcoin in foreign trade, says finance minister

Robert Kiyosaki Warns of World War III Amid Global Tensions — Asks ‘Are You Prepared?’

October 6, 2024 Bitcoin.com

Biden

Robert Kiyosaki, author of Rich Dad Poor Dad, has expressed concerns about World War III, warning that current global tensions could lead to catastrophic consequences. He emphasized the need for stronger leadership. This echoes past warnings from him about geopolitical threats and energy-driven conflicts. Kiyosaki Warns of World War III Amid Rising Global Tensions The […]

Russia is free to use Bitcoin in foreign trade, says finance minister

Hedge Funds Get Margin Called After Soaring Chinese Stock Market Wrecks Short Positions: Report

October 5, 2024 The Daily Hodl

brics

Quant hedge funds are being hit with margin calls following the massive rally in Chinese stocks, hammering those with short positions. Hedge funds who use shorts as part of their market-neutral strategy are now at risk of their positions being liquidated, reports Bloomberg, citing people familiar with the matter. Last week, the Chinese government announced […]

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Russia is free to use Bitcoin in foreign trade, says finance minister

Bitcoin decentralization is a matter of national security — Auradine CEO

October 4, 2024 Coin Telegraph

ASIC

According to CryptoQuant, the current Bitcoin network difficulty is 88.4 trillion — down from the 92 trillion recorded on Sept. 20, 2024.

Maximizing Bitcoin (BTC) decentralization throughout the entirety of the stack is a matter of national security, Rajiv Khemani, co-founder and CEO of mining chip manufacturer Auradine, told Cointelegraph.

The CEO explained that third-party firmware — which updates and changes over time — could theoretically be used to compromise the energy grid or launch a 51% attack on the Bitcoin network.

Auradine’s CEO outlined a potential situation where malicious code embedded within this firmware could shut down mining operations within a certain geography. This could cause a drop in hashrate and network difficulty, making a 51% attack easier to execute.

Russia is free to use Bitcoin in foreign trade, says finance minister

Russia-China Trade Grows Despite Global Challenges, Putin Highlights

October 2, 2024 Bitcoin.com

bilateral

Russian President Vladimir Putin marked the 75th anniversary of the People’s Republic of China by praising the solid partnership between Russia and China. He emphasized the resilience of their economic relationship and increasing trade despite international challenges. Putin also highlighted the significance of their cooperation in multilateral organizations, showing the strategic alignment between the two […]

Russia is free to use Bitcoin in foreign trade, says finance minister

Ex-Chinese Vice Minister Urges China To Assess Cryptocurrencies Following US Bitcoin Pivot: Report

October 1, 2024 The Daily Hodl

China

A former high-ranking Chinese government official is reportedly urging his country to look into cryptocurrencies. Chinese media outlet Sina reports that Zhu Guangyao, the former vice minister of the Ministry of Finance, spoke at an economic forum in Bejing over the weekend and called attention to the evolving regulatory attitudes toward crypto in the United […]

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Russia is free to use Bitcoin in foreign trade, says finance minister

China’s Former Vice Minister of Finance Calls for Research on Crypto as US Policy Pivots

October 1, 2024 Bitcoin.com

bitcoin.com

Zhu Guangyao, China’s former vice minister of Finance, has called on the country to continue researching crypto as the US changes its attitude towards the asset class. During the 2024 Tsinghua PBOC Chief Economist Forum, Guangyao stated that crypto should be studied “because it is a crucial aspect of the development of the digital economy.” […]

Russia is free to use Bitcoin in foreign trade, says finance minister

Bitcoin monthly close, fresh bullish narratives lead BTC traders to aim for new price highs

September 29, 2024 Coin Telegraph

Bitcoin Price

Bitcoin’s monthly close could reverse a 6-month-long downtrend and signal traders’ intent to push BTC price to new highs.

Bitcoin (BTC) price is on the verge of a notable trend change in its weekly and monthly timeframe chart. On both timeframes, a close above $65,000 sets a higher high and breaks the trend of lower highs which has defined BTC’s price action fo the past 6 months.

BTC/USDT weekly chart. Source: TradingView

Prior to this week’s rally above $66,000, the crypto market had been suffering from narrative exhaustion but a new set of catalyst have led traders to believe Bitcoin price is ready to embark on the next leg higher.

Russia is free to use Bitcoin in foreign trade, says finance minister

3 signs that Bitcoin price is not ready to make a new all-time high

September 29, 2024 Coin Telegraph

ATH

China-focused stablecoin data, retail investor participation and skeptical BTC derivatives markets are all signs that Bitcoin price is not primed for a new all-time high.

Bitcoin (BTC) closed at its highest level in two months on Sept. 28 and is currently approaching the $66,000 mark. This movement followed gains in the S&P 500 index, which reached an all-time high on Sept. 26, fueled by robust economic indicators and measures aimed at boosting markets and investor confidence in China. However, several metrics indicate that Bitcoin is far from entering a bull market.

Bitcoin/USD (right) vs. S&P 500 futures (left). Source: TradingView

Investors could be skeptical due to previous rejections at $70,000 or fearing that a potential recession is underway, which would negatively impact risk-on markets, including cryptocurrencies.

Russia is free to use Bitcoin in foreign trade, says finance minister

Former Chinese finance minister urges crypto study after US Bitcoin ETF shift

September 29, 2024 Coin Telegraph

Bitcoin

Lou Jiwei stressed that China must assess cryptocurrency developments, particularly as the US shifts policy on Bitcoin ETFs.

During a speech at the 2024 Tsinghua Wudaokou Chief Economists Forum in Beijing, former Chinese finance minister Lou Jiwei urged China to closely examine advancements in cryptocurrency.

According to Sina Finance’s report of the speech, the ex-minister highlighted the potential risks crypto poses to financial stability, including volatility and their role in money laundering.

He also noted the United States’ shifting stance toward cryptocurrencies, particularly in light of the US Securities and Exchange Commission approval of spot Bitcoin (BTC) exchange-traded funds (ETFs).

China

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