Bank of America Predicts Bullish Trend for Silver, Prices to Hit $35/oz by 2026

June 18, 2024 Bitcoin.com

Bank of America Predicts Bullish Trend for Silver, Prices to Hit /oz by 2026

Bank of America (BOFA) forecasts a bullish trend for silver, anticipating an increase in prices through the latter half of 2024 into 2025. BOFA analysts project silver prices to average $35/oz by 2026, compared to the current spot price of $29.19/oz. This optimistic outlook is driven by expectations of an end to central bank interest […]

Massive Altseason on the Horizon As Altcoins Gear Up for 2017-Style Expansion, According to Analyst

Financial Stability Board Emphasizes Need for Global Crypto Regulation to Prevent Arbitrage

June 18, 2024 Bitcoin.com

bitcoin.com

The Financial Stability Board (FSB) Plenary met in Toronto on June 14 to discuss various financial stability issues. Key topics included the financial stability outlook, lessons from the March 2023 banking turmoil, and enhancing the resilience of non-bank financial intermediation (NBFI). The FSB also reviewed progress on implementing its global regulatory framework for crypto asset […]

Massive Altseason on the Horizon As Altcoins Gear Up for 2017-Style Expansion, According to Analyst

JPMorgan Questions Sustainability of $12 Billion Crypto Inflows

June 17, 2024 Bitcoin.com

Bitcoin

JPMorgan analysts have raised concerns about the sustainability of the $12 billion year-to-date inflow into crypto assets, given the current high bitcoin prices relative to production costs and gold. The substantial inflows this year have been primarily driven by spot bitcoin exchange-traded funds (ETFs). However, much of this inflow represents a shift from crypto wallets […]

Massive Altseason on the Horizon As Altcoins Gear Up for 2017-Style Expansion, According to Analyst

US-Listed Bitcoin Miners Hit Record Market Cap of $22.8 Billion, JPMorgan Says

June 17, 2024 Bitcoin.com

Bitcoin

As of June 15, U.S.-listed bitcoin miners have reached a record market capitalization of $22.8 billion, according to global investment bank JPMorgan. This surge is led by significant gains in stocks like Core Scientific, Terawulf, and Iren. The overall sector market cap has increased by 24% since the end of May, partly due to a […]

Massive Altseason on the Horizon As Altcoins Gear Up for 2017-Style Expansion, According to Analyst

US Supreme Court to Hear Nvidia’s Bid to Dismiss Crypto-Related Lawsuit

June 17, 2024 Bitcoin.com

Appeal

The U.S. Supreme Court has agreed to hear Nvidia’s appeal to dismiss a securities fraud lawsuit accusing the company of misleading investors about its sales to the cryptocurrency industry. Nvidia’s appeal follows a lower court’s decision to revive a class-action lawsuit. The suit alleges that Nvidia and its CEO, Jensen Huang, downplayed the impact of […]

Massive Altseason on the Horizon As Altcoins Gear Up for 2017-Style Expansion, According to Analyst

Fed President Kashkari Finds Bank of America’s December Rate Cut Prediction Reasonable

June 17, 2024 Bitcoin.com

Bank of America

Minneapolis Federal Reserve President Neel Kashkari addressed Bank of America’s prediction for a potential Fed interest rate cut this year in an interview with CBS News on Sunday. Bank of America predicts that the Fed will cut rates once this year, likely in December. “I think that’s a reasonable prediction,” Kashkari said, noting that it […]

Massive Altseason on the Horizon As Altcoins Gear Up for 2017-Style Expansion, According to Analyst

Malaysia Launches Special Operation to Crack Down on Crypto Tax Evasion

June 16, 2024 Bitcoin.com

bitcoin.com

Malaysia’s Inland Revenue Board (IRB), in collaboration with the Royal Malaysia Police and Cybersecurity Malaysia (CSM), recently launched a special operation codenamed “Ops Token” to tackle tax revenue losses from cryptocurrency trading. The initiative, involving 38 personnel, was executed across 10 locations in the Klang Valley. This region encompasses the federal territories of Kuala Lumpur […]

Massive Altseason on the Horizon As Altcoins Gear Up for 2017-Style Expansion, According to Analyst

Chinese Gang Arrested for Exploiting Digital Yuan

June 15, 2024 Bitcoin.com

bitcoin.com

In Zhejiang province, China, a criminal gang exploited digital yuan accounts to illegally cash out over 200,000 yuan ($27,566) within four days. The digital yuan, or e-CNY, is the People’s Bank of China’s (PBOC) central bank digital currency (CBDC), which has experienced substantial growth in usage. Adoption has reached 260 million wallets across 25 cities, […]

Massive Altseason on the Horizon As Altcoins Gear Up for 2017-Style Expansion, According to Analyst

Binance CEO Sees 2024 as a ‘Landmark Year’ for Crypto

June 14, 2024 Bitcoin.com

Binance

Binance CEO Richard Teng described 2024 as a “landmark year” for the cryptocurrency industry in an interview with Bloomberg on Thursday. He cited enhanced regulatory clarity, broader mainstream acceptance, and the introduction of bitcoin spot exchange-traded funds (ETFs). “The momentum continues to be very strong, which is a very encouraging sign for us … Other […]

Massive Altseason on the Horizon As Altcoins Gear Up for 2017-Style Expansion, According to Analyst

Attorney Disbarred After Misappropriating $4 Million in Bitcoin Funds

June 14, 2024 Bitcoin.com

attorney

The Supreme Court of Georgia, the highest judicial authority of the U.S. state of Georgia, has disbarred attorney Diana McDonald on June 11 for misappropriating $4 million from a bitcoin escrow transaction. In 2019, McDonald acted as a fiduciary for a client involved in a Bitcoin deal that failed to deliver the promised cryptocurrency. Despite […]

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