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News Bytes – 6

Paraguay Proposes Harsh Penalties for Illegal Bitcoin Mining

Paraguay Proposes Harsh Penalties for Illegal Bitcoin MiningThe Paraguayan government is urging lawmakers to pass a bill that would impose up to 10 years in jail for illegal bitcoin miners, in response to the large amounts of electricity theft threatening the state-owned National Electricity Administration (ANDE). The bill includes provisions for Paraguayan police and prosecutors to seize and sell off mining equipment […]

Bitcoin Likely To Explode To Up to $100,000 Before the End of 2024, Says Michaël van de Poppe – Here’s Why

Decreasing Bitcoin Supply on Exchanges Indicating Possible Bullish Shift

Decreasing Bitcoin Supply on Exchanges Indicating Possible Bullish ShiftBitcoin’s supply on exchanges has significantly decreased, reaching new lows amid a bullish market trend, which analysts interpret as a shift towards long-term holding rather than short-term trading. A report by Bybit claimed that the diminishing supply could deplete within the next nine months, driven by factors such as the recent Bitcoin halving event and […]

Bitcoin Likely To Explode To Up to $100,000 Before the End of 2024, Says Michaël van de Poppe – Here’s Why

Vanguard CEO Salim Ramji Sticks to Firm’s Anti-Crypto Stance, No Plans for Bitcoin ETF

Vanguard CEO Salim Ramji Sticks to Firm’s Anti-Crypto Stance, No Plans for Bitcoin ETFSalim Ramji, the new CEO of Vanguard and former head of Blackrock’s global ETF business, has affirmed the company’s position against launching a spot bitcoin exchange-traded fund (ETF), emphasizing the need for consistency with Vanguard’s investment philosophy that views crypto as a speculative and immature asset class. Despite Ramji’s prior involvement in launching Blackrock’s successful […]

Bitcoin Likely To Explode To Up to $100,000 Before the End of 2024, Says Michaël van de Poppe – Here’s Why

Oasys Partners With SBI Group’s SBINFT Market to Boost Crypto Gaming in Japan

Oasys Partners With SBI Group’s SBINFT Market to Boost Crypto Gaming in JapanOasys, a blockchain network focused on gaming, has partnered with SBINFT Market, an NFT platform operated by a subsidiary of the Japanese financial conglomerate SBI Group, to expand the crypto gaming sector in Japan. The collaboration will allow developers on the Oasys platform to sell NFTs through the SBINFT Market, which now supports Oasys’ Hub-Layer […]

Bitcoin Likely To Explode To Up to $100,000 Before the End of 2024, Says Michaël van de Poppe – Here’s Why

Vanguard Appoints Crypto-Friendly Salim Ramji as CEO, Sparks Speculation on Bitcoin ETFs

Vanguard Appoints Crypto-Friendly Salim Ramji as CEO, Sparks Speculation on Bitcoin ETFsSalim Ramji, a former executive at Blackrock renowned for his leadership in Ishares and Index Investments, and for overseeing the filing for Blackrock’s Ishares Bitcoin Trust, has been appointed the new CEO of Vanguard, signaling a potential shift in the asset management firm’s stance on cryptocurrencies. Ramji, set to replace Tim Buckley on July 8, […]

Bitcoin Likely To Explode To Up to $100,000 Before the End of 2024, Says Michaël van de Poppe – Here’s Why

Industry Experts Foresee Massive Growth for Crypto Market, Predictions up to $100 Trillion

Industry Experts Foresee Massive Growth for Crypto Market, Predictions up to 0 TrillionRaoul Pal, a well-known financial sector figure, predicts a significant expansion of the cryptocurrency market, forecasting its market capitalization could reach $100 trillion due to global liquidity trends and technology adoption. His analysis is underpinned by observations of the global liquidity cycle, which has been influencing asset growth since 2008, along with the rapid adoption […]

Bitcoin Likely To Explode To Up to $100,000 Before the End of 2024, Says Michaël van de Poppe – Here’s Why

Defi Protocol Sonne Finance Reports Major Security Breach, $20 Million Lost to Hackers

Defi Protocol Sonne Finance Reports Major Security Breach,  Million Lost to HackersSonne Finance, a decentralized liquidity market protocol, was hit by a cyberattack, with initial losses of $3 million in USD Coin and Wrapped Ethereum from its Optimism chain quickly escalating to $20 million, as detected by blockchain security firm Cyvers on May 15. Following the attack, Sonne Finance suspended its Optimism Market and assured that […]

Bitcoin Likely To Explode To Up to $100,000 Before the End of 2024, Says Michaël van de Poppe – Here’s Why

Openai Co-Founder Ilya Sutskever Steps Down, Jakub Pachocki Named New Chief Scientist

Openai Co-Founder Ilya Sutskever Steps Down, Jakub Pachocki Named New Chief ScientistIlya Sutskever, a co-founder and the chief scientist at Openai, announced his departure from the company after nearly a decade to work on a “personally meaningful” project, without specifying further details. Jakub Pachocki, previously the director of research at Openai since 2017 and the lead on the development of the GPT-4 large language model, has […]

Bitcoin Likely To Explode To Up to $100,000 Before the End of 2024, Says Michaël van de Poppe – Here’s Why

Proactive Detection by Certik Saves Wormhole Bridge From Potential $5 Million Hack

Vanguard CEO Salim Ramji Sticks to Firm’s Anti-Crypto Stance, No Plans for Bitcoin ETFCertik, a security firm, prevented a potentially disastrous $5 million exploit in the Wormhole cross-chain bridge by identifying a critical bug, showcasing the importance of proactive security practices and the benefits of open-source software in enhancing Web3 security standards. Wormhole, a project enabling token and data transfers between blockchain networks like Ethereum and Solana, had […]

Bitcoin Likely To Explode To Up to $100,000 Before the End of 2024, Says Michaël van de Poppe – Here’s Why

Despite $250 Billion Worth of Transactions, Digital Yuan Users Prefer Physical Cash

Despite 0 Billion Worth of Transactions, Digital Yuan Users Prefer Physical CashSome participants of China’s Central Bank Digital Currency (CBDC) pilot program, specifically state workers paid in digital yuan (e-CNY), are quickly converting their digital currency to physical cash due to concerns over its utility and lack of incentives like interest on savings. Despite China’s advancement towards becoming a cashless society, the digital yuan faces skepticism […]

Bitcoin Likely To Explode To Up to $100,000 Before the End of 2024, Says Michaël van de Poppe – Here’s Why