Daily Bitcoin News
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Analyst Forecasts BTC to Reach $1 Million in 10 Years, Envisions It as Future Reserve Currency

Onchain bitcoin analyst Willy Woo predicts that the leading cryptocurrency will reach the $1 million milestone within the next decade. During what he describes as “a time to be alive,” Woo anticipates witnessing a purge of central bank corruption. However, one of Woo’s followers envisions a Central Bank Digital Currency (CBDC), not bitcoin, replacing...

Mon May 13, 2024 12:51
Korea’s Infinite Block Joins as XRP Ledger Validator, Bolstering Global Ecosystem

Infinite Block, a Korean virtual asset service provider, has announced its participation as a validator in the XRP Ledger (XRPL) blockchain. This move is expected to bolster the XRPL ecosystem within Korea’s unique regulatory environment. Infinite Block aims to provide XRPL and XRP services to corporations while adhering to domestic and international...

Mon May 13, 2024 12:51
Despite $250 Billion Worth of Transactions, Digital Yuan Users Prefer Physical Cash

Some 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...

Mon May 13, 2024 12:51
Casa Co-Founder Jameson Lopp: Attacks on Cryptocurrency Whales Are “Vastly Underreported”

Jameson Lopp, the co-founder of Casa, a Bitcoin services company, referred to increasing attacks targeting cryptocurrency whales. On social media, Lopp stated that “while still relatively rare,” the number of targeted attacks against crypto whales was “vastly underreported.” Lopp explained that many victims of these thefts and hacks hesitated to consult...

Mon May 13, 2024 11:52
El Salvador Enhances Bitcoin Treasury Transparency With Launch of Dedicated Mempool Space

In a significant move towards transparency, El Salvador’s National Bitcoin Office (ONBTC) has announced the launch of its own mempool space. This development allows anyone to view the country’s bitcoin treasury holdings. The initiative is supported by Mempool, which revealed it has provided a custom instance of The Mempool Open Source Project for the...

Mon May 13, 2024 10:52
Mark Cuban Blasts SEC’s Crypto Regulation, Advocates for Japan’s Approach

Billionaire investor and “Shark Tank” star, Mark Cuban, has taken to social media to voice his concerns about the U.S. Securities and Exchange Commission’s (SEC) approach to cryptocurrency regulation. In a series of posts, Cuban criticizes the SEC for stifling innovation and causing harm to businesses in the crypto industry. He contrasts the U.S. regulatory...

Mon May 13, 2024 10:52

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