Blockstream CEO Adam Back believes the price of Bitcoin (BTC) could reach $10 million by the end of the sixth halvening in 2032, as long as Bitcoin layer-2 technology and wallet infrastructure improves. In a Feb. 12 Twitter thread, Back, one of the contributors to Bitcoin core, was explaining to his 509,000 followers in what
U.S. Federal Reserve Governor Christopher Waller has warned that crypto prices could fall to zero at some point. “Please don’t be surprised and don’t expect taxpayers to socialize your losses” when that happens, the Fed governor stressed. Crypto Prices Could Go to Zero, Fed Official Warns Federal Reserve Governor Christopher J. Waller warned about the
Taiwan has observed dozens of Chinese military balloon flights in its airspace in recent years, far more than previously known, adding to concerns that Beijing could be preparing for an attack on the country. “They come very frequently, the last one just a few weeks ago,” said a senior Taiwanese official. Another person briefed on
Ministers are taking a “big gamble” on energy prices easing further after failure to reach an agreement on increasing the UK’s gas storage capacity in time for next winter, the government’s top adviser on infrastructure has warned. Sir John Armitt, chair of the National Infrastructure Commission, told the Financial Times that while the UK needed
Israel’s president has appealed to the hardline new government to delay a contested judicial overhaul, warning that mounting political polarisation had left the country “on the brink of constitutional and social collapse”. In a primetime address on Sunday night, Isaac Herzog urged the new administration, headed by prime minister Benjamin Netanyahu, to seek a compromise
Since Luxor, a bitcoin mining pool, mined a record-setting 3.96 MB block (#774,628) on the Bitcoin blockchain, block sizes have been larger than they were prior to that block height in the past 12 days. Statistics show that blocks larger than 3 MB are now quite common, and demand for Ordinal inscriptions has risen as
Bitcoin (BTC) price is trying to recover over the weekend but the current bounce lacks conviction. This suggests that dip buyers are nervous to load up before the release of January’s consumer price index data on Feb. 14 as that could boost short-term volatility. Although the near term is uncertain, analysts at Delphi Digital expect
Russian authorities have released the recently arrested co-founder of crypto exchange Bitzlato, said to have processed illicit funds worth millions of U.S. dollars. Anton Shkurenko, who was questioned in Moscow, denies the French charges against him that became the reason for his brief detention. Shkurenko Says Potential Case Against Him in Russia Won’t Interfere With
US officials believe the two aerial objects shot down by US fighter jets in recent days were high-altitude balloons, but “much smaller” than the one brought down over the Atlantic last week, according to the top Democrat in Congress. Chuck Schumer, the Senate majority leader, said he had been briefed by Jake Sullivan, the US
Quay Tower is a magnificent new residential building situated directly on the Brooklyn waterfront and rising thirty stories. Its position directly across the water from the southern tip of Manhattan makes for spectacular harbor and city views. Together with the building’s amenities, they create a hotly-desired living experience. Everyone wants gorgeous sunset views, waterfront locations,
On Feb. 10, 2023, Republicans Patrick McHenry of North Carolina and Bill Huizenga of Michigan, both members of the U.S. House of Representatives, sent a letter to Securities and Exchange Commission (SEC) chairman Gary Gensler seeking answers about the arrest of FTX co-founder Sam Bankman-Fried prior to his scheduled testimony before the House Financial Services
David Solomon told a private gathering of Goldman Sachs’ top executives that he had erred by not cutting jobs earlier in 2022, according to people familiar with the remarks. Speaking to about 400 Goldman partners at a closed-door meeting in Miami this week, the chief executive said he took responsibility for being slow to reduce
The first production update of 2023 from publicly listed Bitcoin (BTC) mining companies shows a steady increase in hash rate and a surge in BTC production compared to the previous month, according to a new analysis from Hashrate Index. The majority of public miners increased their bitcoin production in January, with CleanSpark boosting it by
The glitzy Palm Springs home of the late Hollywood actress Zsa Zsa Gabor has been listed for sale at $3.8 million. The custom-built estate has been carefully maintained, preserving the one-of-a-kind Gabor glamor present in every room, including many original furnishings. Seated atop a hill in the upscale Palm Springs neighborhood of Little Tuscany, the
Bitcoin’s difficulty decreased 0.49% on Feb. 12, 2023, following a sustained all-time high of 39.35 trillion over the previous two weeks (2,016 blocks). The decrease in difficulty offers a brief respite for bitcoin miners, after the network recorded a 14.94% increase in the last month. Bitcoin Difficulty Drops 0.49% Lower; Top Five Mining Pools Continue
The UK business department has gone through more reincarnations than Doctor Who, the science fiction character who is a product of Britain’s highly successful creative industry. Prime Minister Rishi Sunak is now reorganising it again — hiving off parts of what was the Department for Business, Energy and Industrial Strategy, and merging the business rump
Investors are betting on a longer period of higher interest rates as they begin to accept the message from US Federal Reserve officials that more time is needed to cool inflation in the face of a resilient labour market. Pricing in the futures market shows that investors expect rates to peak slightly above 5 per
Prosecutors have issued arrest warrants for scores of developers as the death toll from last week’s earthquake in Turkey and Syria tops 33,000 and the security situation in some areas of the disaster zone deteriorates. Turkish investigators have identified 131 people of interest in a wide-ranging probe into the catastrophe, handing out 113 arrest warrants,
Investment management firm Ark Invest has offered three bitcoin price predictions in a new report, including a bull scenario where bitcoin could reach $1.48 million per coin. In other news, a 7zip file possibly linked to activist Julian Assange was reportedly discovered in the Bitcoin blockchain, and billionaire investor Tim Draper has encouraged the government
The writer is chair of Rockefeller International In February of 1998, 25 years ago this month, I was in Bangkok, ground zero of the Asian financial crisis. The implosion of the Thai baht had triggered a serial meltdown of currencies and markets with protesters in the streets across the region and chaos spreading. As world
In this article MBLY MSFT PTON AMZN COST Follow your favorite stocksCREATE FREE ACCOUNT A Peloton exercise bike is seen after the ringing of the opening bell for the company’s IPO at the Nasdaq Market site in New York City, New York, U.S., September 26, 2019. Shannon Stapleton | Reuters Investors are trying to make