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"In 2013, bitcoin rallied 1200% in approximately 100 days; in 2017, it rallied 1900% in just under a year; in late 2020, it rallied 400% in about 140 days,” Mitchell said, warning of several pullbacks and price dumps on the way to a retake of highs. Original Source
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Crypto analyst Jason Pizzino provided an in-depth update on Bitcoin’s (BTC) price cycles in an Oct. 18 video. With Bitcoin trading around $28,400, Pizzino laid out potential paths for Bitcoin to reach $42,000 by mid-2024. According to Pizzino’s analysis, Bitcoin is currently 11 months into its current bull market cycle that
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Customers of bankrupt crypto exchange FTX and FTX US could see over 90% of assets returned to them by the end of the second quarter of 2024 after a proposed settlement was reached between FTX creditors and debtors.On Oct. 17, FTX debtors said they reached a “major milestone” in their
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Hong Kong is aiming to finalize stablecoin regulations by mid-2024, highlighting the territory’s contrasting approach to mainland China. Legislative Council member Duncan Chiu has signaled that Hong Kong is on track to finalize its stablecoin regulations by mid-2024. The announcement was made at the Shanghai Blockchain International Week, according to a
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The first pillar is the soft launch of the ongoing project mBridge, a collaboration between the Bank for International Settlements (BIS) and the central banks of Hong Kong, the Chinese mainland, the United Arab Emirates and Thailand to study cross-border payments and multi-CBDC transactions. Original Source
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The Amazon Project Kuiper aims to offer high-speed internet to every part of the world. As Amazon (NASDAQ: AMZN) prepares to contend with Elon Musk’s SpaceX with Project Kuiper, the tech company plans to launch its first internet satellites into space before mid-2024. In its quest to provide broadband internet
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In a document dated August, three months after Anthony Albanese defeated the coalition administration of Scott Morrison, the Treasury reveals how some stakeholders might be disappointed with a "perceived delay in implementing a licensing regime" but viewed the concerns as "somewhat mitigated" by the collapse of several crypto companies and
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