Posts published on October 8, 2024 go to media archive 4/4

Bitcoin Is Digital Oil Well Fueling Rural Texas Economic Revival, Mayor Says

Mayor Ward Roddam of Rockdale, Texas, sees bitcoin mining as the key to his town’s resurgence after the devastating closure of its largest employer, Alcoa. Comparing it to Texas’ oil boom, Roddam highlights how this modern technology is…

Ethereum Proposal EIP-7781 Promises Network Performance Boost – Here’s What To Expect

Ethereum Improvement Proposal (EIP) 7781 aims to reduce Ethereum network slot times, expand blob capacity, enhance decentralized exchange (DEX) performance, and lower gas fees.  What Is Ethereum Improvement Proposal – 7781?  EIP-7781 has…

Hong Kong’s Crypto Framework Near Completion — 11 Platforms Awaiting Approval

Hong Kong’s Securities and Futures Commission (SFC) has confirmed that the full regulatory framework for digital assets is set to be completed by next year, according to CEO Liang Fengyi. She also noted that 11 more crypto platforms are in…

Bitcoin’s Puell Multiple Signals A Bullish Surge: Could A New ATH Be Near?

While Bitcoin has been unable to break past the $70,000 price mark for over 2 months now, the asset has made efforts to remain above the $60,000 mark. Amid this maintenance above the $60,000 price level, analysts have continued to speculate on…

BRICS Unified Currency Deemed Premature by Russian Official

Russia’s Deputy Foreign Minister has stated that discussions on a single currency for the BRICS economic bloc are premature due to differences in financial regulation among member nations. Instead, the focus remains on enhancing financial…

Peter Schiff Predicts Gold Could Soar to $100,000 as US Dollar Weakens

Economist and gold advocate Peter Schiff noted that if gold could rise from $20 to $2,600 an ounce, it could potentially reach $26,000 or even $100,000. He shared his views on global economic issues, including U.S. dollar weakness, China’s…

JPMorgan Analysts Predict Bitcoin Gains in Q4 as ‘Uptober’ Trend Takes Hold

JPMorgan analysts are showing optimism as bitcoin exhibits strong upward trends moving into the fourth quarter. They highlighted October’s historically positive returns for the cryptocurrency and suggested this trend could persist. “We…