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Hedgeye: This Model Predicts Bitcoin at $1,000,000

Analysts at Hedgeye Risk Management, an investment research and financial media company based in Stamford, Connecticut, have analyzed the Bitcoin stock-to-flow argument. This framework suggests Bitcoin’s price potentially reaching $1 million by the latter half of 2020s, and as much as $10 million per BTC by the 2030s. “First they ignore you, Then they laugh […]

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Portugal Begins Approving Cryptocurrency Exchanges — Two Licensed So Far

Portugal now has two approved cryptocurrency exchanges. The country’s central bank, the Banco de Portugal, has licensed Mind the Coin and Criptoloja. In Portugal, the central bank is responsible for registering entities that intend to act as virtual asset service providers (VASPs). The bank must also ensure that they are in compliance with the legal […]

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Sotheby’s Auctioning Rare Diamond Worth $15 Million, Cryptocurrencies Accepted

Sotheby’s, the world’s largest auction house, is auctioning a rare, 101.38-carat flawless diamond estimated to be worth $15 million, and cryptocurrencies are accepted. Biggest Auction House Accepts Cryptocurrencies Sotheby’s announced Monday that it is auctioning a rare, pear-shaped diamond on July 9 in Hong Kong that can be purchased with cryptocurrency. Established in 1744, Sotheby’s […]

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Nicolas Maduro States Venezuela Pioneered Crypto Adoption in South America as Petro Use Flounders

President Nicolas Maduro stated that Venezuela was a pioneer in cryptocurrency adoption in Latam in an interview with Bloomberg last week. Venezuela is still one of the first cryptocurrency volume movers in South America. However, the petro token, its official cryptocurrency, has failed to pick up steam in national and international markets. President Nicolas Maduro […]

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Three Ethereum Testnets Are Transitioning to the Highly Anticipated London Upgrade

According to a blog post on the Ethereum Foundation’s website, three Ethereum testnets leveraging the London hard fork will go live during the next few weeks. Ethereum core developer Tim Beiko explained last Friday that the “upgrade will first go live on Ropsten, at block 10499401, which is expected to happen around June 24, 2021.” […]

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Facebook’s David Marcus: China’s Bitcoin Mining Crackdown ‘Great Development’ for BTC

David Marcus, head of Facebook Financial (F2) who is in charge of crypto project Diem, formerly Libra, believes that the Chinese government cracking down on bitcoin mining is “a great development” for the cryptocurrency. Many people in the crypto space agree with him. Facebook’s Executive Believes China’s Bitcoin Mining Crackdown Is a Good Development David […]