Bitcoin will hit a new all-time high in late 2024 on the backdrop of a long-feared United States recession and regulatory shifts after the next U.S. presidential election, asset manager VanEck predicts. On Dec. 8, VanEck made 15 crypto predictions for 2024, including price forecasts, timings of a spot Bitcoin ETF launch, the impact of the…

Despite the risks and the failures associated with central bank digital currencies (CBDCs), global policymakers are pushing forward to make them a reality. In November alone, officials from the International Monetary Fund (IMF), Bretton Woods Committee, and Bank for International Settlements (BIS) issued rallying calls for governments to push forward on CBDCs with courage and determination….

JPMorgan Chase chair and CEO Jamie Dimon told several United States lawmakers that if he had the authority in government, he would try to shut down crypto. In a Dec. 6 hearing of the Senate Banking Committee on oversight of Wall Street firms, Dimon responded to questioning from Massachusetts Senator Elizabeth Warren, who claimed North Korea had…

Layer-2 solutions increase the practical use cases of the blockchain infrastructure by lowering gas fees and increasing network bandwidth. Consensys, the creator of the MetaMask wallet, introduced its layer-2 ecosystem Linea to streamline the onboarding of more users to Web3. The growth of the blockchain ecosystem accelerates the need for a bigger, better, faster infrastructure. As new…

Bitcoin futures open interest has reached $5.2 billion on the global derivatives giant Chicago Mercantile Exchange (CME), $200 million shy of its late October 2021 all-time high. Open interest in CME’s Bitcoin futures has grown from $3.63 billion to $5.20 billion over the last 30 days, according to Coinglass data. The open interest surge has run parallel…

Jan3 CEO Samson Mow has said that comparing Bitcoin to crypto is like comparing “an aircraft to a paper airplane.” Ripple CEO Brad Garlinghouse said, “It will be a multichain world.” These opposing statements are the latest front in the longest-running feud in cryptocurrency — the battle between Bitcoin and everything else that followed. For the…

A United Kingdom parliamentary committee in the House of Commons has asked the Bank of England and Treasury to conduct further consultative work to determine the benefits of launching a digital pound. The groundwork and tests related to the launch of a central bank digital currency (CBDC) incurred significant costs for the Bank of England…

Hashdex, one of the 13 asset managers vying for spot Bitcoin exchange-traded fund, expects to see the first spot Bitcoin ETF in the United States land by the second quarter of 2024, followed by a spot Ether ETF. “The exact timing of a spot Bitcoin ETF in the U.S. remains unclear, but in 2023, the narrative around…

Binance CEO Richard Teng has assured the “gaps in compliance” from the early days of Binance are firmly in the past and that the crypto exchange is now “totally different.” Teng, the former head of regional markets for Binance, was elevated to the position of CEO on Nov. 21 after Changpeng ‘CZ’ Zhao stepped down…

Behind the wave of companies moving or deploying initiatives in the UAE is regulation. The country has introduced regulatory frameworks for decentralized autonomous organizations (DAOs), virtual asset providers, metaverses and other Web3-related entities. By offering regulatory clarity and a clear path to compliance — amid a crackdown in the United States — the UAE is moving closer…