BTC to $200k? Crypto ATM operator faces 26 years, Vitalik’s Ethereum alignment plan ⚡️ Hamster News
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Bitcoin at $200,000? Ethereum’s New Proposal, and Trump’s World Liberties: What’s Happening?
Hey, hamsters! In today’s news: Bitcoin is projected to hit $200,000 within the next 18 months, Vitalik Buterin’s new proposal for Ethereum could ensure its survival, and Trump’s World Liberties is going live, though its purpose remains unclear. Let’s dive into what this is all about.
Bitcoin’s September Surge
Unlike previous Septembers, Bitcoin is on track for gains, not just any gains, but a significant increase of at least 9%. This defies its historical trend of negative returns for the month. Among many positive outlooks on the leading cryptocurrency, one stands out: CleanSpark CEO believes that Bitcoin could reach and exceed $200,000, likely within the next 18 months.
Several factors are contributing to this optimistic forecast. The increasing institutional adoption, coupled with the growing acceptance of Bitcoin as a hedge against inflation, has strengthened its market position. Additionally, the halving event, which reduces the reward for mining Bitcoin, is expected to create a supply shock, potentially driving the price upwards.
Trump’s World Liberties: Mystery Continues
World Liberty Financial, a DeFi project associated with the Trump family, has opened KYC verification on its website. However, the truth is that no one still knows what services it is offering. This adds to the intrigue surrounding the project, as the involvement of a high-profile political family has sparked widespread curiosity.
Speculation is rife about the potential services World Liberty Financial might offer. Some suggest it could be a platform for decentralized finance services, while others believe it might focus on cryptocurrency investments or even a new form of digital currency. Until more information is available, the project’s goals remain shrouded in mystery.
South Korean Crypto Exchange Eyes NASDAQ
BAM, the South Korean crypto exchange founded in 2014, announced its plans for review and listing on the US NASDAQ by 2025. This move signifies a major step towards international recognition and expansion for the exchange. In the latest shareholders’ meeting, Alamite Aenai of the UK pleaded guilty to operating a crypto ATM, marking the first conviction of its kind in the UK. Aenai could face up to 26 years in prison.
The listing on NASDAQ would not only enhance BAM’s credibility but also provide it with access to a broader pool of investors. This strategic move could potentially increase its market share and influence in the global crypto market. However, the legal issues surrounding Aenai highlight the regulatory challenges that crypto exchanges continue to face worldwide.
Ethereum’s Path Forward
Ethereum co-founder Vitalik Buterin released a new blog post with alignment suggestions aimed at uniting all members of the Ethereum ecosystem. Buterin warns that without these measures, there is a risk of diverging from the collective vision. His proposal is seen as a crucial step in ensuring the long-term sustainability and growth of Ethereum.
The suggestions include fostering collaboration among developers, improving the network’s scalability, and enhancing security measures. By addressing these key areas, Buterin aims to solidify Ethereum’s position as a leading blockchain platform and prevent fragmentation within its community.
Ohio’s Crypto Tax Bill
In a significant political move towards broader adoption of digital assets, an Ohio State Senator introduced a bill that would allow state residents and businesses to pay their taxes using cryptocurrencies, including Bitcoin. This initiative is part of a growing trend among governments to integrate digital currencies into their financial systems.
If passed, the bill could pave the way for similar legislation in other states, further legitimizing the use of cryptocurrencies in everyday transactions. The potential benefits include increased convenience for taxpayers and a more efficient tax collection process for the state.
