Fun

News Feed - 2023-07-06 02:07:40

Tom Mitchelhill3 hours agoBitcoin bull run incoming: Binance CEO Changpeng Zhao reveals whenBinance CEO Changpeng Zhao delivered his forecast for the next Bitcoin bull run during a Twitter Space on July 5.6941 Total views4 Total sharesListen to article 0:00NewsJoin us on social networksBinance CEO Changpeng “CZ” Zhao has delivered his prediction for the next Bitcoin (BTC) bull market.


In a July 5 “ask me anything” session on Twitter, CZ covered BlackRock"s intention to enter the crypto market, updated listeners about ongoing regulatory action against the exchange, and gave his thoughts on the next bull run.


CZ explained that the price of Bitcoin has historically moved in four-year bull cycles and his best bet was that this would continue to occur. 


While he admitted that he couldn’t see the future, Zhao emphasized the upcoming Bitcoin halving event in 2024 and declared 2025 to be the most likely year for the next bull market, stating:“The year after Bitcoin halving is usually the bull year.“


Asked whether he was concerned about BlackRock’s recent entry into the spot Bitcoin exchange-traded fund arena, CZ welcomed it, saying it is “hugely beneficial” for the crypto industry.


Since the firm’s June 15 filing, many have raised concerns that the intention of major TradFi firms stands in direct contrast to the ethos of Bitcoin as a decentralized monetary network.


Zhao also brushed off concerns that BlackRock could eat up Binance’s market share in the future, describing the overlap between their respective customer bases as “minimal.”“Anyone who’s coming into crypto that’s not in crypto today will bring additional people into crypto. Will they compete for any of the existing users with us? Yes, probably a little bit. But to be honest, look at our user base. The overlap is minimal.”


Zhao explained that increased institutional interest and Bitcoin’s upcoming halving are the two primary reasons why Binance wants to be “prepared for higher [trading] volumes” over the next eighteen months.


Related:Bitcoin ETFs: Even worse for crypto than central exchanges


Zhao’s comments come just hours after BlackRock CEO Larry Fink praised Bitcoin as an “international asset,” saying that it could be used to hedge against inflation and the devaluation of certain fiat currencies.


During the Twitter Space, Zhao was also questioned about the status of regulatory action against his exchange. While he acknowledged that he couldn’t talk specifics, Zhao said that he and Binance are looking for “the most expedient, reasonable and mutually agreeable solution possible.”


Opinion:GOP crypto maxis almost as bad as Dems’ ‘anti-crypto army’# Bitcoin# Cryptocurrencies# Business# Bitcoin Price# ETF# Adoption# Changpeng Zhao# Cryptocurrency Exchange# BinanceAdd reactionAdd reactionRelated NewsHow to create and sell Bitcoin NFTsAccount abstraction will drive a billion users from Asia to Web3: ConsenSys execHow to use ChatGPT like a proSEC can’t find Binance CEO Changpeng Zhao, asks court for ‘alternative service’Why Cathie Wood is bullish on Coinbase stock and believes Bitcoin will reach $1 millionAustralian banks claim 40% of scams ‘touch’ crypto as it defends restrictions

News Feed

Solana struggles: Record 75% of user txs are failing... or are they?
Tom Mitchelhill7 hours agoSolana struggles: Record 75% of user txs are failing... or are they?The Solana network appears to be struggling to keep up with a ravenous demand for memecoins, with data showing roughly 75% of
Huobi Cloud to Offer White-Label Exchange Services in Middle East, Africa
Huobi Cloud, part of the crypto exchange Huobi Group, has announced its plan to provide more local financial institutions with white-label exchange services based on cloud technology in the Middle East and Africa.
MoonPay and Christie’s dip into AI-generated art with new ‘Web3 Tools’
Savannah Fortis9 hours agoMoonPay and Christie’s dip into AI-generated art with new ‘Web3 Tools’More bridges between Web3 and generative AI are being built as the luxury art auctioneer Christie’s and MoonPay unve
Marcel Pechman2 hours agoData highlights Bitcoin’s potential path to $40K amid global economic turbulenceRobust BTC derivatives data indicates strong demand for leveraged longs.3548 Total views36 Total sharesListen to
SEC hit with sanctions for its ‘gross abuse of power’ in Debt Box case
Brayden Lindrea2 hours agoSEC hit with sanctions for its ‘gross abuse of power’ in Debt Box caseThe SEC initially conceded it misled the court but argued a sanction wasn"t appropriate.1744 Total views1 Total sharesLi
Bitcoin Argentina NGO to Take Crypto Education to Schools
Bitcoin Argentina NGO to Take Crypto Education to Schools Bitcoin Argentina, an NGO dedicated to the promotion and expansion of Bitcoin and cryptocurrency in the country, is going
Nigerian Central Bank Says It Will Release New Banknotes in December — Naira Falls to New Low
Nigerian Central Bank Says It Will Release New Banknotes in December — Naira Falls to New Low Starting December 15, Nigerians will be using newly-designed 100, 200, 500 and 1,000
South African Man Charged in U.S. Court for Fraud Involving $28 Million in Bitcoin and Forex
South African Man Charged in U.S. Court for Fraud Involving $28 Million in Bitcoin and ForexA South African man has been charged with fraud in the Maryland District Court for allege
Google Trends Study Shows SHIB Is the Most Popular Crypto in the UK
Google Trends Study Shows SHIB Is the Most Popular Crypto in the UK 22 days ago, Bitcoin.com News wrote about a Coin Insider trends study that combed through Google Trends data in
Dubai virtual asset regulator wants to lift burden on small crypto firms
Ezra Reguerra25 minutes agoDubai virtual asset regulator wants to lift burden on small crypto firmsMatthew White, the CEO of VARA, explained that being regulated is costly, and they are looking for ways to reduce the fin
William Suberg13 hours agoBitcoin price can go ‘full bull’ next month if 200-week trendline staysBitcoin and crypto are in line for a classic breakout should multiple time-tested patterns continue, says analyst Cole
Taiwan prosecutors target 20-year sentences for Ace Exchange suspects
Amaka Nwaokocha12 hours agoTaiwan prosecutors target 20-year sentences for Ace Exchange suspectsAccording to the prosecutors, the scale of losses justifies the sentence recommendation.3069 Total views13 Total sharesNewsO