The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
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Ridgewood NJ, President-elect Donald Trump has named former Securities and Exchange Commissioner (SEC) Paul Atkins as his pick to succeed Gary Gensler as the agency’s chair. The announcement comes as Gensler prepares to step down on Inauguration Day, making way for a leadership change that could reshape the regulatory landscape for digital assets and capital markets.
A recent report by Bernstein Research predicts that Bitcoin (BTC) could reach as high as $200,000 by the end of 2025. The 160-page analysis, called the “Black books,” says that Bitcoin miners will continue to combine their operations.
Bernstein also expects Wall Street will hold more Bitcoin than its creator, Satoshi Nakamoto by the end of 2024.
Matthew Sigel, head of digital asset research at VanEck, pointed out that “ten global asset managers now own ~$60Bn wrapped as regulated [exchange-traded funds] compared with $12Bn in September 2022.”
Continue reading Bitcoin Could Hit $200,000 by 2025: Bernstein Report
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Harrisburg PA, Pennsylvania’s House of Representatives has passed House Bill 2481 with strong bipartisan support, establishing regulatory clarity for digital assets. The bill protects self-custody rights, ensures Bitcoin payment capabilities, and provides explicit tax guidelines. The Satoshi Action Fund created the bill as part of a wider national effort. The bill will move to the Senate after the election. 12% of Pennsylvania’s population owns digital assets.
Continue reading Pennsylvania House Passes Bill to Bring Regulatory Clarity to Digital Assets
Today, the whole crypto community is closely watching Bitcoin halving countdown, anticipating the next big event in the crypto landscape. This event happens every four years, and every time, the reward for mined blocks is reduced twice. This article explains BTC halving and its possible implications.
Continue reading What is a Bitcoin Halving, and How Does It Affect the Market?
Anyone who is even remotely familiar with the crypto world is going to tell you that the market has experienced serious expansion over the past couple of years. One of the biggest reasons for this is that a lot of people practically run to it because they perceive it as extremely lucrative.
Continue reading Riding the Waves: Forecasting Volatility in the Crypto Market
Many people don’t understand what mining is and what the principle of mining is, especially now that most people no longer use traditional mining (using mining machines), but enter cloud computing mining. Especially newcomers who have just started know little about mining.
Continue reading BTC Mining Beginner’s Successful Plan to Make $5,000 a Day in 2024
In recent years, there has been a significant increase in interest and investment in cryptocurrency worldwide. However, alongside this rise in popularity, doubts and misconceptions about the viability of digital currencies have emerged.
Continue reading Debunking Myths: Addressing Misconceptions about the Viability of Cryptocurrency
Cryptocurrency enthusiasts and investors are constantly seeking new ways to understand and engage with blockchain networks. One such blockchain network that has garnered significant attention is BNB Chain. This article delves into the fascinating insights that BNB Chain explorer offers, providing you with a comprehensive view of its capabilities, utility, and the broader blockchain ecosystem it operates within.
Continue reading From Data to Discovery: BNB Chain’s Fascinating Insights
Are you ready to dive into the exciting world of cryptocurrency? As digital currency continues to gain popularity, now is the perfect time to learn about this ever-evolving market. Whether you’re a curious beginner or an experienced trader, there’s no denying the potential of cryptocurrencies like Bitcoin and Ethereum. But before you jump in headfirst, it’s important to understand the basics and have a solid strategy in place.
Continue reading Entering the World of Cryptocurrency: Here’s How to Prepare
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Ridgewood NJ, SEC Chair Gary Gensler faced criticism from lawmakers regarding his crypto regulation approach during a House hearing. He was questioned about the classification of bitcoin, how that compared to other assets like Pokemon cards, and the approval of bitcoin ETFs. Lawmakers also expressed concerns over Gensler’s transparency with Congress, especially regarding interactions with crypto exchange FTX.
Continue reading Congress Puts SEC Chair Gary Gensler Under the Gun
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Ridgewood NJ, a US federal court ruled that the SEC acted unfairly in denying Grayscale’s request to turn its Grayscale Bitcoin Trust product into an ETF. The long-awaited decision gave a big boost to prices across the board in the crypto market and even to crypto-related public equities like Coinbase. While the ruling was favorable, it still doesn’t guarantee immediate ETF approvals. Not only does this help Grayscale’s case as it tries to launch an ETF, but it also likely increases the chances that the spot BTF applications from TradFi giants like Blackrock and Fidelity will go through as well.
Did you know that you can use cryptocurrency to buy your morning coffee? If you’re short on cash, you can use it to purchase your groceries and subscription services.
For those with a large amount of cryptocurrency sitting in their digital wallet, buying a car with bitcoin is within the realm of possibility. While cryptocurrency tends to be more popular with luxury dealerships, the more standard ones are starting to get on board as well.
Continue reading What to Know About Buying a Car with Bitcoin
The cryptocurrency market includes an enormous number of different projects. It is difficult to pick those worthy of attention among them. The first thing you should pay attention to is listing on large crypto platforms. If a project’s token or coin is traded on Binance, WhiteBIT, or any other credible crypto exchange, it is a sign that the project deserves attention. One of such crypto project is 1inch. This article will consider what it is all about, find out the 1inch crypto price, and see what experts think about its future prospects.
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Ridgewood NJ, the release from the White House on digital assets seems to “kick the can down the road” according to the CEO of the Crypto Council for Innovation, Sheila Warren.
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Washington DC, the White House published its first-ever framework on crypto regulation, which explores how should the U.S. financial services industry develop to facilitate borderless transactions while minimizing fraud in the crypto space. The framework comes six months after U.S. President Biden urged government agencies to review the risks and advantages of digital assets and report their findings.