Opinions | ForkLog

ForkLog 8 09.08.2024

Charles Hoskinson Warns of Bitcoin’s Centralization Risks as a US Reserve Asset

The notion of transforming Bitcoin into a reserve asset for the United States poses significant centralization risks for the cryptocurrency, according to Cardano co-founder Charles Hoskinson, as reported by Cointelegraph. The initiative to potentially use digital gold in such a capacity was proposed by US presidential candidate Robert F. Kennedy Jr., who suggested that the […]

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ForkLog 19 09.08.2024

Bloomberg Predicts Launch of BTC-ETF Options in Q4

The SEC may register options for spot BTC-ETFs in the fourth quarter. The deadline for the decision is September 21, but further steps from the OCC and the CFTC will be required, according to Bloomberg analyst James Seyffart. We think the #Bitcoin ETF options happen in 4th quarter this year. Final deadline for SEC decision […]

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ForkLog 31 09.08.2024

OKX Faces Compliance Challenges in Russia Amid Regulatory Pressures

Star Xu, CEO of the cryptocurrency exchange OKX, is wary of following in the footsteps of former Binance chief Changpeng Zhao, making strict compliance a priority for the platform. This was stated by Blum co-founder Gleb Kostarev. Citing reliable sources within OKX, he noted that a large team is dedicated to compliance issues. Despite the […]

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ForkLog 10 09.08.2024

Bitfinex Identifies Bitcoin as a Safe Haven Amid Recession Risks

Bitcoin has the potential to serve as a safe haven during an economic downturn, even though the broader cryptocurrency market may suffer. This assertion was made by Bitfinex, reports The Block. Experts noted that over the past three months, central banks worldwide have implemented 35 rate cuts. Such a rapid pace reminded them of the […]

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ForkLog 27 07.08.2024

Nassim Taleb Criticizes Bitcoin as Ineffective Market Crash Hedge

The recent market downturn has highlighted the inadequacy of the leading cryptocurrency as a hedge against systemic collapse, according to author and scholar Nassim Taleb in an interview with CNBC. “Bitcoin has once again proven that it does not protect against the melting of your assets,” noted the author of “The Black Swan.” On August […]

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ForkLog 10 07.08.2024

Bitcoin’s Uncertain Path: Analysts Weigh Future Prospects

Following a significant correction, the leading cryptocurrency shows no clear signs of a definitive trend. Experts and market participants are divided on Bitcoin’s future trajectory. Technical analyst and head of Factor LLC, Peter Brandt, believes that digital gold is poised for a major breakthrough. He observes that the coin may be repeating the post-halving pattern […]

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ForkLog 7 06.08.2024

Gold and Bitcoin Serve Distinct Roles in Institutional Portfolios, Says Expert

eToro analyst Josh Gilbert asserts that major investors are unlikely to view the leading cryptocurrency as a safe-haven asset akin to gold. This was reported by Bloomberg.

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ForkLog 12 06.08.2024

Ethereum Developer Criticizes Crypto Industry as a ‘Casino’

Ethereum’s lead developer, Péter Szilágyi, has voiced his disappointment with the cryptocurrency industry, suggesting he may have chosen the wrong field. I often wonder if I’m in the wrong industry. Take SpaceX for example. They send a rocket to Mars? Humanity advances. They fail to send one and blow it up? Humanity learns a lesson […]

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ForkLog 8 05.08.2024

Bitcoin Not to Blame for Market Downturn, Say Experts

“This time, Bitcoin is not to blame,” as the downturn resulted from recession fears in the US and market instability. This was stated by Bernstein analysts, according to The Block. The price of the leading cryptocurrency briefly fell below $50,000, while Ethereum dropped below $2,200. “The initial reaction of Bitcoin as a risk asset is […]

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ForkLog 7 05.08.2024

US Economic Concerns Weigh on Bitcoin, Says 10x Research

The price of the leading cryptocurrency risks remaining below the psychological threshold of $50,000 amid growing concerns about the economic stability of the United States. This is according to a report by 10x Research, as cited by Cointelegraph. Marcus Thielen, the company’s founder, noted that the manufacturing sector’s business activity index (ISM) recently showed a […]

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ForkLog 9 05.08.2024

Experts Identify Bitcoin Support Levels and Growth Conditions

The cryptocurrency market downturn that began on Saturday, August 3, continued into Monday, August 5. At the time of writing, Bitcoin’s price stands at $52,475, having dropped more than 24% in a day, according to CoinGecko. Ethereum lost 20% over the same period, trading at $2310. ForkLog consulted experts to discuss the reasons behind the […]

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ForkLog 22 02.08.2024

VanEck CEO Predicts Bitcoin Could Reach $350,000

The maturation of the leading cryptocurrency will eventually see its market capitalization reach half that of gold, according to VanEck CEO Jan van Eck in an interview with Fox Business. VanEck CEO: Bitcoin will hit $2.9M by 2050https://t.co/V3QLjWk3WG — FOX Business (@FoxBusiness) August 1, 2024 Based on the current market capitalization of gold, this forecast […]

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