Anthony Scaramucci, an influential figure in politics and finance, foresees BlackRock gaining approval for a spot Bitcoin ETF by the first half of 2024. This prediction follows his early investment in BlackRock’s Bitcoin trust. Scaramucci believes this development will trigger a substantial surge in institutional investment, potentially injecting $100 billion into the cryptocurrency market. Scaramucci predicts a substantial surge in Bitcoin’s value, potentially taking it from a $600 billion asset to a staggering $600 trillion if it grows 11-fold from its current price of around $30,000.

Amid growing expectations of a spot Bitcoin ETF approval, Robert Kiyosaki, the renowned author of “Rich Dad Poor Dad,” forecasted the potential for Bitcoin’s BTC/USD price to surge to $135,000.

What Happened: On Friday, Kiyosaki took to X (formerly Twitter) to share his latest thoughts on the financial markets, sparking a buzz in the cryptocurrency community. 

The renowned author began by drawing attention to the precious metal market, specifically Gold, stating that it is on the cusp of a significant breakthrough as its price edges closer to the $2,100 mark. 

He stated that Gold could continue its upward trajectory, eventually reaching a remarkable value of $3,700, making it…

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Bitcoin and the Dollar operate on vastly different principles. Bitcoin is a decentralized digital currency, created mathematically and maintained through energy-consuming verification processes. It boasts the ability to move funds without geographical limits. In contrast, the Dollar, a centralized currency, is printed by banks and has restrictions based on borders. Its use in financial transactions comes with regulatory oversight and specific reporting mandates. As the financial world evolves, understanding the core attributes of both is essential for informed decision-making.

Prosecutors in the ongoing trial of FTX founder Sam Bankman-Fried have likened defense arguments to a scene from the comedy movie “Dumb and Dumber.” The trial, presided over by Judge Lewis Kaplan in Manhattan, centers on alleged fraudulent activities by the cryptocurrency exchange.

The prosecution objected to several jury instructions provided by the defense team, CNBC reported. One particular directive reminded prosecutors of the 1994 comedy, leading to the analogy.

The defense argues that FTX customers, after depositing funds, received a credit to transact on the exchange, and therefore retained the right to request an equivalent withdrawal at a later time. Prosecutors,…

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Robert Kiyosaki forecasts bullish trends for gold, Bitcoin, and silver. He predicts gold will surpass $2,100, Bitcoin will reach $135,000, and silver will jump from $23 to $68 an ounce. He urges savers to be cautious and advises friends to be alert to market shifts.

Yesterday’s FinCEN rule proposal is incredibly overbroad, comprehensive, and perfectly designed to allow arbitrary information collection at any scope they choose to enforce. It truly is a mind-blowingly large grab attempt at private information of anyone they can get their hands on. They want all regulated entities — VASPs, banks, financial institutions or entities like casinos, etc. — to by default submit reports of any transactions interacting with mixing within 30 days of noticing the relevant transaction and its association to mixing activity. Currently, most exchanges and businesses keep these records anyway, but they do not by default send copies of them to regulators unless…

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In a move towards greater transparency, Tether Holdings, the entity behind the stablecoin Tether USDT/USD, is said to be revising its approach to publishing reserve data reports.

As the crypto community gears up for Benzinga’s Future of Digital Assets conference on Nov. 14, this development from Tether will likely be a discussion topic. The conference aims to address the evolving landscape of digital assets, and 

Paolo Ardoino, soon to be the CEO and currently the chief technology officer of Tether, was quoted by Bloomberg on Oct. 20, stating the company’s intention to “publish reserve data in real-time in 2024.”

While Tether had yet to officially comment on this, its transparency page…

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Bitcoin BTC/USD was leading the crypto sector higher during Friday’s 24-hour trading session amid optimism that the approval of a spot Bitcoin ETF is on the horizon.

BlackRock and Fidelity introduced changes to their spot Bitcoin ETF submissions at the beginning of the week, while Grayscale filed an S-3 application as part of its efforts to secure similar approvals.

From a technical analysis perspective, Bitcoin was attempting to break up from a triple inside bar pattern. Ethereum and Dogecoin were unable to break up above their Oct. 16 high, causing the cryptos to remain trading in symmetrical triangle patterns.

A symmetrical triangle pattern is created when a stock forms a series of…

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1. MetaMask: MetaMask is not just a wallet; it’s a bridge that allows you to run Ethereum dApps right in your browser. This wallet is designed as a browser extension and offers an intuitive interface. Availability: MetaMask is available for download on both the Apple App Store and Google Play.
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