Participants of the Polymarket forecasting platform made bets on the likely bitcoin rate in August 2024. 48% of users believe that the price of BTC will fall below $60,000. According to the information provided by the platform, 26% of customers bet that the value of bitcoin will drop to $55,000. 12% of users assume that the price of BTC will collapse to $50,000. Another 4% of Polymarket participants were extremely pessimistic, believing that bitcoin is due for a correction to $45,000. Historically, August, as well as September, are considered the weakest months for BTC.

BitMEX co-founder, Arthur Hayes, argues that bitcoin offers more attractive investment opportunities than gold in light of the current economic climate. He attributes this to the shift from a unipolar to a multipolar world order, which is affecting the financial infrastructure. Bitcoin's decentralized nature increases its value. At the same time, government actions, such as funding wars and increasing the money supply, devalue traditional currencies, making assets outside the control of governments more attractive. Arthur Hayes notes that bitcoin, backed by blockchain technology, is becoming a modern alternative to gold as a means of saving. He predicts that in the face of inflation and increasing money supply, bitcoin will be the preferred instrument for preserving value.

The former CEO of payment company PayPal and billionaire Peter Thiel said he doesn't see the massive growth of bitcoin starting anytime soon. During the Founders Fund program on CNBC Peter Thiel said that he still has some BTC in his wallets, but not as much as he should have. At the same time, Peter Thiel is not sure when a new batch of buyers will come to the market, as now all eyes are on the results of spot bitcoin ETFs. It is quite possible that the rate will rise by some percentage, but it will be a volatile period with large drawdowns and growth. Peter Thiel invested in bitcoin back in 2014, and recorded a $1.8 billion profit in 2022 before the rate plummeted, but as it turns out, Peter Thiel has become a bit disillusioned with bitcoin, as he initially saw BTC as anarchic, out-of-control money for governments, but people at the FBI say it would be better if criminals used bitcoin instead of $100 bills, so the technology isn't working the way it should.

Hackers hacked into Metallica's social network X account to promote their METAL token on the Solana blockchain. The scammers managed to earn $3 million. In the first tweet posted on behalf of Metallica, the attackers announced that the METAL token would improve fan interaction with the music band. Subscribers were told that the developers of the METAL token have partnered with Ticketmaster, so investors can enjoy discounts of up to 25% on concert tickets, as well as participate in an exclusive token giveaway. The hackers then published another tweet that talked about a partnership with the MoonPay payment service, making it possible for users to buy METAL tokens with credit and debit cards. MoonPay management soon denied the information, saying that they do not support the token: "If someone is offering you a $METAL token, they are not the master of puppets – they’re the master of scams!" About 20 minutes after the hacker tweets were published, the market capitalizat

Despite the decline in the crypto market, Ethereum and a couple of altcoins have received a bullish signal for the long term. Analytical firm Santiment has published new data. According to the report, the supply of some cryptocurrencies to the wallets of major exchanges has decreased. This indicates that users have become less interested in trading and more interested in saving. Among the cryptocurrencies for which this is observed are Ethereum (ETH), Shiba Inu (SHIB) and Chainlink (LINK). The outflow of ETH from exchange wallets from May 27 to now is 8.6%. For SHIB it is 2.4%, for LINK — 2.9%. At the same time, the volume of crypto-assets on the balance sheets of long-term holders has grown. This means investors who hold assets for a year or more. According to IntoTheBlock, over 24 hours the balance on the wallets of long-term ETH holders grew by 1.4%. For LINK the growth amounted to 0.8%, for SHIB — no change. This is a signal of market confidence in the growth prospects of the

Don't be a loser American entrepreneur Robert Kiyosaki is worried about the losers who have not yet bought bitcoin. Now a lot of people wish they had bought bitcoin at $10, but the market is not going to go back, so you should buy BTC at its current value. Bitcoin is expensive, but not as expensive as it may become in the future. Don't be a loser and buy as many bitcoins as you can, urges Robert Kiyosaki. Everyone buys bitcoin at a price they deserve Speaking at the BTC Prague event, Michael Saylor said that he was initially skeptical of bitcoin. When he first learned about bitcoin in 2013, the businessman saw it as something similar to online gambling, which made him refuse to invest in BTC. Now Michael Saylor laments that he missed the opportunity to buy bitcoin when it was worth about $892 and ended up buying it for $9500. The MicroStrategy executive has since become a strong supporter of bitcoin, calling BTC "digital gold" and an independent cryptocurrency f

Tom Emmer, during a speech in the House of Representatives of Congress, protested against the launch of a central bank digital currency (CBDC). According to the congressman, with the help of the digital dollar, federal authorities will be able to access information about citizens' financial transactions. Tom Emmer called CBDC a "surveillance tool" that will help officials track private payments, violating privacy. The congressman cited China as an example, calling the digital yuan a financial system directed against citizens. Tom Emmer believes that the Chinese government is able to spy on its citizens with the digital yuan, and if the digital dollar is launched in the U.S., the same will happen to Americans. The digital dollar could become a burden for the U.S. Federal Reserve System as the central bank takes over the role of commercial banks and gains direct control over individuals' finances. The congressman insists that the Federal Reserve System already consid

Peter Schiff, a well-known financial expert and gold investment advocate, has declared bitcoin a "dead cryptocurrency" despite it trading above $66,000. Peter Schiff is known for his bearish views on the cryptocurrency market. In his opinion, bitcoin has not long left to be "on top", but this time the investor compared the first cryptocurrency not with gold, but with silver. Peter Schiff noted that since April, the growth of bitcoin rate is 2%, and this is too "pale" compared to the growth of silver by 21%. The expert stated: such a low result of bitcoin is a sign of the imminent death of the cryptocurrency. Silver now has a market capitalization of $1.83 trillion, which is $500 billion more than bitcoin's market capitalization ($1.31 trillion). This means bitcoin would have to grow 40% to reach $93,000 and catch up with silver. In the comments, bitcoin supporters objected to Peter Schiff suggesting that he may be selectively using short-term data

Hackers from the Pink Drainer group announced the termination of their activities due to the successful implementation of a plan to steal $85 million in cryptocurrency. The infrastructure used for the attacks will be destroyed, the group promised. Security experts at the MistTrack platform said that criminals are now actively moving stolen assets by converting to MakerDAO (DAI) tokens. Pink Drainer participants provided other criminals with tools to steal cryptocurrencies through social engineering and the distribution of phishing links. As payment, the developers received commissions and interest on the stolen assets. The representatives of the group emphasized that they do not intend to return the stolen funds and thanked the criminal community for their trust and respect. Cybercriminals believe that their departure will not change the situation for the better in terms of security in the market of digital assets, users will continue to believe fraudsters, investing in scam proje

According to a report by analytics platform CoinGecko, in April, the average daily number of transactions per second on the Solana network peaked at 1,504 amid the popularity of memcoins. The researchers pointed out that Solana's network is 46 times faster than Ethereum, and 5 times faster than Polygon, which has the highest average daily number of transactions per second (TPS) among scaling solutions. The report emphasizes that Solana has so far only reached just over 1.6% of its possible maximum capacity of 65,000 TPS. In second place is the Sui network with an average daily number of 854 transactions, which was reached last summer. The relatively fast blockchains that do not support Ethereum virtual machine (EVM) include TON and Near Protocol. BNB Chain and Polygon are leading as the fastest EVM blockchains. According to CoinGecko, nearly all records for average daily transaction counts were set during 2023 and early 2024, driven by increased activity in the onchain driven

🇸🇻 El Salvador's National Bitcoin Office (ONBTC) reported that a mining center located near the Tecapa volcano has mined 473.5 BTC since 2021 through the use of geothermal energy. The power plant located near the Tecapa volcano generates 102 MW of electricity. The mining center located there, equipped with several hundred units, consumes 1.5 MW. 🌋 🌋 ⛏️ The bitcoin mining project was developed by LaGeo. The project was opposed by several environmental organizations, which stated that it would require significant water resources and would be a serious problem for El Salvador. The country's government is trying to raise additional funds to develop bitcoin mining infrastructure by offering tax breaks to investors and continues its policy of buying 1 BTC every day. Currently, the government has 5,750 BTC worth $356 million on its balance sheet. 💰 💰

The CEO of Bitcoin Magazine said that he is actively involved in the work of Donald Trump's headquarters. The magazine is assisting with the preparation of a draft regulation of the crypto market, which, the CEO assures, will turn into a regulatory act if the candidate of the Republican Party of the United States wins. David Bailey tried to convince his subscribers that as soon as Donald Trump becomes president again, positive changes for bitcoin and the crypto market in general will follow on the first day. The head of Bitcoin Magazine promised to publish details about the project in the near future. The businessman said the magazine is launching a fundraiser for Republican presidential candidates, with plans to raise $100 million, including in cryptocurrency. David Bailey made it clear that he is desperately counting on the votes of crypto-enthusiasts: "It's Time for Bitcoin to Elect the Next President" The head of Bitcoin Magazine claims that Donald Trump, unl

Consensys, the operator of the MetaMask cryptocurrency wallet, announced the launch of Smart Transactions. Customers will be able to send transactions to a virtual mempool (short for memory pool ) to simulate transactions. The developers promise that the new feature will help counteract the transfer of data to third parties. Consensys representatives claim that Smart Transactions will help protect cryptocurrency wallet clients from MEV bots and other types of fraud. MEV bots monitor mempools with pending transactions, and are activated when they detect large trades. The bots create two trades at once: one before the detected transaction and one after. As a result, the client falls into the asset price slippage trap and loses his funds. In addition to protecting against MEV bots, the virtual mempool can perform transaction modeling, giving users the ability to receive lower fees for cryptocurrency transactions.

Hong Kong-based venture capital firm Animoca Brands, with participation from Opal Protocol and Saakuru Labs, is launching the BLIF token. The issuer promises that it will be a native coin of the ecosystem of Web3 Games, entertainment and decentralized finance in the Bitcoin network. According to the official announcement from Animoca Brands, the BLIF token created on the Runes standard will become an asset of the Opal Protocol project. The initiative is supported by Magic Eden, Xverse, HorizenLabs and ALEX. Darewise investment product director Vincent Marty admits that the conglomerate of firms will try to grab a share of the Web3 market, whose capitalization is set to grow from $3.19 billion in 2024 to $16.3 billion in 2028. Animoca Brands has announced a partnership with Saakuru Labs, a project developing the Saakuru tier 2 network. Objective: to develop Web3 games.

Popular cryptocurrency analyst Willy Woo believes bitcoin could reach $1 million by 2035. This prediction is obtained by taking the user growth curve for valuation. What is meant here is fair value, not peak value during a bull market frenzy. After bitcoin's emergence, the price didn't catch up with the number of users as quickly. Bitcoin didn't trade at all until it had its thousandth user. It was only after the emergence of cryptocurrency exchanges, the launch of Bitstamp in 2011, that global venues emerged to value the asset. After 2012, the price of BTC largely corresponded to the growth in the number of users. Willy Woo emphasized that right now, bitcoin adoption is still in the early stages. According to him, only 4.7% of people have used bitcoin. This corresponds to the spread of the Internet in 1999.

💰 Robert Kiyosaki, author of Rich Dad Poor Dad, addressed his subscribers on social network X with two pieces of news. The bad news is that the crash has already begun, and it's only going to get worse. The good news: the crisis is the best time to get rich. The entrepreneur advised investors to prioritize gold, silver and bitcoin, emphasizing their enduring value. These assets are resilient during economic turmoil and tend to appreciate even during fluctuations in traditional markets. 🤖 The billionaire advised investors to start their own business out of fear that artificial intelligence could destroy millions of jobs. Therefore, it is better to start a small business and become an entrepreneur rather than an employee who is afraid of losing his job.

Hash Telegraph's sources report that Tether is actively blacklisting wallets and blocking users from accessing USDT stablecoins. Following the events of November 2017, when an unknown hacker stole more than $30 million in USDT stablecoins from a Tether Treasury wallet, the issuer of these stablecoins, Tether announced the release of a new version of its Omni Core software client capable of blocking assets and transactions from blacklisted cryptocurrency wallets. In December 2023, Tether announced an updated blocking policy. From that time until now, the company has been actively blocking USDT holders' access to wallets on the U.S. sanctions watchlist (SDN). Enforcement is monitored by the Office of Foreign Assets Control (OFAC). Tether said that this strategic decision is consistent with their unwavering commitment to maintain the highest standards of security for their global ecosystem and fosters an expanded close working relationship with global law enforcement and regu

Only 3 cryptocurrencies from the top 100 managed to rise in price over the past 30 days. Thus, April 2024 was a negative month for the global market of digital currencies. The best result was demonstrated by the new token Ethena (ENA), whose quotes jumped by 13.5% during the reporting time period. It should be noted that the token Ethena (ENA) lost 13.45% over the past 24 hours. As of the evening of May 1, 2024, the ENA cryptocurrency is trading around $0.78, and its capitalization reaches $1.11 billion. Over the past 24 hours, traders made transactions with the token on the spot market for a total of $448 million. Bitget Token (BGB) and Neo (NEO) rose in value by 2.55% and 1.97%, respectively. All other digital currencies fell in value to varying degrees. The losses of TRON (TRX) were insignificant. This cryptocurrency fell in price by only 0.6%. Also, the prices of such well-known cryptocurrencies as Monero (XMR) and Binance Coin (BNB) fell insignificantly. The digital assets lo

A federal court in Seattle sentenced the co-founder and former CEO of Binance, the world's largest cryptocurrency exchange. One of the richest people in the cryptoindustry got off with four months in prison. During the hearing, U.S. District Judge Richard A. Jones denied the U.S. Department of Justice's request to imprison Changpeng Zhao for three years. The reason: there was no evidence that the defendant had been informed of illegal activities on the stock exchange. Justice Department officials insisted that a suspended sentence for Changpeng Zhao would also be a wrong decision, as such a thing could encourage others to break the law and do so on the largest scale possible. The court agreed with the argument. In his last statement, Changpeng Zhao admitted that he failed to properly build a decent customer verification and anti-money laundering (KYC/AML) system at Binance during his leadership.

Two congressmen from the Oklahoma Senate have proposed a bill that would protect bitcoin holders from increasing regulatory pressure from U.S. authorities. The bill authored by Senators Brian Hill and Bill Coleman proposes to approve the right of every resident of the state to buy, store and sell bitcoins, as well as to engage in the mining of cryptocurrency. The plan is to make cryptocurrency eligible for lower tax levies when it is used as a medium of exchange. However, specific mechanisms for protecting rights and tax rates are not specified in the text of the document, which means that so far the document looks like just a declaration of intentions. According to Dennis Porter, founder of the Satoshi Action Fund, who supported the bill, the document could give Americans the right to protect the fundamental rights to their digital assets. The businessman asked all interested parties to support the initiative so that it becomes law as soon as possible. UPDATE MAY 17, 2024 Oklahom