Bitcoin could be worth $ 98,000 in November, as Hillary Clinton thinks crypto will destabilize countries.
In the summary of the highlights of the week in Bitcoin and crypto, we see how the price of the main cryptocurrency in the market could reach USD 98,000 in November as predicted by PlanB. Recall that it is among the most popular analysts in the cryptocurrency community.
PlanB’s model predicts that BTC will tap into six-digit price territory by the end of the year. With the most optimistic prediction at $ 288,000 in the next 60 days. However, its worst-case scenario, which is not based on the S2F model, is modest. He also sees BTC above $ 100,000 by the end of 2021, but the December target is $ 135,000. While that of November is USD 98,000.
Square to launch decentralized crypto exchange on Bitcoin: tbDEX
Jack Dorsey, co-founder, and CEO of Square and Twitter published a white paper detailing plans for Square’s decentralized Bitcoin (BTC) exchange, tbDEX.
Unlike most decentralized exchanges or DEX, tbDEX will not use a trustless model. And therefore, it will not have its governance token. Rather, it is a message protocol designed to facilitate trust relationships without relying on a federation to control access.
Cryptocurrencies could destabilize countries and weaken the dollar as a store of value, according to Hillary Clinton.
Former US Secretary of State and Democratic presidential candidate Hillary Clinton called out against cryptocurrencies on Friday and alerted states to monitor their growth.
Clinton’s comments come in the wake of the controversial cryptocurrency tax reporting requirement included in the bipartisan $ 1 trillion infrastructure bill that US President Joe Biden signed off on Monday.
According to the bill, from 2023, exchanges will have to disclose to the Internal Revenue Service (IRS) the names, addresses, phone numbers, profits, and losses of customers. Entities receiving cryptocurrency payments worth more than $ 10,000 will have to reveal the sender’s identity to the government.
Fidelity received approval to become Canada’s first institutional custodian of Bitcoin.
Fidelity Clearing Canada will become the first Bitcoin trading and custody platform designed for institutions, following regulatory approval from the Investment Industry Regulatory Organization in the country. The move comes as the company declared that the demand for investment in cryptocurrencies had grown considerably.
Fidelity also applied to launch two Bitcoin funds in Canada, a BTC exchange-traded fund (ETF) and a mutual fund tied to the leading cryptocurrency. The future ETF would use the custody services of the company.
Week of talks at laBITconf 2021
Throughout the week, the ninth edition of the BITCconf 2021 was held in El Salvador. A week full of a lot of educational and interesting content offered by specialists within the crypto ecosystem.
