Alex Dovbnya

Russia

News Reporter at U.Today

cryptocurrency expert, trader and journalist @Utoday_en - all views are my own

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Articles

'Rich Dad Poor Dad' Author: Bitcoin Will Be $1 Million Per Coin

1 week ago | u.today | Alex Dovbnya

In a recent social media post, "Rich Dad Poor Dad" author Robert Kiyosaki predicted that the price of Bitcoin, the leading cryptocurrency, could potentially surge to $1 million before 2030. At the same time, the prominent financial commentator stressed that inventors have to actually focus on the quantity of the leading cryptocurrency that they continue to hold instead of the price itself.
Ford Joins Cardano-Based Project: Details

1 week ago | u.today | Alex Dovbnya

Cardano-based decentralized cloud service Iagon has announced that legendary car manufacturer Ford will act as an advisor for the project that aims to tackle issues that are associated with handling documents. Large corporations of the likes of Ford produce large volumes of sensitive legal data that includes depositions, court records, and so on. However, such data tends to be scattered across different systems and teams. It is challenging to actually use that data due to inefficient management.
Fidelity: $360 Billion Worth of ‘Sleeping’ Bitcoin Is Taking Over

1 week ago | u.today | Alex Dovbnya

Fidelity Digital Assets, the cryptocurrency arm of mutual funds giant Fidelity, has highlighted the increasing impact of Bitcoin's "ancient" supply, which has not moved in more than a decade. According to Fidelity, it is now outpacing the daily issuance of Bitcoins (566 coins and 450 coins, respectively). The total value of the ancient supply has now ballooned to a whopping $360 billion at current prices.
Breaking: Bitcoin (BTC) Reacts to Fed's Latest Rate Decision

1 week ago | u.today | Alex Dovbnya

Bitcoin (BTC), the leading cryptocurrency, is hovering above the $104,000 level after the U.S. Federal Reserve decided to keep the benchmark interest rate unchanged for the fourth time in a row. The decision was widely expected by the market, which explains why Bitcoin is currently experiencing little volatility. The Fed has left rates unchanged, as expected.
Top Bitcoin Trader Closes All Long Positions After Massive Losses

1 week ago | u.today | Alex Dovbnya

AguilaTrades, a well-known cryptocurrency trader who gained prominence after making $77.36 million in profits over the past year alone, has closed all of his long positions after suffering a dramatic losing streak. Recently, AguilaTrades opened a large long Bitcoin (BTC) position on Hyperlinquid, a popular derivatives trading platform. The bet misfired, with the trader losing more than $12 million.
Ripple CEO Reacts to Passage of Stablecoin Bill

1 week ago | u.today | Alex Dovbnya

Ripple CEO Brad Garlinghouse has reacted to the passage of the GENIUS Act, calling it "a truly historic moment." Garlinghouse has noted that this is the first major financial bill since Dodd-Frank. The cryptocurrency industry has spent years clamouring for clear rules of the road, he recalls. The major stablecoin bill, which aims to bring regulatory clarity to the burgeoning sector, was passed in the Senate on Tuesday with a vote of 68-30.
Major Spanish Bank Endorses Bitcoin

1 week ago | u.today | Alex Dovbnya
Ripple Says Negotiated Settlement Levels the Playing Field

1 week ago | u.today | Alex Dovbnya

Enterprise blockchain company Ripple has filed a supplemental letter in support of its motion for an indicative ruling. Ripple argues that approving the recently negotiated settlement would place the company "on more comparable footing" compared to other industry participants. "...the settlement would also place Ripple on more comparable footing with other industry participants whose cases were dismissed much earlier in their lifecycle as a matter of SEC discretion," the letter said.
Breaking: XRP ETF from $1.4 Trillion Giant Faces SEC Delay

1 week ago | u.today | Alex Dovbnya

The U.S. Securities and Exchange Commission (SEC) has delayed making a decision of the spot XRP filing proposed by $1.4 trillion giant Franklin Templeton. The SEC was initially expected to announce its decision on May 3, but the deadline was then formally extended to June 17. The holders of the fourth-largest cryptocurrency by market cap should not read too much into the most precedent postponement since it is a rather mundane procedural step.
Bitcoin 'Long Way' from Becoming Reserve Currency, Analyst Predicts

1 week ago | u.today | Alex Dovbnya

During a recent CNBC interview, Eric Golden, Canopy Capital founder and CEO, stated that Bitcoin, the leading cryptocurrency by market cap, was "a long way" from becoming the world's reserve currency. "We are a long, long way from seeing that happen," he told the hosts of CNBC's "Squawk Box" earlier this Tuesday. That said, Golden is convinced that crypto is "a really fascinating" vehicle that makes sense in people's portfolios.