Crypto News
Willy Woo Predicts Bitcoin Market Cap Will Reach Global GDP Levels
Willy Woo, a bitcoin analyst, has given an exceedingly bullish prediction for the price of bitcoin. Woo stated that due to bitcoin’s traits, its market cap has the potential to reach and even surpass global GDP figures in the next two decades. Willy Woo Predicts Bitcoin Market Cap to Exceed Global GDP While individual investorsSource link
Stablecoin Bills in House and Senate Still Need to Mesh on Several Points: French Hill
The U.S. Senate may be fast approaching a final vote on regulating stablecoins, which would be a high-water mark for crypto legislation in Congress, but Representative French Hill said the Senate's bill has some key differences with a similar effort in the House of Representatives, and those would need to be ironed out before it can become law."The bills are substantially similar," said Hill, the chairman of the House Financial Services Committee that has been at the forefront of the congressional negotiation over stablecoins for years, at an Atlantic Council event on Tuesday. "There are some differences that are not insurmountable but do need to be rectified and clarified."Hill said one of the standout differences includes the House's tougher requirements...
Why a Bitcoin Treasury Strategy Is Risky: Analyst
Roughly half of Bitcoin treasuries established by non-crypto companies will be forced to liquidate if Bitcoin falls below $90,000, the Standard Chartered analyst wrote. Source link
Report: Coinbase Knew of Data Leak Months Before $400M Breach
Coinbase was informed of a customer data leak at its outsourcing partner, Taskus, some four months before a significant breach that is expected to cost the company $400 million. Breach Causes 200 Employees to Lose Jobs? U.S. cryptocurrency exchange Coinbase was made aware of a customer data leak at one of its outsourcing companies fourSource link
Trump’s Team ‘Knows Nothing’ About Apparent ‘$TRUMP Wallet’ Launch
A representative of the Trump Organization said the group “knows nothing” about a crypto wallet project called the “$TRUMP Wallet,” despite the app’s branding and claims being tied to the U.S. president.“The Trump Organization knows nothing about this project," a spokesperson for the Trump Organization told CoinDesk.The app, according to its sparse but live website, promises users the ability to hold and trade digital assets. It includes no technical documentation or launch timeline but features a waitlist for early access. Magic Eden, the crypto marketplace reportedly involved in the project, had confirmed the project through a post by its CEO Jack Lu on X. U.S. President Donald Trump has leaned into crypto since reentering the political arena ahead of last...