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Skybridge’s Anthony Scaramucci Predicts China Will Be Back In The Bitcoin Game Before 2025 Ends
In a latest development, Anthony Scaramucci, a pro-crypto businessman and SkyBridge managing partner, predicts that China will embrace Bitcoin before the end of 2025. Lately, the Trump win in the US elections has had a very optimistic effect on Bitcoin and the cryptocurrency ecosystem as a whole. Notably, Trump adopted digital assets while contesting for the November 5 election win, promising to create a US strategic reserve of the asset. The idea gained prominence, with other countries weighing in the President-elect’s stance on Bitcoin. Notably, lawmakers in Canada, Brazil, and Russia have proposed adopting Bitcoin as a treasury reserve asset....
Bitcoin Whales Accumulate 71,000 BTC Amidst Price Dip – Details
The price of Bitcoin has continued a mild recovery in the last 24 hours following the recent price plunge in the first week of July. According to data from CoinMarketCap, BTC is up by 1.11% in the last day as the market bulls appear to gather momentum for a full-price rebound. Interestingly, the on-chain analysis platform, IntoTheBlock has provided some insights into the resilient behaviors of these Bitcoin optimists amidst the current market downtrend. Bitcoin Whales Acquire 71,000 BTC In One Week – Is A Price Rebound On? In an X post on Saturday, IntoTheBlock reported that Bitcoin whales (i.e....
Tech Entrepreneur Suggests Mainstream Companies May Have Adopted NFT Loyalty Programs Prematurely
According to Juan Otero, CEO of the crypto-native travel booking platform Travala, many mainstream companies that attempted to use non-fungible tokens (NFTs) for customer or user loyalty programs may have seized the opportunity prematurely. Otero argued that at the time, Web3 companies had not “even figured out the best ways to use NFTs in loyalty programs.” NFT-Based Loyalty Program Failures Tarnished Tech’s Reputation While their adoption of the technology signaled a positive development for the blockchain industry, the apparent failure of such loyalty programs has tarnished the reputation of NFTs, the Travala CEO argued. However, in his written answers to...
