Peter Schiff Doubts Bitcoin ETF Demand & $100K Price Target

Peter Schiff, known for his support of gold, has expressed skepticism towards rosy Bitcoin price forecasts reaching $100,000 during the current market uptrend. Schiff, who is well-known for his criticism of Bitcoin and its real-world uses, didn’t miss an opportunity to poke fun at the growing interest in Bitcoin caused by recently launched spot Bitcoin … Read more

Bitcoin Depot’s Revenues Unaffected by Volatile Prices

Bitcoin Depot, in its latest annual report filed on April 15th, revealed that their earnings aren’t influenced by Bitcoin’s price fluctuations, regardless of the unpredictable nature of the cryptocurrency market. In the year 2023, Bitcoin Depot generated an impressive revenue of $689 million. The previous year, 2022, saw a slightly lower revenue of $647 million. … Read more

Barclays, HSBC and Citi collaborate to pilot tokenized deposits in UK

Barclays, HSBC, and Citibank, along with other UK financial institutions, are collaborating on a trial project to introduce deposit tokens using blockchain technology. A number of British banks, such as Barclays and Citigroup, are collaborating on a trial for tokenized deposits to improve the monitoring of banking payments. The UK Finance trade association announced this … Read more