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Peter Davis

An writer at FOMOdrive

  • Jul 28, 2023
  • 3 min read

Bitcoin predicted to fall in the third quarter

Bitcoin physical coin with candlestick downtrend chart

A US presidential candidate purchased 14 Bitcoin for his children.

The US House of Representatives' committee has approved a bill that would impose regulations on the cryptocurrency market.

Ripple is gearing up for a legal battle with the SEC in court.

In order to address crimes related to cryptocurrencies, South Korea has implemented various measures.

In Spain, the inaugural crypto fund was launched.

Tim Draper, a well-known venture capitalist, has predicted that in the future, bitcoin will be a formidable rival to traditional banking systems and government-issued fiat currencies. He likened BTC to the emergence of the Internet, which is now ubiquitous.

According to analyst Fieru Trading, the third quarter of the year is expected to be a difficult one for bitcoin. Historically, the cryptocurrency has seen a decline in value during this period of time before halving, sometimes even dropping by more than 20%. Fiery Trading does not rule out the possibility of BTC dropping to $25,000.

The 21st Century Financial Innovation and Technology Act and the draft “Blockchain Regulation Law” were both approved by the U.S. House of Representatives Financial Services Committee. These documents have now been sent to all committees of the House of Representatives for consideration, and if approved, will then need to be passed by the Senate.

Stuart Alderothy, Ripple's Chief Legal Officer, declared that the company is prepared to oppose any attempts by the US Securities and Exchange Commission (SEC) to re-examine the court's ruling to allow the sale of XPR in secondary markets.

Robert Kennedy Jr., a Democratic presidential candidate, revealed that he had purchased 14 BTC - two for each of his seven children. He described bitcoin as a way of bringing innovation back to America.

A&G, a Spanish banking organization, has become the first to launch a crypto fund in Spain. This hedge fund is available to professional investors.

Securitize has issued security tokens for the shares of the Spanish real estate fund Mancipi Partners on the Avalanche blockchain, marking the first time the platform has issued instruments in Europe. Prior to this, Securitize had worked with companies from the US and Japan.

Despite losing $3.7 billion in the second quarter, Metaverse CEO Mark Zuckerberg has stated that the company has no intention of ceasing the development of metaverses, despite the losses and the public's shift in focus to artificial intelligence (AI).

In an effort to combat crimes related to cryptocurrencies, the South Korean government has implemented several measures. These include the monitoring of crypto exchanges and a collaborative effort with the United States to tackle North Korean hackers.

MistTrack has concluded that the North Korean hacker group Lazarus is likely responsible for the simultaneous hacks of Atomic Wallet, CoinsPad, and Alphapo.

At the upcoming BRICS summit on August 23-24, Robert Kiyosaki believes that a momentous event will take place: the de-dollarization of the world. He is encouraging people to be prepared for it.

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