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Peter Davis

An writer at FOMOdrive

  • Aug 28, 2023
  • 3 min read

Bitcoin to surpass $35,000 by the end of 2023 - Tether

It is predicted that Bitcoin could reach a value of up to $35,000 by the end of 2023.

The SEC is appealing the partial loss they experienced in the legal battle against Ripple.

Concern in the US Congress has been raised over the introduction of the stablecoin PayPal.

Over $900,000 was stolen by hackers through a vulnerability in a bitcoin wallet utility.

After announcing a partnership with Microsoft, Aptos has seen a 7% increase.

Michael van de Poppe, the founder of Eight, has predicted that Bitcoin is about to experience a surge in growth. He has encouraged people to take advantage of any dips in the market, as he believes that the "BTC explosion party" will begin once the price breaks out of the $29,700 mark. Van de Poppe also believes that the launch of exchange-traded funds will be a major event that will have a significant impact on the market.

Paolo Ardoino, CTO of Tether, has predicted that Bitcoin could reach a value of $35,000 by the end of 2023.

Better Markets, a non-profit organization, has urged the US Securities and Exchange Commission (SEC) to deny applications to introduce spot bitcoin ETFs, citing "potential risks for investors". Stephen Hall, the legal director, has highlighted that the crypto industry has experienced a staggering $2 trillion in losses, and the main beneficiaries of the cryptocurrency boom are criminals who use them for a variety of unlawful activities.

The U.S. Securities and Exchange Commission (SEC) has informed the Southern District of New York court that it will appeal the partial defeat it has suffered in the ongoing litigation with Ripple. The Office will seek an interlocutory appeal against Judge Analissa Torres' decision and the continuation of summary proceedings. The regulator cited the ongoing lawsuit proceedings against Terraform Labs, where the judge rejected Torres' approach, as the basis for its appeal.

US Congress has expressed "deep concern" over the launch of PayPal's stablecoin. Maxine Waters, a Member of the US House of Representatives, has highlighted the absence of a regulatory framework for such assets.

Despite the fact that the total capitalization of stablecoins has been decreasing for over a year, according to The Block, there is still a lot of positive development in the stablecoin industry.

Aptos, first-tier blockchain developers, have recently announced a multi-year partnership with Microsoft to implement Web3 solutions. This news has caused the Aptos (APT) token to jump 7%.

Experts who are skeptical of security have uncovered a major security flaw in the Libbitcoin Explorer console application for cryptocurrency wallets. This vulnerability allows malicious actors to gain access to seed phrases and steal money, with the estimated damage amounting to over $900,000.

Millions of dollars are potentially in danger due to the discovery of BitForge, a series of vulnerabilities that have been identified by Fireblocks and affect more than 15 popular cryptocurrency wallets.

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