In this week’s top crypto news, Elon Musk talks about making social media platform X into something of a financial monolith, Bitcoin.com News celebrates the 15-year anniversary of the Bitcoin white paper with a look at Satoshi’s seminal and groundbreaking work, and more exchange-traded fund (ETF) predictions emerge. This and more, just below, in the latest Bitcoin.com News Week in Review.
Elon Musk Unveils Plan to Turn X Into ‘Powerful’ Financial Platform — ‘You Won’t Need a Bank Account’
Billionaire Elon Musk has revealed that he is turning his social media platform X, formerly Twitter, into an all-encompassing financial platform. “When I say payments, I actually mean someone’s entire financial life … If it involves money. It’ll be on our platform,” he claimed, emphasizing: “You won’t need a bank account.”
SEC Wants $770 Million From Ripple — Lawyer Says SEC Is ‘Pissed and Embarrassed’
The U.S. Securities and Exchange Commission (SEC) reportedly wants Ripple to pay a $770 million penalty for violating securities laws. Crypto lawyer John Deaton explained that the securities regulator is “pissed and embarrassed” after it lost several legal battles against the crypto firm.
Celebrating 15 Years of Bitcoin: Unraveling Satoshi Nakamoto’s Seminal White Paper
Fifteen years ago, on a memorable Halloween night, Satoshi Nakamoto introduced the world to Bitcoin through a white paper that laid the foundation for decentralized digital currencies. Published on a cryptography mailing list, this seminal document provided a comprehensive solution to the long-standing double-spending problem without the need for a trusted third party.
Analyst Predicts Bitcoin Price Rising to $150,000 by 2025 — ‘Imminent’ Approval of Spot Bitcoin ETFs Expected
Global asset management firm Alliance Bernstein expects the price of bitcoin to reach $150,000 by 2025. The firm’s analyst has predicted “imminent” approvals of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC), including those by leading asset management companies like Blackrock and Fidelity.
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