Billionaire venture capitalist and serial blockchain investor Tim Draper is not giving up on his near-term Bitcoin (BTC) prediction despite the recent issues in the cryptocurrency industry. Draper continues to stick with his optimistic prediction that Bitcoin will hit $250,000 in 2023 despite the ongoing crypto crisis fueled by FTX. “No change in the price prediction. Still $250,000 by early next year,” Draper stated in an interview with Cointelegraph on Nov. 15. The collapse of FTX crypto exchange has nothing to do with the success of Bitcoin because Bitcoin is decentralized, and FTX was not, according to Draper. “FTX was …

Renowned billionaire investor Tim Draper insists that a time will come when women begin driving up the price of Bitcoin as more retailers start offering it as a more cost-effective payment option at shops. Draper, a Bitcoin (BTC) investor himself, told host Scott Melker on the Wolf of All Streets YouTube show last week that women could be key in pushing the largest crypto by market cap up to $250,000 per coin. He reasons that as store owners begin to accept BTC as payment more widely, “all of a sudden, all the women will have Bitcoin wallets and they will …

Every time a new Bitcoin (BTC) all-time high is formed, excessive expectations follow. This time was no different as its price briefly touched $69,000 in the early hours of Nov. 9. Bitcoin 8h, we got our November 9th historical correction, seems to be very minor for now. Naturally I expect at bigger correction after we hit the 84k region, and then into blast off.$BTC #Crypto #Bitcoin pic.twitter.com/cfbBkOIFEK — Miles J Creative (@JohalMiles) November 9, 2021 Words are just words, so there’s no loss from being excessively bullish or bearish, but in options markets there’s a cost for placing those bets. …

With a reputation for being one of the most pro-crypto nations in the world, it comes as no surprise that a vast majority of Singaporeans have invested in cryptocurrency. According to a recent survey from the 2021 Independent Reserve Cryptocurrency Index, 66% of those polled between the ages of 26 to 45 said they owned cryptocurrencies. Coinhako, a Singapore-based crypto exchange, reported a 700% increase in the number of users trading on its platform during the first half of 2021. The platform reported seeing “a greater appetite for crypto from millennials” based on its active customer base, which mainly consists …

A new global cryptocurrency derivatives exchange, Globe Derivative Exchange — or GlobeDX — continued its preparation for the platform's launch by securing another major raise. GlobeDX announced Wednesday that the firm successfully raised $18 million through a new funding round featuring investors like seed money startup accelerator Y Combinator and Tim Draper’s Draper Dragon fund. Other investors included crypto exchange OKEx, Pantera Capital, Republic Crypto, CMT Digital and Wave Financial. Scheduled for launch in early May, GlobeDX will allow users to trade major cryptocurrencies like Bitcoin (BTC) and Ether (ETH), as well as decentralized finance tokens with up to 100x …

Crypto-friendly web browser Opera is expanding its integration of decentralized web pages provided by blockchain domain name provider Unstoppable Domains — a blockchain firm backed by the high-profile Bitcoin (BTC) advocate Tim Draper. On Wednesday, Opera said that users of the browser on any platform — iOS, Android, Windows, Mac or Linux — will now benefit from full, native integration of Unstoppable Domains’ .crypto domain names. The move extends access to decentralized web pages to all of Opera’s estimated 320+ million monthly active users and marks Opera out among mainstream web browsers in supporting a domain name system that is …

Following major sell-offs in cryptocurrency markets amid reports of United States President Joe Biden's capital gains tax rise proposal last week, the Biden administration defended nearly doubling tax levies for only the “very, very richest.” A senior Biden administration official claimed that only 0.3% of taxpayers in the U.S. would be affected by higher levies on their investments under the new capital tax plan. “There’s increasing evidence that over recent years in fact many, many of the returns at the very top are what they call above-market rates of return, rents and so on. Taxing the people who are doing …

Venture capitalist Tim Draper is continuing his bullish talk on Bitcoin in some investment tips for those new to the crypto space. Speaking at the Collision web summit on Thursday, Draper said Bitcoin (BTC) could incentivize governments around the world to compete for the attention and devotion — and seemingly, money — of its citizens. According to the venture capitalist, crypto levels the playing field, so lawmakers will have to choose if they want to make people’s lives better, otherwise they will simply move to somewhere that will. “People are already realizing that they would rather have Bitcoin than fiat …

Netflix may just be the next Fortune 100 company to buy Bitcoin (BTC) and Amazon will have to accept it, says billionaire Tim Draper. In an appearance on the Unstoppable Podcast on Feb. 28, the serial investor and hodler forecast that out of all possible candidates, Netflix is his pick for putting BTC on its balance sheet. Draper: Netflix "might be next big one to fall" "You know who it might be? Netflix," he said. "I think Reed Hastings is a very innovative guy and has a lot of creative thinking and I think he still controls the reins at …

Indian cryptocurrency exchange Unocoin has adopted the blockchain-based Unstoppable Domains, which simplifies crypto transactions by turning blockchain addresses into human-readable web URLs. Announced on Wednesday, the partnership between Unocoin and Unstoppable Domains — both funded by Silicon Valley investor Tim Draper — is expected to reduce remittance costs and simplify the transaction process for the exchange’s 1.2 million users. Unstoppable Domains turns crypto addresses into decentralized websites on the Ethereum and Zilliqa blockchains. Instead of sending coins to a 42-character blockchain address, Unstoppable Domains allows users to create simple URLs ending in “.crypto” and “.zil” extensions. Domain names need only …

The SEC’s recent inquiry into the Tim Draper-backed DeFi Money Market platform is the most recent example in a concerning trend of increasing action by regulators against unregistered securities. As a result of regulatory inquiries, DMM is ceasing operations. mTokens can be redeemed with interest accrued to-date through the following link: https://t.co/mWB1WacKaH — DMM DAO (@DMMDAO) February 5, 2021 It joins Kik Interactive, Ripple and Coinseed as crypto projects facing the wrath of regulators under aspects of securities law. The mystery behind DeFi Money Market’s abrupt closure on Feb. 5 was unveiled in the project’s official Telegram channel on Feb. …

Unstoppable Domains, an Ethereum-based project that allows users to create ".crypto" website URLs, has been integrated into Cloudflare’s Distributed Web Resolver. Following the integration, users will be able to access Unstoppable Domains’ blockchain addresses from any browser. Previously, websites created under Unstoppable Domains’ .crypto extension were only accessible via browsers that had already opted to include access to them. Through Cloudflare’s use of DNS over HTTPS, all web browsers connected to the internet will now be able to access .crypto sites. Whereas traditional domain name providers subject users to yearly renewal fees and control masses of websites via centralized data …