'Forget a pivot' — markets won't see Fed rate cut boost in 2023, says analyst

Bitcoin, stocks or else, there is now no light at the end of the Fed rate hike tunnel in 2023, says Jim Bianco.

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Robert Kiyosaki calls Bitcoin a ‘buying opportunity’ as US dollar surges

The best-selling author of Rich Dad Poor Dad has tipped Bitcoin and two other commodities as buying opportunities, noting a U.S. dollar crash could occur by January.

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Ethereum network is at ‘pivotal moment’, says BTC Markets CEO

Caroline Bowler, the chief executive officer of Australian-based digital asset exchange BTC Markets, says Ethereum (ETH/USD) is peering at what could be the most pivotal moment in crypto and for the blockchain network.

Bowler commented on the imminent “Merge” upgrade while speaking to “Bloomberg Daybreak: Asia” on Friday.

“So this is a really pivotal moment for the Ethereum network. As we know this is the second largest cryptocurrency by market cap and is also known as the utility platform. This is the layer upon which the blockchain economy is going to be built. The importance of this … to use an analogy to regular life, would be as if you’re trying to change the engine of a plane mid-flight.”

The BTC Markets CEO noted that while the Ethereum network is “pivoting away from the proof of work consensus mechanism”, the merge is not just about flipping to a totally different type of consensus model. It’s also about laying the foundation for a complete overhaul of the ecosystem, especially in the quest for higher scalability, and cutting the environmental impact of PoW mining.

Ethereum co-founder Vitalik Buterin noted that even with the merge, the network’s development would only be around 55% complete. So, vulnerabilities and such other unforeseen circumstances could expose the network. Read more here.

But despite there being potential potholes, Bowler says the switch remains audacious and that the risks involved even in an untested environment, are worth taking.

“They pull off this successfully, it is going to become the flag bearer for the block chain economy,” she added.

Post-merge developments will enhance Ethereum’s robustness and see more and more business tap into and build on the PoS network. And with the growth cycle, the expectation is that the price of ETH will begin to rise.

Bowler’s comments come after Ethereum’s latest testnet Goerli, the third and final testnet before the highly anticipated Merge. The activation of Goerli added to previous testnet Ropsten and Sepolia – all successful and bringing Ethereum on the verge of the Merge going live. That event is expected in September.

The post Ethereum network is at ‘pivotal moment’, says BTC Markets CEO appeared first on Invezz.

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Saga CEO delves into the cryptocurrency industrys pivot towards GOP at ETH Denver

The executive from Saga recently delved into the transformation occurring within the cryptocurrency industry during the GOP-ETH Denver event. Saga’s representative shed light on the evolving landscape of crypto markets, emphasizing the importance of understanding the industry’s shifting dynamics. The discussion at GOP-ETH Denver highlighted the growing relevance of decentralized finance (DeFi) and the impact [...]

The post Saga CEO delves into the cryptocurrency industry’s pivot towards GOP at ETH Denver appeared first on Crypto Breaking News.

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