The British bank believes that the upcoming US presidential election could trigger a new bull run for the price of Bitcoin. This and more news in this practical summary daily so that you are always informed with events most recent that occur within the crypto world.
Standard Chartered released new Bitcoin price prediction
📍Amid renewed interest in Bitcoin spot ETFs and the proximity of new US elections, Standard Chartered argued that the price of Bitcoin could touch $150.000 by the end of the year. The British bank believes that the market-leading cryptocurrency will be greatly favored if presidential candidate Donald Trump wins the country's next presidential election, which will take place in November.
According to Standard Chartered, the bitcoin price could rise to $150.000 per unit, driven by Trump's friendly stance toward cryptocurrencies.
Geoffrey Kendrick, head of digital asset research at Standard Chartered, told The Block that Trump is being much more favorable to the development of the crypto industry than the country's current administration. This could be relevant to the upcoming election results, especially considering that the digital asset sector has been gaining greater importance within the US political environment.
Recently, Paradigm published a study that suggests that cryptocurrencies have become increasingly important to voters, who expect politicians who lead the country to know about the innovation of this new asset class. Also, Grayscale noted that the number of Americans who want to invest in cryptocurrencies is constantly growing and that a large majority believes that politicians should be more receptive, in order to understand this digital innovation and encourage its development.
COPA demands legal expenses from Craig Wright for his latest trial
📍Computer entrepreneur Craig Wright lost the trial in the United Kingdom against COPA, the organization that defends the freedom of Bitcoin and the crypto industry. COPA sued Craig Wright for proclaiming himself Satoshi Nakamoto, the creator of Bitcoin, without having proof of it. As expected, by not being able to prove his claims and even having presented a large number of falsified evidence, the businessman lost the legal battle against the organization, which managed to bring down the web of lies that Wright had built to deceive the courts. about the creation of cryptocurrency.
Now, COPA, an acronym for Crypto Open Patent Alliance, is demanding Craig Wright bear most of the costs of the trial that took place in the United Kingdom. According to the organization, the businessman must assume 85% of the legal costs related to the case. COPA submitted an application about this to Judge James Mellor, who took the case and ruled that Wright is not the real Satoshi Nakamoto or the creator of Bitcoin and that he had deliberately and extensively lied to the courts.
In addition to demanding payment of the legal expenses incurred by COPA for the trial, the organization is also asking the British judge to impose a restraining order against Wright, to prevent the businessman from opening new lawsuits and retaliating against the developers. of Bitcoin, against which he has made countless legal threats.
Jonathan Hough, legal representative of COPA, said there is enormous public interest in putting an end to Craig Wright's lies about being the creator of Bitcoin. From its official website, the organization thanked to his collaborators and donors in the case.
Hong Kong promotes Web3 in Europe
📍According to a post by crypto blogger Colin Wu, Hong Kong authorities have been meeting in Europe to boost Web3 innovation. According to Wu, Christopher Hui, secretary of financial services and the treasury of Hong Kong, has met with officials from the Netherlands, Spain and Portugal, with the aim of highlighting the financial innovation that the Chinese city is promoting, relying on the use of new technologies, such as blockchain, cryptoassets and Web3.
The crypto blogger too reported that Hui's visit to Europe seeks to promote the construction of an innovative and efficient digital financial ecosystem, which accelerates its development and growth.
Hong Kong has been striving to establish itself as a global cryptocurrency innovation center. Recently, the city committed to promoting the financial innovation of decentralized finance (DeFi), one of the fastest growing verticals of the Web3 industry.
Nearly $6 million recovered from Ronin Bridge
📍The company that develops the Ronin network, Sky Mavis, reported that it had recovered $5,7 million from the Ronin Bridge hack. The company shared an update on , which had been stolen from the network in March 6.
Sky Mavis highlighted that authorities had frozen and returned a total of $5,7 million lost during the Ronin Bridge hack. A portion of the recovered funds, approximately 15%, “will be used to cover the costs and expenses incurred by those involved in the recovery efforts,” the company said, while the remainder of the recovered funds will be deposited in the treasury of Axie Infinity.
So far, authorities have frozen around $40 million involved in the Ronin Bridge hack, although Sky Mavis argued that it did not have enough information to determine the timeline for unlocking and returning these frozen funds.
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