Bittime - Today is celebrated as Bitcoin Pizza Day. There is also news about Bitcoin price predictions, spot Ethereum ETFs, airdrops, and alleged NFT fraud. The following are the highlights of today's crypto news, May 22, 2024.
Bitcoin Pizza Day
Every year, May 22nd is an important moment for the world of crypto assets, namely Bitcoin Pizza Day, a day that marks an important and unique moment in the history of digital assets.
14 years ago, on May 22 2010, a programmer named Laszlo Hanyecz made a transaction that went down in history as the first purchase of pizza with Bitcoin.
This transaction marks an important moment in Bitcoin's journey because it is the first economic transaction using this crypto asset.
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Bitcoin Price Prediction
Geoff Kendrick, head of foreign exchange and digital assets research at Standard Chartered Bank, estimates that Bitcoin prices will reach a new all-time high this weekend, surpassing the $73,798 level reached on March 14.
Kendrick not only predicts an increase in Bitcoin prices in the near future, but also sets ambitious price targets for the long term. He predicts Bitcoin prices will reach $150,000 by the end of 2024 and $200,000 by the end of 2025.
Grayscale and Ethereum Spot ETFs
Grayscale Investments has announced a change in strategy in an effort to gain approval from the United States SEC for a spot Ethereum ETF.
Grayscale previously planned to launch a spot Ethereum ETF that would allow investors to invest in Ethereum without having to buy and hold coins directly.
However, the SEC has delayed the approval of spot Ethereum ETFs several times. Grayscale has now decided to remove the staking option from its spot Ethereum ETF. This change in strategy is expected to increase the chances of approval by the SEC.
Also Read: US SEC Gives Green Light to Ethereum Spot ETF?
Mocaverse Shares MOCA Airdrop
Mocaverse, Animoca Brands' Web3 metaverse project, announced MOCA token airdrop details. Through an announcement on Twitter, Mocaverse said that Moca NFT and Moca ID holders are entitled to a share of this MOCA token allocation.
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Rabbit's Alleged NFT Fraud
YouTube investigator Coffeezilla accused an AI company called Rabbit of planning and covering up an NFT fraud scheme. Coffeezilla revealed that Rabbit was previously known as Cyber Manufacture Co. managed to raise $6 million in funding for an NFT project called Gama.
However, Coffeezilla questioned the use of the $6 million raised for Gama. He also expressed his concerns about Rabbit's R1 project, which was also suspected of experiencing overhyping problems and was suspected of being an AI fraud scheme.
The alleged fraud revealed by Coffeezilla against Rabbit is an important reminder to always verify information before getting involved in an NFT project.
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How to Buy Crypto with Bittime
You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
Bitcoin Price Predicted to Hit New Record This Weekend!
Mocaverse Shares MOCA Airdrop for NFT and Moca ID Holders!
Beware of NFT Fraud! Coffeezilla Dismantles Rabbit's Alleged NFT Scam Project
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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