Crypto Taxes, Peterffy Worried BTC Could Become “Worthless or Banned” – News Week in Review – The Weekly Bitcoin News


In this week’s succinct roundup of the hottest stories from News, a new Finder survey flips previous Ethereum price predictions up a notch, with crypto experts predicting lower long-term prices for the asset. In addition, India calls on G20 countries to integrate cryptocurrencies as part of “automatic exchange of information”, billionaire Thomas Peterffy discusses the investment and future legality of bitcoin, and the SEC Chairman Gary Gensler clarifies the US securities watchdog’s approach to crypto regulation.

Finder Experts Predict Ethereum to Fall to $675 – Long Term ETH Significantly reduced forecasts

A panel of “industry experts” predicted that Ethereum would hit a low of $675 before the end of the year. They have “significantly lowered” their Ether forecast since the start of 2022 and now expect the price of the cryptocurrency to end the year at $1,711 before rising to $5,739 by 2025. and $14,412 by 2030.

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India asks G20 to integrate crypto into global framework

India urges G20 to bring crypto into global ‘automatic exchange of information’ framework

India’s finance minister has called on G20 countries to incorporate crypto as part of the “automatic exchange of information”. More than 100 countries have adopted the common reporting standard in the framework.

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Billionaire Thomas Peterffy Plans to Buy More Bitcoin Despite Concerns BTC Could

Billionaire Thomas Peterffy plans to buy Bitcoin despite concerns BTC Could “become worthless or outlawed”

Billionaire Thomas Peterffy, founder of Interactive Brokers, said he plans to buy more bitcoins if the price of the cryptocurrency hits $12,000. However, he remains concerned that bitcoin could “become worthless or banned”.

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Gary Gensler Outlines What To Expect From The SEC On US Crypto Regulation

Gary Gensler Outlines What To Expect From The SEC On US Crypto Regulation

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has explained what to expect from the securities watchdog on crypto regulation. “We also have strong congressional authorities to use our exemption powers which we can tailor to investor protection,” he explained.

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Keywords in this story

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What’s your take on the hottest stories from News this week? Be sure to let us know in the comments section below.

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