BITCOIN

Peter Schiff, economist and known gold bug, believes that the current price uptick that gold is currently experiencing will extend in the future, surprising stock traders. Schiff stated that gold stocks were the new tech stocks and that Wall Street’s indifference regarding these would lead to massive market capitulation. Peter Schiff Warns of Gold Rally: ‘It’s Real’ Peter Schiff, the chief economist of Europac and gold permabull, believes that a gold bull market brewing will take the precious metal to even higher prices than it reached. Motivated by the recent breakout that took gold prices to break the $2,000 mark on April 4, Schiff stated : Senior miners still need to rise by over 20% and juniors by over 25% to hit new 52-week highs. The divergence is due to negative sentiment. Investors still don’t believe the rally is real. It’s real and will be spectacular. Schiff had warned about this breakout before, also stating that other inflation hedges, including bitcoin, would come

On April 6, 2023, Bitcoin’s difficulty rose 2.23% higher at block height 784,224, touching another all-time high. It’s the fourth consecutive difficulty increase on the Bitcoin network since Feb. 24, and the protocol’s current difficulty is 47.89 trillion, which is only 2.11 trillion away from reaching the 50 trillion range. Bitcoin Difficulty Jumps 2.23% Higher Bitcoin’s current difficulty of approximately 47.89 trillion is an all-time high, meaning it has never been harder for bitcoin miners to find blocks. The current Bitcoin protocol difficulty level mandates that miners execute roughly 47.89 trillion computations via a trial-and-error approach to discover a cryptographic hash value that fulfills the predetermined criteria for every appended block in the blockchain. The difficulty rise on April 6 was the fourth increase in the last 41 days or since block height 778,176. The increase on Thursday was 2.23% higher than the previous two weeks, and the level of difficulty will rema

Dubai’s Virtual Assets Regulatory Authority (VARA) has reportedly asked Binance to share more information about the crypto exchange’s ownership structure and its auditing procedures. According to reports, Dubai regulators are still keen on fostering innovation but without comprising the security of users’ funds. Binance Asked to Provide More Information The collapse of the crypto exchange FTX prompted Dubai regulators to ask for more information from crypto license applicants such as Binance, a Bloomberg report has said. According to the April 5 report , officials from Dubai’s Virtual Assets Regulatory Authority (VARA) have in recent weeks told Binance, which already holds the minimal viable product license, to share more information concerning its ownership structure, governance, and auditing procedures. As previously reported by Bitcoin.com News, no crypto firm including Binance has been granted a full market product (FMP) license. According to VARA, only holders of this license