The virtual assistant ChatGPT developed by OpenAI suggests that the price of Bitcoin could rise to $5 million by 2050. Depending on widespread usage, popularity as a capital preservation tool, and integration into financial systems, its price could fluctuate between $100,000 and $5 million. If Bitcoin faces challenges in gaining widespread acceptance due to bureaucratic obstacles, technological limitations, and other negative factors, its value could range from $20,000 to $500,000 by 2050, as estimated by ChatGPT. The AI forecasts a rise to $150,000 by 2024, $500,000 by 2028, and $1 million by 2032.

After a period of elevated fees for Bitcoin transactions in the past two months, the network has consistently maintained fees below the average level.

The transaction fee in the Bitcoin blockchain began to rise on May 2, surpassing $5 and reaching a peak of $31.14 on May 8 (according to BitInfoCharts data).

Since then, from the peak until August 24, the average transaction fees fluctuated around $5, remaining below this price for over two months.

The $5 mark holds economic significance, as it is below the average price of a Big Mac ($5.58) in the United States, which is related to the Big Mac Index used for global purchasing power analysis.

The Big Mac Index was introduced by The Economist in 1986 to measure purchasing power parity and compare prices of goods in different countries.

Changes that affected the ruble trading directions on the P2P platform occurred against the backdrop of reports that the US Department of Justice has initiated an investigation into Binance for potential violations of US sanctions against Russia.

The investigation was prompted by suspicions that Binance allows Russian customers to engage in transactions involving at least five Russian banks that are under sanctions.

It is presumed that the exchange covertly lifted restrictions for Russian users on transferring funds in rubles, euros, British pounds, and other currencies from bank cards issued in Russia.

According to a Wall Street Journal investigation, Binance continues to process transactions for at least five Russian banks that are subject to sanctions by Western countries.

It’s known that Russian customers can use Binance for P2P trading, using the bank accounts of Tinkoff and Rosbank for payments.

Furthermore, it’s claimed that Binance has lifted the previously imposed €10,000 limit on Russian accounts, which was introduced due to EU sanctions.

If this information is confirmed, it could further complicate Binance’s relationship with regulators in the US and Europe, where tensions are already high. The platform has already encountered issues in several European countries, such as the Netherlands, Germany, and Cyprus.

Wall Street analyst Linda Jones strongly advises holding onto the cryptocurrency XRP, despite the bearish trend in the market. Linda predicts the start of a powerful bullish rally in the XRP market, which will result in a significant exponential growth of the digital asset’s value. Accordingly, early investors, who she believes are the current coin holders, stand to greatly benefit.

In 1986, Microsoft became a public company and sold shares at a price of $21. Since then, the company’s assets have increased more than 15-fold, currently standing at nearly $321. Similarly, since 1980, the value of Apple’s securities has risen eightfold to $176.

Guillaume Pousaz, the CEO of Checkout, has stated that the practices employed by Binance regarding anti-money laundering (AML) measures, compliance with sanctions, and overall control over regulatory requirements are not satisfactory to the payment operator and its partners. This dissatisfaction has led to the termination of the contract between the two companies.

Binance has disagreed with the expressed grievances and hinted at possible legal consequences. A representative from Binance, Dewi Mustajab, mentioned that the exchange is considering the possibility of filing a lawsuit against Checkout for the unilateral termination of the partnership.

The increase in the number of “whales” in the Cardano network is unlikely to be directly related to the growth of the cryptocurrency itself – the ADA price is 35% below its levels at the beginning of the year. Additionally, over the past week, Cardano’s market capitalization has decreased by 5%, and if we consider the market drop on August 17th, it’s down by 12%. It’s possible that cryptocurrency traders are taking advantage of the moment and buying the coin at reduced prices.

Analysts from Santiment note that spikes in activity have been observed not only in Cardano but also in the active trading of Shiba Inu and Solana.

Hardware wallet manufacturer Ledger has entered into a partnership agreement with payment giant PayPal (NASDAQ: PYPL) to allow users to purchase cryptocurrency within the Ledger Live application using PayPal accounts.

Ledger Live enables users to buy cryptocurrency with fiat and directly deposit tokens into a hardware wallet. With the PayPal integration, users will be able to link their PayPal account without additional verification.

Four crypto wallets holding Dogecoin (DOGE) have transferred hundreds of thousands of dollars into the leading meme coin since the beginning of 2023. What these wallets have in common is that they had been inactive for over nine years prior to these recent transactions.

Together, they transferred 6,818,192 DOGE, equivalent to $557,157 at the time of the transactions. This information was compiled by Finbold from data provided by the tracking service Whale Alert, along with the restricted social media platform X (Twitter) and the Dogecoin blockchain.

The Level 1 blockchain’s native cryptocurrency, Sei (not to be confused with Sui from Mysten Labs), is set to launch today and will be available for trading on centralized exchanges immediately after its mainnet release.

Cryptocurrency exchanges Binance, Upbit, and Kucoin announced their plans to begin trading Sei tokens at 8:00 AM Eastern Time, shortly after the mainnet launch.

Sei is a Proof-of-Stake blockchain based on the Cosmos SDK, optimized for trading with the ability to generate blocks in less than a second. In April 2023, the primary developer of the Sei network, Sei Labs, raised $30 million in strategic funding through two rounds from several venture firms, including Jump and Multicoin Capital.