The central venture official of resource the Board Firm Guggenheim, Scott Minerd, thinks He knows where the genuine lower part of bitcoin's cost is. He cautions that the cost of the digital money could tumble to the $15K level. 

Guggenheim's Scott Minerd Sees Bitcoin Bottom 

The cost of bitcoin plunged beneath the $30K level last week. At the hour of composing, BTC remains at $31,583 dependent on information from Bitcoin.com Markets. 

I don't think individuals should be restless to place cash in bitcoin at this moment. 

Minerd has made a few bearish expectations about the cost of bitcoin in the close term. In May, Minerd cautioned of a monstrous auction in bitcoin in the wake of making financial backers aware of a significant BTC adjustment in April. 

In spite of his transient bearish conjecture, Minerd is bullish about bitcoin over the long haul, accepting that the cost of the digital currency could reach $600,000. "We do a great deal of essential exploration. In the event that you consider the stockpile of bitcoin relative … to the inventory of gold on the planet … If bitcoin were to go to those sorts of numbers. You might discuss $400K to $600K price per bitcoin," the CIO anticipated. 

What's your opinion about Scott Minerd's bitcoin value forecast? Tell us in the remarks area underneath.

The Agricultural Bank of China (ABC) attested its prohibition on crypto exchanges, as per a now erased proclamation on its anything but, an interpretation of which was tweeted by Colin Wu on Monday. The bank referred to ongoing direction from the People's Bank of China for it proceeding to do a crackdown on virtual-money exchanges. 

Any such practices identified would result in the "end of client connections" and be accounted for to the pertinent specialists, the assertion said. 

The declaration by ABC, the world's third-biggest bank, comes against the background of the more extensive crackdown of crypto mining and exchanging by the Chinese government. Bitcoin's cost has dropped about 7% as of now and was exchanging about $33,300 at press time.

Cutting edges eBay is now welcoming to accept widely used cryptocurrencies as a payment tool to accommodate its huge community of 187 million buyers worldwide through their vibrant platform the company officials told. 

The most endeavoring step to explore the ways of incorporating Nonfungible tokens into their payment portfolios has already been initiated.

eBay is ready to accept ‘Cryptos’ as a source of payment for millions OF users.

Ebay’s Chief Executive Officer Jamie Iannone
spoke to CNBC  on Monday that the company is ready to accept cryptocurrencies as one of its payment options.
He was questioned about how Gigantic eBay is looking at the immense rise in the popularity and adaptability of skyrocketing Bitcoin and other cryptocurrencies Iannone  responded 

We are extending the ways of payments pending the types of payments. We welcome you through Apple Pay and Google Pay. Looking for more choices for buyers …  

He added: "An extraordinary aspect regarding eBay is that when there is a recent fad, it simply appears on eBay. That is the thing that we are finding in zones like NFTs [non-fungible tokens], which we are taking a gander at how we can investigate that better." He additionally noticed that eBay has "187 million purchasers on the stage.

Iannone was explicitly asked, "Does that mean you are getting into the NFT business?" He answered:

We are working keenly to explore opportunities on how we can make it running at eBay in some easy ways.