Bitcoin Daily: ‘Expert’ Bets Bitcoin Will Hit $280k, China Raids World Cup Crypto Gambling Group

Robinhood is adding trading for two new digital currencies to its Robinhood Crypto platform, Business Insider reported. Users will be able to trade litecoin and bitcoin cash with the changes. As of now, the platform is available to users in 17 states. And the company claims that its platform counts 5 million users, which marks an increase of 2 million users since the end of 2017.

In other news, Chinese authorities have arrested six individuals from a gambling gang that had a World Cup-geared operation, Cryptovest reported. The people were taken into custody during raids in Guangzhou and Shenzhen. In all, the crackdown included 21 authorities.

And a bank in Australia has its contract terms for loan agreements: Borrowers will not be able to take out loans in order to buy digital currencies, Coindesk reported. The Bank of Queensland’s change states that “any loan purpose that involves the acquisition of or usage of cryptocurrency is unacceptable.” The policy isn’t unique: Around the world, banks have prohibited users from taking out credit lines to buy crypto. The rationale is that borrowers might not be able to pay back their loans with such volatile markets.

And Uphold — along with Libra Credit — announced a collaboration that will give Uphold users the ability to purchase products from Libra Credit, the companies said in an announcement. Through the relationship, users of Uphold will be able to buy items with standard credit products that are collateralized by digital coins.

In other news, soccer star Ronaldinho Gaucho is putting his efforts towards a so-called Ronaldinho Soccer Coin (RSC), Ethereum World News reported. While he hasn’t disclosed much about the project, he has said it will bring “many benefits” to people worldwide.

On another note, Australian bookmaker Tom Waterhouse said in a tweet that a crypto “expert” wants to place a bet that a single bitcoin will be worth more than a share of Berkshire Hathaway — about $288k as of Thursday (July 12) for a Class A share — by 2023, NewsBTC reported. The wager is reportedly $8.5 million in Australian dollars — and could pay off at $1.2 billion if the “expert” wins the bet.