Tags : bitcoin

Bitcoin

After El Salvador warning, IMF says accepting Bitcoin as national

The International Monetary Fund (IMF) published a warning that putting Bitcoin (BTC) or any other crypto on par with a national currency presents serious risks to macro-financial stability. In their official blog post, written by monetary and capital markets department director Tobias Adrian and legal department head Rhoda Weeks-Brown, the IMF describes adopting cryptos as […]Read More

Bitcoin

This key resistance level can hinder Bitcoin from reaching ATHs

This key resistance level can hinder Bitcoin from reaching ATHs Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Edge › Bitcoin · Ethereum › Analysis Bitcoin jumped up by almost 15% on the back of Amazon integration reports yesterday. It has since tumbled back down. Shaurya […]Read More

Market

Texas counties welcome Bitcoin miners with open arms

Texas, the second-largest state in the U.S. known for its southern hospitality, is embracing the droves of Bitcoin (BTC) miners that have recently flocked to the region. Following China’s crackdown on crypto mining that occurred in May, a number of Bitcoin mining companies have relocated to The Lone Star State to conduct business.  This shouldn’t […]Read More

Regulation

Early crypto exchange boss says China remains 50/50 on outright

The co-founder and former CEO of crypto exchange BTCC, Bobby Lee, said Beijing could move to ban Bitcoin entirely. Recent FUD activity, coming from China, was a factor in BTC’s unceremonious dump several months ago. Chinese authorities issued notices banning financial institutions from dealing with crypto firms to protect against financial risk. As well as […]Read More

Market

Bitcoin payments for real estate gain traction as crypto holders

Crypto investors are betting big on real estate this year as the cryptocurrency market continues to grow. New York Digital Investment Group (NYDIG) recently conducted a survey that found that 46 million Americans own Bitcoin, equating to 22% of all adults. While optimistic, some cryptocurrency investors have expressed concerns regarding the security, custody and volatility […]Read More

Cryptocurrency

Ex-fund manager pegs Bitcoin at $2 million by 2031. But

Greg Foss, the Executive Director of Validus Power Corp, which uses flare gas to mine Bitcoin, lays out the case for a $2 million BTC price. Although sky-high price predictions are nothing new, Foss’s forecast is up there among the highest. Having said that, what is the reasoning behind his prognosis? Oil and gas to […]Read More

Bitcoin

Dogecoin, Musk, and $60 million NFT froth: Why Ruffer sold

Ruffer Investment Company Limited invested roughly $600 million in Bitcoin (BTC) in November 2020 but sold its exposure in April, while the crypto was still pumping and its price fluctuated between $50,000 and $65,000, profiting more than $1 billion in about five months.  According to Ruffer’s year-end review for the 12 months ending June 30, […]Read More

Bitcoin

The people of El Salvador are protesting against Bitcoin bill

President Nayib Bukele’s bill that granted Bitcoin (BTC) a legal tender status in El Salvador is yet to be enforced in September but after the country’s distrust of the new legislation became apparent through opinion surveys, Salvadorans started voicing their disapproval in the streets.  Bukele effectively pushed the law through parliament, thanks to his Nuevas […]Read More

Bitcoin

Elon Musk flips positive on Bitcoin (BTC), but the damage

Tesla CEO Elon Musk has flipped positive on Bitcoin once again. Speaking during yesterday’s The ฿ Word conference, Musk said the mining sustainability situation has improved since he first raised objections in May. “It looks like bitcoin is shifting a lot more toward renewables and a bunch of the heavy-duty coal plants that were being […]Read More