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After El Salvador warning, IMF says accepting Bitcoin as national currency is “a step too far”
- July 27, 2021
- Posted by: admin
- Category: Bitcoin News
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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
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Tesla reports Bitcoin-related ‘impairment’ of $23 million after BTC tumbled 40% in 2021
- July 27, 2021
- Posted by: admin
- Category: Bitcoin News
Tesla, a major electric car manufacturer led by Elon Musk, has reported a record operating income of $1.3 billion in the second quarter of 2021—which was “partially offset” by a “Bitcoin-related impairment of $23M.” “Operating income increased [year-over-year] mainly due to volume growth and cost reduction. Positive impacts were partially offset by growth in operating
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This key resistance level can hinder Bitcoin from reaching ATHs
- July 27, 2021
- Posted by: admin
- Category: Bitcoin News
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. Rohan
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Tether (USDT) faces criminal probe in the US, report says
- July 26, 2021
- Posted by: admin
- Category: Regulation News
Tether (USDT) FUD surrounding the stablecoin’s issuance could have a new chapter in the form of criminal charges, which would mark a major development in the US government’s crackdown on crypto. The US Department of Justice (DoJ) investigation is focused on conduct that occurred years ago, scrutinizing whether Tether failed to disclose to banks that
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Early crypto exchange boss says China remains 50/50 on outright Bitcoin ban
- July 26, 2021
- Posted by: admin
- Category: Regulation News
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
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Binance cuts AUD, EUR, GBP trade pairs amidst regulatory crackdowns
- July 26, 2021
- Posted by: admin
- Category: Regulation News
Crypto exchange Binance announced it is delisting margin trading pairs for three fiat currencies, namely the Australian dollar (AUD), the Euro (EUR), and the British pound sterling (GBP). Amidst increasing regulatory pressure, the world’s largest crypto trading platform in terms of volume continues curbing its trading services. Margin trading Binance Margin will delist AUD, EUR,
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Amazon rumours lead to $1 billion in crypto ‘shorts’ getting liquidated
- July 26, 2021
- Posted by: admin
- Category: Bitcoin News
Data from market tool Bybt shows nearly $1 billion worth of ‘short’ traders—individuals betting on a market decline—were liquidated this morning, with $750 million of that amount coming from Bitcoin trades alone. It came on the back of crypto circles sharing an uncanny development on social media: That of global online marketplace Amazon ‘definitely’ accepting
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Ripple transfers 60 million XRP even as US SEC lawsuit crawls on
- July 24, 2021
- Posted by: admin
- Category: Regulation News
To bolster its fair notice defence in a lawsuit filed by the Securities Exchange Commission (SEC), Ripple (XRP) claims two of their sitting Commissioners have spoken out about the lack of clarity on how securities laws apply to crypto. Meanwhile, Ripple and Binance got caught on the radar as 110 million XRP tokens worth roughly
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Ex-fund manager pegs Bitcoin at $2 million by 2031. But that’s a $45 trillion market cap
- July 24, 2021
- Posted by: admin
- Category: Bitcoin News
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
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Dogecoin, Musk, and $60 million NFT froth: Why Ruffer sold $1bn in Bitcoin
- July 23, 2021
- Posted by: admin
- Category: Bitcoin News
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,
