-
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
No Comments
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
-
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
-
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
-
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
-
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
-
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,
-
Bitcoin could fall to $15,000, says Guggenheim chairman who predicted 50% dip in May
- July 23, 2021
- Posted by: admin
- Category: Bitcoin News
Scott Minerd, chairman and chief investment officer of asset management giant Guggenheim Investments, said the crypto market’s ongoing slump is still far from over as Bitcoin could slide as low as $15,000. “I think that there is still more air to come out of this, and ultimately, I think something in the neighborhood of $15,000
-
The people of El Salvador are protesting against Bitcoin bill
- July 23, 2021
- Posted by: admin
- Category: Bitcoin News
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
-
Elon Musk flips positive on Bitcoin (BTC), but the damage is already done
- July 22, 2021
- Posted by: admin
- Category: Bitcoin News
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
-
Elon Musk fancies running a Dogecoin node in space (and teases Tesla’s Bitcoin adoption)
- July 22, 2021
- Posted by: admin
- Category: Bitcoin News
Elon Musk‘s participation at ‘The B Word’ conference, an event hosted by the Crypto Council for Innovation, resonated loudly in mainstream media as well as on Twitter as the Tesla and SpaceX CEO revealed the makeup of his crypto reaches, gently boosting Bitcoin (BTC), Ethereum (ETH) and Dogecoin (DOGE) prices. Together with Jack Dorsey, the
