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Bitcoin Rallies Again – Will It Cross $40000?
14.6.2021
The rise in interest and acceptance of El Salvador as their official currency was pushing BTC above the support levels, but the new possibility of being used as a currency for buying Tesla’s has created a huge impact on BTC. With some more positive news, Bitcoin price can move ahead to test...
No Crypto in G7 Wrap-up, but Traders, Miners Will Still Want to Take Note
14.6.2021
German Chancellor Angela Merkel and UK Prime Minester Boris Johnson at the Carbis Bay. The G7 summit in Cornwall has concluded without tackling issues directly related to cryptoassets or central bank digital currencies (CBDCs) – although the crypto community will be looking closely into what...
Africa Gets A Chance To Ride El Salvador-Triggered Bitcoin Hype Wave
14.6.2021
Samia Suluhu Hassan, the President of Tanzania. Source: A video screenshot, Youtube/ NTVUganda
Last week it was Latin America, this week, it might be Africa’s turn – with key individuals coming out in support of bitcoin (BTC) adoption.
Unlike the Latin American charge, some of the loudest voices...
Bitcoin Shoots Higher, Ethereum and Altcoins Show Positive Signs
14.6.2021
Bitcoin price remained strong above the USD 35,000 support zone. BTC started a fresh increase and it broke the USD 38,500 resistance zone, following positive statements by Tesla's Elon Musk. It is currently (04:35 UTC) trading above USD 39,000 and the overall price action seems to...
Bitcoin Eyes USD 40K Amid Musk Statement, Taproot Confirmation
14.6.2021
The most popular cryptocurrency, bitcoin (BTC), almost touched USD 40,000 today as Tesla's Elon Musk send a positive message, while activation of an important Bitcoin upgrade was confirmed.
Monday morning (UTC time), BTC surpassed USD 39,800 before correcting lower. At 03:31 UTC, it trades at...
Russia’s Foreign Minister: Crypto Will Inevitably Play Role in Int’l Trade
12.6.2021
The Russian Foreign Minister Sergei Lavrov has underlined Moscow’s intention to do away with the USD – and has suggested that crypto could play a part in ousting the greenback in trade deals.
Lavrov’s comments could give real hope to those hoping crypto will find use-cases in international...
JPMorgan on El Salvador's Bitcoin Move, Miners Win In New York + More News
11.6.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Adoption news
The question remains whether the designation of bitcoin (BTC) as legal tender by El Salvador has mechanical implications for...
Bitcoin Taproot Activation Set to Lock In This Weekend
11.6.2021
Bitcoin (BTC)’s major Taproot upgrade might lock in in less than 24 hours as more than the required minimum of miners are signaling support for the soft fork, indicates taproot.watch.
According to the website, at 14:24 UTC, the current signalling ratio is 98.38%. A minimum of 90% of all miners...
This Is When MicroStrategy Might Sell Bitcoin According to Arthur Hayes
11.6.2021
Former CEO of major crypto derivatives exchange BitMEX, Arthur Hayes, discussed the only time the US-based software developer MicroStrategy (MSTR) could be forced to sell their bitcoin (BTC), now worth billions of USD.
In his recent blog piece, Hayes noted how MicroStrategy CEO Michael Saylor...
Stakes Get Higher As El Salvador Offered Volcanic BTC Leverage In Talks With IMF
11.6.2021
There's another unusual idea developing in the Cryptoverse which may bring another seismic shift (pun intended) - and it involves geothermal energy, Bitcoin (BTC) mining, paying of the debt to the International Monetary Fund (IMF), and raising an additional USD 1bn in some innovative ways....
COVID ‘Hotspot’ Claims after Some Miami Bitcoin Conference Attendees Fall Ill
11.6.2021
Source: iStock/da-kuk
The recent Miami Bitcoin 2021 conference has been making the headlines for all the wrong reasons – after a number of attendees tested positive for COVID-19, with some reporting they had been hospitalized with symptoms.
Among those taken ill after the event last weekend were...
Korean Exchanges Running out of Options as More Banks Say No to Crypto
11.6.2021
The heat is on for South Korean exchanges, who have suffered a blow in their quest to gain banking contracts that will ultimately determine if they can keep operating after a slew of government regulations to police trading platforms comes into force on September 25.
After the country’s first piece...
Bitcoin and Ethereum Trim Gains, AMP Rallies
11.6.2021
Bitcoin price spiked above the USD 38,000 level, but it failed to surpass the USD 38,500 resistance. BTC started a downside correction and traded below USD 37,000. It is currently (04:39 UTC) showing a few bearish signs, but the bulls might remain active near USD 36,000.
Besides, most major...
Bitcoin Beach Provides Clues about El Salvador’s Greater BTC Intentions
11.6.2021
Source: Twitter/@Bitcoinbeach
El Salvador’s President, Nayib Bukele, has become the talk of the crypto town, but some domestic experts have raised the alarm about the clause in his new bitcoin (BTC) bill that stipulates merchants must accept BTC as payment when requested by a customer.
Particularly...
IMF plans to meet with El Salvador’s president, potentially discussing move to adopt Bitcoin
10.6.2021
The International Monetary Fund has previously spoken out against smaller nations like the Marshall Islands recognizing a digital currency as legal tender
Latin America, Caribbean Could Use Thousands Volcanoes To Mine Bitcoin
10.6.2021
A number of countries are considering using volcanoes to generate electricity, potentially providing cheaper and greener energy to local Bitcoin (BTC) mining operations while China is cracking down on this industry. In Latin America and the Caribbean alone, some 3,000 volcanoes could be used...
US Inflation Accelerates, State Street Launches Crypto Division + More News
10.6.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Economics news
The US economy’s rebound from the pandemic is driving the biggest surge in inflation in nearly 13 years, with consumer prices...
IMF Not Happy About El Salvador Bitcoin Move
10.6.2021
Source: iStock/Bumblee_Dee
Adoption of bitcoin (BTC) as legal tender raises "a number of macroeconomic, financial and legal issues that require very careful analysis," Reuters reported, citing a spokesman for the International Monetary Fund (IMF).
The fund is following "developments...
Basel Committee Offers More Clarity To Banks Seeking Crypto Exposure
10.6.2021
In a move that could lead to new requirements being imposed on banks that deal with cryptoassets, the Basel Committee on Banking Supervision (BCBS) has issued a proposal to limit such banks’ crypto exposure by applying new credit and market risk requirements.
“Cryptoassets have given rise to...
'Knives Coming Out' As Cryptoverse Responds To BTC FUD By US Senator
10.6.2021
Elizabeth Warren. Source: A video screenshot, Youtube/Bloomberg Politics
Popular US Democratic Senator Elizabeth Warren made some crypto-related statements that the Cryptoverse found incorrect, to say the least - including Bitcoin (BTC) environmental concerns, investment and utility, use for...