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Africrypt Ponzi Scheme Collapse: South Africa Regulator Says Its ‘Not in a Position to Take Any Regulatory Action’
25.6.2021
Following Africrypt’s collapse, South African regulator, the Financial Sector Conduct Authority (FSCA), released a statement asserting its lack of jurisdiction over cryptocurrencies. Although the regulator says it is “continuing to investigate complaints” against the crypto...
Former NYSE President Says for Bitcoin to Exceed Gold It Needs to Be Accepted More as Currency
24.6.2021
On June 24, the CEO of Far Peak Acquisition Corp. and former New York Stock Exchange (NYSE) president, Thomas Farley discussed the future of bitcoin and gold on the CNBC broadcast Squawk Box. Farley is optimistic about the leading crypto asset but he doesn’t believe it will surpass...
Bearish or Bullish? Bitcoin Traders Argue Over Death Cross Outcome
20.6.2021
On Saturday, cryptocurrency analysts and traders have been discussing bitcoin’s recent chart patterns and the infamous death cross pattern has been a topical conversation. A number of traders believe when bitcoin’s short-term moving average (MA) dips below the long-term MA, the crypto...
Goldman Sachs Leverages Crypto Management Firm Galaxy Digital to Swap Bitcoin Futures
19.6.2021
Galaxy Digital’s co-president Damien Vanderwilt announced today that his firm has partnered with Goldman Sachs to help provide bitcoin futures products. The partnership marks one of the first occasions where an American multinational investment bank has partnered with a crypto asset service...
NASCAR Driver Landon Cassill to Be Paid in Cryptocurrency for the Remainder of the Season
18.6.2021
The American professional stock car racing driver, Landon Cassill, has announced he has partnered with the crypto-asset platform Voyager Digital Ltd. in order to get paid in cryptocurrency. Cassill’s announcement notes that the racer will be paid in crypto for the remainder of the 2021 NASCAR...
FCA’s Fourth Consumer Report Shows UK’s Crypto Asset Ownership Increased 27% Since Last Year
17.6.2021
The UK’s Financial Conduct Authority (FCA) has published a research report that reveals crypto asset ownership has increased a great deal. According to the study, crypto ownership spiked more than 27% since last year as the FCA’s estimates show 2.3 million adults hold digital...
Silk Road Founder Ross Ulbricht Speaks Publicly for the First Time Since 2013
13.6.2021
At the Bitcoin 2021 conference in Miami, attendees listened to the first phone interview with the Silk Road’s Ross Ulbricht from the depths of the maximum-security prison in Tucson, Arizona. During the interview, Ulbricht spoke about bitcoin and how the decentralized crypto asset...
South Africa Working Group Releases New Position Paper Calling for Regulation of Crypto Asset Providers
13.6.2021
South Africa’s Intergovernmental Fintech Working Group (IFWG) has a released new position paper that calls for the regulation of the country’s cryptocurrency ecosystem. In the document, the IFWG, which is a creation of the South Africa Reserve Bank (SARB), recommends “a staged...
Indian Government May Regulate Crypto as Asset Class: Report
13.6.2021
India may be regulating crypto as an asset class under the purview of the Securities and Exchange Board of India (SEBI). In addition, a crypto bill is likely to be introduced during the Monsoon session of parliament, local media reported. Indian Government Reportedly Considers Regulating Crypto...
Texas Senator Claims People Are Flocking to Bitcoin Because US Is on ‘the Verge of an Inflation Crisis’
11.6.2021
This week the United States senator from Texas, Ted Cruz, appeared on the Fox News television broadcast Hannity and discussed the leading crypto asset bitcoin. Cruz told Hannity he believes people are investing in bitcoin because they believe America is on the verge of an inflation crisis....
Out of Thousands of MIT Students That Got Free Bitcoin in 2014 – 6 Year Holders Saw 13,000% Gains
7.6.2021
Over six years ago, at the Massachusetts Institute of Technology (MIT), a couple of scholars distributed $100 in bitcoin to 3,100 students. According to testimony from a few participants who held the leading crypto asset since then, the students netted 13,000% in profit. MIT Grad Who Made 13,000%:...
Tony Hawk Purchased Bitcoin in 2012 After Reading About the Silk Road Marketplace
6.6.2021
Tony Hawk, the American professional skateboarder often referred to as ‘Birdman,’ discussed bitcoin at the Bitcoin 2021 conference in Miami and told the crowd he got into the crypto economy in 2012. Hawk said he heard about the crypto asset after reading about the Silk Road marketplace...
Beijing to Disperse $6 Million in Digital Yuan in a Red Envelope Lottery
3.6.2021
China’s central bank digital currency (CBDC) continues to gain further ground as the Beijing Local Financial Supervision and Administration Bureau revealed 40 million worth of the country’s digital yuan ($6.3 million) will be distributed to Chinese citizens. Beijing and China’s...
Coinbase Pro Dogecoin Deposits Now Open — Trading Begins on June 3
2.6.2021
The notorious dogecoin will be open for trading on Thursday, June 3, on the popular trading platform Coinbase Pro. In mid-May, Coinbase CEO Brian Armstrong revealed the meme-inspired crypto asset would be listed in six to eight weeks. It only took 18 days to get dogecoin added to Coinbase Pro...
Spiral Out — Using the Golden Ratio and Fibonacci sequence to Predict Bitcoin Price Cycles
29.5.2021
The leading crypto asset bitcoin has seen its value drop more than 53% from its all-time high above the $64k handle, sliding to a low of $30k on May 19. While bitcoin is still down 25% during the last 30 days, it’s hard to forecast where bitcoin’s value is going from here. Although...
US Convenience Store Chain Sheetz to Accept Cryptocurrencies for Payments
28.5.2021
The American chain of convenience stores and coffee shops, Sheetz, announced on Thursday that the firm would be accepting digital currencies like bitcoin, ether, and dogecoin for payments. The major Mid-Atlantic chain’s executive payments manager says accepting crypto-asset acceptance...
BOJ’s Kuroda Criticizes Bitcoin — Central Bank Governor Says Trading Is ‘Barley Used for Settlement’
28.5.2021
Following the recent developments in China and the environmental concerns about bitcoin’s energy consumption, the Bank of Japan Governor Haruhiko Kuroda criticized the leading crypto asset bitcoin in an interview on Thursday. BOJ’s Kuroda Says Bitcoin ‘Volatility...
Analyst Expects Bitcoin to ‘Grind Down’ to $15K, With a ‘Periodic Dead Cat Bounce’ Along the Way
26.5.2021
An analyst from the biotech consulting group Biotechvalley Insights believes after bitcoin lost 53% from the crypto asset’s all-time high, “the party is clearly over.” The biotech consulting group analyst thinks crypto investors will witness a slow “grind down the slope...
Fund Manager One River Files SEC Prospectus for Carbon Neutral Bitcoin ETF
25.5.2021
On Monday, the crypto asset fund manager One River filed a unique bitcoin exchange-traded fund (ETF) registration with the U.S. Securities and Exchange Commission (SEC). According to the Form S-1 filed, One River wants to list a carbon-neutral bitcoin ETF on the New York Stock Exchange (NYSE)....
Comparing the True Costs of Gold Mining in Africa With Those of Bitcoin Mining
24.5.2021
When billionaire Elon Musk announced that Tesla would no longer accept bitcoin as payment for its electric vehicles, the price of the crypto asset tanked. In justifying this decision, Musk cited bitcoin mining’s inefficient use of electricity as well as its impact on the environment. In fact...