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Akon Unveils Major Details of $6 Billion Cryptocurrency City: Real-Life Wakanda
1.9.2020
Akon has released detailed plans of Akon City, his $6 billion futuristic cryptocurrency city, which he calls a “real-life Wakanda,” referring to the hit movie Black Panther. There will be seven major districts, and the city will be run on the akoin cryptocurrency. Akon City’s...
Warren Buffett Shifts Funds From US Amid Inflation Fears, Bitcoin’s New All-Time High Expected
1.9.2020
Warren Buffett has made another major investment shift, one that reduces Berkshire Hathaway’s dependence on the U.S. economy. This news followed the Federal Reserve’s policy announcement to “push up inflation,” which is seen as bullish for bitcoin, with some predicting that...
Leading Stock Exchanges in Switzerland, Germany, Austria Now List Bitcoin ETP
1.9.2020
A bitcoin exchange-traded product by 21Shares is now listed on leading stock exchanges in three countries: Switzerland, Germany, and Austria. The company offers 11 cryptocurrency exchange-traded investment products in total. Growing Number of Stock Exchanges List Bitcoin Products Zug-based 21Shares...
Venezuela’s Bitcoin Use Soars Amid Hyperinflation: 3rd on Global Crypto Adoption Index
31.8.2020
Venezuelans have become increasingly interested in cryptocurrency as their country faces dire economic crisis and hyperinflation, a new study by blockchain data analytics firm Chainalysis shows. The firm’s Global Crypto Adoption Index ranks Venezuela third as “The country has reached...
Craig Wright files another libel suit against Roger Ver after 2019 fail
31.8.2020
Craig Wright and Roger Ver are finally in the same jurisdiction
Bitcoin Will Break Out This Year, Says Devere CEO
30.8.2020
The CEO of financial advisory firm Devere Group believes that 2020 will be a breakout year for bitcoin, fueled by the U.S. presidential election and the weak dollar. Amid political uncertainty and the Fed’s new inflation policy, investors will pile into safe-haven assets not tied to...
Russia Blocks Cryptocurrency Websites Ahead of Regulation
30.8.2020
Russian authorities have blocked a number of websites related to cryptocurrency ahead of the country’s crypto regulation taking effect. A popular exchange aggregator website has already been blocked twice and has now received a third notice. Russia Determined to Block Crypto Sites...
Major Chinese Bank Launches Central Bank Digital Currency Wallet Briefly
29.8.2020
One of China’s biggest banks recently opened up registration for wallets using the country’s central bank-backed digital currency. There are four levels of the wallet, according to reports. However, the bank took the offer down a few hours later. China’s Digital Currency Wallet...
73% of Argentines Say Cryptocurrency Best for Saving in Economic Crisis: Survey
29.8.2020
A survey of Argentina’s citizens shows that 73% believe cryptocurrency is the most effective saving method in the current economic crisis, such as to hedge against high inflation. Strong Crypto Sentiment in Argentina Global peer-to-peer (P2P) bitcoin marketplace Paxful released the results...
Federal Reserve’s Major Policy Shift to ‘Push Up Inflation’ Could Send Bitcoin Price to $500K
28.8.2020
The U.S. Federal Reserve has announced a significant policy change to push up inflation. Bitcoin is set to greatly benefit from this policy change. Not only the price of bitcoin could surge past $500K, but a number of companies have also begun moving their reserves into the cryptocurrency to hedge...
Bitcoin Slips in Latest Crypto Ranking by Chinese Government-Backed Center
28.8.2020
China’s Center for Information and Industry Development has revised its rankings of 37 crypto projects. Bitcoin has fallen from the previous ranking. As the Chinese government focuses on launching its central bank digital currency, the Center for Information and Industry Development (CCID)...
Digital Currency Group Pledges $100 Million to Bolster Bitcoin Mining Industry
28.8.2020
The firm Digital Currency Group (DCG) is entering the mining industry, as the firm has pledged $100 million into a cryptocurrency mining firm called Foundry. The mining company Foundry was noiselessly founded in 2019 and it aims to offer capital, consulting, and intelligence to digital assets...
SEC Redefines Accredited Investors to Include Those With Proven Knowledge
27.8.2020
The U.S. Securities and Exchange Commission (SEC) has amended the definition of accredited investors, such as to include those with proven financial knowledge. The broader definition will enable more people to invest in private offerings of cryptocurrency investments. SEC’s New Accredited...
‘Bitcoin Will Never Ditch You’ Ad Dominates Front Page of Major Hong Kong Newspaper
27.8.2020
The number of bitcoin ads appearing in major newspapers is growing. The front page of Apple Daily, a major newspaper in Hong Kong, featured a “Bitcoin will never ditch you” ad this week. Bitcoin ads also recently appeared in leading Indian newspaper The Economic Times, the Financial...
New SEC Filing Shows Fidelity Preparing to Launch Bitcoin Fund
27.8.2020
The U.S. Securities and Exchange Commission (SEC) has published a new filing for a bitcoin fund, submitted by Fidelity Investments’ head of strategy and planning. Bitcoin Index Fund Filed With SEC The SEC published Wednesday a Notice of Exempt Offering of Securities (Form D) filing for a...
IRS Sends Fresh Round of Tax Warning Letters to Cryptocurrency Owners
26.8.2020
The U.S. Internal Revenue Service (IRS) has begun sending new warning letters to cryptocurrency owners. This followed the tax agency prioritizing cryptocurrency on its tax forms. “The IRS is getting very serious about cryptocurrency tax compliance,” a tax expert told news.Bitcoin.com....
Akon Joins Presidential Campaign of Bitcoin Entrepreneur Brock Pierce as Chief Strategist
26.8.2020
Akon has joined bitcoin entrepreneur Brock Pierce’s 2020 campaign to become the president of the United States. Akon will serve as the chief strategist for the Pierce campaign while building his “futuristic” Akon City in Senegal, Africa, that will be run on the akoin...
Analysts Predict US Presidential Election Outcome Could Collapse Dollar, Boost Bitcoin and Gold
25.8.2020
Analysts have predicted a bearish outlook for the U.S. dollar as the country’s 2020 presidential election approaches. One analyst says gold will correct with Donald Trump’s victory followed by the collapse of the U.S. dollar. Bitcoin, on the other hand, stands to gain from the election....
Bitmex Restricts Ontario Residents as Mandated by Canadian Regulator
24.8.2020
Cryptocurrency derivatives exchange Bitmex will be restricting access to users from Ontario, Canada, starting the beginning of next month. The company says the restrictions are mandated by the Ontario Securities Commission (OSC). Bitmex Stops Servicing Users in Ontario Bitmex, a cryptocurrency...
IMF Publishes Cryptocurrency Explainer, Saying It ‘Could Be the Next Step in the Evolution of Money’
24.8.2020
The International Monetary Fund (IMF) has published a video explaining what cryptocurrency is. Besides suggesting that cryptocurrency could “completely change the way we sell, buy, save, invest, and pay our bills,” the video states that it “could be the next step in the evolution...