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‘Big Short’ Investor Michael Burry Warns of ‘Mother of All Crashes’ — Says Crypto’s Problem Is Leverage
21.6.2021
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned of “the mother of all crashes.” He further explained that the problem with cryptocurrency is the leverage. Michael Burry Warns of Mother of All Crashes Famous investor and founder of private...
Paraguayan Lawmaker to Present Bitcoin Legislation Next Month — Aims to Make Paraguay Global Crypto Hub
20.6.2021
A pro-bitcoin congressman in Paraguay says he will present bitcoin legislation in congress next month with the aim to make Paraguay a hub for cryptocurrency investors worldwide. His efforts follow El Salvador passing a bill making bitcoin legal tender. Paraguay Wants to Be Global Hub for Crypto...
Sichuan Mining Farms Begin to Shut Down — Seven-Day Stats Show Bitcoin’s Hashrate Plummeting
20.6.2021
The hashrate of the Bitcoin network has been steadily falling since June 14 and after Sichuan miners were told to prepare operation shutdowns. Sichuan is the second-densest province in China where most miners are located, according to data stemming from the University of Cambridge. Bitcoin’s...
Economist Steve Hanke Warns Salvadoran Bitcoin Adoption Could ‘Completely Collapse the Economy’
20.6.2021
The professor of applied economics at Johns Hopkins University, Steve Hanke, has recently been criticizing bitcoin adoption taking place in El Salvador. Hanke doesn’t think it’s a good idea for the Latin American country to use bitcoin as legal tender and says it could “completely...
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...
Tehran Government Bans Iran Blockchain Association
20.6.2021
The Ministry of Interior of the Islamic Republic has suspended the Iran Blockchain Association (IBA). The measure comes after the organization allegedly breached government regulations. IBA unites participants in the country’s growing crypto sector who are engaged in blockchain technology...
Bank of Uganda Launches Regulatory Sandbox Framework — One Fintech Firm Already Approved
20.6.2021
The Bank of Uganda (BOU) has announced the launch of a regulatory sandbox that will allow fintech start-ups to test their innovative financial solutions in a controlled environment. Already, one firm, M/S Wave Transfer Limited, has received approval to test its quick response (QR) technology under...
Revised Bill ‘On Virtual Assets’ Aims to Regulate Ukraine’s Crypto Space This Summer
20.6.2021
The Ukrainian parliament has released an updated version of the draft law “On Virtual Assets.” The revised bill requires exchanges to obtain government authorization, disclose their ownership and implement mandatory KYC procedures. The document has been criticized by regulators in Kyiv...
Global Nonprofit Operation Smile Opens Its Doors to Crypto Donations
20.6.2021
The global nonprofit Operation Smile has announced the organization is now accepting crypto assets like bitcoin and dogecoin. The nonprofit is a surgical volunteer-based outfit that helps people with cleft conditions improve their lifestyles. Surgical Volunteer-Based Nonprofit Operation Smile...
Bitmain Reveals New Scrypt Miner — Model Mines DOGE and LTC Four-Times Faster Than Today’s Top Machine
20.6.2021
Regional reports from an exposition in Chengdu indicate Bitmain has unveiled a new scrypt ASIC rig for dogecoin, litecoin, digibyte, and verge mining. The Chinese reporter who disclosed the information says the new Bitmain model has a hashrate of around 9,500 megahash per second (MH/s) and overseas...
Cornell Economist Says Bitcoin Has 3 Flaws Driving People to Search for Better Alternatives
20.6.2021
Cornell University professor of economics and former head of the IMF’s China division, Eswar Prasad, sees three major flaws in bitcoin. Because of these flaws, the professor says that “bitcoin really has set off something of a search for a better alternative.” Cornell...
Rich Dad Poor Dad’s Robert Kiyosaki Warns of ‘Biggest Crash in World History’ — Expects $24K Bitcoin Price
20.6.2021
Robert Kiyosaki, the best-selling author of “Rich Dad Poor Dad,” has predicted the “biggest crash” in world history. He also expects the price of bitcoin to fall to the $24K level. Robert Kiyosaki Foresees Biggest Crash in History Coming Famous author and investor Robert...
Grayscale Considering 31 Crypto Assets for Investment Products
20.6.2021
Grayscale Investments is considering 31 crypto assets to add to its family of investment products. The company, with $32.9 billion in crypto assets under management, currently offers investments in 13 cryptocurrencies. Grayscale Investments announced Friday 13 additional crypto assets it...
Figuring Out How Much Bitcoin Hashrate Resides in Mainland China Still a Mystery
19.6.2021
Over the last few weeks, there have been many reports about crackdowns in China tied to bitcoin mining operations in various provinces. 30-day statistics show the hashrate has been fluctuating wildly, and across the last week it has slid downward roughly 26%. Reports Show Bitcoin Mining Crackdowns...
More Than Two Dozen Crypto ATMs to Be Installed in Texas-Based H-E-B Grocery Stores
19.6.2021
H-E-B shoppers will soon be able to obtain digital assets at more than two dozen locations in Texas. Coin Cloud, a crypto automated teller machine (ATM) provider, says 29 H-E-B stores will feature kiosks that provide access to more than 30 crypto assets including defi tokens and stablecoins. H-E-B...
$3.6 Billion Crypto Heist: South African Bank Denies Business Relationship With Fraud Accused Africrypt
19.6.2021
According to local media, leading South African financial institution FNB is denying allegations of a banking relationship with the recently collapsed crypto investment company, Africrypt. FNB also insists it did not enable the investment company’s transactions which helped Africrypt’s...
Indian Rapper Raftaar to Be Paid in Cryptocurrency for Upcoming Performance in Canada
19.6.2021
Indian rapper Raftaar is reportedly accepting cryptocurrency for his upcoming performance in Canada. “Nevertheless, I’ve finally taken the baby steps in this direction and all the credit goes to my manager, Ankit Khanna for making this dream a reality for me,” Raftaar said....
Indian ‘Crypto King’ Arrested by Narcotics Control Bureau — Wazirx Says Not Our User
19.6.2021
India’s Narcotics Control Bureau (NCB) has arrested a Mumbai resident known as “crypto king,” who allegedly used bitcoin to purchase narcotics on the dark web. Indian cryptocurrency exchange Wazirx says the accused is not one of its customers. ‘Crypto King’ Arrested...
Basketball Players in Canada to Be Paid in Bitcoin
19.6.2021
CEBL, the Canadian men’s basketball league, will offer its professional basketball players the option to receive a portion of their salary in cryptocurrency. The new payment option has been enabled through a partnership with the Canadian cryptocurrency exchange Bitbuy. Bitbuy to Convert...
Spanish Deputies File Proposal to Accelerate the Creation of a Digital Euro
19.6.2021
A group of Spanish deputies filed a proposal that seeks to accelerate the implementation of a digital euro. The proposal, presented on June 8, asks for the creation of a group to study the implementation of a digital currency in the Eurozone. This study group, if created, would be aided by the Bank...