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Google Searches for Bitcoin Hit Dec 2020 Level, Interest in NFTs Surpass DeFi Significantly and Matched Ethereum Briefly
Cryptocurrency prices are currently at a level they were only earlier this month. Bitcoin is trading at $43,500, a level last seen only this Monday before the price tumbled as low as $39,500, last recorded in early August. äàëüøå »
2021-9-24 16:52
Bitcoin.org Restored After Being ‘Temporarily Disabled’ Due to Giveaway Scam, Nearly $18,000 in BTC Sent
Bitcoin. org’s website has become the victim of a giveaway scam and gone dark early on Thursday. “This site can’t be reached,” reads the message on the website. The crypto community rang the bell on this scam and notified domain name registrar Namecheap, which had “temporarily disabled the domain. äàëüøå »
2021-9-24 16:06
Brazilian Asset Manager BTG Launches Bitcoin Trading Platform
Cryptocurrency adoption appears to be kicking into high gear in Latin America, with companies and government organizations embracing crypto more. The latest organization to embrace the industry is BTG Pactual – a top investment banking and asset management firm in Brazil. äàëüøå »
2021-9-22 20:49
New Poll Shows Increased Support for Cryptocurrency Legalization Among Texans
While Texas has become a hotspot for cryptocurrency mining, it would appear that the state might be ready to take the next step towards crypto embrace. Earlier this week, popular news media Newsweek published the results of a poll it conducted, showing that many Texans are in favor of making cryptocurrencies legal in the country. äàëüøå »
2021-9-21 17:00
Lebanese Rush into Crypto as Fiat Currency Loses Over 90% of Its Value and Inflation Soars
Lebanese people are turning to cryptocurrency as their fiat currency continues to lose its value drastically. The Lebanese pound, or lira, has lost more than 90% of its worth in a matter of two years. äàëüøå »
2021-9-21 16:25
Bitcoin Effect: El Salvador’s Bond Drop as IMF Deal Seems Out of Reach, BTC Purchase Under Investigation
S&P Global says this adoption has immediate negative implications on its credit rating while protesters in the central American country vandalize an ATM and carried signs reading “we were defrauded by Bitcoin. äàëüøå »
2021-9-18 17:07
China’s Lehman Brothers Moment? Crypto Market Takes Note of Real Estate Giant Evergrande’s Debt Crisis
While the crypto market is contemplating the effect of Evergrande's possible fallout, Tether has clarified that it is “doesn't hold and never held,” commercial paper issued by Evergrande. The post China’s Lehman Brothers Moment? Crypto Market Takes Note of Real Estate Giant Evergrande’s Debt Crisis first appeared on BitcoinExchangeGuide. äàëüøå »
2021-9-16 17:30
Steven Cohen Isn’t Going to Miss “Incredibly Transformational” Crypto While Ray Dalio Finds Bitcoin as an Alternative to Cash
While Point72 founder’s “cryptomaniac” helped him understand crypto, Bridgewater Associates founder continues to reiterate that Bitcoin “could still be controlled” and that it “could be tulips in Holland. äàëüøå »
2021-9-16 16:35
Remittance and Fiat Devaluation Drives 1200% Growth in Africa’s Crypto Market: Chainalysis Report
Africa, the smallest crypto-economy, which received $105.6 billion worth of cryptocurrency between July 2020 and June 2021, saw a growth of more than 1200% by value received in the last year. According to a report by Chainalysis, the region is seeing some of the highest grassroots adoption in the world, with Kenya, Nigeria, South Africa, […] The post Remittance and Fiat Devaluation Drives 1200% Growth in Africa’s Crypto Market: Chainalysis Report first appeared on BitcoinExchangeGuide. äàëüøå »
2021-9-16 22:26
Crypto Market in Recovery Mode After ‘Fake’ News Volatility Amidst Increased Regulatory Scrutiny
The mainstream media outlets decry crypto after jumping fast on the fake Walmart press release announcing support for Litecoin payments while CT started dissecting the news right from the moment it got published and declared it “fake. äàëüøå »
2021-9-14 17:39
Chivo Implements Measures “Against Money Laundering,” El Salvador’s Largest Bank Accepts Bitcoin Payments
There is also “no tax” - income or capital - on profits from Bitcoin investment in the country in order to “encourage foreign investment,” The post Chivo Implements Measures “Against Money Laundering,” El Salvador’s Largest Bank Accepts Bitcoin Payments first appeared on BitcoinExchangeGuide. äàëüøå »
2021-9-14 22:18
Brevan Howard Ventures Deeper into Crypto by Making a New Hire and Launching a New Division called BH Digital
The high-profile hedge fund is planning to increase its private and venture investments in crypto and further “significantly expand” its exposure to crypto-assets. The post Brevan Howard Ventures Deeper into Crypto by Making a New Hire and Launching a New Division called BH Digital first appeared on BitcoinExchangeGuide. äàëüøå »
2021-9-14 21:20
Bitcoin and Other Cryptocurrencies Coming As An Alternative Payment Option for iOS Apps?
A year-long battle between Epic Games and Apple regarding in-app payments came to a conclusion as the court ordered the tech giant is “permanently restrained” from prohibiting developers from external purchasing mechanisms. äàëüøå »
2021-9-14 19:14
Bank of Mexico Governor says #Bitcoin More like Precious Metal than Legal Tender, But Sweden’s Sees Eventual “Collapse”
Meanwhile, to billionaire investor Leon Cooperman, Bitcoin doesn’t make “a great deal of sense” because he’s old, not to mention he’s a “paper guy.” The post Bank of Mexico Governor says #Bitcoin More like Precious Metal than Legal Tender, But Sweden’s Sees Eventual “Collapse” first appeared on BitcoinExchangeGuide. äàëüøå »
2021-9-10 17:57
National Australia Bank Observing Crypto As An ‘Emerging Issue’ After Being Accused of Refusing to Do Business with the Industry
Local crypto exchanges told a parliamentary committee exploring how to regulate the sector that none of the ‘Big Four’ banks, which control nearly 80% of the Australian market, would do business with them. äàëüøå »
2021-9-10 17:10
27 Percent of Americans Would Like Washington to Adopt Bitcoin: Survey
Bitcoin legalization as a topic is growing significantly, thanks in no small part to the developments in El Salvador. Interestingly, a growing number of people in the United States are also looking forward to the day that Bitcoin will become legal tender in the country. äàëüøå »
2021-9-10 16:32
$500B German Asset Manager is Considering Adding Bitcoin to A ‘Handful’ of Private Funds
Union Investment, a $500 billion Germany-based asset manager, is testing a pilot program with Bitcoin exposure certificates. If the program becomes a success, it will also open Bitcoin exposure to other funds. äàëüøå »
2021-9-9 18:05
Historic Day for Bitcoin: 1.2 Million El Salvadorian’s to Benefit From Crypto Adoption
El Salvador, where 70% do not have a bank account and 50. 5% don’t have internet access; Bitcoin is ready to advance financial inclusion, save on remittance cost, and attract new businesses as it “breaks the paradigms of the past,” and advances “towards the first world. äàëüøå »
2021-9-8 17:17
The First Nation-State Purchases Bitcoin to Save $400 Million Paid Yearly in Commissions
El Salvador’s Bitcoin law has come into force on Tuesday following its announcement in June, and it has officially become the first nation in the world to adopt the cryptocurrency as a legal tender alongside the US dollar. äàëüøå »
2021-9-7 16:20
94% Financial Industry Pioneers say Digital Assets will Replace Fiat in 5-10 Years: Deloitte Report
“Participation in the age of digital assets is not an option—it is inevitable,” says the report, as digital assets have a fundamental impact on deposits and with organizations’ current business models at stake. äàëüøå »
2021-9-6 15:32
China’s Central Bank says Crypto Crackdown Completed and Now Back to Normal Supervision
“The battle to prevent and resolve major financial risks has achieved important phased results,” reads the translated version of the China Financial Stability Report 2021 from the country’s central bank. äàëüøå »
2021-9-4 19:57
Not Just Bitcoin, Twitter Is Also Working to Add An Ethereum Address for Tip Jar Feature
As we reported, Twitter has been working on a Bitcoin tipping feature that will make use of the scaling solution Lightning Network through LN using payment app Strike. Kayvon Beykpour, product lead at Twitter & co-founder of Periscope, acknowledged this move, tweeting a high voltage sign referring to Lighting Network and a “soon” sign. äàëüøå »
2021-9-4 19:31
Bitcoin Gains Legal Status in Texas As Crypto Bills Become Law
Cryptocurrencies have officially become recognized in Texas following the passing of two bills to push the crypto and blockchain industry. Crypto Bills Took Effect On September 1 The two bills tagged H. äàëüøå »
2021-9-4 19:11
Bitcoin Bull Fund Manager’s Tudor Group Setting up a Digital Disruption Fund
Bitcoin bull and legendary fund manager Paul Tudor Jones is planning to go deeper into the cryptocurrency sector. According to new reports from Bloomberg, Tudor Group is setting up a digital disruption fund which can be expected to have some involvement in crypto. äàëüøå »
2021-9-4 17:46
9 Out of 10 El Salvadorians Do Not Have A Clear Understanding of Bitcoin: Poll
As a result, the majority disagree with bitcoin’s adoption as a legal tender in the country. The post 9 Out of 10 El Salvadorians Do Not Have A Clear Understanding of Bitcoin: Poll first appeared on BitcoinExchangeGuide. äàëüøå »
2021-9-4 17:06
El Salvador Congress Approves a Law to Accumulate $150 Million in Bitcoin to Facilitate Crypto Transactions
El Salvador has approved a law to create a $150 million fund in order to facilitate conversions between Bitcoin and US dollars. The $890 billion market cap cryptocurrency is trading just above $47,600 as of writing. äàëüøå »
2021-9-1 18:33
Gold-Focused Investment Manager Discloses Exposure to Bitcoin via GBTC
Investment manager, US Global Investors, which is well-known for specializing in gold and precious metals, disclosed in its latest regulatory filing with the Securities and Exchange Commission (SEC) that it now has exposure to Bitcoin. äàëüøå »
2021-8-31 15:46
Making Bitcoin A National Currency is An “Inadvisable Shortcut,” says IMF
The International Monetary Fund (IMF) took to Twitter to argue against adopting Bitcoin as a legal tender over the weekend. The Twitter post from IMF reads, “Privately issued cryptoassets like Bitcoin come with substantial risks. äàëüøå »
2021-8-30 17:10
Cuba May Authorize Bitcoin Payments for Local Transactions
The Central bank of Cuba has announced its intentions to regulate the use of cryptocurrencies in commercial transactions across the country. Government Agencies Barred From Using Crypto The Cuban Central Bank (BCC) said in a resolution that the bank must duly authorize the use of Bitcoin in commercial transactions. äàëüøå »
2021-8-27 17:13
Former RBI Governor Wants Crypto to Find Proper Use Case to be “More Confident” About its Value
Raghuram Rajan, who is also the former IMF chief economist, expects US inflation to be transitory and said, “Ideally, the Fed would like to observe as long as possible,” with the problem being the Delta variant and others “lurking in the background. äàëüøå »
2021-8-27 18:35
Other Central American Countries Watching El Salvador’s “Out Of This World Experiment” to Adopt Bitcoin Too, Says CABEI President
The executive president of the region's development bank said, “everyone is watching” if Bitcoin adoption helps El Salvador reduce the cost of remittances so that they can also adopt the cryptocurrency. äàëüøå »
2021-8-25 20:55
Increased Demand in Crypto has Citigroup Considering Offering its Biggest Clients Bitcoin Futures Trading
Citigroup is now considering whether to offer its biggest clients the option to trade in Bitcoin futures, citing increased demand in the cryptocurrency space. According to the reports, the banking giant is currently awaiting approval to begin trading CME Bitcoin futures. äàëüøå »
2021-8-25 17:35
El Salvador Begins Installing Crypto ATMs Ahead Of Bitcoin Rollout
Ahead of its cryptocurrency wallet launch in September, El Salvador's President Nayib Bukele has announced plans to install 200 Bitcoin Automated Teller Machines (ATM). In a post on Twitter, the president disclosed that the crypto ATMs would accompany the country’s digital wallet called Chivo. äàëüøå »
2021-8-24 18:20
Financial Industry Is Witnessing A Seismic Shift in Adoption of Crypto Assets; Could Replace Cash Within 10 Years: Deloitte
Satoshi Nakamoto’s original plan of revolutionizing the financial landscape is gradually coming to the fore. According to a report by one of the Big Four accounting firm Deloitte, more businesses and professionals are open to the idea of digital assets playing a role in their operations in the future. äàëüøå »
2021-8-24 22:44
Wells Fargo, JPMorgan, And Neuberger Berman Are Moving Ahead With Their Bitcoin Plans
Investment bank Wells Fargo is now launching a private bitcoin fund and has registered for the same with the US Securities and Exchange Commission (SEC), becoming the latest traditional investor to offer its wealthiest clients an indirect exposure to cryptocurrency. äàëüøå »
2021-8-22 17:16
“Bitcoin Fixes This.” OnlyFans Banning Sexual Content Due to Pressure from Banking Partners
OnlyFans is banning porn in an attempt to protect its partnerships with banks and payments providers. On Thursday, the special media platform announced that it will still allow creators to post nude posts and videos provided they’re consistent with OnlyFans’ policy, but not “sexually explicit conduct” with effect from October 1, 2021. äàëüøå »
2021-8-20 19:08
Global Crypto Adoption Surges 2,300% in the Past 2 Years, Retail Adoption Growing in Emerging Markets: Report
Meanwhile, adoption in North America, Western Europe, and Eastern Asia is powered by institutional investment along with the “explosive growth” of DeFi and centralized services. The post Global Crypto Adoption Surges 2,300% in the Past 2 Years, Retail Adoption Growing in Emerging Markets: Report first appeared on BitcoinExchangeGuide. äàëüøå »
2021-8-20 22:32
Crypto Adoption Jumps in Emerging Economies, Rises by 880% in Vietnam: Chainalysis
Cryptocurrency has continued to grow in leaps and bounds as several assets broke into all-time highs this year. This has led to an increase in adoption. While increased prices will definitely spur new adoption, the levels being seen so far are truly astronomical. äàëüøå »
2021-8-19 19:30
Bitcoin Rewards App, Fold, to Launch Pokemon Go-Type Augmented Reality Feature
The push for cryptocurrency adoption takes different forms. But, one of the most innovative ways has so far been gamification. To that end, Fold, a Bitcoin rewards and payments app has come up with an interesting way to get people more invested in crypto. äàëüøå »
2021-8-19 17:32
Shanghai Court Recognizes Bitcoin as Virtual Property
The Minhang District Court of Shanghai declared Bitcoin to be a virtual property protected by Chinese law. This isn’t the first time that the court has ruled that cryptocurrency assets should be protected in regard to Chinese regulations on property ownership. äàëüøå »
2021-8-18 17:41
Fed Is Now “Required to Put Emergency Tools Away,” Says Powell While Noting Crypto Is “Becoming More And More Important”
However, the Fed is still concerned with the “millions” of people still out of work. With this “part of recovery” far from complete and delta variant’s impact on the economy unclear yet, it’s to be seen when will the tapering begin. äàëüøå »
2021-8-18 15:48
Top Credit Rating Agency, Fitch Ratings, Questions El Salvador’s Bitcoin Adoption
According to credit rating agency Fitch Ratings, El Salvador's adoption of Bitcoin as a legal tender may come to have unintended consequences. Bitcoin Adoption Could Lead To Negative Credit Rating President Nayib Bukele’s decision to grant benchmark cryptocurrency Bitcoin a legal tender status a few months ago came amid global applause from enthusiasts of the […] The post Top Credit Rating Agency, Fitch Ratings, Questions El Salvador’s Bitcoin Adoption first appeared on BitcoinExchangeGuide. äàëüøå »
2021-8-17 17:05
What Happened In 1971? President Nixon Broke Money, Giving Central Banks Absolute Monetary Authority – Bitcoin Fixes This
The Nixon shock and subsequent dissolution of the Bretton Woods system have resulted in untenable inflation, mounting national debt, and extreme income and wealth inequality as the world’s largest economy stands on the brink of hyperinflation. äàëüøå »
2021-8-17 20:20
Singapore’s DBS Bank Gets Approval from MAS to Offer Crypto Services to Asset Managers & Companies
Singapore’s DBS Bank is the latest to receive approval “in principle” from the Monetary Authority of Singapore (MAS) under the country’s Payment Services Act. DBS Vickers, the bank's brokerage arm, is the one that received the go-ahead from the country’s financial regulator to begin offering crypto services directly to companies and asset managers via its […] The post Singapore’s DBS Bank Gets Approval from MAS to Offer Crypto Services to Asset Managers & Companies first appeared on BitcoinExchangeGuide. äàëüøå »
2021-8-13 19:11
$402 Billion Asset Manager Giant Files to Start Offering Bitcoin and Ethereum Exposure Immediately
Neuberger Berman will be offering indirect exposure to the top two crypto-assets through futures and funds invested in BTC and ETH in line with SEC Chairman Gary Gensler’s openness to Bitcoin futures-backed ETFs. äàëüøå »
2021-8-12 17:16
Not the Time to Pick Winners or Losers in Crypto Tech, says Tesla CEO as Treasury Crusades Against the Industry
The controversial bipartisan infrastructure bill with its crypto tax provision gained new supporters in the form of Tesla CEO Elon Musk, who tweeted early on Saturday, “This is not the time to pick technology winners or losers in cryptocurrency technology. äàëüøå »
2021-8-9 02:11
Cathie Wood’s Ark Investment Bets More on Both Bitcoin and Ethereum
Cathie Wood’s Ark Investment has reported an increase in the ownership of Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE) at the end of the second quarter. In a new SEC filing, Ark reported 9,557,723 shares of GBTC, an increase of just over 10% from 8,675,881 GBTC shares reported at the end of March. äàëüøå »
2021-8-7 17:21
Merrill Lynch’s Former ETF Boss to be the Head of its Newly Created Crypto Assets Initiative
Bank of America Merrill Lynch’s former head of exchange-traded products (ETF) will be leading the bank’s newly created digital assets initiative, including crypto strategies. Mark Donoghue was previously leading the ETP and SMA group at the firm but has been given a new role during the second quarter to serve as head of digital trading […] The post Merrill Lynch’s Former ETF Boss to be the Head of its Newly Created Crypto Assets Initiative first appeared on BitcoinExchangeGuide. äàëüøå »
2021-8-7 17:03
JPMorgan Is Pitching A Private Bitcoin Fund to its Wealthy Clients
JPMorgan Chase is now planning to offer a passively managed Bitcoin fund in-house to its wealthy clients and has already started pitching it to them this week. Citing two people familiar with the matter, CoinDesk reported that the fund would be offered in partnership with NYDIG. äàëüøå »
2021-8-5 17:02
Google Reversing Stance on Anti-Crypto Advertising Now Comes into Effect
“Beginning August 3, advertisers offering Cryptocurrency Exchanges and Wallets targeting the United States may advertise those products and services,” said Google in June 2021, when it reversed its anti-crypto advertising stance. äàëüøå »