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Despite ‘Significant’ Demand, Denmark’s Biggest Bank Will Maintain ‘A Very Cautious Approach’
The Nordic region is simply staying away from crypto due to a lack of regulation in the sector. The post Despite ‘Significant’ Demand, Denmark’s Biggest Bank Will Maintain ‘A Very Cautious Approach’ first appeared on BitcoinExchangeGuide. äàëüøå »
2021-6-21 18:56
There’s “Significant Desire” for Crypto Among Investor says BBVA as it Launches Bitcoin Trading Service
Spain’s BBVA is launching a Bitcoin trading service for private banking clients in Switzerland interested in investing in crypto assets. BBVA said on Friday that the new business is launching on June 21. äàëüøå »
2021-6-19 21:59
Italian Prime Minister Mario Draghi Calls for More Stimulus and ‘Promptly’ for Pre-Pandemic Level Growth
ECB President Christine Lagarde agrees, she has said that it’s “too early” and “unnecessary” to discuss reducing stimulus. The post Italian Prime Minister Mario Draghi Calls for More Stimulus and ‘Promptly’ for Pre-Pandemic Level Growth first appeared on BitcoinExchangeGuide. äàëüøå »
2021-6-19 20:33
Hawaii had largest increase in demand for crypto out of US states this year
“Around 6% of the U.S. population now use or own crypto, and the trend is growing,” said the report.
äàëüøå »2021-6-18 22:30
Ethiopians Come Together to Get the Govt. of Africa’s Second-Most Populous Nation to Adopt Bitcoin
While central banks around the world are working on the digital version of their fiat currencies, El Salvador went ahead and declared Bitcoin legal tender. El Salvador has made the first move, and people in other countries now want their government to go the same route. äàëüøå »
2021-6-17 19:22
NYDIG, FS Investments Collaborate With Morgan Stanley To Create New Bitcoin Investment Fund
Financial services firm New York Digital Investment Group (NYDIG) and asset manager FS Investments would establish a Bitcoin investment fund aimed at US megabank Morgan Stanley clients. NYDIG, FS Investments File Paperwork With SEC NYDIG and FS Investments have already filed the necessary paperwork with the US Securities and Exchange Commission (SEC) for an investment […] The post NYDIG, FS Investments Collaborate With Morgan Stanley To Create New Bitcoin Investment Fund first appeared on BitcoinExchangeGuide. äàëüøå »
2021-6-16 19:03
New Forms Of Digital Money Should Be “Trusted As A Store Of Value & An Accepted Means Of Payment” Says BoE Governor
Amidst the growing digitization, Eurozone citizens have stocked up on banknotes as a safety buffer. Meanwhile, over half of German households are skeptical about a digital euro as “not convinced that it would deliver sufficient added value. äàëüøå »
2021-6-16 18:32
It’s Possible the US Gets Crypto, the “Next Internet Sized Opportunity,” Wrong says Coinbase Co-Founder
Fred Ehrsam, the co-founder of Paradigm, says China is already taking a stand on crypto, and it could beat the US in crypto that too “on multiple fronts.” The post It’s Possible the US Gets Crypto, the “Next Internet Sized Opportunity,” Wrong says Coinbase Co-Founder first appeared on BitcoinExchangeGuide. äàëüøå »
2021-6-16 16:47
Bitcoin Has Only Been This ‘Cheap’ Relative to Trend 20.3% Of The Past Eleven Years: Pantera Capital
For new investors, the best time to buy is when the market is below trend, and “now is one of those times,” says Pantera CIO Dan Morehead. The post Bitcoin Has Only Been This ‘Cheap’ Relative to Trend 20. äàëüøå »
2021-6-16 19:41
Tunisia’s Economy Minister says He’s Going to Decriminalize Buying Bitcoin
The latest country working on changing its rules and regulations around cryptocurrencies is Tunisia which plans to decriminalize owning Bitcoin and crypto. Tunisia’s minister of economy said over the weekend that he wants to change the law around cryptocurrencies which condemns people for mining cryptos and using them as payment. äàëüøå »
2021-6-14 20:18
MicroStrategy could hold more than $4B in Bitcoin after latest private offering and crypto purchase
With the price of Bitcoin moving above $40,000 for the first time in weeks, the company could soon hold more than 100,000 BTC.
äàëüøå »2021-6-15 18:15
“Netherlands Must Ban Bitcoin Now,” says Director for Economic Analysis
Pieter Hasekamp is calling for a complete ban on crypto — mining, trading, and holding because they are only good at privacy which is used by criminals, while government money works just fine with “hardly any currency devaluation. äàëüøå »
2021-6-12 19:53
IMF Calls for ‘Careful Analysis’ of Bitcoin as Legal Tender; BIS Head says It’s an ‘Interesting Experiment’
The International Monetary Fund (IMF) has voiced its displeasure on El Salvador’s move to become the first country in the world to adopt Bitcoin as legal tender. The law puts Bitcoin on equal footing with the US dollar in the country, which adopted the dollar as its official currency 20 years ago. äàëüøå »
2021-6-11 17:25
Sovryn Team Puts SOV on Uniswap, Project Crosses $50Mln Mark in TVL
Sovryn, a project aiming to bring decentralized finance (DeFi) to Bitcoin, has surpassed $50 million in total value locked (TVL). According to data tracking site DeFi Llama, the non-custodial, smart contract-based system for bitcoin lending, borrowing, and margin trading has seen an uptick in its TVL from just under $45 mln at the end of […] The post Sovryn Team Puts SOV on Uniswap, Project Crosses Mln Mark in TVL first appeared on BitcoinExchangeGuide. äàëüøå »
2021-6-11 20:49
BIS Declares Bitcoin an Asset Class Needing Stricter Capital Requirements by Banks But Lower to Hold Stablecoins
The Basel Committee on Banking Supervision, which sets international banking standards, said on Thursday that the banking industry faces increased risks from crypto-assets and needs tough capital requirements to hold Bitcoin and other cryptocurrencies. äàëüøå »
2021-6-11 20:05
State Street Launches New Digital Division; Considering “Adding Crypto to Their Balance Sheet”
The second-oldest bank in the US with $40. 3tn under custody says, “We are at a tipping point,” and is having “intense” communication with the regulators while “a lot” of (its) clients looking to launch crypto ETFs. äàëüøå »
2021-6-11 19:00
Cryptocurrencies Are Not A “Good Investment,” says US Senator Elizabeth Warren
"Cryptocurrency has created opportunities to scam investors, assist criminals, and worsen the climate crisis," is what else she thinks of crypto as she called for regulating the sector. The post Cryptocurrencies Are Not A “Good Investment,” says US Senator Elizabeth Warren first appeared on BitcoinExchangeGuide. äàëüøå »
2021-6-10 15:53
Bitcoin Mandate: El Salvador to Accumulate $150 Million in BTC to Facilitate Crypto Transactions
The country has passed the bill to make Bitcoin legal tender with a supermajority and has become the first nation to adopt a cryptocurrency as legal tender. The post Bitcoin Mandate: El Salvador to Accumulate 0 Million in BTC to Facilitate Crypto Transactions first appeared on BitcoinExchangeGuide. äàëüøå »
2021-6-9 15:14
1% of Bitcoin’s Circulating Supply is Now Wrapped on Ethereum
A total of 187. 61k BTC are now being wrapped on the second largest network, Ethereum. As of writing, 18,729,837 Bitcoin are in circulation, which means, now more than 1% of Bitcoin’s supply is locked in Ethereum. äàëüøå »
2021-6-8 17:52
Trump Says Bitcoin Is A “Scam” Because “It’s Another Currency Competing Against The Dollar”
Former President Donald Trump called Bitcoin a “scam against the dollar” in an interview on Fox Business Network on Monday. He also urged regulators to take action against it. “Bitcoin, it just seems like a scam,” said Trump when asked about his thoughts on cryptocurrency and the US stock market, which he is reportedly avoiding. äàëüøå »
2021-6-7 20:13
Bitcoin is the ‘Least Favorite’ Asset Among CIOs, Reveals Goldman Sachs Survey
As crypto traders and investors spend yet another week in the range, a Goldman Sachs survey reveals Bitcoin is the least favorite investment among chief investment officers. The Goldman strategists said, “We held two CIO round table sessions earlier this week, which were attended by 25 CIOs from various long-only and hedge funds. äàëüøå »
2021-6-7 18:18
What Exactly are the Implications of El Salvador Declaring Bitcoin a Legal Tender for Crypto
A “big win” for crypto, El Salvador’s Bitcoin adoption has implications for the US and may result in a domino effect which seems to have started with Paraguay hinting at something “important” with BTC. äàëüøå »
2021-6-7 16:27
China Blocks Popular Crypto Accounts on Weibo, Bitcoin Reacts
Bitcoin fell back to $35,300 again into the weekend but remains in the $33k-$40k range. Today’s drop in prices can be attributed, yet again, to the crackdown news from China. Reportedly, a large number of cryptocurrency KOL (key opinion leader) accounts have been blocked on Weibo, which is China’s Twitter. äàëüøå »
2021-6-6 17:43
“I Would Leave Twitter or Square for Bitcoin,” says Jack Dorsey At the Bitcoin 2021 Conference
His life goal at the moment is to “remove” the corporate-ness of his companies and build a Bitcoin-inspired social media that will have “none of the restrictions” of Twitter. The post “I Would Leave Twitter or Square for Bitcoin,” says Jack Dorsey At the Bitcoin 2021 Conference first appeared on BitcoinExchangeGuide. äàëüøå »
2021-6-5 16:36
Here’s Why Elon Musk’s Pivot to Cryptocurrency Can Be ‘Net Good’ for the Space
Tesla's CEO can’t stop tweeting about the unregulated crypto space, as he is not allowed to manipulate share prices with his tweets after his settlement with the SEC, and it is seen by Binance and Lolli CEOs as an advertisement for crypto. äàëüøå »
2021-6-5 16:15
Latest in Bitcoin Haters: Crypto Is A ‘Farce’ and the ‘Essence of Ransomware’
The latest Bitcoin detractor in the town is Amundi chief investment officer Pascal Blanque, according to whom cryptocurrencies are a “farce. ” Blanque described cryptos as a “farce” at a news conference where he said they were also a symptom of the bubbles forming in markets. äàëüøå »
2021-6-4 19:00
Crypto Market Hedging; Momentum ‘Continuing’ as Digital Currencies Seen as the ‘Future’ of Financial Systems
Everyone wants digital currencies as countries look to eliminate the dollar, but retail demand for long positions declines, with institutions on the sideline after the recent deep rut. The post Crypto Market Hedging; Momentum ‘Continuing’ as Digital Currencies Seen as the ‘Future’ of Financial Systems first appeared on BitcoinExchangeGuide. äàëüøå »
2021-6-4 16:47
Elon Musk Can’t Stop Talking About Bitcoin, Now His Reputation is Taking a Hit
Tesla CEO’s repeating criticism of Bitcoin has skewed the sentiments towards him on social media, and some fear this could have a negative impact on the company as well. The post Elon Musk Can’t Stop Talking About Bitcoin, Now His Reputation is Taking a Hit first appeared on BitcoinExchangeGuide. äàëüøå »
2021-6-4 16:18
Google to Allow Crypto Wallet Providers to Run Ads But ICOs will Remain Banned
Back in 2018, the world’s largest digital advertising seller banned ads for crypto and related products. A similar move was made by social media giant Facebook as well. But Google soon removed the ban for cryptocurrency exchanges. äàëüøå »
2021-6-3 15:52
Guggenheim Files For A New Closed-End Fund Seeking to Invest in Bitcoin and Other Cryptocurrencies
Ahead of the filing with SEC, the Guggenheim Active Allocation Fund sub-advisor Scott Minerd warned crypto investors of a volatile weekend. He pulled a similar move in Jan. before the firm became effective to buy GBTC shares. äàëüøå »
2021-6-3 18:08
HRF Bitcoin Development Fund & BitMEX Disburses $210,000 in Grants to Developers
The Bitcoin Human Rights Foundation, or HRF, announced the release of a $210,000 grant to Bitcoin developers across the world in a blog post this Monday. The grants aim to enhance Bitcoin developments in scaling, encrypted messages, private wallets, and translation to Arabic. äàëüøå »
2021-6-2 00:15
Cryptocurrencies’ Rising Popularity Is “of Great Concern,” Says Irish Central Banker
Derville Rowland is all set to take over as chairwoman of the European Securities and Markets Authority’s investment management standing committee in July, which helps prepare regulations for the funds' industry. äàëüøå »
2021-6-1 18:40
Legendary Investor Bought His BTC at $6,500 Propelled by “Central Bank Craziness” and Bitcoin’s “Religious Zealots”
Stanley Druckenmiller “felt like a moron” not buying Bitcoin as he watched it go from $50 to $17,000. Now, if Jay Powell keeps acting like he’s been acting, BTC is “going to have the wind behind” it, but the minute the “tightening” starts, markets should go down. äàëüøå »
2021-6-1 17:51
UK Banks Suspend Payments to Crypto Exchanges Due to “High Levels of Suspected Financial Crime”
Barclays, Starling, and Mozo are blocking their customers from transferring money to cryptocurrency platforms like Binance and Swiss Borg. These banks are cracking down on transfers to crypto exchanges in recent weeks by suspending payments to the sector, reported local media. äàëüøå »
2021-6-1 17:10
BoJ Governor Slams Bitcoin as ‘Speculative’ while Central Bank’s Assets Quadrupled to $6.5T Under his Aggressive Easing
Despite keeping both long and short-term rates low and stable, the Bank of Japan couldn't achieve its 2% inflation target, which it still won’t be able to, by the time Haruhiko Kuroda’s tenure ends in April 2023. äàëüøå »
2021-5-28 18:00
Tech Giants ‘Invading the Currency Area’ Are The Real Threat, Not Crypto: Denmark’s Central Bank Governor
While Lars Rohde doesn’t see Bitcoin as more than a speculative fad, neighboring Sweden’s Riksbank First Deputy Governor, though “observant,” is not concerned about cryptos. The post Tech Giants ‘Invading the Currency Area’ Are The Real Threat, Not Crypto: Denmark’s Central Bank Governor first appeared on BitcoinExchangeGuide. äàëüøå »
2021-5-28 15:57
“Impossible” to Shut Crypto Down: Ark Invest’s Cathie Wood Sees Emerging Market Central Banks Accumulating Bitcoin
She expects regulators to be “more friendly over time” while expanding her focus to include Ethereum and expects central banks to do that with BTC and other currencies. The post “Impossible” to Shut Crypto Down: Ark Invest’s Cathie Wood Sees Emerging Market Central Banks Accumulating Bitcoin first appeared on BitcoinExchangeGuide. äàëüøå »
2021-5-28 15:16
Treasury Secretary Urges for More Aggressive Spending, President Biden Reveals $6T Spending Plan
While the crypto market is waiting for direction, Janet Yellen calls for more funding to run her agency and improve tax collection, while the proposed budget for the next fiscal year will bring US federal spending to the highest sustained level since World War II. äàëüøå »
2021-5-27 20:21
DBS says Bitcoin No Longer a Fringe Asset, It is Now Fueling Volatility in US Stocks
The volatility in Bitcoin is now fueling the volatility in US stock futures, according to a study by Singapore’s DBS Group Holdings Ltd. DBS’s Chief Economist Taimur Baig and Macro Strategist Chang Wei Liang wrote that S&P 500 contracts tend to register bigger swings after the leading cryptocurrency spiked up or down by 10% in […] The post DBS says Bitcoin No Longer a Fringe Asset, It is Now Fueling Volatility in US Stocks first appeared on BitcoinExchangeGuide. äàëüøå »
2021-5-27 15:21
BlackRock ‘Studying’ Bitcoin’s Infrastructure and Regulatory Landscape says CEO
According to Larry Fink, it’s too early to determine if cryptocurrencies are “just a speculative trading tool.” The post BlackRock ‘Studying’ Bitcoin’s Infrastructure and Regulatory Landscape says CEO first appeared on BitcoinExchangeGuide. äàëüøå »
2021-5-27 21:27
UK Advertising Regulator Upholds Complaints Against “It’s Time to Buy” Bitcoin Ad
The Advertising Standards Authority (ASA) has asked Luno exchange to make it clear that investment in Bitcoin is volatile, subject to losses, and in an unregulated market. The post UK Advertising Regulator Upholds Complaints Against “It’s Time to Buy” Bitcoin Ad first appeared on BitcoinExchangeGuide. äàëüøå »
2021-5-27 20:17
HSBC Maintains Anti-Crypto Stance Amid Growing Institutional Players
HSBC Not Interested In Bitcoin Goldman Sachs, JP Morgan Chase & Co are a few of the legacy-backed financial institutions which have become pro-crypto in the last couple of months. Despite what many may call a green light by the growing adoption of cryptocurrencies in financial settlements, HSBC Bank has buckled down on its crypto […] The post HSBC Maintains Anti-Crypto Stance Amid Growing Institutional Players first appeared on BitcoinExchangeGuide. äàëüøå »
2021-5-24 20:24
China FUD: Huobi Running Normally, OKEx Walks Back on C2C Trading Suspension
China FUD reached its crescendo when the market dumped over the weekend, wiping out a trillion dollars in the process. Altcoins took the biggest hit, with a vast majority losing more than 90% of their value. äàëüøå »
2021-5-24 15:42
NYDIG CEO: We’ll See an ‘Explosion’ in Bitcoin-Driven Financial Innovation in Banking & Insurance Sector Over the Next Year
Ross Stevens also revealed that he had a meeting with the heads of three of the world’s largest central banks about Bitcoin and inflation. He believes that we could see a central bank adopting the bitcoin standard or purchasing BTC as a reserve asset in the next 12 months. äàëüøå »
2021-5-23 16:26
CME Bitcoin Open Interest Increases by 850 Contracts This Week
Black Wednesday ended up wiping out more than $7. 5 billion in Bitcoin open interest and is currently at levels last seen in early February. With almost all the 2021 uptrend retracted by the market and billions of dollars cleared out in liquidations, it makes sense that the OI would also get more than halved. äàëüøå »
2021-5-22 17:34
Goldman Sachs Publishes a Comprehensive Report on Crypto As A “New Asset Class”
Late in May 2020, Goldman Sachs’ report on cryptocurrencies had said that they are “not an asset class. ” But this week, amidst the deep market rout, the banking giant released its latest report in which it talks about crypto as “a new asset class. äàëüøå »
2021-5-22 16:46
December 2013 Was The First Time China Banned Bitcoin; They Hit A Hattrick This Week
At the beginning of 2013, BTC price was worth less than $15, which surged to $260 in April only to be back at $80 next month. Two months before China first struck, in October the same year, BTC price was under $90 to top out at $1,165 next month only to be back at $385 in mid-Dec. äàëüøå »
2021-5-22 16:23
It’s ‘Unrealistic’ to Think The Govt is Going to Be Able to Stop Cryptocurrency: Billionaire Private Equity Titan
David Mark Rubenstein of The Carlyle Group says crypto is not going away because people want something other than just the traditional currencies and advises that if you’re not prepared for big fluctuations, then don't go into it. äàëüøå »
2021-5-21 15:32
Australian Financial Minister Warns Users On Crypto Investing Risks, But Govt Won’t Stand In the Way
The Australian Minister for Financial services and the digital economy, Senator Jane Hume, has sounded a warning to crypto investors telling them to be aware of the risks associated with the assets. äàëüøå »
2021-5-20 21:20
European Central Bank (ECB) Vice President Shreds Cryptocurrencies Amid Market Crash
Crypto Has Weak Fundamentals Speaking in an interview with Bloomberg TV on Wednesday, Guindos said that this is primarily due to the novel industry's weak fundamentals. “When you have difficulties finding out what are the real fundamentals of an investment, then what you're doing is not a real investment. äàëüøå »