World Bank Refuses To Help El Salvador Implement Bitcoin, Citing “Transparency Shortcomings”

Revealing misunderstandings, the World Bank has rejected El Salvador's request for assistance in implementing a bitcoin standard. дальше »

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El Salvadorian government discusses paying salaries in Bitcoin (BTC)

Three El Salvadorian government ministries are discussing whether they should allow firms in the country to pay salaries in Bitcoin (BTC/USD). A report unveiled this news on June 15, citing El Salvador’s minister of Labour and Social Welfare, Rolando Castro. дальше »

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South Africa to revise its stance on crypto amid surging retail interest

South Africa’s financial watchdogs are gearing up to introduce a crypto regulation framework in the country. A report unveiled this news on June 14, citing a position paper published by the South African Intergovernmental FinTech Working Group (IFWG) via the Crypto Assets Regulatory Working Group (CAR WG). дальше »

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JPMorgan Warns of Incoming Bitcoin Bear Market Citing ‘Unusual Development’ in Futures

Investment bank JPMorgan Chase has warned of a further bitcoin price decline, expecting an incoming bear market. The bank’s analysts look at the trend in bitcoin futures and see “an unusual development and a reflection of how weak bitcoin demand is at the moment from institutional investors. дальше »

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Elon Musk’s Tesla Can’t Say No To Bitcoin Payments In El Salvador

The past few weeks have seen the price of Bitcoin dwindle after Elon Musk’s announcement that Tesla would no longer accept Bitcoin as payment for its products. Musk, who in March announced that Tesla would accept Bitcoin as payment for its cars and other products, but had to retract the decision citing strong outcry by […] дальше »

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IMF sounds ‘legal, economic’ alarms over El Salvador’s Bitcoin adoption

The International Monetary Fund (IMF), a global, intergovernmental economic and financial body, condemned El Salvador’s move to make Bitcoin an official ‘legal tender’ in the country citing economic and legal risks. дальше »

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Billionaire Entrepreneur Mark Cuban Reveals he Holds Bancor (BNT)

Mark Cuban holds BNT — the token for decentralized finance (DeFi) protocol Bancor, citing the simplicity, impermanent-loss protection, and user-friendly nature of the DeFi platform as his major reasons. дальше »

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Crypto Exchanges Kraken, Bitfinex, and KuCoin Exploring India for Entry: Report

After cryptocurrency exchange, Binance, U. S. -based Kraken, Hong Kong-based Bitfinex, and rival KuCoin are actively exploring ways to set up in India, reported Reuters, citing people familiar with the matter. дальше »

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Microstrategy Received $1.6 Billion in Orders For Their Bitcoin Offering

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Chinese Crypto Mining is Economically Efficient, Argues Canaan CEO

Chinese crypto mining equipment producer Canaan is arguing against the indiscriminate crackdown on cryptocurrency mining in China, citing mining’s economic efficiency. The post Chinese Crypto Mining is Economically Efficient, Argues Canaan CEO appeared first on BeInCrypto. дальше »

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Report: Three of the most glorified ICOs in Israel were fraudulent

Three of Israel’s most famous initial coin offerings (ICOs) in 2017 and 2018 were scams. A report unveiled this news on May 31, citing a $16. 1 million (£11. 32 million) lawsuit filed on May 25 by Roee Broncial and Eran Okashi, who are employees of the Singulariteam venture capital fund. дальше »

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Reserve Bank of India slams banks after they stop services for crypto users

The Reserve Bank of India, the country’s central bank, released a new directive today after local banks ceased crypto services for users citing a directive from 2018, an official filing shows. The post Reserve Bank of India slams banks after they stop services for crypto users appeared first on CryptoSlate. дальше »

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Indian central bank clarifies regulations as local banks shun crypto

Banks like HDFC and the State Bank of India reportedly cautioned customers against crypto, citing the RBI’s quashed crypto circular. дальше »

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BoK says leveraged crypto trading poses a threat to the banking system

The Bank of Korea (BoK) has come out to warn that the increasing cases of leveraged crypto trading by South Korean citizens pose a significant threat to the country’s financial system. A report unveiled this news on May 27, citing remarks from BoK’s governor, Lee Ju-yeol, who spoke after a monetary policy committee meeting yesterday. дальше »

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UK bans Luno’s ‘time to buy Bitcoin’ ads, calls them “irresponsible”

The UK’s Advertising Standards Authority (ASA) has banned a series of popular Bitcoin ads in the country citing irresponsibility, a report on national news outlet The Guardian said today. The post UK bans Luno’s ‘time to buy Bitcoin’ ads, calls them “irresponsible” appeared first on CryptoSlate. дальше »

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US Congressman Says That Congress Isn’t Prepared To Pass Crypto Legislation

U. S. Congressman Jim Himes says that Congress is not ready to pass cryptocurrency legislation anytime soon, citing a lack of deep understanding of cryptocurrencies among lawmakers. Congress Won’t Pass Crypto Legislation Anytime Soon In an interview with Yahoo Finance on Friday, U. дальше »

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US Congress Will Not Pass Cryptocurrency Legislation Anytime Soon, Says Lawmaker

U. S. Congressman Jim Himes says that Congress is not ready to pass cryptocurrency legislation anytime soon, citing a lack of deep understanding of cryptocurrencies among lawmakers. “There’s going to be a lot of discussion in the coming years about ways to regulate” cryptocurrencies, said the congressman. дальше »

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Iran to Shut Down Licensed Crypto Miners in Peak Hours of Power Consumption

Citing a need to maintain a stable electricity supply for other users, Iran will be pulling the plug on cryptocurrency mining farms whenever power consumption peaks. The measure intended to deal with shortages will target licensed facilities despite the government admitting that illegal crypto miners burn much more energy. Licensed Crypto Miners Use 300 MW, […] дальше »

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China’s Absolute Control Over Digital Yuan Will Boost Demand for Cryptocurrencies, Says Analyst

China’s push for the digital yuan will boost demand for cryptocurrencies, according to an analyst at BK Asset Management, citing that the Chinese government wants “absolute power” over the wealth and income of its citizens. дальше »

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Elon Musk Says He Won’t Sell Any Dogecoin — Admits He’s the ‘Ultimate Hodler’

Tesla CEO Elon Musk has confirmed that he has not sold any dogecoin and will not sell any as the price of the cryptocurrency continues to slide over the recent weeks. The “Dogefather” has been working with dogecoin devs “to improve system transaction efficiency” after Tesla suspended accepting bitcoin for payments, citing environmental concerns. Elon […] дальше »

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Musk's Bitcoin centralization claim: Why this is 'not really a key factor'

It's been a while since Tesla's Bitcoin payments suspension announcement, with the company citing BTC's high carbon footprint and related ESG concerns at the time. But, did things just escalate from tThe post Musk's Bitcoin centralization claim: Why this is 'not really a key factor' appeared first on AMBCrypto. дальше »

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SEC Chair Gensler Says Cryptocurrency Exchanges Need More Regulation, Asks Congress to Weigh in

The new chairman of the U. S. Securities and Exchange Commission (SEC), Gary Gensler, is pushing for more regulation around cryptocurrency exchanges, citing the need for investor protection in this area. дальше »

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Travala Welcomes Payments through XDC

Travala. com, being the most epic online travel agency to accept cryptocurrency as one of its payment modes, now integrates payments through XDC token. This news has just been released officially citing the partnership between Travala and XinFin(XDC) network. дальше »

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ECB Vice President Says Crypto Assets Are ‘Not a Real Investment’ Citing Weak Fundamentals

The vice president of the European Central Bank (ECB), Luis de Guindos, has warned that crypto assets are “not a real investment” and are “subject to a lot of volatility. ” His comments followed massive sell-offs across a broad range of cryptocurrencies. дальше »

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Indian Govt. Backpedddling Bitcoin Ban? New Panel Planned to Study Crypto Regulations

The government of India may form a new panel of experts to study the regulation around cryptocurrencies in the country, reported the local publication citing sources privy to the discussions. A committee headed by former finance secretary, Subhash Garg in 2019, had recommended a blanket ban on crypto-assets which has now been seen as outdated. дальше »

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SEC Claims XRP Holders Are “Too Partial,” Citing Physical Violence References

Attorney John Deaton has denied promoting violence against the SEC дальше »

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Mark Cuban to Elon Musk: Accepting Bitcoin Will Actually Benefit the Environment

Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, has made an argument that accepting cryptocurrencies, including bitcoin, will actually help the environment. He told Elon Musk, whose electric car company Tesla has suspended accepting bitcoin, citing environmental problems. дальше »

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Greenidge to go carbon neutral as BTC adopters pull back citing environment harm

Greenidge Generation Holdings, a renowned Bitcoin (BTC) mining firm, is planning to launch a carbon-neutral BTC mining operation on June 1, 2021. The new facility is based in Upstate New York. Reportedly, the company will achieve carbon-neutral mining by purchasing voluntary carbon offsets from a list of greenhouse gas reduction projects in the US. дальше »

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It Would Be Incredibly Hard to Make Bitcoin Sustainable, Experts Say

Tesla CEO Elon Musk recently announced that the car company will no longer accept Bitcoin as a form of payment, citing the cryptocurrency’s immense power requirements and environmental toll. But Bitcoin won’t magically become environmentally friendly over night. дальше »

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XRP lawsuit update: Ripple opposes SEC's motion to strike citing 'cherry-picked facts'

The SEC v. Ripple battle has prolonged itself for more than five months now, yet there are no signs of it concluding. The lawsuit further unfolded on Thursday after Ripple filed its Memorandum of Law The post XRP lawsuit update: Ripple opposes SEC's motion to strike citing 'cherry-picked facts' appeared first on AMBCrypto. дальше »

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The US DOJ and IRS probe Binance for tax and money laundering information

Leading crypto exchange Binance is under investigation by the US Department of Justice (DOJ) and the Internal Revenue Service (IRS). A report unveiled this news on May 13, citing people acquainted with the matter. дальше »

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Dogecoin Spikes After Elon Tweets About Helping Its Developers

A day after publicly announcing that Tesla is no longer accepting Bitcoin as a form of payment, citing the currency’s negative impacts on the environment — something we’ve known for years — CEO Elon Musk took to Twitter yet again. дальше »

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Not a Good Look for Tesla, Elon Musk Now Looking for Another Cryptocurrency to Replace Bitcoin

The electric car maker announcing that it will no longer accept Bitcoin citing environmental concerns raises questions about Tesla’s lack of due diligence, DOGE also being a PoW coin, and how Bitcoin’s truth will fight the environmental hazard meme while setting a “very dangerous precedent. дальше »

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Tesla to Halt Bitcoin Payments due to ‘Environmental Concerns’

Automotive company Tesla has suspended the use of bitcoin to purchase its vehicles, Chief Executive Officer Elon Musk said in a tweet on Wednesday, citing the vast amounts of electricity needed to “mine” the cryptocurrency. дальше »

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Elon Musk Announces Tesla Has Suspended Accepting Bitcoin Citing Environmental Issues

Tesla has suspended accepting bitcoin for vehicle purchases, CEO Elon Musk has announced. The company cited concerns “about rapidly increasing use of fossil fuels for bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel. дальше »

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Palantir CFO claims the firm is mulling adding crypto to its balance sheet

Palantir, an American software firm that specializes in big data, is contemplating adding Bitcoin (BTC) to its balance sheet. A report unveiled this news on May 11, citing the firm’s Chief Financial Officer, David Glazer, who shared this bullish during the company’s Q1 earnings call. дальше »

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E-Commerce Giant Ebay Now Allows NFT Sales Citing ‘Massive Wave of Attention’

Ebay, which has 187 million buyers on its platform, is now allowing the sale of non-fungible tokens (NFTs), the company has announced. Ebay says: “This is only the beginning. This initial rollout will help us learn more about what’s important to our community. дальше »

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HIVE Blockchain sells Norwegian data mining center, citing loss of government subsidies

Executive chair Frank Holmes described the sale as “unfortunate” but approved of the community continuing to find uses for the property. дальше »

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PayPal CEO praises crypto after surpassing Q1 earnings expectations

Dan Schulman, the CEO of payment giant PayPal, has come out to tout crypto following the firm’s exemplary performance in Q1, this year. A report unveiled this news on May 6, citing an earnings call, in which Schulman noted that PayPal’s crypto dealings helped push its earnings higher than expected. дальше »

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XRP lawsuit update: Ripple execs oppose SEC's motion for 'enlargement' citing impropriety

It would seem that the lawsuit between Ripple and the United States Securities and Exchange Commission is a long way from resolving itself. Within days of the regulatory agency filing a letter motion The post XRP lawsuit update: Ripple execs oppose SEC's motion for 'enlargement' citing impropriety appeared first on AMBCrypto. дальше »

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Bill Maher Mocks Bitcoin, Citing Warren Buffett, Bill Gates, Nassim Taleb

American comedian and television host Bill Maher mocked bitcoin and other cryptocurrencies, including dogecoin, on his show Friday. He quoted several bitcoin critics: Berkshire Hathaway CEO Warren Buffett, Microsoft founder Bill Gates, and “The Black Swan” author Nassim Taleb. дальше »

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Venture Capital Giant Is Planning to Raise $1 Billion to Invest In Cryptocurrencies and Startups

Andreessen Horowitz, a venture capital giant, is looking to raise as much as $1 billion in cryptocurrencies and crypto startups. This new fund aims to raise between $800 million and $1 billion from investors, reported the Financial Times, citing people familiar with the matter. дальше »

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Shark Tank’s Kevin O’Leary Says ‘Bitcoin Will Always Be the Gold,’ Citing Interest From ‘All Kinds of Institutions’

Shark Tank star Kevin O’Leary, also known as Mr. Wonderful, says “Bitcoin will always be the gold,” outperforming other cryptocurrencies, such as ethereum, in the long run. He said “there are interests being brought out of all kinds of institutions” for bitcoin. дальше »

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Uzbekistan presidential agency mulls lifting the ban on crypto trading

The National Agency for Project Management under the President of the Republic of Uzbekistan (NAFT) is contemplating lifting the ban on crypto trading in the country. A report unveiled this news on April 30, citing an official document that the agency issued. дальше »

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Bitcoin vs Ethereum: Investment Bank JPMorgan Explains Why ETH Is Outperforming BTC

Investment bank JPMorgan has published a report explaining why ether is outperforming bitcoin. Citing several key reasons, the firm concluded that “there is evidence of more resilient liquidity, less reliance on derivatives markets to transfer and warehouse risk, and more durable underlying demand base – for now at least. дальше »

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SBI CEO claims Ripple intends to go public after the SEC lawsuit

Yoshitaka Kitao, the CEO of leading Japanese financial firm SBI Group, has come out to say that Ripple will go public after the ongoing SEC lawsuit. A report unveiled this news on April 29, citing Kitao’s speech during an earnings presentation call. дальше »

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Bitcoin’s Time is Done Says Investment Chief, Citing Dated Technology

Bitcoin is now 12 years old. Although it has managed to fend off all newcomers to date, its time at the top may be coming to an end. That’s according to Fahad Kamal, the Investment Chief at private bank Kleinwort Hambros. дальше »

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Google Searches for ‘Bitcoin’ Hits New High in Turkey Following Ban on Crypto Payments

The search for “Bitcoin” on Google has soared to a new all-time high in Turkey following the ban on cryptocurrency payments in the country. A few days ago, the government placed a blanket ban on all use of cryptocurrency for payment in the country, citing concerns over the security of users’ funds. However, the ban […] дальше »

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Turkey's fourth-largest crypto-exchange shuts down citing 'intense transactions'

Cryptocurrency users in Turkey have received yet another blow within days after Vebitcoin, the fourth-largest crypto exchange in the country, collapsed. The crypto-exchange today announced that it wilThe post Turkey's fourth-largest crypto-exchange shuts down citing 'intense transactions' appeared first on AMBCrypto. дальше »

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Another Exit scam? Exchange founder flees the country, while users claim funds have been stolen

Bitcoin tumbled more than 4% on Friday after news broke out that Turkey’s central bank banned the use of cryptocurrencies and crypto-assets for purchases citing possible “irreparable” damage andThe post Another Exit scam? Exchange founder flees the country, while users claim funds have been stolen appeared first on AMBCrypto. дальше »

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