The booming of the crypto coins like Bitcoin in different regions and nations is unstoppable. This has recently been observed in the case of the Central African Republic (CAR). Of course, one of the major questions that have remained unanswered is whether Bitcoin adoption can work in such a developing country. CAR betting on Bitcoin The […]
Traders’ risk appetite seems untainted as speculation around LUNA runs wild once again. Bitcoin (BTC) failed to reclaim $30,000 into May 14 as traders looked forward to a relatively stable weekend. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitfinex longs gather strength Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it lingered below the $30,000 mark, now
Bitcoin stays under $30K as LUNA gains 600% during ‘insane volatility’ Read More »
As yet another altcoin nears zero, the event reminds the community why Bitcoin is the only authentic cryptocurrency. Terra is crumbling. The blockchain project home to the popular algorithmic stablecoin TerraUSD (UST), which had recently become the fourth-largest stablecoin by market value but now sits at fifth, is near collapse as UST repeatedly fails to sustain
WHAT TERRA’S COLLAPSE TEACHES ABOUT ‘CRYPTO’ AND BITCOIN Read More »
KEY POINTS Amazon founder Jeff Bezos took aim at Joe Biden on Friday over the president’s tweet that said inflation could be brought down by taxing wealthy corporations. Biden earlier in the day tweeted: “You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share.” Bezos responded: “Raising corp taxes
Amazon’s Bezos criticizes Biden over inflation tweet Read More »
The Shanghai High People’s Court has declared bitcoin to be a virtual asset protected by Chinese law. The court notes that the cryptocurrency has economic value. Bitcoin Is Property Protected by Law in China The Shanghai High People’s Court has declared that bitcoin qualifies as a virtual asset protected by Chinese law despite the ban
KEY POINTS Japanese conglomerate SoftBank Group may for the first time spend more on share buybacks than investments through its landmark Vision Fund, according to CLSA’s Oliver Matthew. SoftBank on Thursday posted a record $27 billion loss in its Vision Fund as tech stocks have plummeted in recent months. Shares of SoftBank soared more than
The fund is one of the few ways for stock traders in the U.S. to gain exposure to the price movements of bitcoin. The $18.3 billion Grayscale Bitcoin Trust (GBTC), the world’s largest bitcoin (BTC) fund, has seen its market discount widen to an all-time low of 30.79% this week as crypto markets suffered one
Grayscale Bitcoin Trust Discount Widens to All-Time Low of 30.79% Read More »
Emirates is embracing new technologies such as the metaverse and NFTs to expand its reach, according to chief operating officer Adel Ahmed Al-Redha. Emirates, the largest airline in the United Arab Emirates (UAE), announced that it has plans to implement Bitcoin (BTC) payments and launch nonfungible tokens (NFTs) to be traded through the company’s websites.
Bitcoin to the sky: Emirates to accept BTC payments and launch NFT collectibles Read More »
Nomura Holdings began trading bitcoin derivative contracts this week including options and futures citing increased institutional demand. Nomura Holdings, Japan’s largest brokerage, now offers bitcoin-based derivatives. Available derivative contracts are non-deliverable forward and options, as well as futures and options contracts. Nomura’s economic consulting arm Nomura Research Institute launched a crypto-asset index in 2020. Nomura Holdings Inc,
JAPAN’S LARGEST BROKER NOMURA NOW OFFERS BITCOIN DERIVATIVES Read More »
Tesla and Spacex CEO Elon Musk says that dogecoin has potential as a currency. However, his Twitter buyout deal has been put on hold “pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users.” Elon Musk Says Dogecoin Has Potential as a Currency Tesla CEO Elon Musk has made another
