Financial advisor Ric Edelman, founder of Edelman Financial Engines and RIA Digital Assets Council, has recommended having bitcoin in investment portfolios despite the cryptocurrency’s volatility. “This is totally new and different and it’s the first genuinely new asset class in about 150 years,” he said, emphasizing that “It has tremendous investment opportunities.” Ric Edelman Sees …
Monthly archives: June 2021
Malta’s ‘Wild West’ Approach: Regulators Claim $70 Billion in Crypto Passed Through ‘Blockchain Island’
The island country of Malta in the Mediterranean Sea has been known to be friendly toward cryptocurrency solutions and blockchain technology for years now. According to a regional report, government sources say more than $70 billion moved through the country over past years while regulations were lax. Furthermore, the Financial Action Task Force (FATF) was …
400+ Miners Seized in Venezuela Due to Lack of Permits
Authorities seized more than 400 Bitcoin miners in Venezuela this weekend in two major confiscations. Local reports indicate military personnel seized 332 miners from a transport truck. In another procedure, authorities seized 72 miners hidden in a house. These activities resulted in the apprehension of four individuals. Mining in Venezuela is perfectly legal, but it …
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US Government Auctions Off Litecoin and Bitcoin Cash Seized From Tax Evader
The U.S. General Services Administration (GSA) is auctioning off Bitcoin Cash (BCH) and Litecoin (LTC) seized from a taxpayer for non-payment of internal revenue taxes. In a statement, GSA announces that the public is now able to bid on 11 stashes of cryptocurrencies, which include 8.93 BTC and 150.2 LTC with a combined market value …
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Bitcoin Falls 15% on Inflation Bombshell – eToro Crypto Roundup
Crypto sinks with stocks as the Fed acknowledges inflation. Bitcoin has fallen 15% over the last week as the market weighs the impact of big shifts in the crypto ecosystem and broader macro environment. On Wednesday, Fed chairman Jerome Powell acknowledged rising inflation, and responded by bringing forward the timing of the next interest rate …
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Here’s How Bitcoin Can Survive the “Death Cross,” According to Crypto Analyst Benjamin Cowen
Crypto analyst Benjamin Cowen is weighing in on one bearish indicator that has caught the attention of Bitcoin bulls. In a new strategy session, Cowen takes a look at the “death cross,” or the crossing of BTC’s 50-day moving average below the 200-day moving average. The event is usually seen by many traders as a …
Canadian regulator will hold hearing against Bybit for alleged violations of securities law
The Ontario Securities Commission has issued a notice stating that it will be holding a hearing against Bybit regarding the crypto exchange allegedly “flouting” Canadian securities law. In a Monday notice from the Ontario Securities Commission, or OSC, the regulatory body alleged Bybit had “failed to comply with the registration and prospectus requirements under Ontario …
Data shows Bitcoin bears dominate Friday’s $2.5B BTC options expiry
Bitcoin (BTC) price dropped roughly 22% over the past 7 days, retesting the $31,700 area for the second time in June. The most pressing news for the negative performance has been China supposedly cracking down bank accounts of over-the-counter desks, according to some analysts: China cracking down on the bank accounts of #bitcoin OTC desks, …
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Institutional selling of crypto reaches longest streak since Feb 2018
Institutional managers continued to take profits on their cryptocurrency holdings, with funds dedicated to Bitcoin (BTC) registering their sixth consecutive weekly outflows, according to CoinShares. Outflows from digital asset investment products totaled $79 million last week, marking the third consecutive weekly decline and the longest stretch of drawdowns since February 2018. Outflows from Bitcon funds …
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Price analysis 6/21: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC
In a bearish environment, traders latch on to every bit of negative news and make that a an excuse to sell. Bitcoin (BTC) dropped over $1,000 within a few minutes as news hit the stands that the third-largest Chinese bank, the Agricultural Bank of China, will not allow the use of its services for crypto …
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Bitcoin Slumps as China Tightens Regulations, HT, DOGE, XDC, Jun. 21
Bitcoin price is lower on Monday after China blocks banks from Cryptocurrency activities. XDC rises 20% with Flare Finance partnership. BTC Bitcoin has dropped to the $33k level and may look to test the May price lows at $30k after China’s central bank tightened restrictions on the cryptocurrency market. The People’s Bank of China (PBOC) …
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UTU and Ocean Protocol Partner To Enhance Trust in the Data Economy
June 21, 2021 – Nairobi, Kenya UTU, a decentralized trust infrastructure provider building new models of digital trust via artificial intelligence and blockchain, has partnered with Ocean Protocol to launch its trust infrastructure on the Ocean Market data marketplace and explore ways to share data. Ocean Protocol is an ecosystem that unlocks the value of …
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Legendary Trader Peter Brandt Says He’s Now More Comfortable Holding Cash Than Crypto – Here’s Why
Veteran analyst and crypto trader Peter Brandt says he’s now more comfortable holding cash than Bitcoin and crypto. In a new tweet, Brandt tells his 535,600 followers that he trimmed his crypto holdings which previously made up 25% of his investment portfolio. ADVERTISEMENT “Crypto was once 5% of my invested capital, then became 25%. …
SEC Looks To Implement New Crypto Regulations, Says Commissioner Hester Peirce
Hester Peirce, Commissioner of the U.S. Securities and Exchange Commission (SEC), is hinting that new crypto regulations may be around the corner. In an interview with Bloomberg, Peirce names three main aspects of the crypto space that she hopes to tackle soon. ADVERTISEMENT “I hope that we can provide clarity in a few different …
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Zebpay will join organization proposing regulatory framework for crypto in India
Cryptocurrency exchange Zebpay and others doing business in India will reportedly be joining IndiaTech, an association aimed at providing regulatory clarity for crypto in the country. According to a Monday report from The Economic Times, executives from some of India’s crypto exchanges said their businesses are considering joining IndiaTech in an effort to pressure the …
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