A business unit within Malta’s Chamber of Commerce has struck down allegations that the country failed to uphold proper regulatory oversight of cryptocurrency businesses in its early embrace of the industry in 2017 and 2018. The Virtual Financial Assets Agents Business Unit of the Malta Chamber of Commerce responded to a Sunday report from the …
Monthly archives: June 2021
If the peer review system is broken, what the hell is the point of Cardano’s reliance on it?
In a recent interview with Lex Fridman, Charles Hoskinson — founder of Cardano and co-founder of Ethereum — offered his views on Bitcoin (BTC). The 33-year-old was less than complimentary, calling it “slow” and in desperate need of an upgrade. Hoskinson also took issue with the recent Bitcoin 2021 conference in Miami, comparing the whole …
BTC dumps after Agricultural Bank of China issues, deletes, and reissues Bitcoin ban notice
The Agricultural Bank of China (ABC) published a Bitcoin (BTC) ban announcement, restating its services must not be used for cryptocurrency-related transactions and activities, only to delete it within minutes, pause for a few hours, and then publish the ban all over again. ABC is one of the “Big Four” banks in the country, state-controlled …
How NFTs are boosting efforts to save endangered Rhinos
Last week saw Saving the Survivors, the Lady Rocket Foundation, and Copernic Space announce their launch of the Satellite Rhino non-fungible token (NFT) series to help finance the organization’s needs to better rescue Rhinos from poaching. The organization, which directs many of its efforts to help sustain the dwindling population of rhinos around South Africa, …
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MicroStrategy buys 13,005 more Bitcoin, now holds 105,000 BTC
Business analytics firm MicroStrategy has acquired 13,005 Bitcoin (BTC), CEO Michael Saylor said in a tweet today. The firm now holds over 105,000 Bitcoin in total as a result. “MicroStrategy has purchased an additional 13,005 bitcoins for ~$489 million in cash at an average price of ~$37,617 per bitcoin,” tweeted Saylor, adding: “As of 6/21/21 …
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Microstrategy Buys $489M Worth of Bitcoin — Company Now Holds More Than 100,000 BTC
The independent, publicly-traded business intelligence company Microstrategy announced the acquisition of 13,005 bitcoin on Monday, at a purchase price of approximately $489 million in cash. The company’s CEO Michael Saylor revealed the latest purchase on Twitter, and the firm now has more than 100,000 bitcoins on its balance sheet. Microstrategy Now Holds 105,085 Bitcoin Michael …
The US Government Is Auctioning $377K Worth of Bitcoin and Litecoin
The U.S. government is selling bitcoin and litecoin worth $377K via the General Services Administration (GSA). The auction closes at 5 p.m. on Monday, with the possibility of an extended closing time. The government auction house is selling the digital assets in 11 lots and so far, the lots have seen active bidding. The GSA …
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PBOC Instructs China’s Banks to Forbid All Cryptocurrency Related Activities Immediately
China’s central bank has sent notice to the country’s financial institutions instructing them to stop dealing with cryptocurrency transactions. The disclosure notes that the People’s Bank of China (PBOC) aims to protect Chinese citizens and “combat the speculation of Bitcoin and other virtual currency transactions.” PBOC Tells Banks to Stop Dealing With Crypto Exchanges and …
New World Bank Report: Nigeria’s Exchange Rate Policies Fueling Inflation, Affecting Food Prices
Nigeria’s use of multiple exchange rates regimes may have contributed to a rise in the country’s inflation rate, the latest World Bank report has said. In addition, the report says ongoing restrictions on the use and movement of foreign exchange are “further pushing up prices of food and agricultural inputs like fertilizer.” Misaligned Exchange Rates …
PlanB Outlines ‘Worst Case Scenario’ for 2021 As Bitcoin and Crypto Markets Tumble
Bitcoin is once again moving to the downside – and it’s taking the altcoin market along for the ride. The pullback comes amid reports that China’s crackdown on Bitcoin mining has reached the major mining center of Sichuan. At time of publishing, BTC is down 7.6% in the last 24 hours at $32,981, according to …
Coinbase-backed Securitize secures $48M in Series B funding
Morgan Stanley has made its first capital investment foray into the blockchain space, co-leading a $48 million funding for Securitize. According to a release issued on Monday, the Coinbase-backed asset tokenization outfit has completed a Series B funding round that drew participation from Morgan Stanley Tactical Value-managed investment funds and Blockchain Capital. Other participants in …
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Nvidia GPU prices in China fall amid crypto mining crackdown
Amid the ongoing crackdown on cryptocurrency mining in China, prices of graphic cards from major GPU providers like Nvidia and Asus are becoming more affordable. According to a Monday report by South China Morning Post (SCMP), prices of some graphic cards have tumbled as much as two-thirds on Chinese e-commerce platforms after Sichuan province terminated …
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El Salvador adopting Bitcoin could make it lose market dominance
El Salvador recently added Bitcoin as legal tender. In barely over a decade, an open-source, cypherpunk, radically new money system, with no publicly known creator and open to participation in both using and building from anyone in the world, has gone from zero value and branded as a tool for criminals to now being accepted …
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MicroStrategy expands company’s Bitcoin holdings with $489M purchase
MicroStrategy has bought even more Bitcoin (BTC) despite the current price struggles for the largest crypto by market capitalization. According to an announcement on Monday, the business intelligence firm purchase 13,005 BTC at an average price of $37,617 for a combined total of about $489 million. Monday’s report takes MicroStrategy’s Bitcoin balance sheet north of …
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Bank TSB set to bar 5.4M customers from buying crypto
United Kingdom-based financial institution TSB Banking Group Plc. will soon ban its over 5.4 million customers from buying Bitcoin (BTC) and cryptocurrencies. According to a report by The Telegraph on Saturday, the bank’s imminent crypto ban is due to alleged cases of fraud associated with cryptocurrency transactions. Bank TSB has reportedly received a plethora of …
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