Jackson, Tennessee’s mayor is a fan of bitcoin and he wants the city to become a bitcoin hub in order to entice technology companies and innovation. Jackson’s mayor Scott Conger is in the midst of discussing creating legislation that allows Jackson residents to pay property taxes with bitcoin. Jackson, Tennessee’s Mayor Is a Fan of …
Yearly archives: 2021
IMF, World Bank, BIS Recommend Countries Work Together on CBDCs to Enhance Cross-Border Payments
The International Monetary Fund (IMF), the World Bank, and the Bank of International Settlement (BIS) have conducted an extensive study of using central bank digital currencies (CBDCs) for cross-border payments. Their report to the G20 states that enhanced cross-border payments “can be achieved … as long as countries work together.” The Committee on Payments and …
Ethereum Co-Founder Says He’s Quitting Crypto – Here’s Why
Anthony Di Iorio, co-founder of Ethereum and crypto entrepreneur, says he’s quitting crypto. In a new report from Bloomberg, Di Iorio says that he’s leaving crypto behind, partially due to “safety concerns.” ADVERTISEMENT Di Iorio is the CEO and co-founder of Canadian blockchain company Decentral, which created Jaxx, one of the most popular crypto …
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Tennessee Mayor Calls Bitcoin the Only Fix for Inflation, Announces New Strategy To Embrace BTC
The mayor of Jackson, Tennessee sees Bitcoin (BTC) as a tool that can address the declining value of the US dollar. Mayor Scott Conger says that he’s gravely concerned about the rapid rise of inflation in the country as he offers a way out of the US dollar’s deteriorating value. ADVERTISEMENT “Why do we accept …
Cardano Holding Up Well for These Reasons, According to Crypto Analyst Benjamin Cowen
Top crypto analyst Benjamin Cowen is outlining why he believes scalable blockchain platform Cardano (ADA) is performing well amid a broader corrective period in the crypto markets. In a new video, Cowen reasons that the fifth-largest asset by market cap is trending well because its platform is easy to use and to validate. Cardano’s validators …
$31.5K Bitcoin price on track for lowest weekly close of 2021
Bitcoin (BTC) was on track to lose nearly $3,000 this week as a weekend of mixed price behavior came to an end. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader hopes for last-minute BTC price volatility Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading at just above $31,500 late Sunday — a potential -$2,800 …
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Guggenheim’s Scott Minerd Weighs In on State of Bitcoin As BTC Approaches $30,000
Guggenheim Partners founder Scott Minerd is offering a bleak short-term outlook on Bitcoin’s price action. Minerd says that he sees a breakdown in Bitcoin’s price, considering that BTC has tapped its immediate support multiple times. ADVERTISEMENT “A technician’s rule to remember with Bitcoin: ‘Every time a support level is tested it becomes weaker.’ That …
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Analyst: ‘Bitcoin Correction Very Similar to 2013 — BTC May Remain Stuck at $30K for a While’
The analytics provider Ecoinometrics has published a tweetstorm that shows the current downward spiral from bitcoin’s all-time high is one of “the longest drawdowns bitcoin has had to deal with during a post-halving bull market.” Furthermore, the same day, analyst and economist, Julio Moreno, highlighted in a recent blog post that “in bitcoin, volatility is …
These Are the Crypto Economy’s 5 Most Expensive Assets per Unit
On July 18, the most valuable cryptocurrency in terms of dollars per unit, is bitcoin which is currently trading for $31,693. Besides all the wrapped bitcoins and synthetic bitcoin pegs, the second-highest valued crypto-asset per unit is yearn finance and maker follows behind. Removing the market capitalization positions and viewing crypto assets in this way …
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Report Claims Nayib Bukele’s Regime May Issue a Salvadoran Stablecoin
According to regional reports, El Salvador’s current leadership is in the midst of developing a stablecoin backed by the U.S. dollar. Meanwhile, others believe the stablecoin idea was scrapped now that Nayib Bukele’s government chose to leverage bitcoin. Some Say the Colón-Dollar Is Being Developed, Others Claim the Salvadoran Stablecoin Idea Was Scrapped There’s lots …
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Crypto Whales Increase Bitcoin Holdings, Adding $3,210,000,000 in BTC to Portfolios Since May: Santiment
Crypto analytics firm Santiment says deep-pocketed investors are accumulating Bitcoin amid the sustained downturn in the markets. Santiment says that a certain cohort of BTC investors has been growing in population since the crypto market crash in May. ADVERTISEMENT “Bitcoin may have dropped to [$31,000] Thursday, but the BTC ‘millionaire tier’ of addresses holding between …
Four North American Bitcoin miners that could benefit from the East-West shift
Even before China finally wielded the ban hammer on crypto mining, Bitcoin (BTC) miners in North America had been building up their capacity amid efforts to gain a larger share of the global hash rate distribution. From building bigger data centers to acquiring hardware inventories, these establishments have been making concert efforts to balance the …
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Bitcoin sees second-longest bull market drawdown with BTC price ‘stuck’ at $30K
It’s now three months since the last Bitcoin (BTC) all-time high, but one measure suggests that holders may be waiting even longer for the next. In a series of tweets on July 17, analytics service Ecoinometrics revealed that this year’s descent from all-time highs is the second-longest in Bitcoin bull market history. $30,000 may stay …
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Bitcoin Could Bottom at around $14k to $15k – BTC Analyst
Bitcoin could bottom at around $14k to $15k Bitcoin also has a probability of bottoming at the 50-week moving average The 50-week MA is providing support at current levels around $31k Whichever scenario plays out, beginning to accumulate Bitcoin is not a bad idea $31k is the Bitcoin level to watch during the weekly close …
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Federal Judge Allows Ripple to Question Former SEC Director in XRP Lawsuit
The US Securities and Exchange Commission’s (SEC) lawsuit against Ripple is taking a new turn, as a federal judge declares Ripple can depose former SEC Director of Corporation Finance William Hinman. The SEC previously sought to block Ripple from having Hinman questioned, stating that the San Francisco-based company doesn’t have the “exceptional circumstances” necessary to …
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