Can BitMEX and Bitcoin beat Elon Musk and Dogecoin to launch the first crypto asset into lunar orbit? A 21st-century space race appears to be brewing between Elon Musk and BitMEX, with both parties pledging to launch their respective crypto of choice to the literal moon first. On June 4, the popular crypto derivatives exchange …
Continue reading “DOGE vs BTC: Elon Musk declares crypto ‘space race’ with BitMEX has begun”
New submissions by a South African regulator, the Financial Sector Conduct Authority (FSCA) and liquidators have exposed the web of lies and deceptive tactics that were used by Mirror Trading International (MTI) CEO Johann Steynberg and others to perpetuate the Ponzi scheme. Undeclared Losses In its report filed with the South African court, the regulator …
The Danish tax ministry is reportedly mulling over revising the country’s tax law to deal with the challenges posed by cryptocurrencies. Denmark’s tax authority is concerned about the rising risk of fraud and widespread filing errors involving cryptocurrencies. Denmark to Revamp Tax Law to Deal With Cryptocurrency Denmark is considering revamping its tax code in …
Continue reading “Denmark to Revise Tax Law to Target Cryptocurrencies”
Berkshire Hathaway, the company led by CEO Warren Buffett, has invested $500 million in a pro-bitcoin digital bank. Nubank says it will offer bitcoin investment following its acquisition of brokerage firm Easynvest which offers the trading of Brazil’s first bitcoin exchange-traded fund (ETF). Berkshire Hathaway Invests in Pro-Bitcoin Digital Bank Warren Buffett’s Berkshire Hathaway Inc. …
Continue reading “Warren Buffett’s Berkshire Hathaway Invests in Bitcoin-Friendly Digital Bank”
An asset management firm with nearly $160 billion in assets under management, Victory Capital, has announced that it is entering the cryptocurrency market. The firm has established exclusive agreements with Nasdaq and asset manager Hashdex. Asset Management Firm Entering Crypto Market Victory Capital Holdings Inc. (Nasdaq: VCTR) unveiled its plans to enter the cryptocurrency market …
Continue reading “$160 Billion Asset Manager Entering Crypto Market in Collaboration With Nasdaq”
New York senators have amended a proposal to ban all crypto mining for three years, and are now seeking to only stop mining firms backed by carbon-based fuel sources. A proposed crypto mining ban calling for a forced three-year hiatus on all mining operations in New York has been watered down — and will now …
Continue reading “Proposed New York Bitcoin mining ban watered down to allow green projects”
A stream of bullish Bitcoin adoption news helped to push BTC price back above $37,000 but traders are unsure if the 20% move confirms a trend reversal. The cryptocurrency market flashed bullish on June 9 as Bitcoin (BTC) price reversed course and rallied 20% to $37,500. For the past few weeks, analysts had been debating whether …
Continue reading “Bullish reversal? Traders debate whether $37K BTC price is a trend reversal”
Iran President Hassan Rouhani wants to protect national interests regarding crypto. Iran is looking for ways to introduce a legal framework for cryptocurrencies, while Bitcoin (BTC) mining remains under embargo in the country. During the cabinet’s Economic Coordination Board meeting on Tuesday, Iranian President Hassan Rouhani emphasized the need to legalize cryptocurrency activities to preserve …
Continue reading “Iranian president calls for legal framework for crypto trading”
President Nayib Bukele’s “Bitcoin Law” was passed by the Salvadoran Legislative Assembly. The bill introduced by the president of El Salvador to make Bitcoin (BTC) legal tender in the nation passed the Legislative Assembly with a supermajority just before 6:00 am UTC. In a Twitter Spaces conversation with 22,000 listeners that began just after 5:00 …
Continue reading “Bill to make Bitcoin legal tender passes in El Salvador”
“The threats posed by crypto show that congress and federal regulators can’t continue to hide out, hoping crypto will go away,” said the Massachusetts senator. Democratic Senator Elizabeth Warren did not mince words when it came to criticizing crypto, but seemed to consider a federally-backed digital currency as a possible solution to address problems around …
Continue reading “Elizabeth Warren compares ‘bogus’ crypto to ‘legitimate’ CBDCs in senate hearing”
Bitcoin is heating up — some may say erupting — as the Latin American country plans to tap energy from volcanoes for mining the cryptocurrency. Nayib Bukele’s plans for crypto in El Salvador are still in motion, with the president now calling for a geothermal power company to make certain facilities available to Bitcoin miners. …
Continue reading “El Salvador’s president wants to build volcano-powered crypto miners”
Interactive Brokers wants to offer as-of-yet unnamed cryptocurrencies to its traders. United States foreign exchange company Interactive Brokers will offer direct cryptocurrency trading to clients within months, a report says. Speaking at the Piper Sandler Global Exchange & FinTech Conference on Wednesday, founder Thomas Peterffy revealed that the firm had opted to enter the crypto market. …
Continue reading “Major US trading platform Interactive Brokers to offer cryptocurrency trading”
Kraken, Bitfinex and KuCoin could become the next major crypto exchanges to attempt to service India’s estimated 15 million crypto investors. Some of the biggest names in the crypto exchange business are reportedly eager to capture India’s cryptocurrency trading market, even as the government is yet to issue clear-cut regulatory policies. According to Reuters, sources …
Continue reading “Crypto exchange giants mulling India foray despite regulatory uncertainty”
Bitcoin Price Prediction – June 9 The Bitcoin price is trading nicely above the $36,500 and the coin must climb above the $37,000 resistance to continue higher. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $43,000, $45,000, $47,000 Support Levels: $28,000, $26,000, $24,000 BTCUSD – Daily Chart BTC/USD begins to improve today, although …
Continue reading “Bitcoin Price Prediction: BTC/USD Price Stables Above $36,500”
Iranian president Hassan Rouhani discussed cryptocurrencies at the most recent meeting of the government’s Economic Coordination Board and told participants that regulatory policy is needed to protect consumers. Rouhani believes the Iranian government should “communicate the necessary laws and instructions” as soon as possible so dishonorable crypto businesses are avoided. Regulation Necessary to Keep ‘Unprofessional’ …
