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The Central Bank of the Republic of Turkey presented a report to parliament detailing its views on cryptocurrencies. The document, which fell into the hands of journalists, lists the inherent risks of digital assets. In particular, the Central Bank drew attention to environmental problems....
Ron Paul, former U.S. Representative for Texas's 22nd congressional district, said in a recent interview that he finds Bitcoin is a form of money and should be treated like that. There were discussed topics as inflation and issues with money printing and supply. Dr. Paul has always been a...
Events in May 2021 led to a decrease in bitcoin on-chain activity. The 7-day moving average of active addresses has dropped to its lowest since November 2020. The peak of the indicator fell in January of this year, the maximum value in May (1.235 million) almost reached it. Analysts stressed that...
Max Kaiser, TV presenter and founder of Heisenberg Capital, expects the price of bitcoin to rise by 500% in the second half of 2021 to reach $ 220,000, according to Scott Melker's The Wolf Of All Streets podcast. In his opinion, the inflation of the US dollar stimulates the strengthening of the...
At the end of last week, the head of the Central Bank of Japan, Haruhiko Kuroda, criticized bitcoin and called it a speculative instrument. Before this, the cryptocurrency was attacked by the leaders of the Central Banks of Canada, Great Britain, and several other countries. Now they are joined by...
In May Bitcoin's price saw a 36% decline, which is the worst drop after November 2018. The cryptocurrency was traded at around $58.000 at the beginning of May and closed the month with a price of about $37.000. Data shows that 47% fall happened from 14 May to 20 resulted in $14.2 billion...
In May 2021, the trading volume on crypto exchanges reached a record high of $ 2.27 trillion. The Binance trading platform is ranked #1 in the crypto-to-crypto segment (the main exchange does not offer USD trading). Trading volume in May - $1.5 trillion. Bitcoin exchange Coinbase leads the...
The Central Bank of Canada has no plans to launch a CBDC yet. However, the deputy head of the Central Bank Timothy Lane has already promised that the regulator’s token will be much more environmentally friendly than bitcoin. If the largest cryptocurrency causes huge harm to the environment and is...
The second-largest cryptocurrency in terms of capitalization is much more useful than bitcoin thanks to the presence of smart contracts, said Todd Morley, co-founder of Guggenheim Partners and head of the Overline blockchain project. Another distinguishing feature of Ethereum, Morley called the...
New York-based investment management company ARK Invest, which is focused on innovations, put $22 million into Bitcoin. The investment is shown in the company's daily purchase report that publishes trades carried out through ETFs. On May 23, the ARK Next Generation Internet ETF bought 516.001...
Colorado may become the first state to allow residents to pay taxes in cryptocurrencies. Governor Jared Polis will discuss this possibility with the State Treasury Secretary. “Colorado is and will remain the center of blockchain innovation in infrastructure, digital identity, and personal data...
On May 24, Elon Musk tweeted about Doge, suggesting people interested in the coin's development share ideas on GitHub and Reddit forums. If you’d like to help develop Doge, please submit ideas on GitHub & https://t.co/liAPQMFaQB @dogecoin_devs— Elon Musk (@elonmusk) May 24, 2021 ...
American billionaire entrepreneur, the founder of the largest hedge fund Bridgewater Associates, Ray Dalio disclosed he holds some Bitcoins during Coindesk's 2021 Consensus Conference. The billionaire talked about types of inflations stating he prefers Bitcoin over a bond in such case. He finds...
In honor of the annual holiday Bitcoin Pizza Day, the management of the Dutch franchise Domino's Pizza offered employees to receive a salary in the first crypto. Immensus Holding operates 16 Domino's pizzerias in the Netherlands with over 1000 employees. They will be able to decide how much of...
The Bank of Canada has had a negative attitude towards Bitcoin and other cryptocurrencies over the past few years. Back in 2019, the head of the Central Bank Stephen Poloz noted that it is better to use fiat money, not BTC. A similar statement was published by the Canadian regulator at the end of...
While most cryptocurrencies have been seeing major declines through the week, some of the BTC exchange-traded funds of Canada face problems. The news came from Financial Times which announced that two funds run by Horizons ETFs issued a market disruption warning for investors. That is a situation...
The report of the investment bank JP Morgan says that the fall in the value of bitcoin was the result, among other things, of the transition of some large investors to gold. Today the cryptocurrency is trading at $ 38,900. The day before, the bitcoin rate fell below $ 31,000. Support returned on...
After seeing a major decline and dropping to $30.600, the price of Bitcoin seems to be recovering. The cryptocurrency gained $10.000 in a day and currently trades at around $39.900. BTC dominance index stands at 43.09% which is up by 2.7% in a day and the market cap is $753.9 billion. Most...
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