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The US Senate considers adopting a bill that as it describes would mitigate risks to the US financial system that it finds may come from El Salvador's adoption of BTC as legal tender. Senators Jim Risch, Bob Menendez, and Bill Cassidy introduced the act on February 16. The bill would require...
The Salvadoran government made a decision to put off the launch of Bitcoin bonds as the current market conditions are unfavorable. Finance Minister Alejandro Zelaya talked about it during an interview with the TV show "Frente a Frente" President Nayib Bukele first revealed the plans to...
Many representatives of the cryptosphere are positive about the long-term prospects for Bitcoin (BTC). For example, Galaxy Digital CEO Mike Novogratz said last week that BTC would set a new record in the next three years. According to his forecasts, the bitcoin rate will reach $500,000. BitMEX...
Galaxy Digital CEO Mike Novogratz represents the so-called bitcoin bull camp. He periodically predicts that in the long term, the value of bitcoin will reach unprecedented heights. This week, the billionaire announced the rise of cryptocurrency to $500,000. Moreover, in his opinion, this will...
The Bitcoin network has seen a weakening of whale activity over the past few days. According to the Santiment team, the number of transactions worth more than $100,000 fell to the lowest level in a year. A similar situation is observed on Ethereum. Researchers believe that most of the largest...
The CEO of the financial services and investment management company Galaxy Digital, Mike Novogratz says the world won't switch to bitcoin overnight, but we are entering the world where people will try to figure out what is the reserve currency, looking to different assets like gold and digital...
American law enforcement officers seized about $ 450,000 worth of bitcoins, which phone scammers stole from an elderly US citizen. This is stated in a statement by the District Attorney of the State of North Carolina Dena King. In August 2021, attackers, presumably from abroad, called a resident of...
During the Asian session on March 16, Bitcoin (BTC) rose above $40,000 several times. However, resistance increased again in this area, and the coin retreated to its previous positions. During European trading, BTC again jumped to $40,350, adding about 4.4% per day. The stock market turned out to...
MicroStrategy CEO Michael Saylor is widely known as a bitcoin fanatic. He periodically states that BTC will rise in price as this asset forms a new financial system. During a speech at the Economic Club of New York, he compared cryptocurrencies to real estate that an investor purchases in an...
At the end of last week, the International Narcotics Control Board released a report expressing concern that Mexico's drug cartels were using bitcoin. The researchers found that criminal communities from Jalisco and Sinaloa are increasingly using cryptocurrency in their financial schemes....
Senator Elizabeth Warren is drafting a bill to make it harder to circumvent economic sanctions with digital currencies. This politician represents the camp of supporters of strict crypto regulation in the American establishment. She has repeatedly demanded from Congress and the government to...
Against the backdrop of weakening activity on the Bitcoin and Ethereum blockchains, transaction fees have been decreasing over the past few weeks. According to BitinfoCharts, the average Bitcoin transaction fee has dropped to $1.59. Ethereum fees plummeted to their lowest level since August last...
The bitcoin hashrate in mid-February reached an all-time high. Computing power exceeded 215.5 exahash per second (EH/s). Over the past six months, they have increased by about 45%. Then the activity of the miners began to fall, and already on February 28, the hashrate fell to 190.6 EH / s, but then...
The Bank of Russia still advocates a complete ban on the circulation and mining of cryptos. This was stated by the head of the expert group of the Department of Financial Technologies of the CB of the Russian Federation Maria Telegina. The sanctions did not force the regulator to reconsider its...
The volume of BTC transactions in China has fallen to a minimum, thanks to the restrictive policy of the Central Bank. The regulator made a corresponding statement in the middle of the week. Recall that the Chinese authorities began last spring to oust not only miners from the market but also...
Bitcoin (BTC) continues to trade in a narrow range from $43,000 to $45,000. On Thursday, March 3, the BTC rate sank to $43,176, but many analysts predict that the coin will be able to win back losses very soon. Optimistic, for example, the CEO of deVere Group Nigel Green. In his opinion, an...
Crypto funds have been raising institutional capital for five consecutive weeks. In another study by the CoinShares team, it is noted that at the end of the past week, the number of funds invested in such products amounted to $36 million. If the American institutions sent $95 million to them, the...
The Chicago Mercantile Exchange (CME) will launch option contracts, the underlying assets of which will be microfutures on Bitcoin and Ethereum. Trading in instruments will start on March 28, 2022, after approval by regulators. “Option contracts will allow traders to effectively hedge market...
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