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SkyBridge Capital CEO Says Institutions Are Not Yet In Bitcoin
Anthony Scaramucci, CEO of hedge fund SkyBridge Capital, says institutional support in bitcoin is still not there. He says the crypto market first needs to be regulated. Demand for crypto, however, is not missing. Read more to learn the details.
Elon Musk Says US Government Should “Do Nothing” for BTC Regulation
Elon Musk said the US government should not get involved in crypto through regulations. Speaking at the annual Code Conference, he addressed China’s role in the digital asset space and provided his outlook for crypto. Read more to learn the details.
The Economist Says It’s Wise to Own BTC, Calls It Nobel-Prize Worthy
The Economist Says It’s Wise to Own BTC, Calls It Nobel-Prize Worthy Key Takeaways: The Economist says it’s wise to include bitcoin in an investment portfolio “It is a Nobel prize-winning diversification strategy,” the magazine says It’s Wise to Hold Bitcoin According to the Modern Portfolio Theory One of the oldest and most respected […]
Bitcoin Has Led to Change, but Needs Regulation, Says Gary Gensler
The SEC Chairman, Gary Gensler, appeared in an online event to address the challenges and opportunities ahead for bitcoin. While he acknowledged bitcoin has led to change, he called for the need of regulation. Read more to learn the details.
El Salvador Steps in and Buys the Dip, Owns 700 Bitcoins
El Salvador, the nation that made bitcoin legal tender two weeks ago, continues to dive deeper into the bitcoin world. The country added 150 new coins during yesterday’s dip, paying about $30 million for the purchase. Read more to learn how president Nayib Bukele bought the dip.
A Wave of Countries Lined Up to Legalize Bitcoin After El Salvador
After El Salvador’s legalization of bitcoin as a national currency, a number of countries have expressed desire to become the next ones to embrace the original cryptocurrency. Read more to learn which countries are working to join the bitcoin revolution.
SkyBridge Capital CEO Sees Bitcoin at $100K by End of 2021
Anthony Scaramucci, a former White House employee and the founder of hedge fund SkyBridge Capital, forecasted the price of bitcoin could double from current levels and reach a price of $100,000 by the end of the year. Read more to learn the details.
SEC Chair Gary Gensler to Address Crypto Regulation Before Senate
Gary Gensler, the Chairman of the Securities and Exchange Commission, is expected to appear before lawmakers in Washington to address the need for investor protection in the cryptocurrency market. In his prepared remarks, Mr. Gensler says crypto finance needs a regulatory framework. Read more to learn the details.
US Consumer Survey Shows Almost Half Invested in Cryptocurrency
A survey commissioned by crypto platform Bakkt showed the US consumer base is increasingly interested in investing in cryptos. Nearly half of the respondents said they have invested in the fast-emerging digital asset market. Read further to learn the details.
Bitcoin Price Poised to Grind Higher, Says Fidelity’s Global Macro Head
The Director of Global Macro at Fidelity, Jurrien Timmer, recently posted a series of tweets filled with charts and analysis that pointed bitcoin’s price was set to elevate from current levels. Read more here to see what’s in store for bitcoin, according to Mr. Timmer.
Third Person to Ever Own Bitcoin: “$100K is Quite Possible in 2021”
Adam Back, a cryptographer from the early days of Bitcoin and the CEO of Blockstream, said bitcoin’s price could double from current levels to reach as high as $100,000 by year-end. Read further to see his take on the original coin.
Britons Widely Oppose a Digital Version of the Sterling, Survey Shows
A recent survey of 2,500 British adults has indicated the majority of the polled do not believe in a central-bank backed digital sterling. The UK’s central bank, however, thinks it could be a good idea. Read on to learn the details.
Wells Fargo Launches a Bitcoin Fund, SEC Filing Confirms
Wells Fargo, one of the biggest and oldest banks in the US, is set to launch a Bitcoin fund that would give the bank’s wealthy clients indirect access to Bitcoin. Wells Fargo is the latest of the major US banks to join the crypto wave. Read more to learn the details.
More Than 85,000 Swiss Merchants Now Accept Bitcoin
Crypto firm Bitcoin Suisse and payment provider Worldline have joint efforts to offer bitcoin payments to more than 85,000 businesses in Switzerland. The step marks a historic milestone for the Swiss business sector. Read further to see the details.
Former SEC Chairman Jay Clayton Joins Crypto Platform Fireblocks
Jay Clayton, the SEC chair during the administration of Donald Trump, has joined the advisory board of Fireblocks. His responsibilities will include educating investors about crypto security. He also wants to see regulations introduced to the crypto market. Read further to learn the details.
Billionaire Ray Dalio Reiterates Regulation Could Hurt Crypto
Ray Dalio, founder and chairman of the world’s largest hedge fund, Bridgewater Аssociates, shares his thoughts on bitcoin and gold. He also voices his concerns over a potentially harmful crypto market regulation. Read on to learn what Mr. Dalio said.
SEC Chair Gary Gensler Requests Authority to Regulate Crypto
Gary Gensler, Chairman of the SEC, has reiterated his intention to regulate the cryptocurrency market. In a letter to Senator Elizabeth Warren, he asks for more authority to be given to the SEC so that the agency could step in and provide basic level of protection in crypto trading, lending and DeFi platforms. Read here to learn more about Mr. Gensler’s approach to crypto.
Members of Congress Criticize “Harmful” Crypto Provision
Several members of the House of Representatives have asked House Speaker Nancy Pelosi to amend the contentious cryptocurrency provision included in the $1tn infrastructure bill passed by the Senate. As there is still time for changes, the group suggests a compromise crypto amendment. Read more to learn the details.
US Senators and Treasury Secretary Agree on a Crypto Amendment
US Senators have come together to propose a compromise cryptocurrency legislation. As the House is yet to vote on the controversial crypto tax requirement, lawmakers and the Secretary of Treasury have crafted a revised crypto amendment. Read more to learn the details.
SEC Chair Gary Gensler Calls Crypto a “Catalyst for Change”
As the head of the SEC, the agency responsible to regulate crypto, Gary Gensler talked in details over his crypto vision. While he sees Bitcoin as a “catalyst for change” he noted he would like crypto markets to have at least basic protection against fraud and manipulation. Read further to learn Mr. Gensler’s comments on Bitcoin and crypto assets.
Senate Passes $1tn Bill, Crypto Provision Unchanged
The US Senate passed on Tuesday a sweeping $1tn infrastructure package. The big-ticket spending includes a controversial crypto tax proposal, against which crypto lobbyists, groups and communities have rallied. While no changes were made to it, there is still time for revisions as the bill moves to the House. Read more to learn the details.
Elon Musk Opposes Amendment Seeking to Regulate Crypto
Elon Musk posted on Twitter he is against “hasty” cryptocurrency regulation. Discussing the latest crypto tax proposal by Senators, Elon Musk and Coinbase CEO Brian Armstrong elaborated on the risks this legislation carries. Read on to see what they had to say.
White House Backs Strict Crypto Regulation Ahead of Key Vote
President Biden’s administration has supported a controversial crypto tax provision as a way to pay for the $1tn infrastructure package. As the final vote in the US Senate is expected on Tuesday, crypto circles mobilize against it. Read more to learn the details.
Goldman Sachs Files with SEC for a “DeFi and Blockchain ETF”
Major US investment bank Goldman Sachs is looking for ways to meet rising demand for crypto. In its latest filing with the SEC, Goldman asks for approval to launch an exchange-traded fund comprised of companies focused on decentralized finance and blockchain technology. Read more here.
PayPal’s New Super App to Offer Enhanced Crypto Services
PayPal, the payment processor boasting more than 400 million active accounts, will soon offer a new feature called Super App. The service will aim to offer more functionalities related to cryptocurrency trading. Read more to see what to expect from the service once it’s launched over the next months.
Tesla Reports $23 Million Impairment Charge from Bitcoin Holdings
EV maker Tesla last week published its earnings report for the second quarter. In it, the company had noted it had taken a $23m impairment charge on Tesla’s bitcoin holdings. Read more to learn how the company performed during the quarter and when it could restart accepting bitcoin as payment for its cars.
Goldman Sachs Says Family Offices Shift to Bitcoin and Cryptos
Investment banking giant Goldman Sachs released a report which found nearly 50% of the family offices surveyed want to dive into the cryptocurrency market. This confirms institutional interest in digital assets is on the rise. Read more to see what the numbers show.
UBS CEO Ralph Hamers Says the Bank’s Clients Have “FOMO”
UBS CEO Ralph Hamers shared his view on the crypto market. He said digital tokens are still an “untested” asset class but his clients are eager to get involved and even experience “FOMO”, or fear of missing out. Read more to learn what the Dutch CEO said.
JPMorgan Opens Five Cryptocurrency Funds to Clients
JPMorgan, the top US investment bank by assets, has allowed all its clients to trade and invest in five digital asset funds. The about-face move marks a large step by the investment banking sector toward embracing the nascent cryptocurrency market. Read further to know the details.
Amazon Looking for Crypto Expert, Signaling Interest in Bitcoin
Amazon, the largest ecommerce website and a cloud-computing giant, has published a job posting, saying the company is seeking a Digital Currency and Blockchain expert. The move signals a growing interest in cryptocurrency such as bitcoin. Read more to learn what’s in the making for Amazon.
Treasury Secretary Janet Yellen to Act on Stablecoin Regulation
The Secretary of Treasury, Janet Yellen, held a meeting with top financial regulators, including Jerome Powell and Gary Gensler. The discussion was focused on regulating stablecoins, a fast-growing subset of cryptocurrencies. Read more to learn the details.
Elon Musk Says He, SpaceX and Tesla Hold Bitcoin
Elon Musk joined Jack Dorsey and Cathie Wood at the online panel “The B Word”. The three expressed strong belief the digital currency has a bright future, while Musk revealed SpaceX has invested in Bitcoin. Read more to learn what the Tesla and SpaceX chief said.
Jack Dorsey’s Square Bets on Bitcoin to Launch DeFi Platform
Mobile payments company Square is setting up to build a new business unit dedicated to an innovative way to deal with finances called DeFi, or decentralized finance. The project will be built on Bitcoin. Read more to learn what’s in the making.
Top Three Biggest Challenges for Bitcoin in the Second Half of 2021
Top Three Biggest Challenges for Bitcoin in the Second Half of 2021 Key Takeaways: After a turbulent first half, Bitcoin has to deal with looming challenges ahead A solid support system is committed to finding ways to overcome impending risks Bitcoin had a wild and turbulent first half of 2021. It started solidly, reaching an […]
ECB Says Countries Should Consider Launching Digital Currencies
The European Central Bank warned governments that if they don’t consider issuing their own digital versions of fiat currencies, they risk hurting the financial system. Read more to learn how the ECB views the future of digital currencies.
World Bank Won’t Take Part in El Salvador’s Bitcoin Project
The World Bank was approached by El Salvador’s government with the request to provide technical assistance over the implementation of Bitcoin as an official currency. Read on to learn how the World Bank views the innovative move by the small Central American country.
MicroStrategy to Raise $500mn to Purchase More Bitcoin
MicroStrategy to Raise $500mn to Purchase More Bitcoin Key Takeaways: MicroStrategy to raise $500mn to invest in Bitcoin in an announcement by Michael Saylor The company has had a bumpy ride this quarter as Bitcoin’s price is in decline MicroStrategy To Raise $400mn to Purchase Over 10,000 Bitcoins MicroStrategy, the software provider that […]
JP Morgan Says Big Investors are Holding Back due to Volatility
JPMorgan, a top US investment bank, published a report where it says that investors refrain from buying the Bitcoin dip as the spike in volatility remains a risk factor. Read more to find out what the bank’s outlook is for the cryptocurrency market.
Musk Targeted by Anonymous for Destroying Crypto Holders’ Lives
Musk Targeted by Anonymous for Destroying Crypto Holders’ Lives Elon Musk accused by Anonymous of wanting to centralize Bitcoin mining In a video message, the hacking group vows to expose Mr. Musk’s real intentions Tesla and SpaceX CEO Elon Musk has been targeted by the Anonymous group. Their attack was over his cryptocurrency posting […]
Hedge Fund Manager Ray Dalio Confirms Bitcoin Investment
Hedge Fund Manager Ray Dalio Confirms Bitcoin Investment Key Takeaways: Ray Dalio says he owns Bitcoin and prefers the digital asset instead of Treasury bonds He considers Bitcoin’s success its greatest risk as the coin progresses into mainstream finance Despite Risks, Ray Dalio Owns Bitcoin Ray Dalio, the founder of the largest hedge fund […]