Tag Archives: BTC

Iran makes $10M import using crypto, plans ‘widespread’ use by end of Sept. Prolonged economic sanctions against the Islamic state have forced Iran to start using crypto as a medium of exchange for international trade deals. Struggling through decades of economic sanctions, Iran has placed its first international import order using $10 million worth of cryptocurrency, according to a senior …

Lagarde: Crypto Is ‘Worth Nothing’ and Should Be Regulated Digital euro will be safer store of value, ECB president says Comments come amid turbulent times for crypto markets European Central Bank President Christine Lagarde said crypto-currencies are “based on nothing” and should be regulated to steer people away from speculating on them with their life savings. Lagarde told Dutch television …

Bitcoin breaks key technical support. Altcoins see bigger drop. Thin liquidity over the long weekend accelerates price decline. Bitcoin fell to its lowest level in more than a month, and other digital assets also fell, because investors were afraid of taking risks and there wasn’t a clear reason to buy.There was a lot of volatility in the cryptocurrency market on …

Ripple CEO: Bitcoin ‘tribalism’ is holding the crypto industry back “Tribalism” around bitcoin and other cryptocurrencies is holding back the entire $2 trillion market, Ripple CEO Brad Garlinghouse has said. “I own bitcoin, I own ether, I own some others,” Garlinghouse said. “I am an absolute believer that this industry is going to continue to thrive.” Bitcoin “maximalism” has meant …

$97 million flowed out of digital asset funds in the week through April 15. Crypto funds had a second straight week of outflows as bitcoin became more sensitive to interest rates and investors adjust to the the Federal Reserve’s hawkish turn, CoinShares reported Tuesday. Across the industry, crypto funds had $97 million in net outflows in the seven days through Apr. …

Cryptoverse: Gold coins glimmer amid the global gloom. April 19 (Reuters) – A fledgling class of crypto that feasts on risk is outshining a wider market paralyzed by war and inflation. Coins backed by gold are newer variants of “stablecoins”, which are typically pegged to the dollar to tame volatility. The largest, Pax Gold or PAXG , has jumped 7.4% …

Bitcoin’s may slump to $30,000? Yes. Bitcoin’s tendency to move in tandem with technology stocks means the biggest cryptocurrency may slump to $30,000 by June, according to Arthur Hayes, the co-founder of crypto trading platform BitMEX. “Our inability to recognise the cyclical nature of all markets leads us to ignore inconvenient truths about the assets we wish into the stratosphere. …

Bitcoin 2022 Miami. There will be the world’s largest Bitcoin conference taking place in Miami Beach this week from April 6th to 9th. This includes the introduction of Ethereum and El Salvador’s President Nayib Bukele’s revelation that he intends to legalize Bitcoin. Here’s a glimpse of what’s to come at this week’s Bitcoin 2022 Miami conference.   Industry Day: Executives, …

Greenpeace called for the Proof-of-Work blockchain to be abandoned. Greenpeace’s “Change the Code, Not the Climate” initiative urges exchanges, miners and billionaires to implement a “basic code change” that would move Bitcoin’s blockchain to Proof-of-Stake. By: Connor Sephton A controversial campaign that calls for Bitcoin to abandon its Proof-of-Work consensus mechanism — and the people behind it — have been …

One of the largest crypto heists ever saw hackers steal almost $600 million Ronin Network says thieves took Ether, USDC tokens on March 23 Bridge hacks can threaten the ecosystem of decentralized apps By: Olga Kharif Hackers stole about $600 million from a blockchain network connected to the popular Axie Infinity online game in one of the biggest crypto attacks …