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Bitcoin Gains Momentum on the Back of Fed Pivot Narrative, but Some Banks Expect Dollar Rebound Shortly before press time, Bitcoin went over $20,000, adding to Monday’s “ISM-induced” gains as the dollar continued to fall. The price of Bitcoin (BTC) is gaining bullish momentum as investors hope that financial stability concerns and signs of an …
The US Risk Watchdog has asked Congress to appoint a cryptocurrency spot market regulator. In response to President Joe Biden’s executive order, the Treasury-led FSOC has called for greater regulatory reach into markets, crypto firms’ affiliates, and outside service providers. In a report that was unanimously approved by the Financial Stability Oversight Council (FSOC) on …
Australia’s Central Bank Suffers Billions in Bond Purchase Program Losses The Reserve Bank of Australia has revealed that it lost money on its bond-purchasing program. Michele Bullock, Deputy Governor of the Reserve Bank of Australia (RBA), spoke at a Bloomberg-hosted event in Sydney yesterday. Bullock claimed that Australia’s central bank lost a significant amount of …
Australia’s Central Bank Suffers Billions in Bond Purchase Program Losses Read More »
The Reserve Bank of Australia is seeking feedback on CBDC pilot program use cases. The Reserve Bank of Australia (RBA) is looking for feedback on the use cases and features of a central bank digital currency (CBDC). It released a white paper this week about a multi-year pilot program that will include a CBDC test …
The Reserve Bank of Australia is seeking feedback on CBDC pilot programme use cases. Read More »
IN NASHVILLE, THE AMERICAN BITCOIN REVIVAL BEGINS. Grassroots Bitcoin, held at Bitcoin Park in Nashville, Tennessee, brought together Bitcoin meetup organizers from across the country. Americans are suckers for a good revival. A revival is a religious fervor that spreads across the country, frequently spawning new churches and social movements. Revivals begin with a profound …
IN NASHVILLE, THE AMERICAN BITCOIN REVIVAL BEGINS. Read More »
A DECADE LATER, ROSS ULBRICHT’S SILK ROAD SENTENCING DEMONSTRATES THE GOVERNMENT’S FEAR OF BITCOIN The harsh sentence given to Ross Ulbricht in 2013 shows that the U.S. government is afraid of competition from Bitcoin and the dollar. After a trial that lasted several weeks in Manhattan’s United States District Court for the Southern District of …
The Binance in India has been frozen due to an investigation involving the cryptocurrency exchange Wazirx. The Enforcement Directorate (ED) of India has frozen more than 77.6 bitcoins transferred to Binance from the Indian cryptocurrency exchange Wazirx. The freeze is part of an investigation into whether or not a mobile game app was used to …
The continued drop in the “USD Liquidity Index” makes it hard to tell if Bitcoin will go up or down. In eight of the last 12 years, Bitcoin did better in October than it did in September. But because USD liquidity is going down, the bullish seasonality might not happen this year. October has been …
What’s Better: Privacy Coins or Bitcoin Privacy Tools? Today, it’s easy to send bitcoins. Just scan a QR code or type in the address of the person you want to send it to, then press “Send.”But how secret is it to send bitcoins? And, more importantly, which is better: privacy tools that come with bitcoin, …
What’s Better: Privacy Coins or Bitcoin Privacy Tools? Read More »
The end date of the digital yuan could cause Bitcoin to explode. With the new digital yuan, Bitcoin could become more interesting. The crazy plan to make money that isn’t being used worthless may be good for Bitcoin. Under the guise of “warming up” the economy, the Chinese Communist Party wants to use its Central …
The end date of the digital yuan could cause Bitcoin to explode. Read More »
