Tag Archives: Bitcoin News

Shaktikanta Das – the governor of the Reserve Bank of India (RBI) – is not a fan of cryptocurrencies, having recently insulted them and practically cursed them in an interview. He even went so far as to suggest they present “danger” to society and the financial industry as we know it. Das Has No Love for Crypto Das commented: We must be mindful of the emerging risks on the horizon. Cryptocurrencies are a clear danger. Anything that derives value based on make believe,...

The state of New York has introduced a new bill that if passed, would officially end all future proof of work (PoW) mining operations that want to call the Empire State home. New York Could End Crypto Mining for a While Right now, the bill is being discussed by the New York State Assembly in Albany, the region’s capital. The bill calls for a moratorium of not less than two years on all crypto mining operations within the state’s borders. The idea is to further study the...

Fidelity Investments has opened its retirement services to those who love crypto. Fans of digital currencies like bitcoin and Ethereum can now purchase these assets and many others like them through their Fidelity-based 401Ks and retirement funds. Fidelity Is Stirring Concerns Amongst US Lawmakers Naturally, the move leads to many questions, a main one being, “How big will the crypto space become from here on out?” The maneuver is likely to lead to new levels of...

Italian luxury brand Gucci – which specializes in fashion and leather goods – is allowing customers to pay for items with digital currencies like bitcoin and Shiba Inu, a popular spinoff of meme cryptocurrency Dogecoin. The company says its customers have been showing heavy demand for crypto in recent years, and thus executives want to adhere to their needs and wants. Gucci Will Begin Accepting Crypto Payments for Luxury Items The move is pushing the goals of bitcoin and...

The Securities and Exchange Commission (SEC) is hiring several new faces for its agency to examine cryptocurrency activities. These individuals and many others will be tasked with fighting illicit behavior in the space and ensuring all crypto trading occurring within America’s borders is clean and regulated. The SEC Is Looking to Police Crypto Activity Thus far, the SEC says it’s looking to add roughly 20 new positions to its cryptocurrency department. These positions...

Not long ago, Fidelity Investments announced that customers would be able to invest in crypto like bitcoin through their 401Ks and retirement accounts. In addition, several businesses offering 401Ks to their employees could soon see these individuals purchase assets like BTC, ether, and maybe even Dogecoin through their company-funded retirement profiles. Fidelity Moves Forward with Crypto The news was widely welcomed in the crypto space, with many analysts saying it...

The bitcoin price has been going through some tough times in the month of May. The currency has been trading in the high $30,000 range after several market factors – including rumors that the Fed was going to hike rates and growing conflict in eastern Europe between Ukraine and Russia – took the world’s number one digital currency by market cap down nearly 50 percent from its November 2021 high. At that time, BTC was trading at nearly $70,000. The Fed Won’t Hike Rates...

Despite the many losses his company has incurred due to bitcoin’s price swings, Michael Saylor of MicroStrategy says he remains a bitcoin fan and he’ll never doubt the asset’s abilities. Michael Saylor Still Trusts Bitcoin At the time of writing, bitcoin – the world’s largest and most popular cryptocurrency by market cap – has dropped to around $39,000 per unit. This may not seem bad on paper, but when one considers the fact that the asset was trading for just shy of...

A new research study conducted by ETHAX – a regulated and licensed crypto firm – suggests many adults are in favor of crypto regulation and aren’t looking to trade any bitcoin without proper protocols in place. ETHAX Sets the Tone for Regulatory Compliance Regulation is something of a two-sided coin (pardon the pun). On one hand, the crypto space has been riddled with crime since it first came about. We all remember the early days of Coincheck and Mt. Gox, which occurred...

Camper & Nicholsons – a company that sells, manufactures, and charters luxury yachts – has teamed up with Bit Pay to permit companies and individuals in need of boating services to pay with crypto assets like bitcoin. Camper & Nicholsons Says “Yes” to Crypto Payments The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved. What many people likely forget is that while bitcoin and many of its crypto cousins have taken on...