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Tag Archives: Bitcoin News

El Salvador Gets Some Advice from the U.S. Regarding BTC

El Salvador has opened its country to bitcoin transactions, and the news has spread like wildfire. To some, such as the World Bank, the idea of an entire nation running on BTC is risky and frightening, but to others – like senior regulators in the U.S. – El Salvador is going to need a lot of help as it leads the rest of the world towards a new digital era. El Salvador Gets Some Assistance from U.S. Lawmakers Victoria Nuland – the Under Secretary of State for Political...

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Robert Kiyosaki: A Market Crash Is Coming… Buy BTC

Robert Kiyosaki – the famed author of the bestselling book “Rich Dad, Poor Dad” – says that a major market overhaul is coming, and that those who do not own bitcoin will likely experience harsher economic circumstances than those who do not. Robert Kiyosaki on the State of the Economy In a recent interview, Kiyosaki – known for his prowess as a financial guru over the past 20 years – stated that the Federal Reserve is ruining the American economy by overprinting the U.S....

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Mark Hopkins Pleads Guilty to Running Illicit BTC Transmitting Business

A man named Mark Alexander Hopkins has pleaded guilty to federal charges of running a bitcoin money transmitting business without a license. Hopkins May Have Misused His Bitcoin Knowledge Hopkins is described as one of the largest crypto marketers in North Texas and is often referred to as “Dr. Bitcoin” due to his alleged knowledge of the asset and its respective space. As was revealed in court, Hopkins reportedly used his knowledge of bitcoin to work with a Nigerian...

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Aswath Damodaran: Bitcoin Is a Complete and Total Failure

New York University finance professor Aswath Damodaran stated in a recent interview that bitcoin has failed as a currency given that nobody can really buy anything with it. Aswath Damodaran Is Not a Fan of BTC Damodaran states: If bitcoin is a good currency, my question is, why aren’t more people using it in transactions? So, when I run into bitcoin enthusiasts, they seem to push this notion that bitcoin is a great currency because they have made a lot of money on it....

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Cynthia Lummis: Retirees Should Diversify with Crypto

Senator Cynthia Lummis – a Republican of the state of Wyoming – is looking to make it so that individuals can use their retirement accounts to invest in bitcoin and other cryptocurrencies. Cynthia Lummis: Crypto Would Be Perfect for Diversification Lummis was first elected to Congress in late 2020. Beginning her term in January of this year, Lummis has always been a major cryptocurrency advocate. She has admitted to investing in digital currencies herself in the past and...

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Crypto.com Inks Mega Deal with Formula One Racing

Cryptocurrency is entering the racing scene. Crypto.com has inked a deal with Formula One racing worth approximately $100 million at the time of writing. Crypto.com Has Stepped Into the World of Professional Driving Through the deal, Crypto.com gets top-branding options with the organization including roadside billboards for the rest of the year, ensuring drivers are aware of the site’s presence. This is now the second big deal instituted by Crypto.com in the world of...

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Ark Invest Seeks Approval on New BTC ETF Application

Cathie Wood of Ark Invest fame has filed an application with the Securities and Exchange Commission (SEC) for a bitcoin-based exchange-traded fund (ETF) through her business. Another Bitcoin ETF Is Headed to the SEC Per official paperwork, the point of the ETF would be to track the price of bitcoin. It would also trade under the ticker “ARKB” should it garner approval. Ark is working hand in hand with a firm known as 21 Shares to unveil the ETF. While this is all fine...

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Mexico Rebukes Pliego’s Calls for BTC Transactions

Not long ago, a billionaire in Mexico named Ricardo Salinas Pliego stated that he was working with his bank (known as Banco Azteca) to ensure customers could gain access to crypto and blockchain services. While Pliego is excited about the prospects of digital currency, his country is not as enthusiastic. Mexico Will Not Permit Banks to Enter the BTC Forum On social media, Pliego stated the following: Bitcoin is a good way to diversify your investment portfolio and I...

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Rep Warren Davidson Wants Clear Crypto Regulation

Warren Davison is a Republican congressman from the state of Ohio. He serves as a ranking member of the Financial Technology Task Force and recently took part in two panels at the Miami Bitcoin Conference where he discussed the prospects of a central bank digital currency and what it should offer its users. Davidson On the Status of Blockchain Tech He says that any kind of digital currency should always offer security, privacy, and everything else that fiat provides. In...

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Michael Saylor Condemns China’s BTC Ban

Michael Saylor of MicroStrategy fame is convinced that China is making a huge mistake by not allowing bitcoin operations to continue within its borders. Michael Saylor Is Critical of China’s Decisions Over the past few days, bitcoin has experienced something of a surge. It was trading for about $29,500 just over a week ago, and yet today, the currency has risen to roughly $36,000. While this is by no means a heavy boom, the currency is doing considerably better, and the...

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