The price of bitcoin fell as much as five percent at the end of June and briefly dipped below $30K (where it had been for the past few weeks) before rebounding. The reason? The Securities and Exchange Commission (SEC) decided to pass up on the present versions of the BlackRock and Fidelity bitcoin-based exchange-traded fund (ETF) applications. The SEC is Again Disapproving a Bitcoin ETF The news might seem rough at first, though there’s still room to get things...
Read More »Peter Schiff: Crypto Only Works if It’s Backed by Gold
Peter Schiff is not entirely for crypto, nor is he entirely for gold. Rather, he’s for a combination of the two. In other words, the big financial answer to everybody’s problems is gold-backed crypto stationed on the blockchain. Peter Schiff on Gold and Crypto Schiff said in a recent interview that blockchain could make precious metals even stronger than they are presently. He’s not exactly a bitcoin fan, going so far as to say that bitcoin (by itself) is nothing...
Read More »Steven Goldfeder: Blockchains Shouldn’t Try to Outdo Ethereum
Steven Goldfeder of Arbitrum said in a recent interview he thinks it’s a mistake for blockchains to try and compete with Ethereum. Steven Goldfeder on What’s Coming for Blockchain Ethereum is the most popular network around. However, its high gas fees and slow speeds in the past have given rise to several Layer-2 blockchain networks that have sought to complement it or aid it along. They realize it’s too big for them to compete with, and they seek to enhance its...
Read More »Ratan Tata is Clearly not a BTC Fan
While bitcoin has undoubtedly garnered huge legions of fans over the years, there are several individuals that still fall into the “hater” category. People like Warren Buffett and Charlie Munger check the “hater” box when it comes to bitcoin sentiment, and now, Ratan Tata – one of the world’s wealthiest people – is going to join them. Ratan Tata Doesn’t Hold Any Ties to Crypto Tata recently gave an interview about why he doesn’t care for bitcoin and why he doesn’t...
Read More »Lawmakers in Canada Are Seriously Looking at Crypto Regulation
A group of lawmakers in Canada is calling for full-on regulation of the crypto industry. Will Canada Regulate Crypto? In a recent report, the lawmakers wrote: While many emphasized Canada’s strong regulatory safeguards, such as provincial securities regulation and federal anti-money laundering and anti-terrorism financing obligations, witnesses stated that governments need to partner with industry to better understand this rapidly evolving sector and enact...
Read More »Kickstarter Decides Against Potential Blockchain Move
Two Decembers ago, project funding platform Kickstarter announced it was considering a shift to blockchain, and that it was potentially looking into placing all its operations atop the same distributed ledger technology that has grown so close with digital assets. Kickstarter Says “No” to Blockchain Now, however, it appears this move is not going to happen. Kickstarter recently hired a new group of board members that have decided against the blockchain switch....
Read More »Tom Lee Sees BTC Rising to $200K
Tom Lee of Fundstrat fame is at it again. This time, he’s commenting in a recent interview that the price of bitcoin could reach a whopping $200,000 in the next few years, though he didn’t give a specific date this time around. Tom Lee: BTC is Going to $200K In the discussion, Lee said he’s been following Cathie Wood. Not long ago, the main madam behind Ark Invest said she thinks bitcoin could reach a price that surpasses the million-dollar mark in the next seven...
Read More »Binance Pursues Regulatory Approval in Taiwan via AML Registration
[unable to retrieve full-text content]CoinspeakerBinance Pursues Regulatory Approval in Taiwan via AML Registration Binance is expanding its presence in Asia. The reports about its potential entrance into Taiwan come after the company re-entered the Japanese market last year. Binance Pursues Regulatory Approval in Taiwan via AML Registration
Read More »Wyoming is Becoming a Growing Crypto Haven
Wyoming, despite its lack of a population, has been on a mission to become one of the most – if not the most – crypto-friendly regions known to man, and thus far, it’s succeeding. Wyoming Still Loves Crypto Over the past seven years, Wyoming has passed more than 30 crypto-based laws designed to regulate the industry, grow innovation, and make things safer. Steve Lupien – director of the Center for Blockchain and Digital Innovation at the University of Wyoming –...
Read More »Bank of America: Paypal Stablecoin (PYUSD) Immediate Adoption Might Be Subdued
[unable to retrieve full-text content]CoinspeakerBank of America: Paypal Stablecoin (PYUSD) Immediate Adoption Might Be Subdued The introduction of PayPal stablecoin (PYUSD) represents a groundbreaking development in the realm of stablecoins and digital currencies. Bank of America: Paypal Stablecoin (PYUSD) Immediate Adoption Might Be Subdued
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