Tag Archives: social

Elon Musk manipulates the financial markets, including the cryptocurrency one, for his own personal gain, alleged the South African billionaire Magda Wierzycka. The founder of Sygnia further blamed the recent BTC volatility on Tesla’s CEO. Musk Manipulates the Markets For Personal Gains During an interview on The Money Show, the 52-year old businesswoman accused her fellow countryman Elon Musk of publishing controversial tweets and engaging in other social media channels to...

Pieter Hasekamp, head of the central planning bureau CPB, opined that the Dutch government must ban digital assets. He further stated that a crypto collapse is inevitable. Cryptocurrencies Are ”Neither Money Nor a Financial Product” The director of the CPB Pieter Hasekamp urged the ruling cabinet of the Netherlands to officially forbid trading, possession, and mining of bitcoin and digital assets. The move could protect local investors as, in his opinion, the crypto market...

India’s Enforcement Directorate (ED) has purportedly sent a show-cause notice to the founder of the popular exchange – Nischal Shetty, and the director – Sameer Mhatre. The agency has requested the duo to explain suspicious transactions worth nearly $400 million. According to a Reuters report, India’s financial crime-fighting organization, the ED, has contacted the two executives in regards to transactions worth 28 billion rupees ($382 million). The agency accused the...

Some of the attendees of the Bitcoin 2021 conference that took place in Miami a week back have tested positive for COVID-19. Somewhat expectedly, traditional media was quick to outline the lack of responsibility on behalf of both organizers and attendees. Positive COVID Tests Following Miami Conference Bitcoin 2021, which turned out to be the biggest event centered around the primary cryptocurrency to ever be organized, took place in Miami at the beginning of June. It saw...

Bitcoin continued with recovering the most recent losses and ever went further to a six-day high at $38,500 before calming down. Most altcoins, though, have failed to produce any gains, and BTC’s market dominance has jumped to 44%. Bitcoin Tapped 6-Day High After bottoming at $31,000 on Tuesday, the primary cryptocurrency started to reclaim its lost ground gradually. It spiked by around $3,000 on Wednesday, added another sizeable chunk on Thursday, and kept climbing higher in...

Elon Musk was pressured by Tesla’s shareholders to drop bitcoin as a payment instrument for the company’s services, believes Kevin O’Leary. The prominent investor and Shark Tank co-host further outlined BTC’s ESG concerns that have to be resolved before any other large corporation or institution enters the space. What Happened Between Tesla and Bitcoin? Tesla and its CEO rattled the crypto world last month when the EV-maker decided to disable bitcoin payments for its products...

Polygon has announced that it will be partnering with 0x to raise a total of $10.5 million that will be used to attract more users into choosing its platform and the Ethereum blockchain.  According to a press release shared with CryptoPotato, the funds will be used to support projects and developers on the Polygon network, thus leading to the development of a secure and robust DeFi infrastructure.  Polygon expects to attract at least one million users to its network and the...

America’s second-oldest bank, State Street Corporation, will establish a digital unit to focus on cryptocurrency endeavors. This comes shortly after the banking organization with over $40 billion in Assets Under Management (AUM) said it will enable crypto trading through its platform. State Street Sets Up a Digital Unit The Finance Times reported State Street’s latest endeavor in relation to the cryptocurrency industry. According to the coverage, the giant bank has outlined...

The founder of the investment bank Moelis & Company – Ken Moelis – asserted that his institution is fond of the crypto market. He opined that people nowadays are just as crazy about digital assets as they were about gold back in 1848. Crypto Might Come to Moelis & Company In a recent Bloomberg interview, Ken Moelis shared his thoughts on the future of cryptocurrencies alongside his personal opinion about them. Despite saying that it is not likely to invest his...

The founder of SkyBridge Capital – Anthony Scaramucci, is not stunned by the recent decline of bitcoin’s USD price. Just the opposite, he believes that its fiat currency value will reach new heights in the next 24 months. BTC Will Be Back In a recent CNBC interview, the American financier Anthony Scaramucci reassured the supporters of the primary cryptocurrency that it will overcome its current downward volatility. He reminded that Bitcoin’s performance in 2021 is still...