A senior spokesperson of the International Monetary Fund (IMF) highlighted India’s preference to regulate crypto assets and ranked this issue as a medium-term priority. Tobias Adrian, the Financial Counselor and Director of IMF’s Monetary and Capital Market Department, explained IMF’s point of view on India as “a fairly positive one” and stated: I think there […]
Robinhood announced Tuesday that it has agreed to acquire Ziglu, a fintech startup based in London that enables users to trade bitcoin and a variety of other cryptocurrencies. Robinhood’s stock increased nearly 6% Tuesday following the announcement of the Ziglu acquisition. Since its July initial public offering, the stock has fallen 71%. The acquisition will […]
Australia isn’t stepping on the brakes this time as it took a huge step of enlisting their first ever ETF to invest in Bitcoin and Ethereum. And it’s going live on April 27. 21Shares and ETF Securities have recently teamed up to launch two funds that are to be listed in Australia’s CBOE Exchange Trading […]
Nirmala Sitharaman, India’s finance minister, presented a compelling argument Tuesday for the global regulation of crypto in order to limit the risk of money laundering and terrorist financing. Her remarks came as she addressed a seminar at the International Monetary Fund’s ongoing spring meeting in Washington. “I believe the greatest concern for all countries would […]
A society built on endless war is only possible given the power to print endless money to finance it.
Switzerland’s federal government is planning to seize Russian crypto assets inside its borders, including those held by corporate entities and billionaires, multiple news outlets reported Saturday. Swiss President Ignazio Cassis indicated last week that Switzerland — eschewing a deeply rooted tradition of neutrality — would almost certainly join the European Union in condemning Russia and […]
Bombing your adversary is no longer the most effective method for winning a war. For example, this group of hackers is attempting to bargain with Russian troops fighting Ukraine by paying $52,000 in Bitcoin for a tank they give up. Ukrainians have been retaliating digitally in order to hold their ground and prevent Russian military […]
Through increasingly unscrupulous monetary policy, U.S. government officials mask the costs of war from the American public. Bitcoin could fix this.
With the price of Bitcoin climbing again, it’s not surprising that other cryptocurrencies are jumping too. As an investment vehicle and possible way around sanctions in Russia or elsewhere-this could be very interesting. This week, the cryptocurrency has been on an unstoppable rise, with prices climbing 8% in NY trading hours and over 20% in just two sessions. At one point, it overtook Bitcoin’s market value at $44,964 per coin, bringing its total capitalization above $840 billion. Related Reading | Bitcoin Breaks Above 50-Day SMA, Will BTC Ride It Out To $50,000? The cryptocurrency market continues to see significant growth, with Ether crossing $3,000 and several other coins improving. For example, the value of terra’s LUNA is up 76% over the last week, according to CoinMarketCap– nearing an all-time high set in early December. Finally, there was Avalanche which advanced during this time period too. In a world where the news is constantly changing, and governments seem to be everywhere, some people have turned away in favor of cryptocurrencies. However, the idea that these funds are detached from any government control makes them attractive because they can’t be influenced by anything besides supply-and-demand factors–not even warring conflicts overseas. FRNT Financial Inc.chief executive, Stéphane Ouellette said; Bitcoin has gold-like properties in that if you hold it, you directly control the assets as opposed to governments and banks being in between. So when banking is destabilized in a region, which is happening in Europe right now. It would make sense to see some flows into BTC as people diversify away from the banking system. Bitcoin Plunge As Russia-Ukraine War Intensified The price of cryptos is currently being driven higher by investors looking to get in on the action. However, he said that Speculators could take advantage and drive prices even higher. This will make their investments pay off exponentially faster than if they waited for more traditional markets like stocks or bonds where there’s always someone else who has already bought low before you do so yourself. Global markets took a plunge on Tuesday as the war in Ukraine intensified. Russia continued its offensive despite mounting penalties. Russian troops are shelling military facilities civilian areas alike. President Volodymyr Zelenskiy accused them of committing acts of terror. Related Reading | Bitcoin Dominates Altcoins During War-Torn Month Of February European stocks and US equities continued their decline along with the fear gauge in Wall Street, VIX. The belief that Bitcoin can be a valuable asset during geopolitical turmoil is not new. Some analysts have long posited this. However, its outperformance amidst the volatility has some bulls pointing to an end for the narrative. Which explains that crypto will just turn out like all other risky assets. But there’s still more work left before we’ll know how things ultimately play themselves out. Analysts Review On Crypto Rise Adam Farthing, chief risk officer for Japan at B2C2, said; Bitcoin could “de-link from risk” and start trading more like a hedge to geopolitical instability and inflation. Walid Koudmani, an analyst at XTB Market, explains; Bitcoin saw a significant upward move today as it appears to have slightly regained its safe-haven status while the Russia-Ukraine conflict continues to intensify. There are other factors at play. The rally is about “the utility of these assets to serve as a potential workaround for Russia sanctions and also point that virtual currencies can be an alternative in times when people need them most,” said Nicholas Colas, co-founder DataTrek Research. Featured image from Pixabay, Chart from TradingView.com
Customers at AMC Theatres will be able to pay using memecoins Dogecoin (DOGE) and Shiba Inu (SHIB) starting next month through crypto payments service BitPay. On Twitter, AMC Chief Executive Officer Adam Aron pushed Bitpay, the blockchain payments platform employed by AMC Theatres, to promote Shiba Inu, which has gained international attention in recent weeks. […]
It will just be a matter of time until authorities catch up on BitConnect founder Satish Kumbhani and face the charges against him. Kumbhani was accused by a US federal grand jury for orchestrating a $2.4 billion bitcoin Ponzi scam. He was charged with wire fraud, commodities price manipulation, operating an unregistered money transmitting business. […]
Israel’s Defense Ministry has seized 30 crypto accounts belonging to organizations affiliated with the al-Mutahadun exchange company. The crypto wallets associated with 12 exchange accounts have been linked to the Gaza-based terrorist group Hamas. According to the Times of Israel, Israel’s Defense Ministry stated on Feb. 28 that al-Mutahadun aided Hamas’ military branch by transmitting […]
A society can only have true freedom in grasp when there exists an immutable uncontrolled money like Bitcoin.