June 2021 | Page 5 of 139 | Last Cryptocurrency News Feed

Slow, but not steady: India’s stance on Bitcoin and crypto is evolving

India’s reserve bank has long since condemned the use of cryptocurrencies, but other than the Supreme Court striking down its 2018 bill last year, the Indian government’s stance on cryptocurrencies has been largely uncertain. On one hand, top sources tracking the government’s stance say it has shifted away from the idea of a complete ban. On…

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NYDIG set to bring Bitcoin adoption to 650 US banks and credit unions

NYDIG looks set to deliver on its promise to enable millions of Americans to buy Bitcoin from their bank accounts in 2021. 617 Total views 5 Total shares New York Digital Investment Group (NYDIG) has partnered with the Atlanta-based enterprise payment behemoth NCR to enable Bitcoin (BTC) services for banks and credit unions in the…

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Russia’s central bank to study crypto investment risks

The Bank of Russia is collecting data from 15 credit firms and payment systems like Visa and Mastercard. 378 Total views 4 Total shares Russia’s central bank has scheduled a risk assessment for cryptocurrencies like Bitcoin (BTC), according to the Bank of Russia’s screening program for the second half of 2021.The examination of the potential risks…

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Ethereum Classic price has nearly doubled days after Digital Currency Group’s $50M bet

Ethereum Classic (ETC) reached its highest level in almost three weeks Wednesday, buoyed by Barry Silbert-backed Digital Currency Group's $50 million investment and by an overall cryptocurrency market recovery led by Bitcoin (BTC).The 17th-largest cryptocurrency by market value traded as high as $63.19 — a nearly 98% rise from its June 22 low of $31.91.…

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New Bitcoin exposure Index to track equities that perform like BTC

Melanion Bitcoin Exposure Index tracks an equities basket with the highest correlation and revenue exposure to Bitcoin. 212 Total views 2 Total shares Institutional investors are looking for ways to participate in the crypto market without going out of the regulated space or mastering the advanced technology behind Bitcoin (BTC), and asset managers are finding…

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John McAfee’s Demise a Bottleneck for the U.S. Government’s Asset Recovery Efforts

With the death of the eccentric British-American computer programmer and cryptocurrency proponent, John McAfee, the U.S. government could find it difficult to confiscate funds belonging to the tech entrepreneur. Absence of Death Certificate Stalling Further Process As previously reported by CryptoPotato, McAfee was found dead after committing suicide in a prison in Barcelona, Spain. McAfee’s…

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Bitcoin has failed miserably as currency, says NYU’s ‘dean of valuation’

The serial Bitcoin critic has once again dismissed BTC’s value proposition as a form of currency. 455 Total views 2 Total shares Aswath Damodaran, professor of finance at New York University’s Stern School of Business, has reiterated his criticism of Bitcoin (BTC).Appearing on episode 10 of the Moneycontrol Masterclass program, the NYU professor doubled down…

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Bitcoin volatility still a concern for CEO of BNY Mellon subsidiary

Francesca Fornasari believes that Bitcoin may not be suitable for most institutional investors. 257 Total views 2 Total shares Despite BNY Mellon’s entrance into Bitcoin (BTC), the CEO of one of the company’s asset management units is still sceptical about major risks associated with the world’s largest cryptocurrency.Francesca Fornasari, head of currency solutions at BNY…

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Institutional investors aren’t buying Bitcoin at 50% of all-time highs …for now

Ahead of the major GBTC unlocking event, it seems institutions and retail alike have cold feet about $34,000 Bitcoin. 2224 Total views 4 Total shares Institutions are holding their breath when it comes to buying more Bitcoin (BTC), even at $34,000.According to data covering BTC balances on major exchange Coinbase, little mass buying has occurred…

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Bitcoin Price Analysis: After Touching a 12-Day High, Can BTC Retest $40K Soon?

Following another red weekend, just like the previous ones in June, since Monday, bitcoin increased by a total of 8% as the coin reclaimed the $35K price area, as of writing these lines. The recent price hike has brought some optimism back into the market, especially after bitcoin sustained the double-bottom bullish formation on the…