Bitcoin ETFs hit $20B milestone as price remains stuck in downtrend
Bitcoin price remains in a seven-month downtrend despite the record ETF net flows.
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MicroStrategy purchases another $1 billion worth of Bitcoin, now owns 90,000 BTC
CEO Michael Saylor said the firm didn't intend to slow down the rate of its Bitcoin acquisitions after buying another $1 billion worth of BTC. 2461 Total views 31 Total shares Business intelligence firm MicroStrategy increased its Bitcoin (BTC) holdings by 27% on Feb. 24, after purchasing an additional 19,452 coins, taking its total BTC…
Just Bitcoin or diversify? 5 cryptocurrencies to watch in the next few days
Risky assets marginally extend their up-move in April. The S&P 500 Index rose around 1.5% in April while Bitcoin (BTC) is on track to end the month with gains of more than 4%. Could the rally continue in May or is it time for a pullback?The recovery could face headwinds if the United States banking…
IMF, World Bank and BIS champion central bank digital currencies at G20
In a joint report, the International Monetary Fund (IMF), the World Bank and the Bank of International Settlements (BIS) have proposed to the G20 that a cross-border network of central bank digital currencies (CBDC), underpinned by efficient technological integration and proactive international cooperation, could be of significant benefit to the world economy.The report focuses on broadening the…
Global securities body IOSCO unveils crypto regulatory framework proposals
According to the report, these expectations can be addressed by applying existing rules or creating new ones, depending on the jurisdiction. IOSCO, the international regulatory body overseeing securities markets, has released its conclusive report containing policy suggestions for crypto and digital asset (CDA) markets.The suggestions within this report play a crucial role in formulating a
Will ‘money printer go brrr’ rob Bitcoin of its all-time high?
What price high must Bitcoin hit to account for the past three years of U.S. dollar inflation? 3722 Total views 15 Total shares Bitcoin's (BTC) price rose to almost $20,000 in 2017 before losing more than 80% of its value at the end of the initial-coin-offering boom. In the years since, the asset has never…
Singapore’s Central Bank Finalizes Regulatory Framework for Crypto Payment Services
The Monetary Authority of Singapore (MAS), the country’s central bank, has broadened its regulatory regime for payment providers to bring certain cryptocurrencies under its jurisdiction. The development was reported by English-language local broadsheet The Straits Times Nov. 19.The new Payment Services Bill (PSB), submitted by MAS board member and education minister Ong Ye Kung before…
CFTC Requests Default After Failing to Find $147M Bitcoin Ponzi Operator
The United States Commodity Futures Trading Commission (CFTC) has requested that the alleged founder of the crypto $147 million Ponzi scheme Control-Finance be declared a default.On April 3, the CFTC filed for a ruling of default after Control-Finance’s alleged founder and director, Benjamin Reynolds, did not respond to the regulator’s complaint.CFTC unable to locate Reynolds…
$1 million rock NFT sells for a penny in all ore nothing error
A simple mistake led one crypto user to sell his precious rock NFT for 444 WEI instead of 444 ETH, a tenth of a penny rather than $1.2 million. 46 Total views 2 Total shares It's a hard rock life for one crypto user. A clumsy keystroke and the actions of a sniper bot caused…