Bitcoin sellers wait at $104K as Fed faces Trump rates pressure at FOMC

Bitcoin’s (BTC) fresh bull run this week is down to speculators betting on Chinese economic upheaval, not Chinese upheaval itself, Peter Schiff claims.Schiff: speculators buying Bitcoin to speculateIn a tweet Aug. 5, the veteran gold bug and well-known Bitcoin naysayer claimed that current events impacting the Chinese economy did not cause fresh interest in Bitcoin.“The…

United Kingdom-based fund manager Ruffer liquidated its $600M Bitcoin bet after growing nervous about the speculative frenzy in the cryptocurrency market, including huge rallies in meme-based tokens like Dogecoin (DOGE).The fund, which manages roughly $34 billion for wealthy clients and charities, started selling its cryptocurrency stash in December 2020, when the BTC/USD exchange rate rose…

Bitfinex cryptocurrency exchange announced that it will spend 27% of past and future Tokinex revenue on burning LEO tokens, according to an official blog post on July 8.Bitfinex unveiled LEO in May as the native utility token for its initial exchange offering (IEO) platform Tokinex. Parent company iFinex committed to burning LEO tokens, until commercial…

Former Bitmain staff have been accused of “illegally” moving 10,000 Antiminers from a company-owned mining facility in Mongolia. 774 Total views 9 Total shares In the ongoing power struggle at cryptocurrency mining giant Bitmain, not only have accusations of “illegal power seizures” made headlines, but now the physical theft of mining hardware as well.A new…

In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain.The United Nations General Assembly (UNGA) is holding its 76th annual meeting between Sept. 14 and 30 to…

Cryptocurrency exchange Bitfinex has revealed the first of two major upgrades it says will completely change user payments and spending habits. In a tweet on Dec. 2, the platform’s CTO, Paolo Ardoino, confirmed that as of Tuesday, it would support Bitcoin (BTC) transactions on the Lightning Network (LN).The move is a first for a major cryptocurrency…

China launching a digital counterpart of the yuan backed by gold puts Bitcoin (BTC) at a disadvantage, veteran gold bug Peter Schiff claims. In a tweet on Nov. 2, Schiff, notorious for his cynicism when it comes to Bitcoin, attempted to counter criticism of his stance by Keiser report host, Max Keiser. Schiff tells Keiser: gold…

Though the board can make recommendations to global policymakers, it largely acts as an advisory body with no enforcement authority. Own this piece of crypto history Collect this article as NFTThe international monitoring body Financial Stability Board, or FSB, called for a global framework aimed at regulating and supervising crypto in the wake of FTX’s…