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“# ‘Billion of users adopting Bitcoin? Maybe in ten years’, says Dan Held ” Bitcoin has a good chance of becoming the world reserve currency, although we are “at least ten years away from that”, said Kraken’s head of growth Dan Held in an exclusive interview with Cointelegraph. According to Held, the transition to an…
“# Bitcoin, dollar plunge while S&P 500 rallies after US inflation hits 3-decade high ” Bitcoin (BTC) and the U.S. dollar fell in tandem while the S&P 500 refreshed its record high at open on Friday as the Federal Reserve’s preferred inflation indicator surged to its highest levels in almost three decades. According to data…
“# Bitcoin sheds $2.5K amid warnings of a repeat BTC price dip ” Bitcoin (BTC) fell precipitously on June 25 after a rejection above $35,000 sparked a rout toward familiar support. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin heads back towards $30,000 Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it shed…
“# Tanzania central bank may rescind crypto ban after presidential endorsement ” The Bank of Tanzania is reportedly working to overturn its ban on crypto amid favorable cryptocurrency comments made by the country’s president. According to Reuters, Tanzania’s central bank has begun working on directives from the country’s federal government that could see a reversal…
“# Institutions have no appetite for Bitcoin at this price level: JPMorgan ” As Bitcoin (BTC) price failed to hold its breath above the $35,000 yesterday, JPMorgan expects an overall bearish movement below the critical price level based on the BTC-to-gold volatility ratio. In a note sent to investors on Wednesday, JPMorgan detailed its reasoning…
“# World’s first Bitcoin ETF adds $3M per day throughout BTC price dip ” The world’s first regulated Bitcoin (BTC) exchange-traded fund (ETF) actually benefited from the recent price dip, data shows. As on-chain analytics service Glassnode noted on June 24, the Purpose Bitcoin ETF continued to add to its assets under management throughout the…
“# El Salvador to airdrop $30 in Bitcoin to every adult citizen ” The president of El Salvador has announced the government will airdrop $30 worth of Bitcon (BTC) to every adult citizen of the country. The announcement was welcomed by Bitcoiners, with influencers speculating El Salvador’s government wil need to purchase the required BTC…
“# Athena confirms plans to bring 1500 Bitcoin ATMs to El Salvador ” U.S. company Athena intends to supply El Salvador’s new crypto-based economy with 1500 Bitcoin ATMs, a company representative has confirmed. The rollout will start small, trialing a few dozen machines to establish a business model. The Chicago headquartered firm plans to invest…
“# PlanB feeling ‘uneasy’ as 41% of his followers tip $100K BTC won’t happen this year ” PlanB, the brainchild behind the Bitcoin stock-to-flow model, has revealed he is feeling “uneasy” about his renowned price predictions due to the recent downtrend in markets. The stock-to-flow (S2F) model, which has predicted BTC prices with some degree…
“# Shanghai Man: China retains mining control? Alipay’s ancient NFTs and Amber’s big raise ” This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. So low you’ve got to reach up to…