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“# An asset for all classes: What to expect from Bitcoin as a legal tender ” For much of its life, Bitcoin (BTC) has been viewed mainly as a speculative financial instrument, but El Salvador’s dramatic move in making BTC a legal tender is a reminder that cryptocurrencies can play a role in uplifting the…
“# Bitcoin first ‘genuinely new asset class’ in 150 years, says Ric Edelman ” Ric Edelman, founder of financial advisory outfit Edelman Financial Engines, described Bitcoin (BTC) and crypto assets as a “completely new and different asset class” that has nothing in common with mainstream staples like stocks, bonds, real estate, oil, or commodities, to…
“# Here’s why one analyst says Bitcoin will outperform Ethereum in the short term ” In terms of price potential, Bitcoin (BTC) is staring at the possibility of outperforming Ether (ETH) in the short term. So believes David Lifshitz, the chief investment officer at ExoAlpha, a Paris-based investment management service, who noted that Bitcoin’s upside potential…
“# US Republican Party’s election arm to accept cryptocurrency donations ” The United States’ National Republican Congressional Committee — the body responsible for coordinating Republican electoral efforts — is introducing donations in cryptocurrencies like Bitcoin (BTC). The NRCC announced Wednesday on Twitter that the committee will begin accepting crypto donations for election campaigns, sending its…
“# Bitcoin price edges higher as Fed inflation meeting sends DXY to 2-month high ” Bitcoin (BTC) stayed below $40,000 on June 17 as a surging U.S. dollar added to downward BTC price pressure. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC/USD bounces at $38,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading at…
“# Over 2 million adults in UK now hold crypto, FCA survey finds ” A new study by the United Kingdom’s Financial Conduct Authority has indicated a significant increase in cryptocurrency ownership in the country. On Thursday, the FCA published the results of a consumer survey which found that 2.3 million adults in the U.K. now hold…
“# Hong Kong brokerage Futu halts crypto futures over regulatory issues ” A major Hong Kong-based online brokerage firm has reportedly suspended cryptocurrency futures trading due to regulatory concerns. Futu Securities, one of the biggest trading brokerages in Asia, has halted support of crypto futures contracts and trading services in response to regulatory requirements, Chinese…
“# ‘Millionaire’ whales gobble up 90,000 Bitcoin over past 25 days ” Bitcoin whales are stocking up, with “millionaire” addresses accumulating around 90,000 Bitcoin worth $367 billion over the past 25 days. The accumulation was identified by crypto market data aggregator Santiment, which identified that wallets holding between 100 and 10,000 BTC — described by…
“# Pantera CEO: Crypto market ‘panic’ is subsiding, now’s the time to buy ” The chief executive of Pantera Capital, Dan Morehead, is confident that the big crypto selloff is slowing because he thinks “we’ve seen the most of this panic”. In the monthly newsletter published on June 14, the venture capitalist stated that the…
“# Bitcoin price falls after Fed shifts interest rate hikes forward amid inflation fears ” Bitcoin dropped closer to a key support level and the Dow and the S&P 500 pulled back after the Federal Reserve moved forward its plan for 2 interest rate hikes in 2023. Bitcoin (BTC) price extended its losses shortly after…