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“# India’s Warren Buffet says Bitcoin hangover will be worse than the party ” The billionaire investor known as India’s Warren Buffet, Rakesh Jhunjhunwala, has voiced his support for India’s impending cryptocurrency ban, warning that the hangover from Bitcoin (BTC) mania will be worse than the party itself. Jhunjhunwala, speaking on CNBC’s Street Signs Asia…
“# Swedish regulators warn consumers against crypto as markets tumble ” Sweden’s financial regulator, Finansinspektionen, or FI, has issued a fresh warning to retail traders about the high risks and low consumer protections associated with crypto-related investments. In an announcement published on Feb. 22, the regulator wrote that while it had already issued a warning regarding…
“# Bitcoin mining operator Northern Data reportedly considering $500M IPO ” Major European Bitcoin (BTC) mining company Northern Data is reportedly considering going public in the United States. Germany-based Northern Data is planning to raise up to $500 million in the initial public offering, or IPO, Bloomberg reported on Feb. 22. The company is working with…
“# Major Asian banks unite to form ‘multiple’ CBDC pact on blockchain ” Several major banks across Asia have joined forces to construct a cross-border central bank digital currency, according to a joint announcement issued on Feb. 23. Dubbed the Multiple Central Bank Digital Currency Bridge — or m-CBDC — the project sees the Hong…
“# Bitcoin falls to $45K in sequel to 20% BTC price crash ” Bitcoin (BTC) extended its losses on Feb. 23 as selling pressure took markets below $47,000 for the first time in over a week. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview Fresh dive takes BTC/USD to 8-day lows Data from Cointelegraph Markets and…
“# Bill Gates warns Bitcoin buyers: If you have less money than Elon Musk — watch out ” Microsoft founder Bill Gates has issued a warning to would-be Bitcoin (BTC) buyers looking to follow Elon Musk’s investment strategy. Speaking to Bloomberg’s Emily Chang, Gates suggested Musk had access to sophisticated trade management techniques that the…
“# Bank of Korea chief says crypto has no intrinsic value, expects volatility ” Amid a major downward correction in the cryptocurrency market, the head of South Korea’s central bank is skeptical about digital currencies like Bitcoin (BTC). Bank of Korea Governor Lee Ju-yeol said that crypto assets like Bitcoin have no intrinsic value, local…
“# Whale who sold Bitcoin before 2020 crash cashed out $156M before this week’s 20% dip ” Bitcoin (BTC) lost 20% in a day partly thanks to the actions of a single whale, new research suggests. Data from on-chain analytics firm Santiment on Feb. 23 showed that BTC/USD dipped to $47,400 after Bitcoin’s second-largest transaction…
“# Altcoins and DeFi sell-off after Bitcoin’s 17.6% correction below $50K ” In the early morning trading hours Bitcoin (BTC) price abruptly dropped by 17.65% which triggered a major downturn throughout the entire market. Data from Cointelegraph Markets and TradingView shows that Bitcoin decreased from a high of $58,274 on Feb. 21 to a low…
“# ‘Sustained institutional buying’ will hold Bitcoin above $50K: CrossTower ” In a report shared with Cointelegraph, institutional crypto trading platform CrossTower asserts that large investors will not let Bitcoin (BTC) fall back below $50,000. According to the report, addresses holding over 1,000 BTC rose to record highs in January on the heels of sizable retracements —…