Roger Svensson, Associate Professor of the Institute of Industrial Economics, suggests Bitcoin (BTC) is unsuitable as a medium of flat money for international currency. The scholar told the Financial Times Monday. El Salvador President revealed last week that he intends to introduce a bill to legalise BTC as its legal tender to become the first country to accept BTC … Continue reading Scholar Disagrees BTC as the medium of Legal Tender
The New York Senators are moving to relax the terms of the earlier proposed Bitcoin and cryptocurrency mining ban. According to the bill which has been passed in the Senate, the lawmakers are now looking at halting only mining operations that are reliant on coal-powered sources while the green options will be allowed to thrive. … Continue reading New York Senate Gives Moratorium on Bitcoin Mining Operations Per Climate Change Concerns
U.S. Massachusetts Senator Elizabeth Warren recently took a firm stand against cryptocurrency. In a congressional hearing for the Senate Banking, Housing and Urban Affairs Committee’s Subcommittee on Economic Policy on Wednesday, June 9, Warren said that cryptocurrency has significant problems for four reasons: illegal activity, investment issues, price fluctuation, and cost to the environment. Warren, … Continue reading U.S. Senator Warren Urged To Regulate Cryptocurrencies
The International Monetary Fund (IMF) expressed their concerns over the recent adoption of legalising Bitcoin (BTC) as a legal tender in El Salvador. Per a Reuters report on Thursday, IMF officials concerned that the new development in El Salvador will cause severe legal and economic issues to urge that must analyse critically. “Adoption of bitcoin as legal tender raises … Continue reading IMF Concerns El Salvador Bitcoin Adoption as Legal Tender
MicroStrategy Inc. (MSTR), the enterprise software maker, filed a shelf registration to the U.S. Securities and Exchange Commission (SEC) on Monday, intending to sell as much as $1 billion in common shares for general purpose, including purchasing more Bitcoin, Bloomberg reported Monday. MSTR announced earlier Monday that the enterprise had completed the sale of $500 million … Continue reading MicroStrategy To Sell $1B in Stock for More Bitcoin
On Wednesday, June 16, the World Bank announced that it rejects helping El Salvador to implement its Bitcoin adoption agenda given environmental and transparency concerns. “We are committed to helping El Salvador in numerous ways, including for currency transparency and regulatory processes,” the World Bank spokesperson stated via email. The World Bank spokesperson further explained that it … Continue reading World Bank Refuses El Salvador’s Request to Assist Bitcoin Currency Adoption
After hitting an all-time high (ATH) of $4,350 in April, Ethereum (ETH) Tuesday plummeted to lows of $2,000 following the recent crypto market crash. Nevertheless, this price drop seems not to be dampening the spirits of ETH whales because they are still on a record-breaking trend, as acknowledged by Documenting Ethereum. The crypto data provider … Continue reading Ethereum Whale Addresses Are Still Hovering Around an All-Time High
Ethereum (ETH) was down by 2.96% in the last 24 hours at $2,440 during intraday trading, according to CoinMarketCap. The second-largest cryptocurrency by market capitalisation shed off a considerable amount of value after plummeting to lows of $2,000 from an all-time high (ATH) of $4,350. Nevertheless, Ethereum whales are taking advantage of this situation to … Continue reading The Top 10 Ethereum Non-Exchange Whale Wallets Hold 19.67 Million ETH
In one of a kind move, the House Republican campaign arm, the National Republican Congressional Committee (NRCC) in the United States, has announced an acceptance of cryptocurrencies as donations to its campaign efforts. According to a report by Axios, the NRCC will become the first national party committee to test this new form of virtual … Continue reading U.S. National Republican Congressional Committee To Accept Crypto Donations Through Bitpay
South American nation Paraguay has introduced a bill in its national assembly to make Bitcoin a legal tender, trailing the path of El Salvador. Congressman Carlitos Rejala introduced the Paraguayan Bitcoin bill, which will position Paraguay to advance in line with this new generation if the bill passed successfully. “As I was saying a long … Continue reading Paraguay Introduces Bill to Make Bitcoin Legal Tender