Zimbabwe’s Zimbocash project got closer to its goal of providing a sound-money alternative to the hyperinflation of the local currency. A project developing a national decentralized currency network in Zimbabwe has received a big boost with the listing of its Zimbocash (ZASH) token on the Bithumb Global exchange. According to a May 22 report in […]
Continue ReadingA basket of one quant analyst’s favorite metrics is still overly bullish, casting aside this week’s Bitcoin price drop. Three new Bitcoin (BTC) metrics are pointing to the sky despite $10,000 staying out of reach for BTC/USD this week. As revealed by Timothy Peterson of asset manager Cane Island Alternative Advisors, as of May 21, […]
Continue ReadingBitcoin and gold are “too speculative” and it’s better for investors to trust the government to pay them back, claims Peter Mallouk. Bitcoin (BTC) is not what young investors should buy after the coronavirus crash, says the man who once said that the biggest cryptocurrency faces an “inevitable death spiral.” Speaking to CNBC on May […]
Continue ReadingThe Twitter CEO announced on May 21 that he would be giving $5 million to Humanity Forward, a UBI-proponent established by Andrew Yang. Jack Dorsey, CEO of Twitter and mobile-payment platform Square, is donating $5 million to Humanity Forward, a group launched by crypto-friendly former presidential candidate Andrew Yang, as part of both entrepreneurs’ efforts […]
Continue ReadingThe price of Bitcoin is set to test lower levels as support after numerous attempts to break $10,000 have failed. Since May 20 Bitcoin (BTC) price has dropped nearly 10%, shifting traders’ focus from taking out the $10K resistance to now holding above the all-important $8,800 support. The short-term bearish trend took hold after the […]
Continue ReadingIra Kleiman’s legal team claims Craig Wright already has access to the encrypted file at the heart of the case, citing the movement of $1.6 million BTC as evidence. Ira Kleiman’s legal team claims Dr Craig Wright already has the ability to open the encrypted file believed to contain the private keys to more than […]
Continue ReadingMyanmar’s central bank claims crypto traders can be fined or imprisoned, but there are doubts about whether legislation backs this up. The Central Bank of Myanmar (CBM) announced that it does not recognize cryptocurrencies as an official currency and anyone caught trading digital assets can be imprisoned or fined. But local crypto enthusiasts dispute whether […]
Continue ReadingBlockchain.com follows Binance in listing the Russian ruble, while local government considers strict regulations for the industry. Blockchain.com, a major cryptocurrency wallet and blockchain data provider, plans to support Russia’s national currency, the ruble (RUB). Although some big exchanges like Binance have introduced the Russian ruble, there is still no law authorizing circulation of crypto […]
Continue ReadingIn a world without electricity and the Internet, Bitcoin would find alternatives to flourish, argues Andreas Antonopoulos. What if the world was hit with another major disaster, but this time, it included global electrical failure? Would Bitcoin (BTC) survive, would it thrive, what about the banks? — We have the answers. Bitcoin consumes massive amounts […]
Continue ReadingAlbania passes new comprehensive law written by the Minister of Finance and Economy to regulate crypto activities. Albania’s Parliament signed a bill into law on May 21 plenary session a legal framework for cryptocurrencies. The law, “On Financial Markets Based on the Technology of Distributed Ledgers,” first appeared before the Committee of Economy in October […]
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