Global monetary easing will continue pushing Bitcoin price higher, analysts say. China’s recent currency devaluation seems in line with similar policies taking place across the globe. Let’s take a look why Bitcoin price is rising as a result and why investors are increasingly considering taking shelter in Bitcoin — a neutral and borderless network for […]
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Malaysian electric utility Tenaga Nasional Bhd has raided 33 illegal Bitcoin mining operations that were allegedly stealing electricity. Authorities raided Bitcoin (BTC) mining operations in Malaysia after finding that they were stealing electricity resulting in a loss of 3.2 million Malaysian ringgit ($760,736) to the utility company. 33 facilities illegally mining Bitcoin Malaysian major electric […]
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The European Central Bank says the “central banking community” will refine its monitoring of cryptocurrency transactions, both on- and off-chain. The European Central Bank (ECB) says the “central banking community” will refine its monitoring of cryptocurrency transactions, both on- and off-chain. In an Aug. 7 report entitled “Understanding the crypto-asset phenomenon, its risks and measurement […]
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Galaxy Digital CEO Mike Novogratz says that Bitcoin’s 2019 rally could have “real legs” given today’s turbulent macroeconomic and geopolitical landscape. Galaxy Digital CEO Mike Novogratz says that Bitcoin’s 2019 rally could have “real legs” given today’s turbulent macroeconomic and geopolitical landscape. In a tweet posted on August 5, Novgoratz remarked that: “With the yuan […]
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Iran’s government released a new law that does not accept crypto as legal tender or recognize transactions carried out with cryptocurrency. The Iranian government has instituted a new law that does not accept crypto as legal tender or recognize domestic transactions carried out with cryptocurrencies. On Aug. 4, the Cabinet of Iran ratified and released […]
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China’s central bank, the People’s Bank of China, has announced in a recent video conference that it is prioritizing the development of a national digital currency. China’s central bank, the People’s Bank of China (PBoC) announced that it accelerated the development of its cryptocurrency. In an Aug. 2 statement, PBoC summarized the proceedings of a […]
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The FATF’s regulation might be the end of privacy in crypto industry, and the regulation might also create a black market of crypto addresses. The G-20 Summit in Japan brought 20 finance ministers and central bank governors to officially commit to implementing the guidelines of the Financial Action Task Force (FATF). The lack of regulation […]
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Former Japan Central Banker says that Facebook’s Libra is likely to undermine sovereign monetary policy in countries with low market trust. Any country seeing widespread use of Facebook’s proposed Libra digital currency could find that its central bank monetary policy is severely undermined. This is the view of Hiromi Yamaoka, former Bank of Japan executive, […]
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Digital asset research firm Delphi Digital says that the macroeconomic landscape is creating the “perfect storm” to ignite Bitcoin price appreciation. Digital asset research firm Delphi Digital says that the macroeconomic landscape is creating the “perfect storm” to ignite Bitcoin price appreciation. Monetary easing, crypto peaking In a fresh report cited by Forbes on August […]
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Crypto bull Anthony Pompliano predicted that every central bank will be buying Bitcoin to hedge risks to the United States dollar. Every central bank will be buying Bitcoin (BTC) to hedge risks to the United States dollar, according to a forecast by major crypto bull Anthony Pompliano. In a tweet on Aug. 1, Pompliano, co-founder […]
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