Mark Cuban counters Elon Musk, says Mavs will continue to accept Bitcoin
The Dallas Mavericks owner contends that Bitcoin replacing the legacy financial system will be a net positive for society and the environment. Go to Source Powered by WPeMatico
Month: May 2021
Stan Druckenmiller: US Will Likely Lose Reserve Currency Status in 15 Years, Hard to Unseat Bitcoin as Store of Value
Legendary fund manager Stanley Druckenmiller says that he is worried that within 15 years the U.S. dollar will lose its world’s reserve currency status. He said that crypto is a solution to the lack of trust in Fed Chairman Jerome Powell “and the rest of the world’s central bankers.” The billionaire investor further said that … Read more
Bitcoin price fails to build $50K support as traders eye lower levels next
Time to buy or wait and see? Bitcoin may have further to fall, but long-term price trends are still intact. Go to Source Powered by WPeMatico
Bank of Korea wants to monitor crypto trading activity, cites monetary risks
South Korea’s central bank is the latest entity seeking powers to monitor crypto trading activity in the country. Go to Source Powered by WPeMatico
Here’s why Ethereum, AAVE, ALPHA are unfazed by Bitcoin’s latest ‘Elon candle’
Several altcoins managed to escape the Bitcoin Tesla FUD. Go to Source Powered by WPeMatico
US SEC Has Brought 75 Enforcement Actions on Crypto Industry
The U.S. Securities and Exchange Commission (SEC) has brought 75 enforcement actions against companies and individuals in the crypto industry so far, according to a new report by Cornerstone Research. The agency also brought 19 trading suspension orders against digital asset market participants, and 43 were litigated in U.S. district courts. 75 Crypto Enforcement Actions … Read more
NFT game developer Animoca Brands completes capital raise at $1B valuation
NFT game developer Animoca Brands is claiming the status of crypto’s latest unicorn after raising almost $89 million at a $1 billion valuation. Go to Source Powered by WPeMatico
SoftBank founder hesitant on Bitcoin but says it ‘can’t be ignored’
SoftBank’s Masayoshi Son compares the popularity of Bitcoin to diamonds and bonds, but he still remains unsure about it. Go to Source Powered by WPeMatico
Hong Kong to expand pilots for cross-border use of digital yuan
The first phase of tests for use of the digital yuan across borders has been successful, the Hong Kong Monetary Authority has said. Go to Source Powered by WPeMatico
Sotheby’s crypto-powered auction sells Banksy art for $13M
Sotheby’s originally estimated Banksy’s “Love is in the Air” to sell for up to $5 million. Go to Source Powered by WPeMatico