Bitcoin ‘of great concern,’ Ireland’s central bank official warns
Cryptocurrency investors should be ready to lose all their holdings, according to Ireland’s central bank financial conduct director. Go to Source Powered by WPeMatico
DIGIT
Worst month for BTC price in 10 years: 5 things to watch in Bitcoin
Strong hands are hodling stronger than ever as May 2021 lines up to be the worst May ever for Bitcoin. Go to Source Powered by WPeMatico
Central Bank of Brazil Issues Guidelines for Its CBDC
The Central Bank Of Brazil, the highest monetary authority of the country, has released a note listing the general guidelines for the design of a hypothetical central bank digital currency (CBDC) for the country. While there are still no concrete steps taken in this direction, at least the document recognizes there have been discussions about … Read more
Belt Finance loses millions in latest BSC-based DeFi exploit
Another day, another BSC DeFi protocol gets hacked. Go to Source Powered by WPeMatico
US regulators must collaborate on ‘regulatory perimeter’ for crypto: OCC head
Acting OCC head, Michael Hsu, wants greater inter-agency cooperation in establishing regulatory guidelines for the crypto sector. Go to Source Powered by WPeMatico
Sichuan Energy Officials Plan to Meet in June to Discuss Bitcoin Mining Implications
Ever since government officials in China started talking about cracking down on bitcoin mining and reiterating crypto guidelines from 2017, digital currency proponents and the media have been focused on this region. Just recently, a Chinese state-backed online publication revealed that the Sichuan Energy Regulatory Office plans to hold a meeting on June 2, 2021, … Read more
Chinese traders turn to OTC desks amid regulatory crackdown
Threats from China’s central government appear to have done little to quash local demand for crypto assets. Go to Source Powered by WPeMatico
UK Police Raid Alleged Cannabis Farm, Finds Bitcoin Mining Facility Stealing Power
Police from the UK executed a raid in an industrial unit in the West Midlands county expecting to find a cannabis farm, but instead found a big bitcoin mining facility, that was coincidentally bypassing the controls from the local power utility company to siphon energy from the main grid, stealing thousands of pounds in the … Read more
Chinese Economist Says if Bitcoin Is Widely Adopted: ‘We’re All Going to Die, This Is Not a Joke’
A Chinese economist and assistant director at the International Monetary Institute of Renmin University, Qu Qiang, has predicted that “We’re all going to die” if bitcoin becomes widely adopted as a currency. He foresees our society falling into “a death spiral of deflation,” noting that “the whole society is going to shrink and self-explode.” We’re … Read more
Financial Guru Dave Ramsey Advises Whether One Should Invest in Bitcoin, Other Cryptocurrencies
Financial guru Dave Ramsey has given advice on whether one should invest in cryptocurrencies, like bitcoin. Ramsey sees cryptocurrency as a get-rich-quick scheme, preferring to make his money in a “methodical” and “boring” way. Dave Ramsey’s Advice on Investing in Bitcoin and Other Cryptocurrencies Dave Ramsey has given advice on cryptocurrency investing. Michael from Dayton, … Read more
