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MicroStrategy’s Bitcoin bag is up $900M amid BTC price surge

DIGIT — Thu, 02 Nov 2023 00:16:21 +0000

Michael Saylor founded MicroStrategy has bought 6,067 Bitcoin since the start of the third quarter.

Chair of EU Parliament’s Committee on Budgets Calls for Crypto Ban Amid Banking Turmoil

DIGIT — Sun, 19 Mar 2023 07:00:46 +0000

A European lawmaker has urged authorities to impose a ban on cryptocurrencies citing the current crisis in the banking sector as a reason. Johan Van Overtveldt, former finance minister of Belgium, believes these assets bring no economic or social value. Belgium’s Ex-Finance Minister Suggests Ban on Decentralized Digital Currencies Member of the European Parliament, Johan […]

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Bakkt Shifts Focus to B2B Technology Solutions, Plans to Discontinue Consumer App

DIGIT — Mon, 13 Feb 2023 17:30:21 +0000

Bakkt Holdings Inc. announced Monday that it will solely focus on business-to-business technology solutions and discontinue its consumer application. The company stated that the app will officially be discontinued on March 16, 2023, and app users will continue to have access to all of their assets. Bakkt Consumer App to Sunset, Loyalty Points Still Accessible […]

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Federal Reserve Raises Benchmark Interest Rate by 0.25%, Disinflationary Process ‘Early,’ Says Powell

DIGIT — Wed, 01 Feb 2023 23:19:57 +0000

The U.S. Federal Reserve raised its benchmark federal funds rate by 0.25% on Wednesday after markets priced in near 100% certainty the Federal Open Market Committee (FOMC) would codify the quarter-point increase. The FOMC statement further detailed that ongoing rate increases are anticipated to bring inflation down to the target range of 2%. FOMC Outlines […]

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Brazil Registers Record Number of Institutions Declaring Cryptocurrency Holdings

DIGIT — Sun, 09 Oct 2022 10:00:44 +0000

Brazil registered its highest number of companies and institutions declaring ownership of cryptocurrencies in August. The numbers, which come directly from the Brazilian Tax Authority (RFB), show that more and more institutions are eager to purchase cryptocurrency, and also indicate that the most significant volumes are moved using Tether’s stablecoin usdt. Institutions Are Holding More […]

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Putin Warns Cryptocurrencies Carry Risks, Admits They May Have Future

DIGIT — Wed, 01 Dec 2021 13:30:15 +0000

Russian President Vladimir Putin has again spoken about cryptocurrencies, noting the “high risks” associated with the virtual assets. However, the Russian leader has also acknowledged that digital currencies may have a future and it’s necessary to follow their development. Russia’s Putin Still Cautious About Crypto Russian President Vladimir Putin has made another comment regarding cryptocurrencies. […]

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G7 Finance Ministers and Bankers Adopt Guidelines for Central Bank Digital Currencies

DIGIT — Fri, 15 Oct 2021 07:30:23 +0000

Any digital currency issued by a central bank must support financial and monetary stability, finance leaders from G7 member states have insisted. State-issued coins should also ensure privacy, transparency, and data protection, the officials stated. The forum adopted 13 public policy principles for retail digital currencies and stressed that “CBDCs are not ‘cryptoassets.’” CBDCs Must […]

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Bitcoin Will Not Become Legal Tender in Uzbekistan, Central Bank Official Insists

DIGIT — Wed, 15 Sep 2021 12:30:57 +0000

Cryptocurrency cannot be adopted as a means of payment in Uzbekistan, a high-ranking official from the country’s central bank has recently stated. Speaking to local media, the regulator’s representative also noted that unlike cryptocurrencies, the national fiat is backed by the bank’s assets. The statement comes in spite of Tashkent’s crypto-friendly moves in the past. […]

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Russia Not Ready for Bitcoin as Legal Tender, Putin’s Spokesman Peskov Says

DIGIT — Wed, 08 Sep 2021 21:30:03 +0000

Russia has no reason to recognize bitcoin, President Putin’s press secretary has noted after El Salvador became the first country to adopt the digital coin as legal tender. In a statement to the press, Dmitry Peskov revealed he is convinced that such a move would not bring any benefits to the Russian Federation. Kremlin Not […]

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Musk Trolls Buffett With Fake Quote on Twitter, Then Deletes It

DIGIT — Tue, 06 Jul 2021 15:00:19 +0000

Elon Musk went after Bitcoin hater Warren Buffett recently, sharing what looked like a bullish crypto quote attributed to the billionaire investor. The tech entrepreneur, whose comments on social media have been moving crypto markets this year, later removed the post with the obviously fake Buffett statement. Elon Musk Finds Buffett’s ‘Best Financial Advice’ Tesla […]

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