While billionaire Ray Dalio believes that fiat is in jeopardy, he also thinks that neither Bitcoin (BTC) nor stablecoins are the answer. In response, crypto community members took to Twitter to expres...
Tag: Bitcoin
Popular Crypto Analyst Forecasts Explosive Bitcoin Rally As Potential Golden Cross Spotted – But There’s a Catch
A widely followed crypto strategist says Bitcoin (BTC) may be gearing up for explosive price action to the upside amid the potential cross of two key indicators. The anonymous host of InvestAnswers te...
Marathon Digital Holdings sells bitcoin to raise funds
Marathon Digital Holdings’ recent sale of 3,000 bitcoin was a strategic move to raise capital for growth, not a result of financial distress, according to the leading bitcoin mining company. Marathon ...
Craig Wright’s lawsuit against multiple Bitcoin developers will go to trial
A lawsuit from Craig Wright that aims to have Bitcoin developers surrender crypto and modify code can go to court, Reuters reported Feb. 3. Wright is suing 15 developers in an attempt to obtain 111,0...
Sri Lanka Central Bank Says Bitcoin Cannot Solve Economic Crisis
Billionaire investor Tim Draper got a more challenging reception than he anticipated when proposing Sri Lanka, a bankrupt nation, to Bitcoin. Draper was in Sri Lanka on Tuesday, talking with local ent...
Bitcoin NFTs cause spicy fees, Mastercard exec tokenizes resignation letter and more
Bitcoin Ordinals cause fees to spike The Bitcoin (BTC)-native Ordinals protocol is taking up record-breaking space on the blockchain and, in the process, hiking the transaction fees on the network. Th...
Billionaire Ray Dalio believes that fiat is in jeopardy
Although the billionaire Ray Dalio feels that fiat currency is in danger, he is also of the opinion that neither Bitcoin (BTC) nor stablecoins are the solution to the problem. As a kind of reaction, i...
Sri Lanka Dismisses Tim Draper’s Idea to Combat Corruption With Bitcoin
Nandalal Weerasinghe – Governor of the Central Bank of Sri Lanka – rejected Tim Draper’s idea to eliminate corruption in the country by embracing bitcoin. The banker argued that adopting the primary c...
Marathon’s first Bitcoin sale in 2 years not the result of distress
The second largest publicly-listed holder of Bitcoin, crypto mining firm Marathon Digital Holdings has offloaded some of its Bitcoin (BTC) for the first time in two years. A spokesman told Cointelegr...
Bitcoin Price Heading Back Towards $24,000 – Did Wednesday’s Liquidity Grab Give It The Boost It Needed?
Join Our Telegram channel to stay up to date on breaking news coverage Dropping below the $23k price level, Bitcoin raised some concerns in the market a couple of days back. On Thursday, however, the ...
Bankrupt crypto exchange FTX has acknowledged a recent spate of third party scams
FTX, a defunct cryptocurrency exchange, has admitted that its clients have recently been targeted by a series of scams and frauds perpetrated by third parties. These schemes were designed to take adva...
Binance Says Indian Crypto Exchange Wazirx Can No Longer Use Its Wallet Services – Exchanges Bitcoin News
Binance has announced that Indian crypto exchange Wazirx can no longer use Binance wallet services. Zanmai, the operator of Wazirx, has until Feb. 3 “to remove the funds from the accounts that they us...
Bearish Sign for Bitcoin, CNBC’s Jim Cramer Says ‘Buy The Dip’
Jim Cramer’s propensity to making inappropriate comments led to creation of a fund seeking to bet against him. Michael Burry tweeted “Sell” while Jim asked to “Buy the dip” Tuesday night, Michael Burr...
Marathon Digital Holdings Sells Some of Its Bitcoin for the First Time
The cryptocurrency mining company Marathon Digital Holdings has sold part of its Bitcoin (BTC) holdings for the first time in the last two years, making it the second biggest publicly-listed holder of...
Bitcoin records uptick as whales return: What this means for the king coin
Bitcoin saw over 50,000 in Coin Days Destroyed. The Aroon indicator, however, pointed to the absence of pending price reversal. There are indications that Bitcoin’s [BTC] recovery remained active at p...
Australia’s Government is Bolstering Its Market Regulator’s Digital Asset
As part of its “multi-stage strategy” to cracking down on cryptocurrencies and ensuring that crypto companies provide accurate risk disclosures, the Australian government is increasing the...
Hackers Stole $3.8 Billion From Crypto Firms in 2022, Says Chainalysis – Featured Bitcoin News
Blockchain analytics firm Chainalysis says 2022 was “the biggest year ever for crypto hacking,” with $3.8 billion stolen from cryptocurrency businesses. The firm added that decentralized finance (defi...
Billionaire Ray Dalio Claims Bitcoin Enjoys Disproportionate Attention
Alex Dovbnya Founder of world’s most powerful hedge fund claims that Bitcoin is getting too much attention for its relatively ‘tiny’ size Contents Cash is no longer trash Neutral sta...
CryptoZoo, Logan Paul Sued for $5M Over his allegations
Both CryptoZoo and Logan Paul have been listed as defendants in a recently filed class-action complaint. The claim argues that the defendants engaged in a “fraudulent business” that result...
Binance Returns to Korean Crypto Market — Invests in Troubled Exchange Gopax – Exchanges Bitcoin News
Binance has returned to the South Korean cryptocurrency market after two years with a “meaningful” investment in a local, licensed crypto exchange. Gopax fell into trouble following the collapse of cr...
Silvergate Bank Probed by DOJ for Ties to FTX Exchange
It has been claimed that the fraud section of the United States Department of Justice is conducting an investigation against the crypto bank Silvergate for its participation with the defunct FTX excha...
Uzbekistan Collects Over $300,000 From Crypto Sector – Taxes Bitcoin News
While operations with digital assets are not taxed in Uzbekistan, the government is receiving a growing amount of revenues from the industry. The increase in budget receipts has been attributed to the...
Indonesia’s Ministry of Trade is reportedly aiming to roll out a national crypto exchange
It has been claimed that Indonesia’s Ministry of Trade is planning to launch a national cryptocurrency exchange by June of this year. This would be six months later than the ministry’s pri...
Experts Predict Future Regulation of Crypto Exchanges by 2025, With Split Opinion on Similarity to Traditional Finance – Regulation Bitcoin News
Following finder.com’s reports on bitcoin and ethereum predictions, the product comparison site polled 56 specialists in the fintech and cryptocurrency industry to gauge their thoughts on future regul...
Bitcoin drops to $23,250 on significantly higher-than-expected US payroll data
The U.S. Bureau of Labor Statistics (BLS) released nonfarm payroll data showing 517,000 jobs were added in January, marking a significantly higher-than-expected increase. Economists had forecast 185,0...
Billionaire investor Ray Dalio has described fiat currency as being in serious jeopardy
Ray Dalio, a billionaire investor, has said that fiat money is under “jeopardy” as an effective store of wealth, but he does not think that Bitcoin (BTC) and stablecoins will be the answer...
Craig Wright’s Case Against Bitcoin Developers Headed to Full Trial
Tulip Trading – a Seychelles-based company founded by Craig Wright – has successfully brought its case against multiple Bitcoin developers to trial in the United Kingdom. Wright’s firm alleges that t...
Sberbank Set to Launch Decentralized Finance Platform Based on Ethereum – Defi Bitcoin News
A recent report details that Russia’s largest financial institution, Sberbank, plans to launch a decentralized finance (defi) platform in May. Konstantin Klimenko, product director of Sberbank’s block...
Fiat is in ‘jeopardy’ but Bitcoin, stablecoins aren’t the answer either: Ray Dalio
Billionaire investor Ray Dalio has described fiat currency as being in serious “jeopardy” as an effective store of wealth but doesn’t believe Bitcoin (BTC) and stablecoins will be the solution either....
Giant Bitcoin ‘Taproot Wizard’ NFT Minted in Collaboration With Luxor Mining Pool
Battle lines were drawn when the Ordinals protocol, which stores non-fungible tokens on Bitcoin, launched on the dominant blockchain last month. That showdown created two factions – purists who insist...
‘Bitcoin Miner Greenwashing,’ Claims American Environmentalist Group
American environmentalist group EWG says Bitcoin Miners’ shift to nuclear power is merely “greenwashing.” EWG believes miners use massive amounts of water to operate nuclear cryptomines. “Even one nuc...