Australian Commonwealth Bank warned of a fake news article circulating on Meta Platforms, Inc’s Facebook and other social media platforms. The article alleges that the multinational bank has partnered with a trading platform in order to encourage people to invest in cryptocurrencies like Bitcoin, Ethereum, and Dogecoin. The country’s top lender further added that it has reported the…
No, Australian Commonwealth Bank Isn’t Tying With Any Exchange For Trading of Bitcoin or Any Crypto
April 20, 2022
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Here’s Why This Bitcoin Analyst Thinks BTC Is Approaching a Critical Juncture
Prominent cryptocurrency analyst Benjamin Cowen has shared his thoughts on his YouTube channel about Bitcoin’s future direction. What Happened He tells his over 725,000 subscribers that Bitcoin is putting in higher lows in a pattern that resembles other periods in BTC’s history. “There have been a couple of times where we’ve seen a similar type of…
Bitcoin Slumps to Lowest Monthly Level, ‘Could Get Ugly’ If $38,000 Point Breached
Bitcoin has fallen to its lowest level in about a month, with prices dropping to $38,580 on April 18 as investors remain risk-averse to the digital currency and uncertainties mount over demand for these coins. After exceeding $68,500 in November 2021, Bitcoin prices fell below $33,500 in January 2022. Since Russia invaded Ukraine, the cryptocurrency…
Why Russian Oligarchs Can’t Evade Sanctions Through Bitcoin
Blockchain data platform Chainalysis explored if Bitcoin can be used for mass Russian sanctions evasion in a recent blog. Here are their findings: Ticket Size Chainalysis relied on a 2017 study by the National Economic Bureau, which estimated that Russian oligarchs hold nearly $800 billion in offshore funds. The platform used the number for its analysis even though it did…
Musk Proposes Twitter Blue Subscription Shake-Up
Elon Musk, Twitter Inc.’s biggest shareholder, on Saturday suggested a raft of changes to the social media giant’s Twitter Blue premium subscription service, including slashing its price, banning advertising, and giving an option to pay in the cryptocurrency dogecoin. Twitter Blue, launched in June 2021, is Twitter’s first subscription service and offers “exclusive access to…
‘When You Think ESG, You Should Be Thinking CCP’: Peter Thiel
April 8, 2022
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In his keynote address to the Bitcoin 2022 conference in Miami, venture capitalist Peter Thiel said environmental, social, and corporate governance (ESG) is “perhaps the real enemy” of the cryptocurrency, likening the movement to the Chinese Communist Party (CCP). “I think that ESG is just a hate factory. It’s a factory for naming enemies, and…
Does Elon Musk’s Twitter Stake Spell Hope for an End to Bitcoin and Dogecoin Giveaway Scams?
Among the most tweeted about topics by Elon Musk is cryptocurrency. Could the recent announcement that the world’s richest person took a stake in Twitter Inc lead to a crack down on cryptocurrency giveaway scams? What Happened: The Tesla Inc CEO is now the owner of 9.2 percent of Twitter Inc thanks to a stake revealed…
How US Banks Are Dipping Their Toes in the Crypto Water
April 6, 2022
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Last week, a top U.S. banking regulator warned of growing risks as banks start to capitalize on the popularity of cryptocurrencies to offer related services to clients. Here is how some of the biggest banks operating in the United States have gotten involved in crypto: Custody Services Bank of New York Mellon announced in February…
Bitcoin Holds Ground After Touching Highest This Year
LONDON—Bitcoin on Tuesday held ground just below its highest this year, touched a day earlier, with gains for the original cryptocurrency topping 27 percent since the Ukraine war. Bitcoin hit $48,234 on Monday evening, its highest since Dec. 31. It was last trading up 0.9 percent at $47,553. Its gains lifted smaller cryptocurrencies that tend…
Bitcoin Rises 4.4 Percent to $46,499
Bitcoin surged 4.41 percent to $46,499.29 at 22:07 GMT on Sunday, adding $1,963.64 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 41.1 percent from the year’s low of $32,950.72 on Jan. 24. Ether, the coin linked to the ethereum blockchain network, surged 3.92 percent to $3,270.67 on Sunday, adding $123.45…
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