Bitcoin

Government clamps down on bitcoin mining farms in China’s Inner Mongolia.

In China's Inner Mongolia, the local government agency has required a local electricity trade company to disqualify 21 bitcoin mining farms from participating in energy trading. Local crypto news platform Wu Blockchain first reported the document, but it did not provide the names...

Former RBI governor says bitcoin will work alongside CBDCs.

In an interview with the CNBC, the former governor of the Reserve Bank of India and former chief economist of the International Monetary Fund, Raghuram Rajan, said that he sees Bitcoin and central bank digital currencies (CBDCs) working alongside...

Coinbase CEO Brian Armstrong says bitcoin is more trustworthy than the US Dollar.

Brian Armstrong, the CEO of Coinbase, believes that the leading cryptocurrency bitcoin is more trustworthy than the world reserve currency US Dollar. He said that the increasing economic stimulus and quantitative easing caused by the ongoing pandemic is raising...

The former Prudential Securities CEO believes bitcoin is safe heaven amid the pandemic.

George Ball, the former CEO of Prudential Securities and now CEO of Sanders Morris Harris, suggested that bitcoin or other cryptocurrencies could be "a safe haven" for investors and traders as an alternative investment. In an interview with Reuters,...

Kazakhstan proposes a 15% tax on crypto mining to help fight the pandemic.

According to a recent report by a local Russian publication, Kazakhstan's ministry of economy has proposed a new tax plan requiring crypto mining companies to file an application for registration with the authorities. After registering, the taxpayer must then indicate...

Crypto exchange giant Coinbase plans to offer bitcoin loans to US customers.

The crypto exchange giant Coinbase announced that it is planning to allow it's United States customers to borrow fiats with bitcoin as collateral. The crypto exchange did not specify any set deadline for launching the service, but it is...

Bitcoin rises to an all-time-high against Argentian Peso, Turkish Lira, and Brazilian Real.

Bitcoin has surged beyond its all-time high against the Argentine peso, Turkish lira, and Brazillian Real by 169%, 20%, and 5%, respectively, as growing concerns in their local economies put strains on fiat, turning people to Bitcoin to facilitate...

Binance launches new “COIN-margined” perpetual futures contracts priced in Bitcoin.

One of the world’s leading the crypto exchange, Binance, has announced new “COIN-margined” perpetual futures contracts priced in Bitcoin. Unlike traditional futures contracts, where buyers and sellers are obligated to execute the deal on a set date regardless of the...

Cameron Winklevoss calls US dollar funny money as politicians negotiate stimulus package.

Coronavirus stimulus failures show just how irrelevant the dollar supply has become, and this "a wakeup call" for those not looking at Bitcoin, Gemini co-founder Cameron Winklevoss tweeted. Winklevoss tweeted that the US dollar has become such funny money...

Bitmain delays shipments of its Antminer bitcoin mining machines by three months.

According to a post on Bitmain's official Wechat account, the Chinese bitcoin miner manufacturer said customers whose orders were supposed to deliver in June and July would have to wait until September and October. Those bitcoin mining machines are typically ordered...

Latest News

The Bermuda Stock Exchange approves Bitcoin ETF.

The Bermuda Stock Exchange (BSX) announced last week that it had approved the Hashdex Nasdaq Crypto Index ETF on...

ECB President says digital euro will not be a substitute for cash.

Speaking at an online meeting of the Franco-German Parliamentary Assembly, ECB President stated that the bank was exploring "the benefits, risks and operational challenges" of a...