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By Mark Hunter12 hours agoTue Jun 28 2022 09:04:17 Reading Time: 2 minutes SEC Chair Gary Gensler has reaffirmed that Bitcoin is not a security Gensler told Mad Money that only Bitcoin could be sure of being classed as a commodity Gensler has infuriated crypto projects with his lack of transparency over crypto securities The…
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Author of the article: Bitcoin on Sunday rose around 7.6% to $20,404 from its previous close, signaling a recovery from a sharp drop on Saturday. Bitcoin, the world’s biggest and best-known cryptocurrency, is now up 16.7% from this year’s low of $17,592.78 on June 18, when it tumbled on investor worries about growing troubles in…
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The chief investment officer of global fixed income at Blackrock, the world’s largest asset manager, says bitcoin and crypto are durable assets. “I think there’s a healthy recalibration going on,” he said, noting that “if you look two to three years hence, they will be higher than today.” Blackrock’s Executive on Bitcoin and Crypto Rick…
Read moreReading Time: 4 minutes Bitcoin had lofty ideals when it was launched in 2009, but it looks to have failed in many of them Bitcoin’s price has become by far the most discussed and analysed metric Does Bitcoin have any remaining use cases except as a potential wealth generator? Bitcoin has gone through a tumultuous…
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Bitcoin was once again trading above $30,000, as markets were anticipating the release of May’s non-farm payrolls report. Whilst BTC was back in the green, ETH continued to trade lower, and as of writing is below $1,800. Bitcoin Following a drop in price on Thursday, BTC was back in the green on Friday, as traders…
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Author of the article: Bitcoin, the world’s biggest and best-known cryptocurrency, dropped 6.9% to $29,555.35 at 22:03 GMT on Wednesday, losing $2,262.81 from its previous closing price. It was down 38.9% from the year’s high of $48,234 on March 28. Ether, the coin linked to the ethereum blockchain network, dropped 7.52% to $1,794.68, losing $145.87…
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By Mark Hunter22 hours agoMon May 30 2022 11:28:51 Reading Time: 2 minutes The Central African Republic announced that it was adopting Bitcoin last month The country was colonised by the French in the 1880s and its currency is still tied to France Bitcoin is likely being used as a way of ditching this colonial…
Read moreReading Time: 2 minutes Bitcoin is entering a discount zone not seen since March 2020 The reaction to the recent dip suggests that a 2019-style recovery may be playing out Historically speaking, this zone has been a great time to buy Bitcoin has entered a discount zone last seen during the March 2020 crash, suggesting…
Read moreReading Time: 2 minutes FTX CEO Sam Bankman-Fried has said that Bitcoin no longer works as a payment method The 30-year-old told The Financial Times that its use was limited to a store of value, such as gold Bankman-Fried also stated his concern about Bitcoin’s environmental impact Sam Bankman-Fried, the CEO of exchange FTX, has…
Read moreReading Time: 2 minutes Bitcoin is looking weak after enduring a seventh weekly candle in a row Having failed to crack $31,000, Bitcoin is back to crucial support Likely rate hikes in June and July are giving traditional markets the jitters Bitcoin buyers are still thin on the ground as large numbers of would-be buyers…
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