Fri Sep 22 2:43 AM

CBDCs do not threaten Bitcoin — their success might depend on it

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A little less than two years ago, the International Monetary Fund (IMF) published a research paper on the rise of digital money. Much of the text dealt with how Central Banks could mitigate potential risks that digital money and in particular...

NFT project mints 10,000 ‘digital pizzas’ in throwback to Bitcoin

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RarePizzas, a Chainlink-powered Non-Fungible Token (NFT) project, is paying homage to Bitcoin ‘Pizza Day’ by selling over 10,000 unique digital pizzas, it said in a release today.Why pizzas for NFTs?Pizzas were the first-ever real-world item to be bought via Bitcoin after...

Bitcoin is much closer to gold than to dollar, says Jerome Powell

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While Bitcoin and other cryptocurrencies are “not backed by anything,” they are still capable of serving as a “substitute for gold,” Jerome Powell, chairman of the United States Federal Reserve, stated today.During a video conference hosted by the Bank for International...

Bitcoin Google searches spike 5x in Turkey, while the Lira falls 15%

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Google searches for Bitcoin soared today in Turkey, surging 566% in Google Trends after the Turkish Lira plunged 15%.A strong reaction from investorsOver the weekend, Turkish President Recep Tayyip Erdogan fired Naci Agbal, the Central Bank Governor, and replaced him with Sahap...

One of China’s biggest miners expects Bitcoin bull run to end in 2022

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One of the biggest China-based Bitcoin miners says the Bitcoin market would move ahead with full steam and see a slowdown only in June 2022, as per local sources.Miner cautionWu Colin, a journalist focused exclusively on China who goes by Wu...

Markets wrap: Bitcoin, Ethereum see resistance while VeChain (VET) sets ATH

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Bitcoin, Ethereum, and other large-cap cryptocurrencies saw a mixed weekend as price action remained choppy after Friday. However, some altcoins put on big numbers for holders.Chop for Bitcoin and EthereumBitcoin saw resistance at the $59,800 mark over the weekend and failed...

First Trust Advisors and SkyBridge Capital apply for Bitcoin ETF

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Investment advisory firm First Trust Advisors and hedge fund SkyBridge Capital, led by former White House communications director Anthony Scaramucci, have filed an application for a Bitcoin exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC).Per the filing, the fund...

SkyBridge Capital CEO says Elon Musk owns over $5 billion in Bitcoin through Tesla and SpaceX

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Electric car giant Tesla’s $1.5 billion investment in Bitcoin is less than one-third of the total crypto reserves held by Elon Musk and his companies, Anthony Scaramucci, CEO of investment firm SkyBridge Capital, asserted today.“Elon Musk didn’t stop with Tesla. I...

Deutsche Bank report: “Bitcoin is too big to ignore”

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Now that the crypto market is worth over $1.8 trillion, Deutsche Bank stated that Bitcoin is “too big to ignore,” according to a report.The report outlines the challenges of Bitcoin becoming a medium of exchange or an asset class. It notes...

Bitcoin is slow, impractical, and eco-unfriendly, says Bank of America

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Bitcoin (BTC) is “exceptionally volatile,” “impractical,” and extremely harmful to the ecosystem, said Bank of America’s (BofA) analyst in a research report cited by TheStreet today.Titled “Bitcoin’s Dirty Little Secrets,” the report stated that there is “no good reason to own...