MoneyGram Sued Over Allegedly False Statements about XRP
Despite its efforts to resist being affected by Ripple’s crisis, MoneyGram might have a few tough months ahead.MoneyGram International Inc (NASDAQ: MGI) has been sued by investors who purchased MoneyGram securities between June 17, 2019 and February 22, 2021. The lawsuit, filed on Monday,...
Miami Mayor responds to Yellen saying Bitcoin is worth studying
Miami Mayor Francis Suarez addressed Treasury Secretary Yellen’s recent Bitcoin snub, saying he isn’t surprised she is hostile towards the leading cryptocurrency.Expanding further, he said Bitcoin’s separation from the state is why investors flock to it in the first place. And when asked about...
Citibank presents its “bull case” for Bitcoin, but also cautions of risks
US bank Citibank said that macro conditions have created a “tipping point” for the world’s largest crypto asset.Opportunity and risksCitibank analysts said Bitcoin is poised to become the world’s “currency of choice” for global trade and that the asset has reached its “tipping point,”...
Monthly Recap: Bitcoin Leaves Ethereum In The Dust
Greg Waisman, the co-founder and COO of the fintech company Mercuryo, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) monthly price movements.Tesla Joins the Bitcoin Craze Pushing Prices to New All-Time HighsBitcoin kicked off February on a good posture. After enduring a...
Data shows miners are “accumulating” as Bitcoin falls to $44,000
Bitcoin markets saw a drastic correction over the last week which carried over to the weekend. But data shows miners are buying.Miners buyingData on Glassnode showed miners sold hundreds of thousands of Bitcoin in the period from the last week of December until last...
Economist paints woeful outlook if Bitcoin were to ever succeed
London School of Economics teacher Jon Danielsson argues that Bitcoin and fiat currency cannot co-exist. Danielsson claims the concept of Bitcoin as money makes no sense. What’s more, should it ever succeed, he envisions a world of great inequality which, as he alludes to,...
TWTR Stock Spikes 3.7% as Twitter Reveals Plans to Double Revenue by 2023
To double its annual revenue by 2023 as planned, Twitter would need an increase from 43.7 billion recorded in 2020 to at least $7.5 billion. Twitter Inc (NYSE: TWTR) saw a 3.7% gain in its stock after the social media network announced plans to double...
SEC Investigates Tesla’s CEO Elon Musk over Tweets Promoting DOGE
Shortly after Klarna CEO Sebastian Siemiatkowski expressed his concern over tweets promoting Bitcoin, reports revealed that the SEC is investigating Musk over DOGE tweets.The price of DOGE has declined in reaction to the news that the US Securities and Exchange Commission (SEC) is currently...
World’s First Ethereum ETF on Pace to Be Launched by Canada’s CI GAM
Canada’s openness to cryptocurrency innovation is in place and is billed to help bring live the supposed world’s first Ethereum ETF product.Canada-based CI Global Asset Management (CI GAM) is on pace to launch the world’s first Ethereum (ETH) Exchange Traded Fund (ETF) product. The...
75% surveyed say “No” to Bitcoin in “Money Saving Expert” poll
Martin Lewis, the self-styled “Money Saving Expert” and champion of consumer affairs for the British public, held a poll asking his followers if they own Bitcoin. So far, less than a day in, and the results show almost three-quarters answered: “No, not planning to.”
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