The Fight For Bitcoin, Round Two “Haven’t you heard it’s a battle of words …” – Pink Floyd ‘Us and Them’ What really makes Bitcoin different? In The Fight for Bitcoin Round One: Water’s Warm Maximalism, much was said about how and why to engage in good, truth-bearing faith with nocoiners, altcoiners, and Bitcoin skeptics alike. But not a lot…
Grayscale, the world’s largest crypto asset manager, is considering 25 more crypto assets for investment products. With the latest additions, the company’s list of coins under consideration has grown to 43. “The process of creating an investment product similar to the ones we already offer is a complex, multifaceted process,” said Grayscale. 25 Crypto Assets Added to List of Coins…
Members of the executive board at the International Monetary Fund are urging lawmakers in El Salvador to no longer recognize Bitcoin as legal tender. The IMF reported on Tuesday that though digital payments had the potential to increase financial inclusion in the Central American nation, the use of Bitcoin (BTC) as legal tender carried “large risks” related to financial stability,…
The dominant sentiment of doom and gloom in the crypto market shifted toward hope on Jan. 25 after the price of Bitcoin (BTC) climbed to $37,500 briefly as stock markets staged a midday rally that recovered most of the losses from Jan. 24. Even with Jan. 25’s recovery, global markets remain in a state of flux, primarily due to uncertainty…
In brief Ripple’s valuation is now a third higher than in late 2019 The shadow of an SEC lawsuit continues to hang over the company Ripple is touting major growth in its payment business Ripple announced on Tuesday that it has bought back the shares from the investors who financed its $200 million Series C round in December of 2019.…
The executive board of the International Monetary Fund issued a statement on Tuesday urging El Salvador to remove Bitcoin’s legal tender status in the country, citing concerns over risks the digital currency allegedly poses to financial stability and market integrity. The recommendation from the IMF comes as directors seek to stir the Central American country back to a position of…
The International Monetary Fund (IMF) has been very critical of cryptocurrencies and according to a report on Tuesday, the IMF’s board has “urged” El Salvador to discontinue its bitcoin tender status. A few members of the IMF’s board said the country’s decision to leverage bitcoin within its financial system could pose risks. IMF Report Attempts to Persuade El Salvador to…
On Tuesday, Ryan Wyatt, head of gaming at YouTube, announced he would be leaving the video-sharing platform in February. Partly due to his leadership, YouTube Gaming sees over 250 million daily logged users per day with hundreds of billions of watch time each year. Wyatt cited his passion for blockchain and Web3 development in explaining his resignation. He will soon…
In brief The International Monetary Fund monitors the global financial system. It’s spending a lot of time looking in El Salvador’s direction. The International Monetary Fund (IMF), which monitors the global economic system and distributes loans and aid to its 190 dues-paying member countries, has stepped up its calls for El Salvador to abandon Bitcoin. As part of regular meetings…
The bitcoin price enters green territory on Tuesday and decouples from the Nasdaq index as tech stocks extend losses ahead of the Federal Reserve’s Federal Open Market Committee (FOMC) meeting. Bitcoin recovered quickly from a sharp drawdown on Monday as markets around the globe turned red in a unisonous risk-off movement. As BTC gains prestige among mainstream investors, mainly institutional…
