The Central Bank of Chile has delayed its plans for a central bank digital currency (CBDC) saying the issuance of a digital Chilean peso requires a deeper analysis of the benefits and risks, promising a new report towards the end of the year. A report from the bank published on May 11 included a preliminary evaluation of a Chilean CBDC…
The Shanghai High People’s Court has declared bitcoin to be a virtual asset protected by Chinese law. The court notes that the cryptocurrency has economic value. Bitcoin Is Property Protected by Law in China The Shanghai High People’s Court has declared that bitcoin qualifies as a virtual asset protected by Chinese law despite the ban on cryptocurrency trading in China,…
Despite steadily declining prices of Bitcoin and turmoil on the markets today, some of the largest mining companies are unfazed and insist their operations will not be affected by negative price volatility. Some even see it as an opportunity to gain market share as smaller competitors collapse. Bitcoin (BTC) prices have been on a steady decline all year up to…
Liberland is a sovereign state located between Croatia and Serbia on the west bank of the Danube River. It is the first micronation to have accepted Bitcoin back in 2015, accomplishing the purpose of its president, Vít Jedlička, the one responsible for this “slice” of geography, diplomacy and sovereignty. Liberland, as Jedlička assures, stands as “the freest nation in the…
Economist Nouriel Roubini, a crypto skeptic known as “Dr. Doom,” is developing a tokenized asset intended to be a more resilient U.S. dollar. “Our goal is to create a global store of value … This is something akin to a substitute for Treasuries, or a digital asset that has payment features in it.” Nouriel Roubini’s Tokenized USD Alternative Economist Nouriel…
Charles Hoskinson wants you to “wake up.” In a Twitter broadcast on Tuesday night, the Cardano founder and Ethereum co-founder warned of a “dystopian future” brought on by hyperinflation and governments just printing money. “The world economy,” Hoskinson warned, “is not healthy.” And the ongoing crypto crash—where total market cap has plummeted 10% in the past 24 hours, according to…
We haven’t reached the bottom yet. That’s the conclusion that analysts at the Huobi Research Institute, the research arm of the Huobi cryptocurrency exchange, reached in a newly released report. In their report, titled “Is Another Black May Coming,” Huobi researchers Barry Jiang and Hanson Chan wrote that, when it comes to Bitcoin, “the market bottom has yet to come,…
As someone who learned the importance of “Bitcoin-only” from the personal experience of getting rekt, I feel a determination and duty to ward off newcomers from other cryptocurrencies, which I believe to be outright scams at worst (or subtle ways for others to take your bitcoin, at best). In my experience leading meetups and teaching lessons about Bitcoin, I’ve found…
Bitcoin extended losses to reach levels last seen in January 2021 on Wednesday amid a broader market sell-off. The peer-to-peer digital currency struggled to hold the $30,000 level throughout the day as U.S. inflation levels were reported above market expectations and a macroeconomic risk-off movement keeps gaining traction globally. Bitcoin drops to levels last seen in January 2021. Image source:…
The price of Ethereum dropped by nearly 10% in 24 hours to put it under the $2,100 mark for the first time since July 2021. Nearly simultaneously, Bitcoin extended its losses by 7% to hit $28,170—its lowest point since December 2020, when it was in the midst of a massive New Year’s rally. In what’s shaping up to be one…
