The U.S. Securities and Exchange Commission (SEC) delayed completion of its review of SkyBridge Capital's application for a Bitcoin exchange traded fund to late August. Gasoline prices have jumped about 40% since the first of the year and are likely to go higher.
A survey by Crypto Head, a crypto education site, ranked the U.S. first followed by Cypress, Singapore and Hong Kong,
Bitcoin rose Monday as major investors expanded their holdings at good prices. Workers benefit as lockdown restrictions ease, retail sales surge.
Top crypto talent is gathering in Miami and may soon develop critical mass. The reasons: Low taxes, low operating costs, and a welcoming business environment.
Microgrids might be a build-to-suit answer to growing concern about the source of energy used in Bitcoin mining.
The number of companies and organizations accepting Bitcoin as payment continues to grow despite the cryptocurrency's wild price swings.
Many news reports said Monday that the FCA had banned Binance Holdings, the world's largest cryptocurrency exchange when, in fact, the regulator had simply reminded the company about dealing in derivatives. S&P Global expects the economy to grow at 6.7% this year and 3.7% in 2022, up from the initial estimate of 6.5% and 3.1%.
"On-chain signals indicate that strong hands are aggressively buying the Bitcoin dip," Alexandra Clark, a trader at London-based GlobalBlock, said in a research note. And marijuana-related stocks are getting a close look from investors as more states legalize the drug or decriminalize possession of small amounts for personal use.
The President of El Salvador has a deal for the nation's citizens: sign up for an e-wallet and receive free Bitcoin valued at $30.
"Despite the near-term volatility and recent headlines from China, we think ultimately the changes leave Bitcoin in a healthier and more resilient place," Greg Cipolaro, head of research at New York Digital Investment Group, said in a report.
It's unclear exactly what Tesla paid for Bitcoin when it invested $1.5 billion in the crypto last February, but it's almost certainly higher than the current price. On Tuesday, Bitcoin fell below $30,000 for the first time since late January.
China's continued crackdown on Bitcoin mining sent the value of the world's leading cryptocurrency below $30,000 for the first time since late January. The U.S. remaining the top destination for overseas money in 2021 and 2022, the United Nations said in a report.
Bitcoin fell about 7% Monday, dipping below $33,000 for the first time since June 8. Employment for workers earning less than $27,000 a year fell 23.6% in the first four months of 2020, while employment for workers earning $27,000 to $60,000 fell just 4.5%.
The producers of the film The Underground Sistine Chapel hope to cover all expenses and perhaps get seed money for their next project by selling NFTs based on their feature film. Put your GPS away: Rand McNally Large Scale Road Atlas was on the Publishers Weekly bestseller list for 45 weeks.
"While the government did approach us for assistance on Bitcoin, this is not something the World Bank can support given the environmental and transparency shortcomings," a World Bank spokesperson told Newsweek.
Nearly 90% of the world's central banks are developing digital currencies, apparently pressured by the rise of Bitcoin and other crypto currencies. Retail sales dipped in May, but spending at bars and restaurants surged as COVID-19 vaccination rates rose.
Intertrust, a publicly traded international trust and corporate management firm based in the Netherlands, surveyed 100 hedge fund managers worldwide and found that some firms plan to allocate as much as 10% or more of their portfolios to cryptocurrencies.
A survey conducted by Voyager Digital, a Jersey City, New Jersey-based provider of crypto brokerage services, found that 81% were more confident of the future of cryptocurrencies and 87% planned to increase their holdings.
El Salvador's legislature has adopted a bill making Bitcoin legal tender, the first nation to recognize the cryptocurrency as an acceptable form of payment for all debts. "Although enclosed shopping centers are continuing a contraction...the long-term future of malls is bright," an expert said.
Bitcoin's 10% climb in the last two days raises a basic question: Is this a dead cat bounce or the foundation for a rally? The National Retail Federation (NRF) said it expects retail sales to increase 10.5% to 13.5% this year compared with 2020.
The Tysons Corner, Virginia-based analytics and business-intelligence company plans to offer $500 million in debt to acquire additional Bitcoin. The World Bank says top economies will see their fastest recovery in 80 years, but many poor nations will struggle to regain pre-pandemic income levels.
"In true Trump style, his words are contradictory, claiming that Bitcoin is both a 'scam' and yet it competes with the dollar," Jason Deane, Bitcoin analyst at Quantum Economics, in London, told Newsweek.
Elon Musk's recent comments about Bitcoin undercut the efforts of investors to establish it as an asset class, and could erode Musk's standing as leader of his two major companies, Tesla and SpaceX.
"It's not about avoidance but rather portfolio construction based on an individual's investment goals or situation," Bill Herrmann, Co-Founder and Managing Partner at Wilshire Phoenix in New York told Newsweek.
"Several on-chain and network indicators have reflected a bullish skew over the week [for Birtcoin], albeit most being relatively neutral for the short and medium-term," Lennard Neo, a certified financial analyst and head of research at Stack Funds in Singapore, said in a research report.
Males outnumber females about 86% to 14% in the crypto market, while millennials, ages 25 to 35, make up 41.5% of Bitcoin investors. Meanwhile, Elon Musk keeps tweeting, and the SEC is taking notice.
Crypto prices have recovered from the lows, but investors remain cautious. Meanwhile, the dollar continued to tick down as traders assessed U.S. inflation, job growth and consumer spending amid the economic rebound from the COVID-19 lockdown.
"Copyright in NFTs is not automatically assigned," Anita K. Sharma, an entertainment attorney and managing partner of Sharma Law in Brooklyn, New York, told Newsweek. "The buyer owns the tokens that are in their digital wallet, but not necessarily the artwork associated with the NFT."
"We can live in a world with cryptocurrency or a world without ransomware, but we can't have both," said Lee Reiners, executive director of the Global Financial Markets Center at Duke University's Law School in Durham, North Carolina. "It is time for the adults to tell the children: Party's over."
The Bitcoin fear and greed index registered "extreme fear" Wednesday—but that could be a buying opportunity for gutsy investors, especially as the timid have sold into a falling market.