Monthly Archives: February 2021

ECB President Christine Lagarde Says ‘It’s out of the Question’ That Central Banks Would Hold Bitcoin

The president of the European Central Bank (ECB), Christine Lagarde, has clarified whether central banks will start holding bitcoin now that a growing number of companies, like Tesla, are embracing the cryptocurrency. Lagarde remains skeptical about bitcoin, having recently said it “has conducted some funny business.” ECB Chief Christine Lagarde Denies Central Banks Will Hold Bitcoin Following Elon Musk’s Tesla investing $1.5 billion in bitcoin, the president of the European Central Bank (ECB), Christine Lagarde, has clarified whether central banks will hold bitcoin. During a conference call […]

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Twitter Is Considering Buying Bitcoin For It’s Balance Sheet

twitter considers the idea of buying bitcoin for its balance sheet and to pay employees. Eth 2.0 contract over 3 million. crypto lobbying is now here, and much more! Social Media: Support Me On Patreon: https://www.patreon.com/mrsotkogaming Follow me on Twitch: http://www.twitch.tv/mrsotko Follow me on Twitter: https://twitter.com/MrSotkoGaming Follow me on Instagram: https://www.instagram.com/mrsotko/ Discord: https://discord.gg/r2Yf8Ae Litecoin donation address: LZaQgPhBvQT6PC2gAnLsQGPPaYDPm5dyNx Ethereum only donation address: 0x125DE6B8FAb078701e0b11ECb1A6bDF3aF9E73dc Bitcoin donation address: 144vfND4SGhYxyjAWKHBETGncuwdYKmoyG BAT Donation Address: 0xC868a8322A714Bd506aB27768a3DDb9D4d2228Cd Sign Up To Coinbase For $10 Free in BTC – https://www.coinbase.com/join/pittse_d Sign Up To Kucoin To Trade […]

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Finance Redefined: Is this the escape from Ethereum? Feb. 3–10

Everyone’s trying to jump ship from Ethereum’s layer one, apparently. Finance Redefined is Cointelegraph’s DeFi-centric newsletter, delivered to subscribers every Wednesday. It seems that this week, finally, the community has had enough of Ethereum’s gas fees. That is obviously a bit of hyperbole, as gas fees are high precisely because people are willing to pay such a premium for Ethereum block space. But we’re seeing a kind of “applied trickle-down economics,” where a few brave degens are venturing outside to see what else exists in the world. […]

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Crypto investors should consider buying gold, Newcrest Mining CEO says

Gold should help crypto investors hedge against the risks of highly unstable prices of cryptos like Bitcoin, the CEO of Newcrest Mining said. Sandeep Biswas, managing director and CEO at Newcrest Mining, believes crypto investors should consider buying some gold to protect themselves against highly unstable prices of cryptos like Bitcoin (BTC). “If you’re into cryptos, you want to consider having some gold,” Biswas said on Bloomberg TV Thursday, stressing that gold is less volatile than crypto. The exec emphasized that gold is a different class of […]

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Ethereum-based social media project shuts down as ETH fees approach new highs

Ether transaction fees increased by over 35,000% in the past year, forcing one social media tokenization project to close down. An Ethereum-based project has been forced to cease development due to rising gas prices, as the cost of transacting on the blockchain continues to push new highs. The official Twitter account for social media token project Unite announced on Feb. 10 that the project was no longer in active development, adding that the original idea for the project had been rendered unfeasible by the recent gas price spike. The […]

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Thai finance minister critical of current crypto speculative surge

Thailand’s finance minister is not a fan of the retail crypto mania that saw monthly trading volume triple in January. Thailand’s booming cryptocurrency trading market is causing some concern for government officials. According to Bloomberg, Arkhom Termpittayapaisith — the country’s finance minister — has warned that the ongoing crypto speculative mania could have dire implications for Thailand’s capital market. The finance minister issued the warning while addressing a capital market conference on Thursday. As part of his remarks, Termpittayapaisith highlighted the massive surge in trading activity that […]

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Major Malaysian Bank Kenanga Acquires 19% Stake in a Crypto Exchange

One of Malaysia’s top investment banks has bought a 19% stake in a local crypto exchange via its private equity arm. The Kenanga Investment Bank announced its inception into the crypto business by investing in Tokenize Xchange. Tokenize Xchange Is One of the Three Malaysian Licensed Crypto Exchanges Per the official announcement, the bank made the transaction through Kenanga Private Equity Sdn Bhd via a conditional agreement to purchase 19% equity interest in the trading platform. Hong Qi Yu, chief executive officer of Tokenize Xchange, founded the […]

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Bitcoin whale clusters pinpoint $44,214 as the key near-term price level

Whale clusters show Bitcoin needs to defend $44,214 to see a continuation of the rally. Bitcoin (BTC) whale cluster data shows that $44,214 is the key near term level that the dominant cryptocurrency needs to defend. As Cointelegraph reported, in the last 24 hours, Bitcoin saw a sell-off after reaching a new all-time high at around $48,000, with the price shedding almost 8% and dropping to as low as $43,750 on Binance. Why is this level important for more BTC upside?  Whale clusters form when whales or […]

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US Treasury Secretary Yellen says crypto misuse is a growing problem

The private sector invests enormous resources to help the government combat crypto crimes, U.S. Treasury Secretary Janet Yellen said. United States Treasury Secretary Janet Yellen is concerned about crypto’s supposed criminal element.  In Feb. 10 remarks to a financial sector innovation roundtable, United States Treasury Secretary Janet Yellen stated that the misuse of cryptocurrencies and virtual assets has been a growing problem alongside cyber attacks triggered by the global pandemic. Secretary Yellen said that despite the potential of new technologies like crypto, such assets are still associated […]

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Europol Arrests 10 Members of a Sim Swapping Criminal Gang That Stole Cryptocurrencies Worth $100 Million

The European law enforcement agency, Europol, has arrested 10 people believed to be members of the criminal gang that stole cryptocurrencies with an estimated value of $100 million. The arrests follow an international investigation into a series of sim swapping attacks that occurred in 2020. According to Europol, this criminal gang had also targeted high-profile victims that are based in the U.S. The Hijacking of Mobile Devices In a statement following the arrests, the law enforcement agency explains that eight members of the gang were nabbed on […]

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