WazirX seems to be in trouble since ED had issued the Show Cause Notice to its M/s Zanmai Labs Pvt Ltd. WazirX is indeed India’s leading… Continue reading on The Capital »
Bitcoinization: JPMorgan Notes ‘Similarly Situated’ Countries Could Make Bitcoin Legal Tender Like El Salvador
JPMorgan struggles to “see any tangible economic benefits associated with adopting bitcoin as a second form of legal tender.” Commenting on El Salvador’s bitcoinization, JPMorgan did not rule out that the country’s move to make the cryptocurrency legal tender may be “the beginning of a broader trend among similarly situated, smaller nations.” JPMorgan’s Opinion on […]
Here’s how Bitcoin’s impending death cross could be a contrarian buy signal
Bitcoin traders are sitting on their hands after spotting a death cross on the daily chart but could this be a buy signal for contrarian investors? Bitcoin’s (BTC) succession of sharp corrections from its all-time high at $64,900 has turned investor sentiment negative, at least for the short-term. While some analysts believe the bottom may […]
Banks won’t exist in ten years unless they change their business model
The issues plaguing the financial world―whether centralized finance, insurance, lending or other assets — all come back to human error. For instance, why can’t a dispensary put cash in a bank? Because of bad human judgment. These rules and regulations make zero practical sense. The blockchain ecosystem takes the human element out of the equation. […]
An Open Letter To The Nigerian Government: Pursue A Bitcoin Standard
NFL star and Nigerian descendant Russell Okung asks the Nigerian government to adopt a Bitcoin standard or risk falling behind. Greetings President Muhammadu Buhari, The hope of Nigeria lies within this generation. I am proudly a Nigerian descendant living in America and am a proponent of Bitcoin. I write to urge the Nigerian government to […]
Nvidia CEO: We’re “on the cusp of” a blockchain and NFT-enabled metaverse
Nvidia’s new Voyager campus is serving as a test ground for what it will look like when then Metaverse meets the physical world. One of the most powerful men in tech thinks that the metaverse — a term for a series of interlinked, persistent virtual worlds with self-contained economies — is just around the corner. […]
SEC and CFTC Caution Investors About Funds Trading in Bitcoin Futures
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have warned investors of the risks of investing in funds with exposure to bitcoin futures. The SEC published an investor alert on funds trading in bitcoin futures Thursday. The alert comes from the SEC’s Office of Investor Education and Advocacy (OIEA) […]
Ethereum’s $1.5B options expiry on June 25 will be a make-or-break moment
Bulls and bears are equally nervous about the possible outcome of the June 25 $1.5 billion Ethereum options expiry. On June 25, Ether (ETH) will face its largest options expiry in 2021 as $1.5 billion worth of open interest will be settled. This figure is 30% larger than March’s 26 expiry, which took place as […]
Stock-to-Flow Creator Says ‘$288K Still in Play,’ Mike McGlone Sees an ‘Ace up Bitcoin’s Sleeve’
The popular Twitter account and creator of the bitcoin stock-to-flow (S2F) price model explained that “$288K [is] still in play.” Meanwhile, data from the exchange Deribit shows there’s 425 bitcoin call options with a strike price of $200K set for December 31, 2021. Plan B Says: ‘$288K Still in Play’ On June 12, 2021, while […]
Bybit Seeks Volcanologist Following El Salvador Volcano Bitcoin Mining Project
Crypto exchange Bybit has announced it is hiring a volcanologist to study how volcanic energy can be used to mine Bitcoin. Bybit made the announcement shortly after El Salvador’s President, Nayib Bukele, on Wednesday said he wanted to explore using renewable energy from the country’s volcanoes to mine Bitcoin. El Salvador’s President sent shockwaves through […]