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Bitcoin continues to make impressive gains as we enter the second quarter of 2023, surging more than 80% from the beginning of the year until now. This increase in value has sparked new optimism about cryptocurrency, resulting in a doubling of the number of Bitcoin millionaires. As of April 16th, over 50,000 new Bitcoin millionaires have emerged, with a total of 80,659 millionaire addresses recorded.
According to data provided by BitInfoCharts.com, 74,550 different addresses currently hold a balance of Bitcoin worth more than $1 million. Additionally, 5,708 addresses hold BTC worth more than $10 million.
Using the Wayback Machine web archive, on January 5th, 2023, there were about 24,279 addresses owning Bitcoin equivalent to at least $1 million, while 3,805 addresses owned BTC worth more than $10 million.
The recent surge in Bitcoin’s price, which has reached an all-time high of $31,000, is likely the reason for the appearance of many new Bitcoin millionaires. Despite the banking crisis that occurred in March and negative news surrounding Binance, people are still turning to Bitcoin as their top investment choice.
As investors look for ways to diversify their portfolio, Bitcoin continues to be a top option for many, offering a sense of stability and potential for significant returns. This increase in the number of Bitcoin millionaires highlights the growing interest and confidence in cryptocurrency as a viable investment option.
Source: https://azcoinnews.com/the-number-of-bitcoin-millionaires-doubles-in-2023.html
Investing in Crypto: GPT-4's Top Choice for $300 Investment
In the era of technology and innovation, it seems like we are not too far away from the future where AI-chatbots can give financial advice to individuals. A recent news report from Thailand has revealed that a man has created a financial plan with ChatGPT-4, an AI-chatbot, to find out how he can best use 10,000 Baht ($300). The results were quite surprising, and the man couldn’t resist sharing the AI’s answers in the ChatGPT | Thailand Community group on Facebook.
According to the report, GPT-4, the AI-chatbot, gave four unexpected responses to the man’s question. The first answer suggested that the man could invest his money in a poker game or any other gambling activity. However, the AI-bot also warned the man to be careful not to lose all his money, as this is a high-risk plan and is against the law.
The second answer recommended that the man could look for opportunities to perform on the streets, using his special talents to earn money in crowded areas. This is another unconventional way to grow one’s money, but it may not be an ideal investment plan for most people.
The third response advised the man to open a social media account and try to find followers. By building a large following, he could sell products or earn money from sponsors of his posts. While this may seem like a more legitimate plan, it may not be suitable for everyone.
Finally, the fourth response suggested that the man could find crypto enthusiasts and invest in little-known crypto that has great growth potential. This may be the most promising plan from the point of view of GPT-4, as digital assets are easily accessible and can make real profits. However, crypto is considered a high-risk asset, so investors should study the basics of coins carefully and follow the news regularly.
While some of these plans may seem impossible to apply in real life, the man’s experience highlights the growing potential for AI-chatbots to offer financial advice to individuals. However, it is important to remember that AI-chatbots are still in their early stages, and their recommendations should always be taken with a grain of salt. At the end of the day, it is up to individuals to do their own research and make informed decisions about their investments.
Source: https://azcoinnews.com/thai-man-consults-chatgpt-4-for-investment-advice-receives-ai-suggestion-to-invest-in-crypto-with-10000-baht.html
According to the report, GPT-4, the AI-chatbot, gave four unexpected responses to the man’s question. The first answer suggested that the man could invest his money in a poker game or any other gambling activity. However, the AI-bot also warned the man to be careful not to lose all his money, as this is a high-risk plan and is against the law.
The second answer recommended that the man could look for opportunities to perform on the streets, using his special talents to earn money in crowded areas. This is another unconventional way to grow one’s money, but it may not be an ideal investment plan for most people.
The third response advised the man to open a social media account and try to find followers. By building a large following, he could sell products or earn money from sponsors of his posts. While this may seem like a more legitimate plan, it may not be suitable for everyone.
Finally, the fourth response suggested that the man could find crypto enthusiasts and invest in little-known crypto that has great growth potential. This may be the most promising plan from the point of view of GPT-4, as digital assets are easily accessible and can make real profits. However, crypto is considered a high-risk asset, so investors should study the basics of coins carefully and follow the news regularly.
While some of these plans may seem impossible to apply in real life, the man’s experience highlights the growing potential for AI-chatbots to offer financial advice to individuals. However, it is important to remember that AI-chatbots are still in their early stages, and their recommendations should always be taken with a grain of salt. At the end of the day, it is up to individuals to do their own research and make informed decisions about their investments.
Source: https://azcoinnews.com/thai-man-consults-chatgpt-4-for-investment-advice-receives-ai-suggestion-to-invest-in-crypto-with-10000-baht.html
BitMEX Founder Arthur Hayes Predicts Bitcoin To Reach $1 Million Within 2-3 Year
Arthur Hayes, the former CEO of BitMEX, recently spoke to David Hoffman on the Bankless Podcast and shared his thoughts on Bitcoin’s future.
He explained that the liquidity for the Bitcoin Treasury Float Plan (BFTP) remains locked until rates drop, at which point Bitcoin will rise significantly. However, he dismissed the idea that Bitcoin will hit $1 million in 90 days.
Hayes clarified that he believes Bitcoin can reach $1 million during this cycle, which he expects to be within the next two to three years. He discussed how BTC could achieve this milestone and began by distinguishing between inside money and outside money.
Inside money, according to Hayes, is a liability on someone else’s balance sheet, such as dollars, yen, euro, yuan, stocks, and bonds. Crucially, what distinguishes it is that “you can’t utilize these things without interfacing with the fiat financial system and the people that are deputized to act in it,” he said.
On the other hand, outside money is not a liability on someone’s balance sheet, such as gold, real estate, and Bitcoin. Outside money is advantageous over inside money because the banking system does not affect it.
Hayes explained that outside money is desirable when the Federal Reserve is propping up the entire banking system, adding that banks holding BFTP-qualifying assets cannot go bust. Under this setup, the money supply expands infinitely at some point, resulting in price appreciation for outside money assets such as Bitcoin.
While Hayes dismissed the idea of Bitcoin hitting $1 million in 90 days, he believes that Bitcoin can achieve this milestone in the next two to three years. This prediction is consistent with the view of many cryptocurrency experts who believe that Bitcoin’s price will continue to rise in the long term.
Hayes’ views on Bitcoin’s future are essential, given his background in the cryptocurrency industry. As the former CEO of BitMEX, a leading cryptocurrency derivatives exchange, Hayes has extensive knowledge of the cryptocurrency market and its workings.
In conclusion, Arthur Hayes believes that Bitcoin can reach $1 million during this cycle, but not in 90 days. He explained that Bitcoin’s outside money status is advantageous over inside money and will result in price appreciation in the long term. While his prediction is just one among many, it is essential to consider his insights as a former CEO of a major cryptocurrency exchange.
Source: https://azcoinnews.com/bitmex-founder-arthur-hayes-predicts-bitcoin-to-reach-1-million-within-2-3-years-dismisses-90-day-timeline.html
He explained that the liquidity for the Bitcoin Treasury Float Plan (BFTP) remains locked until rates drop, at which point Bitcoin will rise significantly. However, he dismissed the idea that Bitcoin will hit $1 million in 90 days.
Hayes clarified that he believes Bitcoin can reach $1 million during this cycle, which he expects to be within the next two to three years. He discussed how BTC could achieve this milestone and began by distinguishing between inside money and outside money.
Inside money, according to Hayes, is a liability on someone else’s balance sheet, such as dollars, yen, euro, yuan, stocks, and bonds. Crucially, what distinguishes it is that “you can’t utilize these things without interfacing with the fiat financial system and the people that are deputized to act in it,” he said.
On the other hand, outside money is not a liability on someone’s balance sheet, such as gold, real estate, and Bitcoin. Outside money is advantageous over inside money because the banking system does not affect it.
Hayes explained that outside money is desirable when the Federal Reserve is propping up the entire banking system, adding that banks holding BFTP-qualifying assets cannot go bust. Under this setup, the money supply expands infinitely at some point, resulting in price appreciation for outside money assets such as Bitcoin.
While Hayes dismissed the idea of Bitcoin hitting $1 million in 90 days, he believes that Bitcoin can achieve this milestone in the next two to three years. This prediction is consistent with the view of many cryptocurrency experts who believe that Bitcoin’s price will continue to rise in the long term.
Hayes’ views on Bitcoin’s future are essential, given his background in the cryptocurrency industry. As the former CEO of BitMEX, a leading cryptocurrency derivatives exchange, Hayes has extensive knowledge of the cryptocurrency market and its workings.
In conclusion, Arthur Hayes believes that Bitcoin can reach $1 million during this cycle, but not in 90 days. He explained that Bitcoin’s outside money status is advantageous over inside money and will result in price appreciation in the long term. While his prediction is just one among many, it is essential to consider his insights as a former CEO of a major cryptocurrency exchange.
Source: https://azcoinnews.com/bitmex-founder-arthur-hayes-predicts-bitcoin-to-reach-1-million-within-2-3-years-dismisses-90-day-timeline.html
ChatGPT Outlines Potential Scenarios That Could Lead BTC To Hit $1M In 90 days
⭐ Merited by OgNasty (1)
Former Coinbase CTO Balaji Srinivasan has recently made a bold bet on Bitcoins price, predicting that the cryptocurrency will reach $1 million within the next 90 days. As Bitcoin continues to attract attention from investors and the mainstream media, many are wondering if such a scenario is even possible.
To shed some light on the issue, we spoke with ChatGPT, an AI language model trained by OpenAI, to explore some of the potential scenarios that could cause Bitcoins price to surge to such a high level in such a short period of time.
According to ChatGPT, one of the most significant factors that could drive up the price of Bitcoin is massive institutional investment. If large financial institutions, such as pension funds or hedge funds, start investing significant amounts of money into Bitcoin, it could create a surge in demand and drive up the price. This type of investment would not only bring new capital into the market, but it would also bring credibility and legitimacy to Bitcoin, which could attract even more investors.
Another potential scenario is if Bitcoin becomes a global reserve currency, similar to the US dollar. As countries around the world start to hold Bitcoin in their reserves, it could cause the price to skyrocket. This scenario would require a significant shift in the global economic order, but it is not entirely impossible.
Economic uncertainty is another factor that could lead to a price increase. If there is a global economic crisis or inflationary pressure, investors may turn to Bitcoin as a safe haven asset. As demand for Bitcoin increases, so too will the price.
Additionally, if more businesses and individuals start using Bitcoin for everyday transactions, it could lead to a surge in demand and a rise in price. As more people start using Bitcoin as a store of value and a means of payment, it could also become more widely accepted, which would create a positive feedback loop that drives up the price even further.
Lastly, the halving event, which happens every four years, could also contribute to a surge in Bitcoins price. During this event, the reward for mining Bitcoin is cut in half, reducing the supply of new Bitcoin entering the market. This event has historically led to price increases in Bitcoin. If the halving coincides with other bullish factors, it could create a perfect storm that drives the price to new heights.
It is important to note, however, that predicting the future price of Bitcoin is extremely difficult and highly speculative. Investing in Bitcoin carries significant risks, and it is crucial to conduct thorough research and seek professional advice before making any investment decisions.
In conclusion, Balaji Srinivasans bet on Bitcoin reaching $1 million within the next 90 days may seem unlikely, but there are potential scenarios that could cause such a surge in price. As always, caution and prudence should be exercised when investing in cryptocurrencies.
Source: https://azcoinnews.com/chatgpt-outlines-potential-scenarios-that-could-lead-bitcoin-to-hit-1m-in-just-90-days.html
To shed some light on the issue, we spoke with ChatGPT, an AI language model trained by OpenAI, to explore some of the potential scenarios that could cause Bitcoins price to surge to such a high level in such a short period of time.
According to ChatGPT, one of the most significant factors that could drive up the price of Bitcoin is massive institutional investment. If large financial institutions, such as pension funds or hedge funds, start investing significant amounts of money into Bitcoin, it could create a surge in demand and drive up the price. This type of investment would not only bring new capital into the market, but it would also bring credibility and legitimacy to Bitcoin, which could attract even more investors.
Another potential scenario is if Bitcoin becomes a global reserve currency, similar to the US dollar. As countries around the world start to hold Bitcoin in their reserves, it could cause the price to skyrocket. This scenario would require a significant shift in the global economic order, but it is not entirely impossible.
Economic uncertainty is another factor that could lead to a price increase. If there is a global economic crisis or inflationary pressure, investors may turn to Bitcoin as a safe haven asset. As demand for Bitcoin increases, so too will the price.
Additionally, if more businesses and individuals start using Bitcoin for everyday transactions, it could lead to a surge in demand and a rise in price. As more people start using Bitcoin as a store of value and a means of payment, it could also become more widely accepted, which would create a positive feedback loop that drives up the price even further.
Lastly, the halving event, which happens every four years, could also contribute to a surge in Bitcoins price. During this event, the reward for mining Bitcoin is cut in half, reducing the supply of new Bitcoin entering the market. This event has historically led to price increases in Bitcoin. If the halving coincides with other bullish factors, it could create a perfect storm that drives the price to new heights.
It is important to note, however, that predicting the future price of Bitcoin is extremely difficult and highly speculative. Investing in Bitcoin carries significant risks, and it is crucial to conduct thorough research and seek professional advice before making any investment decisions.
In conclusion, Balaji Srinivasans bet on Bitcoin reaching $1 million within the next 90 days may seem unlikely, but there are potential scenarios that could cause such a surge in price. As always, caution and prudence should be exercised when investing in cryptocurrencies.
Source: https://azcoinnews.com/chatgpt-outlines-potential-scenarios-that-could-lead-bitcoin-to-hit-1m-in-just-90-days.html
EU Lawmaker Johan Van Overtveldt Compares Crypto To Drugs, Calls For Ban
Former Belgian Finance Minister and Member of the European Parliament (EP), Johan Van Overtveldt, has called for a ban on cryptocurrencies to ease the current banking crisis. In a tweet on his personal account, Van Overtveldt stated that the crypto asset industry does not bring any economic or social value. CoinDesk reported that his comments were made as the EP prepares to vote on regulations regarding crypto activities.
Another lesson to be learned from the current banking commotion. Enforce a strict ban on cryptocurrencies. Speculative poison and no economic or social added value. If a government bans drugs, it should also ban cryptos, wrote Van Overtveldt.
He believes that banks are in crisis due to the impact of cryptocurrencies. Furthermore, the EU parliamentarian assumes that all cryptocurrencies are pure speculative assets and have no economic or social value. Van Overtveldt even compared cryptocurrencies to drugs.
Read more: https://azcoinnews.com/eu-lawmaker-johan-van-overtveldt-compares-crypto-to-drugs-calls-for-ban.html
Another lesson to be learned from the current banking commotion. Enforce a strict ban on cryptocurrencies. Speculative poison and no economic or social added value. If a government bans drugs, it should also ban cryptos, wrote Van Overtveldt.
He believes that banks are in crisis due to the impact of cryptocurrencies. Furthermore, the EU parliamentarian assumes that all cryptocurrencies are pure speculative assets and have no economic or social value. Van Overtveldt even compared cryptocurrencies to drugs.
Read more: https://azcoinnews.com/eu-lawmaker-johan-van-overtveldt-compares-crypto-to-drugs-calls-for-ban.html
New York Regulators Crack Down On Crypto: Binances BUSD Token Creation Halted
The cryptocurrency world is once again facing regulatory pressure, as the New York Department of Financial Services (NYDFS) has ordered Paxos Trust Co. to stop creating more of its Binances dollar-pegged cryptocurrency, BUSD.
Paxos Trust Co. is a leading player in the cryptocurrency market and is responsible for issuing and listing Binances BUSD token. However, the NYDFS has now directed the company to stop creating any further tokens of this cryptocurrency. Despite this, Paxos will still be able to manage redemptions of the product, according to a statement from Binance.
Source: https://azcoinnews.com/new-york-regulators-crack-down-on-crypto-binances-busd-token-creation-halted.html
Paxos Trust Co. is a leading player in the cryptocurrency market and is responsible for issuing and listing Binances BUSD token. However, the NYDFS has now directed the company to stop creating any further tokens of this cryptocurrency. Despite this, Paxos will still be able to manage redemptions of the product, according to a statement from Binance.
Source: https://azcoinnews.com/new-york-regulators-crack-down-on-crypto-binances-busd-token-creation-halted.html
Lack Of Support From Whales And Institutional Investors: A Potential Threat To B
In recent months, Bitcoins price has seen a surge, increasing by 45% in just one month. This spike in value has many investors and traders paying close attention, but it appears that the support from key market players is not there. According to CryptoQuant, a leading cryptocurrency data provider, institutional investors and whales have not increased their assets or shown significant purchases, indicating a lack of support for the current price increase.
Institutional investors play a crucial role in the cryptocurrency market, and their actions can greatly influence the value of Bitcoin and other digital assets. However, CryptoQuants investigation of assets held by banks, exchanges, and miners, as well as the outflow of whales from exchanges, suggests that these key players are not backing the current price increase. This could present a roadblock for Bitcoin as it faces numerous resistances and needs support from these influential market participants to break through and continue its growth.
Source: https://azcoinnews.com/lack-of-support-from-whales-and-institutional-investors-a-potential-threat-to-bitcoins-price-increase.html
Institutional investors play a crucial role in the cryptocurrency market, and their actions can greatly influence the value of Bitcoin and other digital assets. However, CryptoQuants investigation of assets held by banks, exchanges, and miners, as well as the outflow of whales from exchanges, suggests that these key players are not backing the current price increase. This could present a roadblock for Bitcoin as it faces numerous resistances and needs support from these influential market participants to break through and continue its growth.
Source: https://azcoinnews.com/lack-of-support-from-whales-and-institutional-investors-a-potential-threat-to-bitcoins-price-increase.html
Unique Pattern Emerges In The Bitcoin Chart: What It Means For Investors
According to CryptoQuant, the Bitcoin chart has revealed a unique pattern that has caught the attention of many investors and traders. A pattern previously seen in market bottoms may be noticed by adding the 200-day moving average (MA-200) line and realized price to the long-term chart.
The formation of a long-term bottom is typically predicted by the overlap or crossing of the 200-day moving average from the top to the realized price. This pattern has been observed in previous years, specifically in 2019, 2015, and 2012. Following these patterns, Bitcoin underwent a long-term rising trend.
Source: https://azcoinnews.com/unique-pattern-emerges-in-the-bitcoin-chart-what-it-means-for-investors.html
The formation of a long-term bottom is typically predicted by the overlap or crossing of the 200-day moving average from the top to the realized price. This pattern has been observed in previous years, specifically in 2019, 2015, and 2012. Following these patterns, Bitcoin underwent a long-term rising trend.
Source: https://azcoinnews.com/unique-pattern-emerges-in-the-bitcoin-chart-what-it-means-for-investors.html
BNB Beacon Chain Vulnerability Discovered Within 24 Hours By Jump Crypto
Jump Crypto, a security-focused company, recently discovered a vulnerability in the Binance Smart Chain (BSC) Beacon Chain. The vulnerability would have allowed an attacker to mint an infinite number of arbitrary tokens on the Binance chain. The Binance team developed and deployed a patch in less than 24 hours after the vulnerability was privately disclosed to them by Jump Crypto.
Source: https://azcoinnews.com/bnb-beacon-chain-vulnerability-discovered-and-patched-within-24-hours-by-jump-crypto.html
Source: https://azcoinnews.com/bnb-beacon-chain-vulnerability-discovered-and-patched-within-24-hours-by-jump-crypto.html
SOPR Indicator Points Towards Possible Retest In The Bitcoin Market
The SOPR (Spent Output Profit Ratio) Indicator is a deep insight into the markets macro psychology, potential for profits and losses being made within a specific time frame. By using the SOPR, traders can determine whether the market is making a profit or incurring a loss on average.
If the SOPR value is greater than 1 (SOPR > 1), it implies that coins are moving within a certain period, and on average, being sold at a profit. If the SOPR value is exactly 1 (SOPR = 1), it implies that the average coin movement within a certain period is being sold at break-even. And if the SOPR value is less than 1 (SOPR < 1), it implies that the average coin movement within a certain period is being sold at a loss.
In the recent price push, the SOPR exceeded 1, indicating that bitcoins are moving (on average) with a profit. For the price trend to increase, the SOPR must maintain above 1.
Source: https://azcoinnews.com/sopr-indicator-points-towards-possible-retest-in-the-bitcoin-market.html
If the SOPR value is greater than 1 (SOPR > 1), it implies that coins are moving within a certain period, and on average, being sold at a profit. If the SOPR value is exactly 1 (SOPR = 1), it implies that the average coin movement within a certain period is being sold at break-even. And if the SOPR value is less than 1 (SOPR < 1), it implies that the average coin movement within a certain period is being sold at a loss.
In the recent price push, the SOPR exceeded 1, indicating that bitcoins are moving (on average) with a profit. For the price trend to increase, the SOPR must maintain above 1.
Source: https://azcoinnews.com/sopr-indicator-points-towards-possible-retest-in-the-bitcoin-market.html
Bill Gates, the visionary founder of Microsoft, recently shared his thoughts on the game-changing impact of OpenAI's ChatGPT in an interview with German media house Handelsblatt. He stated that this revolutionary chatbot is just as significant as the invention of the internet and has the potential to transform our world. With its ability to assist in writing essays, answering questions and even clearing competitive exams, ChatGPT is set to make office jobs more efficient and our lives easier. Gates, who once warned of massive unemployment due to software automation, now looks towards the future of AI with confidence, stating that AI will result in us having to work less and transform our world. The recent extension of Microsoft and OpenAI's partnership, with a multi-year, multi-billion dollar investment, highlights the tech giant's commitment to advancing AI technology. The future of AI is bright, and Bill Gates' comments on the impact of ChatGPT are a testament to this exciting time in technological advancement.
Source: https://azcoinnews.com/bill-gates-on-chatgpt-ais-power-to-change-the-world.html
Source: https://azcoinnews.com/bill-gates-on-chatgpt-ais-power-to-change-the-world.html
Re: Over 100,000 Bitcoin (BTC) Moving To Self-Custody Storages: A Positive Trend For
Dear OP, I would advise you to use a quote tag for properly quoting or citing a post, if not your post might be said to be plagiarized. Though I can see the source but please take note of this.
You can learn how to make quoted posts here: https://bitcointalk.org/index.php?topic=5227254.0
You can learn how to make quoted posts here: https://bitcointalk.org/index.php?topic=5227254.0
The one who should learn about plagiarism is you, not him. He was already write the original source below his post.
There's no specific rule you must use quote tag in order to prevent from plagiarism.
Thank you, Sir
Ethereum Takes A Giant Leap Forward With Shapella Upgrade
The Ethereum Foundation is moving forward with exciting plans for the future of the network, with the upcoming Shanghai+Capella (Shapella) mainnet upgrade and the Academic Grants Round.
According to Danny Ryans latest blog post on February 10, 2023, the Shapella upgrade is entering its final stages, with the Zhejiang testnet now live and the first of the long-standing public testnets, Sepolia, scheduled to go through the upgrade on February 28th. This upgrade will bring a range of important changes to the network, including full withdrawals for exited validators and partial withdrawals for active validator balances in excess of 32 ETH.
Source: https://azcoinnews.com/ethereum-takes-a-giant-leap-forward-with-shapella-upgrade-and-academic-grants-round.html
According to Danny Ryans latest blog post on February 10, 2023, the Shapella upgrade is entering its final stages, with the Zhejiang testnet now live and the first of the long-standing public testnets, Sepolia, scheduled to go through the upgrade on February 28th. This upgrade will bring a range of important changes to the network, including full withdrawals for exited validators and partial withdrawals for active validator balances in excess of 32 ETH.
Source: https://azcoinnews.com/ethereum-takes-a-giant-leap-forward-with-shapella-upgrade-and-academic-grants-round.html
Việt Nam và Philippines nghiên cứu việc phát hành tiền kỹ thuật số của ngân hàng trung ương (CBDC) tiềm năng khi các ứng dụng thanh toán của Trung Quốc xâm nhập Đông Nam Á. https://tapchibitcoin.io/viet-nam-va-philippines-nghien-cuu-viec-phat-hanh-cbdc-tiem-nang-khi-cac-app-trung-quoc-do-bo-vao-dong-nam-a.html
Ripple CEO Brad Garlinghouse Sees Positive Future For Crypto Despite US Regulato
In the midst of the ongoing legal battle between the US Securities and Exchange Commission (SEC) and the blockchain payment company Ripple, CEO Brad Garlinghouse has a message of hope for the cryptocurrency industry. Despite the recent crackdown on crypto staking services by the SEC, Garlinghouse believes that there is a lot of positive news in terms of crypto adoption worldwide.
In the midst of the ongoing legal battle between the US Securities and Exchange Commission (SEC) and the blockchain payment company Ripple, CEO Brad Garlinghouse has a message of hope for the cryptocurrency industry. Despite the recent crackdown on crypto staking services by the SEC, Garlinghouse believes that there is a lot of positive news in terms of crypto adoption worldwide.
Source: https://azcoinnews.com/ripple-ceo-brad-garlinghouse-sees-positive-future-for-crypto-despite-us-regulatory-challenges.html
In the midst of the ongoing legal battle between the US Securities and Exchange Commission (SEC) and the blockchain payment company Ripple, CEO Brad Garlinghouse has a message of hope for the cryptocurrency industry. Despite the recent crackdown on crypto staking services by the SEC, Garlinghouse believes that there is a lot of positive news in terms of crypto adoption worldwide.
Source: https://azcoinnews.com/ripple-ceo-brad-garlinghouse-sees-positive-future-for-crypto-despite-us-regulatory-challenges.html
Over 100,000 Bitcoin (BTC) Moving To Self-Custody Storages: A Positive Trend For
Breaking news for all Bitcoin enthusiasts! It appears that more and more individuals are taking charge of their crypto assets as they move them to self-custody storages. The latest data from Glassnode shows that over 100,000 Bitcoin (BTC) have been transferred to self-custody storages since the start of the year. This trend reflects a growing trend of individuals wanting to take control of their digital assets and keep them safe.
Source: https://azcoinnews.com/over-100000-bitcoin-btc-moving-to-self-custody-storages-a-positive-trend-for-the-crypto-industry.html
Source: https://azcoinnews.com/over-100000-bitcoin-btc-moving-to-self-custody-storages-a-positive-trend-for-the-crypto-industry.html
The Central Bank Of Indonesia Bans Cryptocurrencies As Payment Tool
According to the laws “Cryptocurrency is not legitimate payment instruments under the Constitution, Bank Indonesia Law, and Currency Law.” Governor Perry Warjiyo said in the virtual seminar on Tuesday, June 15, 2021, that the central bank of Indonesia has banned financial institutions from accommodating cryptocurrency as a means of payment or other financial services tools.
Bank Indonesia governor also explained that to ensure financial institutions conform to this policy, the central bank will mobilize field supervisors.
This is not the first time, on 7 December 2017, Bank Indonesia issued a regulation banning the use of cryptocurrencies including bitcoin as payment tools starting 1 January 2018.
Source: https://azcoinnews.com/the-central-bank-of-indonesia-bans-cryptocurrencies-as-payment-tool.html
Bank Indonesia governor also explained that to ensure financial institutions conform to this policy, the central bank will mobilize field supervisors.
This is not the first time, on 7 December 2017, Bank Indonesia issued a regulation banning the use of cryptocurrencies including bitcoin as payment tools starting 1 January 2018.
Source: https://azcoinnews.com/the-central-bank-of-indonesia-bans-cryptocurrencies-as-payment-tool.html
Elon Musk: Tesla Will Start Accepting Bitcoin For Payments Again
Elon Musk has announced that when there is “confirmation of reasonable (~50%) clean energy usage by miners with positive future trend,” Tesla will start accepting bitcoin for payments again.
“This is inaccurate. Tesla only sold ~10% of holdings to confirm BTC could be liquidated easily without moving market. When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions.” he responded to a Cointelegraph tweet about recent accusations from Sygnia CEO Magda Wierzycka, who called on the SEC to investigate him for allegedly manipulating Bitcoin’s price.
Source: https://azcoinnews.com/elon-musk-tesla-will-start-accepting-bitcoin-for-payments-again.html
“This is inaccurate. Tesla only sold ~10% of holdings to confirm BTC could be liquidated easily without moving market. When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions.” he responded to a Cointelegraph tweet about recent accusations from Sygnia CEO Magda Wierzycka, who called on the SEC to investigate him for allegedly manipulating Bitcoin’s price.
Source: https://azcoinnews.com/elon-musk-tesla-will-start-accepting-bitcoin-for-payments-again.html
President Of Tanzania Calls On The Central Bank A To Prepare For The Use Of Cryp
Fresh on the back of El Salvador announcing its adoption of Bitcoin as legal tender, coupled with a slew of south and central American nations signaling their readiness to get on board, President of Tanzania Samia Suluhu Hassan told the East African nation’s financial chiefs to prepare for cryptocurrency.
She called on the Central Bank of Tanzania (BoT) to prepare for the use of cryptocurrencies and blockchain, as it may come at a time when changes taking place elsewhere have entered Tanzania. The President issued the directive earlier today while inaugurating the Central Bank of Tanzania building in Mwanza Region, stating that technological change and the growth of globalization are making many changes, including in the financial sector.
Video: https://twitter.com/azcoinnews/status/1404265451190849537
The 61-year-old said: “We have witnessed the emergence of a new journey through the internet. I know that in the country, including Tanzania, they have not accepted or started using these trips. However, my call to the Central Bank is that you should start working on that development. The Central Bank should be ready for the changes and not be caught unprepared.”
In 2018, BoT has warned the public to act with extreme caution when trading in cryptocurrencies.
“BoT considers the recent surge in the prices of cryptocurrencies to be driven by speculation. The risk of a sharp reduction in prices is high. Investors in cryptocurrencies should be aware that they run the risk of losing all their capital,” the Central Bank of Tanzania said.
Source: https://azcoinnews.com/president-of-tanzania-calls-on-the-central-bank-a-to-prepare-for-the-use-of-cryptocurrencies-and-blockchain.html
She called on the Central Bank of Tanzania (BoT) to prepare for the use of cryptocurrencies and blockchain, as it may come at a time when changes taking place elsewhere have entered Tanzania. The President issued the directive earlier today while inaugurating the Central Bank of Tanzania building in Mwanza Region, stating that technological change and the growth of globalization are making many changes, including in the financial sector.
Video: https://twitter.com/azcoinnews/status/1404265451190849537
The 61-year-old said: “We have witnessed the emergence of a new journey through the internet. I know that in the country, including Tanzania, they have not accepted or started using these trips. However, my call to the Central Bank is that you should start working on that development. The Central Bank should be ready for the changes and not be caught unprepared.”
In 2018, BoT has warned the public to act with extreme caution when trading in cryptocurrencies.
“BoT considers the recent surge in the prices of cryptocurrencies to be driven by speculation. The risk of a sharp reduction in prices is high. Investors in cryptocurrencies should be aware that they run the risk of losing all their capital,” the Central Bank of Tanzania said.
Source: https://azcoinnews.com/president-of-tanzania-calls-on-the-central-bank-a-to-prepare-for-the-use-of-cryptocurrencies-and-blockchain.html
Ruffer Turned Bitcoin Investment Into a $1.1B Profit in 5 Months
One of the companies with the largest Bitcoin portfolio, Ruffer, pulled out his last investment in April before the entire cryptocurrency market crashed.
Source: https://azcoinnews.com/ruffer-the-u-k-asset-management-firm-claims-that-they-dumped-theirs-bitcoin-holdings-in-april.html
Source: https://azcoinnews.com/ruffer-the-u-k-asset-management-firm-claims-that-they-dumped-theirs-bitcoin-holdings-in-april.html