Bitcoin News

RBI chief: Cryptocurrencies will detonate ‘next financial crisis’ and should be banned

Shaktikanta Das, governor of the Reserve Bank of India, said that if private cryptocurrencies such as Bitcoin continue to grow, it may detonate the “next financial crisis”, so cryptocurrencies should be banned altogether. Shaktikanta Das reiterated that the RBI believes that private cryptocurrencies should be banned, but not digital currencies issued by the central bank. …

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CZ shouts to employees “ready for the challenge”! Internal Letter: The road ahead will be bumpy in the coming months

Just as the cryptocurrency leader Binance (Binance) encountered a “withdrawal wave” and users withdrew their funds one after another, there seemed to be an unknown turmoil under the undercurrent, and the rain was about to come. According to an internal memo cited by Bloomberg, Changpeng Zhao (CZ), CEO of cryptocurrency exchange Binance, warned employees that …

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FTX’s downfall spooks investors! Coinbase CEO expects revenue to plummet 50% this year

Brian Armstrong, chief executive of Coinbase Global, the leading U.S. cryptocurrency exchange, said that due to the continued decline in currency prices and the collapse of rival FTX, which has impacted investor confidence, Coinbase’s revenue this year may be cut in half or more. The collapse of FTX has made an already bloody year for …

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Shout out to 2018 now! Tim Draper: Bitcoin will hit $250,000 next year

For the cryptocurrency market, this year can be said to be a stormy year, but even after the baptism of the bear market and industrial turmoil, Tim Draper, a well-known venture capitalist in Silicon Valley in the United States, still firmly believes that by the middle of 2023, Bitcoin will reach $250,000. “Miracle Price”. Tim …

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The bear market is not over yet, buy the bottom and wait? Standard Chartered: Bitcoin may drop to $5,000 next year

Investors who firmly believe that “cryptocurrency is out of the bear market” may be disappointed next year, because according to Standard Chartered Bank, more troublesome situations may be yet to come, and the cryptocurrency market will still have room for a sharp decline. Eric Robertsen, global head of research at Standard Chartered Bank, wrote in …

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Cryptocurrency is too dangerous, never invest! Godfather of Emerging Markets: Bitcoin May Fall to $10,000

The founder of Mobius Capital Partners and the legendary American fund manager “Mark Mobius” known as the “Godfather of Emerging Markets” said that there is still room for the cryptocurrency market to continue to fall. He expects that Bitcoin may fall back to 1 Ten thousand U.S. dollars. In an interview in Singapore on Monday, …

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Fed raises interest rates by 3 yards again! Bitcoin closes below $20,000 mark

The U.S. Federal Reserve (Fed) raised interest rates again by 3 yards. Although it was in line with market expectations, Bitcoin rose to $20,705 at one point, but then took a dramatic turn, as Fed Chairman Jerome Powell released hawkish remarks, which hit the market against the Fed Hopes of raising interest rates will end, …

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How much did “National Stud Bitcoin” cost? El Salvador government says ‘confidential’

With the weakening of the cryptocurrency market, many people are worried that El Salvador, which has repeatedly purchased bitcoins by state power, has become more financially strapped. However, the anti-corruption agency recently revealed that El Salvador’s National Development Bank (BANDESAL) has consistently refused to provide details about the government’s purchase of bitcoin. El Salvador’s Anti-Corruption …

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Criticize gold as “inconvenient and difficult to use”! Buterin puts forward three reasons why “cryptocurrency is better”

Ethereum co-founder Vitalik Buterin has criticized gold as a decentralized alternative to money, saying it is “pretty inconvenient” and “difficult to use”, especially when transacting with untrusted parties when. Vitalik Buterin also pointed out that gold “does not support secure storage options like multi-signature,” while stating that “gold adoption rates are lower than cryptocurrencies, so …

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More than 120,000 bitcoins flowed out of exchanges in October! Investors open the “HODL” mode?

Data shows that Bitcoin’s reserves on exchanges have slipped to 12.2% of the total supply, and according to statistics, investors have withdrawn 123,500 Bitcoins from exchanges this month. According to Glassnode’s latest weekly report, the reduction in Bitcoin balances on exchanges is equivalent to 0.86% of the total supply. The relevant metric here is the …

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