Category Archives: Cryptocurrency News

MicroStrategy increased its bitcoin reserves by $786 million

US software company MicroStrategy, one of the largest publicly known Bitcoin holders in the world, has notified the US Securities and Exchange Commission that it has acquired an additional 11,931 BTC. MicroStrategy filed  a Form 8 report with the SEC on its $786 million acquisition of Bitcoin assets on Thursday, June 20. In total, from April 27 to June 19, the company purchased BTC at an average price of $65,883 per coin. MicroStrategy founder Michael…

The US Congress is going to abolish the rule of 100% reserve of crypto assets on the balance sheet of banks

The US Senate has overwhelmingly passed a bill repealing the Securities and Exchange Commission’s SAB 121, which would have prevented US banks from acting as custodians of their clients’ digital assets. In 2022, the Securities and Exchange Commission (SEC) amended SAB 121 to require financial institutions that provide custody services for cryptocurrencies to maintain a 100% loss reserve. The SEC has required banks to account for this type of asset as a liability to customers.…

CedarFX – Trade with the First Eco-Conscious Broker

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

Dan Tapiero: “Bitcoin will soar to $90,000 – but under two conditions”

The CEO of 10T Holdings shared with his subscribers his observations about what factors could push Bitcoin to $90,000 per coin and above. Dan Tapiero suggested that the main reason could be overcoming the “critical mark” of $65,000. Immediately after this, Bitcoin, the businessman and investor believes, could quickly grow by at least 45%. Currently, the first cryptocurrency is going through a short period of downward consolidation after a long bullish trend. According to the…

Bernstein: Miners are satisfied with the Bitcoin price plateau

Bernstein experts announced that the so-called Bitcoin price plateau that occurred after halving suits miners. Large companies will be able to increase their market share by expanding infrastructure and introducing new capacities. Bernstein experts Gautam Chhugani and Mahika Sapra believe that we should not expect a significant drop in Bitcoin in the short term. The first cryptocurrency will remain in a limited range as funds invested in Bitcoin ETFs are redistributed to asset management platforms…

Charles Edwards: “Bitcoin is at the stage of being “bored to death””

The founder of the international fund Capriole Investment is confident that the first cryptocurrency is in the so-called “bored to death” stage. In his opinion, the current period of asset consolidation will last up to six months. Charles Edwards believes that Bitcoin prices will remain in a range with minor volatility until traders lose patience. The manager of Capriole Investment assumes that market sentiment will be as negative as possible before the end of the…

Robert Kiyosaki: “BRICS cryptocurrency will collapse the US dollar”

Bestselling author of Rich Dad Poor Dad, Robert Kiyosaki, warned of a possible collapse in the US dollar if the BRICS economic bloc launches a gold-backed cryptocurrency. According to the forecast of American entrepreneur Robert Kiyosaki, if the BRICS countries launch an interstate stablecoin pegged to gold, then trillions of “counterfeit paper US dollars will flow back into America,” causing hyperinflation in the country. Ultimately, the US dollar will be destroyed, the billionaire said. Therefore,…

Puck News: Sam Bankman-Fried switched to new currency transactions in prison

The former head of the bankrupt crypto exchange FTX, in his first interview after the verdict was announced, said that he began trading raw materials, or rather, bags of rice. According to him, at the Brooklyn Detention Center, rice is the main currency, the main means of payment. Sam Bankman-Fried assured that he does not consider himself guilty of the collapse of FTX and plans to appeal. According to the businessman, he was set up…

CedarFX – Trade with the First Eco-Conscious Broker

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

Edan Yago: “Bitcoin roll-ups will ensure transaction scaling by ten times”

The co-author of the Bitcoin pooling platform BitSNARK and Grail spoke about the possibility of integrating transaction folding technology – rollups – into the Bitcoin network. Edan Yago believes that Bitcoin roll-ups will ensure transactions are scaled tenfold, allowing the Bitcoin network to be kept secure at the proper level. According to the specialist, unlike other scaling proposals, the BitcoinOS rollup developed by the BitSNARK and Grail platform does not require significant network resources: “Bitcoin…