Cryptocurrencies like bitcoin BTCUSD, +3.49% and ether ETHUSD, +5.49% have exploded in popularity in recent years, and are now traded by both individual investors and large companies like Tesla TSLA, -0.01% and Citibank. The total market cap for all crypto nearly hit $3 trillion during parts of 2021 and companies like Robinhood HOOD, -1.16%, Coinbase COIN, +3.31% … Baca Selengkapnya
Cryptocurrencies like bitcoin BTCUSD, +3.33% and ether ETHUSD, +4.30% have exploded in popularity in recent years, and are now traded by both individual investors and large companies like Tesla TSLA, -0.05% and Citibank. The total market cap for all crypto nearly hit $3 trillion during parts of 2021 and companies like Robinhood HOOD, -0.24%, Coinbase COIN, +3.04% … Baca Selengkapnya
Most countries lack “travel rule” laws that could help prevent the illicit use of cryptocurrency by criminals and terrorists, a global anti-money-laundering watchdog said on 30 June. The rules would require companies and service providers to share information about senders and recipients in cryptocurrency transactions. Only about 30% of jurisdictions surveyed by the Financial Action Task … Baca Selengkapnya
SAN SALVADOR, El Salvador — El Salvador’s Bitcoin-boosting president was back at it again Thursday, doubling down on his country’s losing investment in the cryptocurrency by buying over $1.5 million more. President Nayib Bukele wrote on his Twitter acount after posting the purchase: “Bitcoin is the future! Thank you for selling cheap.” Bukele said his … Baca Selengkapnya
The chief executive of California-based asset manager Research Affiliates has called cryptocurrencies a “Ponzi scheme”, claiming bitcoin and the blockchain technology underpinning the world’s largest digital asset help fuel illegal activity. “They are a Ponzi scheme that facilitates money laundering,” Chris Brightman told Financial News when asked about his views on cryptocurrencies. Brightman, who became … Baca Selengkapnya
The head of the New York State Department of Financial Services said she wants the regulator to continue to be a leader in cryptocurrencies, remaining upbeat on virtual assets despite the industry’s turmoil. The regulator has issued more cryptocurrency-related licenses so far in 2022 than it did in all of 2021, its superintendent, Adrienne Harris, said … Baca Selengkapnya
The plummeting price of bitcoin could force crypto miners to sell the tokens to fund operations, further pressuring the digital currency. In good times, crypto mining firms and bitcoin’s price are locked in a virtuous cycle. The miners own giant warehouses filled with specialised equipment that keep bitcoin transactions humming and are rewarded more bitcoin … Baca Selengkapnya
An internal storm is brewing at crypto lender Celsius over its potential plans to file for bankruptcy, with some involved in the talks instead pushing to tap its customer base for support. The strain at the beleaguered firm — which hired restructuring consultants from advisory firm Alvarez & Marsal to help with a possible bankruptcy filing, the … Baca Selengkapnya
Crypto broker Voyager Digital said that hedge fund Three Arrows Capital had defaulted, failing to make loan payments tied to large bets in the digital-currency realm. Three Arrows had borrowed $675m from Voyager Digital in the form of 15,250 bitcoin and $350m in USD Coin, a stablecoin whose value is pegged to the dollar. Voyager had previously said … Baca Selengkapnya
As cryptocurrencies reel under the global downturn, Chinese state-run newspaper Economic Daily has warned investors that the price of leading cryptocurrency Bitcoin is “heading to zero”. The warning came as the cryptocurrency market continued to face meltdown with Bitcoin hovering around $21,000 per digital coin on Saturday — a … Baca Selengkapnya