Goldman Sachs Doubts Bitcoin as Store of Value Citing Environmental Problems and 'Lack of Real Use' – Markets and Prices Bitcoin News

Global investment bank Goldman Sachs is questioning whether bitcoin can be a long-term store of value and digital gold. The firm’s analysts cited various issues with the cryptocurrency, such as environmental problems, “lack of real use,” and competition from other cryptocurrencies. Goldman Sachs Sees Problems With Bitcoin as Long-Term Store of Value Goldman Sachs published a note outlining some problems with bitcoin as digital gold on Wednesday. The firm’s analysts, led by its top commodities strategist Jeffrey Currie, have voiced concerns about whether the cryptocurrency could become a long-term store…

Why VISA Thinks Bitcoin Has Potential In 5 Key Areas

Payments giant Visa has been expanding its involvement with Bitcoin and cryptocurrencies. Per their Q2, 2021, Earnings Call, the company has a long roadmap and many plans to integrate these assets into its payment network. Al Kelly, Chairman, and CEO at Visa talked about the “opportunities” the company is and would like to explore with BTC and digital assets. Kelly said he views this cryptocurrency as a “digital gold” due to the fact that people “hold” on to it. In the crypto industry, Visa will focus on 5 areas. The…

Money Legos keep stacking! Finance Redefined 4/21-4/28

Happy Wednesday fellow DeFi degens!  I was expecting to spend a large portion of this edition of Finance Redefined analyzing Aave's liquidity mining program. There was some anxiety from investors that the emission of 2,200 $AAVE per day (which would translate to roughly 5% of the ecosystem reserve fund of 2.8 million AAVE per year) might end up dragging down the token's price as farmers earn and dump.   I would feel very uncomfortable holding an asset if the governance token of a very important protocol ends up in the hands…

Sub-$60K monthly close will make Bitcoin's $3.9B options expiry a non-event

Bitcoin's (BTC) 2021 performance has been impressive, but traders waiting for a record-breaking monthly candle are likely to be disappointed this week.  After peaking at $64,900 on April 14, a jaw-breaking 27% correction followed, causing BTC price to drop to the $46,000 level. This downside move obliterated more than $9 billion long BTC futures contracts in a swift action that was previously unthinkable to most investors. Even though the Bitcoin price recovered $5,800 over the past 48-hours, in the options markets, the bulls were not able to take the bears…

Smoothy Listing on AscendEX – Press release Bitcoin News

press release PRESS RELEASE. AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of the Smoothy Token (SMTY) under the pair USDT/SMTY on Mar 29 at 1:00 p.m. UTC. Smoothy is a novel single pool liquidity protocol specializing in same-backed assets with low-cost zero-slippage swapping and maximum interest earning capabilities. Smoothy’s unique design allows the swap ratio of the same backed asset to be fixed at 1:1. Smoothie is designed to make the gas fee 80% lower than existing…

FX Market Analysis TODAY + Bitcoin Range! All USD Forex Pairs Price Analysis November 23

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Discord (Krowns Crypto Cave) – Twitter – – The digital hub of all Cave related activities Krown Trading Jewel Channel – Twitch – FTX Referral (Discounted Trading Fees) – TradingView Discount – ***My fully comprehensive road map to becoming a COMPLETE Trading Boss! + VIP DIscord Access*** All my trading strategies revealed in a series of 39 Modules of Video and PowerPoint presentation format over 32 hours long + Bonus Material! Reviews inside! ***Master Your Options*** Years as a Professional Market Maker…

Bubba Gump Shrimp seafood restaurants will start accepting Bitcoin payments

Many chain restaurants operated by parent company Landry's will begin to accept Bitcoin as a form of payment for meals. In an interview with CNBC yesterday, Landry's chair and CEO Tilman Fertitta said “80% to 90%” of the company’s restaurant brands — including the Bubba Gump Shrimp Company, Morton’s The Steakhouse, and Mastro’s — would accept Bitcoin (BTC) and other cryptocurrencies in the next 90 days. Fertitta said the move was a step towards bringing crypto into the mainstream. “It’s amazing how simple [a crypto] transaction is, and it is…

Alleged Bitcoin Fog Operator Arrested for Money Laundering, Admin Accused of Mixing 1.2 Million BTC – Bitcoin News

U.S. law enforcement arrested the alleged operator of Bitcoin Fog, Roman Sterlingov in Los Angeles on Tuesday. Documents show Sterlingov is accused of laundering over 1.2 million bitcoin via the Bitcoin Fog mixer, a tool that allows users to mix transactions together. According to federal investigators, Sterlingov ran the operation for ten years and processed $336 million in BTC transactions. US Government Charges Alleged Bitcoin Fog Kingpin With Money Laundering The U.S. government has charged and arrested a Russian and Swedish citizen Roman Sterlingov with money laundering using a bitcoin…

How The VeChain Based E-HCert App Will Mitigate Covid-19

A solution based on VeChain will help people in Cyprus to combat Covid-19. The Digital Transformation Consultant at Mediterranean Hospital of Cyprus, Chris Pana, announced the launch of the new E-HCert App. Built as part of a partnership with i-Dante, a company specialized in pharmaceutical and healthcare solutions, the app will operate as an “electronic test” enabling a user to validate lab results that corroborate that he is Covid-19 free. The information collected by the app will be guaranteed by blockchain VeChainThor and be transmitted from and to the Mediterranean…