Elizabeth Warren compares ‘bogus’ crypto to ‘legitimate’ CBDCs in senate hearing

Democratic Senator Elizabeth Warren did not mince words when it came to criticizing crypto, but seemed to consider a federally-backed digital currency as a possible solution to address problems around financial inclusion in the United States. At a Wednesday session of the Senate Banking Committee discussing a U.S. government-backed central bank digital currency, or CBDC, Warren said the recent explosion in cryptocurrencies had helped many people understand the foundational technology on which digital currencies were based. However, she called crypto a “fourth rate alternative to real currency.” “Digital currency from…

How to Invest in Bitcoin for Beginners Tagalog – Saan Legit Mag Invest

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Video on how to Invest in Bitcoin for Beginners – tagalog. Kung saan ang legit websites na pwede kayong mag invest. Tumataas nanaman ang price ng bitcoin ngayun 2021 and madaming naging interesado. Kaya madaming gustong mag invest at kumita. Make sure na panuorin nyo tong video para hindi kayo maloko. Bitcoin simple converter: (Copy paste nyo sa new sheet) Register in Binance here ( Mas recommend): Coins ph: ( medyo hindi ko marecommend dahil sa mga biglang maintenance nila pag maganda…

Can Bears Force Saylor To Sell His Bitcoin? Analyst Shared Theory

In May, an alleged “insider” claimed that a group of Bitcoin Whales were trying to get a series of positions liquidated from a big player. Justin Sun, founder of blockchain TRON, and Michael Saylor, CEO of software company MicroStrategy, were the top 2 suspect targets. The rumor has extended as Saylor announced new BTC purchases and issued more debt for the company to expand its BTC holdings. As it was reported recently, the company will use $1.6 billion obtained via a debt instrument to buy more Bitcoin. With the cryptocurrency…

El Salvador’s president wants to build volcano-powered crypto miners

Nayib Bukele’s plans for crypto in El Salvador are still in motion, with the president now calling for a geothermal power company to make certain facilities available to Bitcoin miners.  In a Wednesday tweet from Bukele, the president said he would be instructing Mynor Gil, the president of the state-owned electrical company LaGeo, to facilitate Bitcoin (BTC) mining “with very cheap, 100% clean, 100% renewable, 0 emissions energy” from the country’s volcanoes. The firm operates the only two geothermal power plants in El Salvador based in the regions of Ahuachapán and…

Iran’s President Wants Crypto ‘Laws and Instructions’ Implemented as Soon as Possible – Mining Bitcoin News

Iranian president Hassan Rouhani discussed cryptocurrencies at the most recent meeting of the government’s Economic Coordination Board and told participants that regulatory policy is needed to protect consumers. Rouhani believes the Iranian government should “communicate the necessary laws and instructions” as soon as possible so dishonorable crypto businesses are avoided. Regulation Necessary to Keep ‘Unprofessional’ Entries Out of Crypto Sector, Iranian President Hassan Rouhani Says On Tuesday, Iranian president Hassan Rouhani made comments toward the cryptocurrency industry gaining ground in Iran and also warned retail investors about the possibility of…

The First DeFi & NFT Social Media Project, Torum Announces NFT Launchpad – Press release Bitcoin News

press release PRESS RELEASE. Torum prepares to launch an NFT launchpad from its unique DeFi & NFT-infused social media platform, following successive fundraising achievements. 9th June, 2021, Kuala Lumpur, Malaysia — Torum, the first DeFi, and NFT-infused crypto social media platform is now going to launch an NFT launchpad that is designed with cross-chain interoperability. The integration of the NFT feature will enable projects to raise funds from a community of over 56,000 cryptocurrency users and investors. Introducing Torum NFT Launchpad Torum NFT Launchpad is developed on Torum’s DeFi staking…

Casey Newton on Elon Musk's influence over the crypto market

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Casey Newton, CNBC contributor, joins ‘The News with Shepard Smith’ to discuss Elon Musk’s influence on the crypto market. For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news…

Commodity Strategist Mike McGlone Says $40K BTC Target ‘More Likely’ Than $20K – Markets and Prices Bitcoin News

Bloomberg Intelligence senior commodity strategist Mike McGlone believes bitcoin is “more likely” headed for $40K instead of $20K after discussing the possibility of capitulation in a recent tweet. McGlone’s opinion follows a number of predictions that say bitcoin could drop to the $20K zone if there’s more pullback in the cards. Bloomberg Commodity Strategist Suggests Bitcoin ‘More Likely’ to Hit $40K Than $20K Bitcoin markets have improved on Wednesday, after the announcement stemming from El Salvador which recognized bitcoin (BTC) as legal tender in the country. Even though the news…

Price analysis 6/9: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, SOL, BCH

Bitcoin’s sharp rebound from its recent swing low suggests traders are aggressively accumulating BTC and altcoins on major dips. Bloomberg Intelligence senior commodity strategist Mike McGlone believes that Bitcoin (BTC) is more likely to rally to $40,000 than slump to $20,000. This bullish outlook seems to be shared by traders as Bitcoin initiated a sharp recovery today. On-chain data also suggests that long-term holders (LTH) have again started accumulating Bitcoin after booking profits during the rally from $10,000 to $64,000. The total number of Bitcoin held by these long-term holders…