Day: October 11, 2021

Billionaire Bill Miller advocates for Bitcoin, but doubtful on altcoins

Bill Miller, a seasoned Wall Street investor and founder of Miller Value Partners, advocated for the rise of Bitcoin (BTC) during a recent conversation with author William Green, but voiced skepticism around many of the altcoins birthed during 2017. Miller subscribes to the well-documented thesis that Bitcoin portrays digital gold, and unlike many of his financial contemporaries — Warren Buffet being the most prominent — he has been a keen investor in the digital asset space. Back in early 2016, Miller dedicated 30% of his portfolio to the leading crypto asset Bitcoin at…

A catalyst for crypto’s ultimate decoupling?

The United States federal government’s default on its debt has been averted — at least for now. On Oct. 7, the Senate voted to increase the debt limit by $480 billion, a sum needed for the world’s biggest borrower to keep paying off its obligations until early December. The deal secured a temporary resolution for a weeks-long partisan standoff that had investors both within and far beyond the U.S. unsettled. The once unimaginable prospect of a U.S. default seemed more conceivable than ever before. As the system-wide uncertainty peaked ahead…

South Korea Opposition Party Trying to Make Changes to Crypto Tax: Report

South Korea’s opposition People Power Party is preparing a proposal to delay the implementation of the country’s crypto tax legislation, as well as adjust the level at which taxes would kick in, according to a report in the Korea Herald. The bill would delay the legislation coming into effect from the currently planned Jan. 1, 2022 to the beginning of 2023. It would also alter the law from levying a 20% tax on cryptocurrency capital gains above 2.5 million won ($2,125) to placing a 20% tax on gains between 50…

Akt.io Shows How DeFi Is Shaping the Future and Why Financial Institutions Are Ripe for Disruption – Sponsored Bitcoin News

sponsored Investing has become mandatory for those who want to secure their financial future. Despite this need, the accessible alternatives for those wanting to put their money to work are few. Akt.io will change this and democratize the world of investing. Why do you need investments? With current accounts offering zero returns and savings accounts offering close to zero returns, investing has become mandatory if you don’t want inflation to chew up your financial future. The problem is that investing is intimidating and associated with a lot of risk for…

Raoul Pal Ethereum – There is an AVALANCHE coming for Ethereum and Bitcoin! Price Prediction *NEW*

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Raoul Pal Ethereum – There is an AVALANCHE coming for Ethereum and Bitcoin! Price Prediction NEW July 2021 Interview New price predictions – An AVALANCHE is coming for Ethereum and Bitcoin. Raoul Pal is one of the most influential macro investors at the moment. He is an ex-Goldman Sachs hedge fund manager and he is one of the figures that really spearheaded the institutional adoption of Bitcoin and Ethereum. I have followed Raoul Pal for about 12 months now and every single…

Blockchain Analytics Firm Elliptic Raises $60M to Fund R&D, Expansion

Elliptic, which helps track transactions on blockchains, has raised $60 million in a Series C funding round led by Evolution Equity Partners. The money will be used for research and development (R&D) and international growth. The funding will also help with expansion of Elliptic’s team, especially in the U.S. London-based Elliptic said participating investors included SoftBank Vision Fund 2, AlbionVC, Digital Currency Group, Wells Fargo Strategic Capital, SBI Group, Octopus Ventures, SignalFire and Paladin Capital Group. The fundraising underlines the mounting interest in the transaction-analysis industry as companies strive to…

BitMEX CEO predicts Bitcoin will be legal tender in five countries by 2022

Countries in the developing world will soon follow in the steps of El Salvador and make Bitcoin (BTC) legal tender, BitMEX CEO Alexander Höptner recently predicted. In an Oct. 6 blog post, Höptner expressed support for El Salvador adopting Bitcoin as legal tender in September, predicting that developing countries will be “leading the way” in Bitcoin adoption: “My prediction is that by the end of next year, we’ll have at least five countries that accept Bitcoin as legal tender. All of them will be developing countries.” According to Höptner, developing countries…

Poland’s Central Bank Says It Will Add 100 Tons of Gold to Existing Holdings in 2022 – Finance Bitcoin News

The Polish central bank, the National Bank of Poland (NBP), is reportedly planning to raise its gold reserves by 100 tons in 2022. According to bank governor Adam Glapinski, the objective of this decision is to prepare Poland for “the most unfavourable circumstances.” Gold’s Safe Haven Status In his remarks during an interview with the Gazeta Wroclawska newspaper, Glapinski explained why the NBP has chosen to increase its gold holdings. He said: Why does the central bank own gold? Because gold will retain its value even when someone cuts off…

China Seeking Judicial Authority to Convict and Sentence Crypto Activities: Report — CoinDesk

CryptoX – Cryptocurrency Analysis and News Portal The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. @2021 CoinDesk English ​ Original Source The post China Seeking Judicial Authority to Convict and Sentence Crypto Activities: Report — CoinDesk appeared first on CryptoX. CryptoX Portal

🚨COINBASE HACKED & FUNDS STOLEN FROM ACCOUNTS🚨

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ►Coinbase Multi-Factor Authentication Hack Affects at Least 6,000 Customers ►Twitter: Want to buy me an orange juice or donate to the channel? ►Cashapp: ►Venmo: www.venmo.com/u/D_W_P ►LEDGER Crypto Wallet Store your Digital Assets Safely (DO NOT LEAVE CRYPTO ON EXCHANGES) ► ►DISCLAIMER I am not a licensed financial advisor. All videos on this channel are intended for entertainment purposes only. You should not buy, sell, trade, or invest in any asset based on what I say in these videos. You should know that…