President Buhari – Emerging Markets Bitcoin News

The Nigerian president, Muhammadu Buhari, suggested in a recent speech that the new e-naira central bank digital currency (CBDC) could lead to an increase in the value of his country’s GDP by $29 billion in ten years. Africa’s First CBDC President Buhari made bold remarks in his speech at Monday’s launch of the e-naira CBDC, stating: “Indeed, some estimates indicate that the adoption of CBDC and its underlying technology, called blockchain, can increase Nigeria’s GDP by US$29 billion over the next 10 years.” In addition to boosting Nigeria’s GDP, President…

Bitcoin suddenly passes $61K as a $1.7K hourly candle fuels BTC bulls

Bitcoin (BTC) delivered another classic surge during Oct. 28 as bulls enjoyed a $1,700 hourly candle. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin suddenly abandons the bears Data from Cointelegraph Markets Pro and TradingView showed BTC/USD breaking back above $60,000 after tracking sideways since early Wednesday. The move meant that the pair cast firm doubt on recent bearish behavior, all but invalidating a head-and-shoulders pattern in line with expectations. As Cointelegraph reported, analysts were already unfazed by Bitcoin’s retracement, with some even increasing their price targets over longer timeframes. #BTC…

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SEC Will Not Approve Leveraged Bitcoin ETF: Report

The U.S. Securities and Exchange Commission (SEC) will not approve the listing of leveraged bitcoin exchange-traded funds (ETF). The SEC instructed at least one prospective ETF provider not to proceed with their plans for a leveraged funds, the Wall Street Journal reported on Thursday, citing a person familiar with the matter. The U.S. markets regulator wishes to limit bitcoin-related investment vehicles to those that provide un-leveraged exposure – in others words not comprised of borrowed funds. The report emerges two days after Valkyrie Investments filed to offer 1.25x leveraged bitcoin…

Volt Equity’s ‘Bitcoin revolution’ ETF goes live on NYSE today

The New York Stock Exchange (NYSE) continues listing Bitcoin (BTC)-linked exchange-traded funds (ETF), with Volt Equity becoming the latest company to debut such a product on the exchange. Volt Equity’s Crypto Industry Revolution and Tech ETF will debut trading on the electronic securities exchange NYSE Arca on Oct. 28, the company’s CEO Tad Park told Cointelegraph. The ETF will be available for trading at market opening under the ticker symbol BTCR. BTCR will open at $21, giving a nod to Bitcoin’s capped supply of 21 million Bitcoin. According to the…

New Bitcoin hash rate highs remove any trace of China mining ban

Bitcoin (BTC) has all but deleted any trace of the mining ban which saw hash rate dive 50% this year. According to the latest estimates, the network hash rate is now back at levels from May, just before China outlawed its Bitcoin mining industry. Hash rate recovers the dip Five months since the largest ever migration in Bitcoin’s history began, network fundamentals have staged a major comeback. Coming in leaps and bounds as miners relocated and started over, the recovery in hash rate and network difficulty is now approaching a…

Slovenia Launches Public Consultations on Crypto Taxation Law – Taxes Bitcoin News

Authorities in Slovenia have prepared new legislation tailored to determine how crypto holdings and transactions are taxed in the country. The proposal, aimed at clarifying the matter, has been submitted for public consultations this week, local media reports revealed. Slovenia to Amend Tax Rules for Cryptocurrencies The Finance Ministry in Ljubljana has opened public consultations on a draft law regulating cryptocurrency taxation, Slovenian media reported. The legislation is based on proposals made by the Financial Administration of the Republic of Slovenia (FURS), which were announced in August of this year.…

Initiative Q 💲 CRYPTOCURRENCY 💲

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Help us educate with a LIKE, SUBSCRIBE,and DONATION. Thank you! , 💲 Cryptocurrency 💲 YOUTUBE SUBSCRIBE In this video series we’re covering everything about Cryptocurrency. Initiative Q is an attempt to create a new payment network and digital currency. It was created by Israeli entrepreneur Saar Wilf, who previously founded Fraud Sciences, a payment security company acquired by PayPal. Initiative Q is backed by Cato Institute economist Lawrence H. White. Unlike Bitcoin the scheme would not take measures to evade state regulation.…

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Bitcoin Dives Below $60K, Why Bulls Could Struggle In Short-Term

Bitcoin price failed to stay above the $60,000 level against the US Dollar. BTC is consolidating losses and it remains at a risk of more downsides below $58,000. Bitcoin extended its decline below $62,000 and $60,000 support levels. The price is now trading below $60,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $60,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains at a risk of more downsides below the $58,000 level in…