Tag: News

Stablecoins Cannot Function as Money Because They Have No ‘Assured Value’ — Bank of England Governor – Featured Bitcoin News

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Andrew Bailey, the governor of the Bank of England, has asserted that stablecoins “will need to have the characteristics of, and be regulated as, inside money” before they function as money. Bailey also described crypto as a “highly speculative investment” with no intrinsic value. Stablecoins Purport to Be Money According to the Bank of England (BOE) governor, Andrew Bailey, stablecoins can only function as money if they attain the characteristics of “inside money” and when they are regulated as such. Bailey also claimed the BOE had determined that stablecoins lack…

BTC Nears $31,000, as ETH Hits 11-Month High – Market Updates Bitcoin News

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Bitcoin moved towards the $31,000 mark on Friday, ahead of upcoming retail sales data from the United States. Sales are expected to remain flat, whilst overall consumer sentiment is forecasted to rise to 62.7, from a reading of 62.0. Ethereum extended recent gains, hitting an eleven-month high in the process. Bitcoin Bitcoin (BTC) was once again in the green on Friday, as traders pushed the price close to the $31,000 mark. BTC/USD raced to a peak of $30,848.46 earlier in today’s session, a day after trading at a low of…

Casino Not on Gamstop at Mystake․com – Press release Bitcoin News

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press release PRESS RELEASE. Mystake.com is a popular non gamstop online casino platform that offers a thrilling gaming experience for players looking for casinos not on Gamstop. The site is designed to provide an immersive experience for players with a range of games including slots, table games, and live dealer games from some of the top game providers in the industry. One of the unique selling points of mystake.com is that it is not registered with Gamstop, making it an ideal option for players who have self-excluded themselves from other…

Twitter Users to Trade Crypto Through Etoro – Bitcoin News

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Social trading company Etoro has partnered with Twitter to will allow users of the microblogging platform to invest in cryptocurrencies and other assets. The move is viewed as a step towards turning the social media into a “super app,” a mission under Musk, providing financial and a range of other services. Musk’s Twitter Cashtags to Cover Crypto Assets Israel-headquartered investment firm Etoro took to Twitter on Thursday to announce its new deal with the social media platform that will offer market charts on various assets and give you the option…

Analysts Weigh In on BRICS Currency as Tool to Face US Dollar-Based Sanctions – Economics Bitcoin News

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Analysts have begun considering using a future BRICS currency to sidestep U.S. sanctions and the dollar’s influence in international markets. While the rise of the U.S. dollar was significant to spur an era of economic growth after World War II, the so-called weaponization of its ubiquitous use has made some countries consider other options for international trade. BRICS Common Currency Issuance Under Scrutiny Zhou Weidi, deputy director of the Institute of Economics and Business Administration Central China Pedagogical University, has weighed in on the possible implementation of a BRICS currency…

Winner of Canadian Lottery Jackpot Says Impostors Using His Name to Steal Bitcoins – Featured Bitcoin News

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The winner of the Canadian lottery, Scott Gurney, has confirmed that scammers impersonating him on Facebook have conned unsuspecting victims of their bitcoins. To counter the scammers, Gurney said he has stopped accepting or sending friend requests on the social networking platform. ‘Too Good to Be True’ The Canadian Lotto Max jackpot winner, Scott Gurney, has said individuals using his name have been asking social media users to donate bitcoins are likely scammers, a report has said. Gurney, who won $55 million, confirmed that one individual told him they lost…

Bank of Russia Analysts Note Ditching US Dollar Is ‘Hardly Possible’ Without Structural Changes to Foreign Trade – Economics Bitcoin News

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A report from the research department of the Bank of Russia shows that, due to the structure of foreign trade contracts, it will be difficult to ditch the usage of the U.S. dollar to settle payments. The analysts found that contracts are often denominated in U.S. dollars and that most transactions are still concluded with providers from unfriendly countries. Bank of Russia Analysts Find Ditching U.S. Dollar Might Prove Difficult Analysts from the Bank of Russia have found that ditching the U.S. dollar for foreign trade settlements will not be…

Europeans to See More Interest Rate Hikes, Central Bank Governors Indicate – Finance Bitcoin News

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Further rate hikes are warranted by persisting inflation in the eurozone, according to members of its monetary authority’s decision-making body. Two central bank governors, with different opinions about how aggressive the European Central Bank should be, nevertheless agree that more increases of key interest rates are yet to come. ECB Has Some Hikes Left to Make, Bank of France Chief Admits Although the European Central Bank (ECB) has done most of the work in terms of interest rate hikes, it still has a “little way to go,” Banque de France…

Former Deutsche Bank Investment Banker Charged With Crypto Fraud in US – Bitcoin News

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An investment banker formerly employed by Deutsche Bank has been charged with perpetrating a crypto-related fraud. The man from Brooklyn has been accused of misappropriating funds from victims whom he promised large returns on cryptocurrency investments in a Ponzi-like scheme. Ex-Deutsche Bank Investment Banker Arrested and Charged for Defrauding Crypto Investors Rashawn Russell, a 27-year-old investment banker and registered broker from Brooklyn, New York, was arrested on April 10 on criminal charges related to his alleged role in running a crypto investment fraud scheme, the U.S. Department of Justice announced…

Peter Schiff Says Banking Crisis Not Over, Much Worse Financial Crisis Incoming — Warns of ‘Massive’ Recession – Economics Bitcoin News

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Economist Peter Schiff has cautioned that the present banking crisis is the cusp of a much worse financial crisis. “It’s going to get much much worse if you are going to try to dismiss it,” he stressed. Citing the Federal Reserve’s recession forecast, he warned: “Normally the Fed doesn’t forecast a recession. So if they can actually see this one coming, it likely means it will be massive.” Peter Schiff on Banking Crisis, Financial Crisis, and Recession Gold bug and economist Peter Schiff warned in a recent interview on Trader…