Tag: News

Elon Musk Promises to Step Down as Head of Twitter — Edward Snowden Throws His Name in the Hat for CEO – Featured Bitcoin News

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Tesla CEO and Twitter chief Elon Musk has promised to step down as head of Twitter. As the billionaire seeks a new CEO to run the social media platform, privacy advocate Edward Snowden threw his name in the hat, stating that he takes payment in bitcoin. “The question is not finding a CEO, the question is finding a CEO who can keep Twitter alive,” Musk clarified. Elon Musk Discusses Finding New Twitter CEO Elon Musk set up a poll on Twitter over the weekend asking his 122.3 million followers whether…

Are Hong Kong and Nigeria Embracing Crypto? – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). Bitcoin broke below $17,000 over the weekend as it is hovering around $16,700 at time of writing, however governments around the world are making progressive changes toward the crypto industry. According to a local newspaper, Nigeria will soon pass a bill that legalises crypto, which contradicts previous Nigerian legislation. Furthermore, Hong Kong’s first Bitcoin ETF has officially been listed. Hong Kong is the financial gateway to China, hence it could be an impactful backdoor for mainland money in China…

Bank Holdups and Protests Continue to Rise in Lebanon as Depositors Demand Their Own Savings – Economics Bitcoin News

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On Dec. 17, reports detail that residents in Lebanon have been staging sit-ins and protests at banks in order to access their own savings accounts. Since the economic collapse in 2019, Lebanon’s banks froze Lebanese bank accounts, and a number of branches have remained closed indefinitely. The deprivation of wealth has caused a few impoverished Lebanese to demand their savings at gunpoint but so far, even these tactics have left most residents walking away or arrested penniless. Lebanon’s Banks Deal With Protests and Gunpoint Demands From People Who Want Their…

Commodity Analyst Mike McGlone Suggests ‘Bitcoin Appears Poised to Resume Its Inclination to Outperform’ – Bitcoin News

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Bloomberg Intelligence senior commodity analyst, Mike McGlone, believes a “warm spell” is coming in terms of bitcoin markets as the market strategist detailed on Monday that “bitcoin appears poised to resume its inclination to outperform.” McGlone’s comments follow his previous prediction that noted bitcoin and ethereum appear to have “completed the bulk of their drawdown.” Mike McGlone Believes a Crypto ‘Warm Spell’ Is in the Cards, Suggests Bitcoin Will Resume Its Climb in Value When the ‘Fed Pivots to Easing’ Mike McGlone is convinced bitcoin has some healing ahead as…

SHIB Community Members and Countdown Clock Hint Shibarium Launch Is Imminent – Bitcoin News

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According to a myriad of social media posts, the meme crypto project Shiba Inu is planning to launch the highly anticipated Shibarium, a layer two (L2) project that was supposed to launch this year in the third quarter. Shiba Inu supporters believe the Shibarium launch is imminent as a number of community members have been sharing animated images of countdown clocks on social media. Meme Token Project Shiba Inu Hints at Launching L2 Scaling Application Shibarium On Dec. 19, 2022, the meme token shiba inu (SHIB) increased by roughly 2.3%…

Binance US Plans to Acquire Voyager Digital’s Assets for $1 Billion in Bankruptcy Bid – Bitcoin News

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According to a Binance blog post, Binance US has entered an agreement with Voyager Digital Ltd., in order to acquire its assets. The announcement details that the acquisition “sets a clear path forward for Voyager customers’ funds to be unlocked as soon as possible.” Binance Reveals U.S. Subsidiary to Purchase Voyager Digital’s Assets for $1B, Company Bid Seeks Bankruptcy Court Approval At the end June 2022, it was revealed that Voyager Digital secured a line of credit worth $500 million from Alameda Research, but by July 1, the TSX-listed Voyager…

SHIB, XMR Extend Recent Gains on Monday – Market Updates Bitcoin News

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Shiba inu rose for a third consecutive session on Monday, as the meme coin continued to move away from last week’s lows. Today’s surge comes as the global cryptocurrency market cap was largely unchanged, and is down 0.01% as of writing. Monero was another notable mover to start the week, as it too rose in back-to-back sessions. Shiba Inu (SHIB) Shiba inu (SHIB) was in the green to start the week, as the meme coin rose for a third consecutive session. Following a low of $0.00000848 on Sunday, SHIB/USD surged…

Basel Committee Finalizes Rules for Bank Exposure to Cryptocurrency Assets – Regulation Bitcoin News

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The Basel Committee, the organization in charge of setting global bank standards, has finalized its new rules related to banks and cryptocurrency exposure. The document establishes two different crypto asset classes, including tokenized real assets and stablecoins in one, and other cryptocurrencies in another, discriminating on the collateral and quantity that banks might hold for each one. Basel Committee Defines Final Rules for Crypto Exposure As banks have stepped into the realm of cryptocurrency services, standards organizations are now defining the ways in which traditional financial institutions will be able…

BTC, ETH Consolidate as Markets Prepare for Christmas Break – Market Updates Bitcoin News

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Bitcoin continued to consolidate to start the week, as market volatility remained in place ahead of the Christmas holidays. The world’s largest cryptocurrency remained below $17,000 on Monday, as price attempted to break out of a key resistance level. Ethereum was below $1,200 on Monday. Bitcoin Bitcoin (BTC) started the week below $17,000, as prices continued to consolidate following a volatile weekend. Following a low of $16,671.80 on Sunday, BTC/USD rose to a peak of $16,815.39 earlier in today’s session. Monday’s move saw the world’s largest cryptocurrency rise above a…

Chinese Zhejiang Province Aims to Build a $28.7 Billion Metaverse Industry by 2025 – Metaverse Bitcoin News

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Zhejiang, a coastal province of China, has presented a metaverse development plan that seeks to build a metaverse hub in its territory. The plan aims to entice the creation of a $28.7 billion metaverse industry and construct an ecosystem of several companies integrating this tech as part of its operations by 2025. Zhejiang Presents Metaverse Development Plan Zhenjiang, a Chinese province, presented its metaverse development plan on Dec. 15, aiming to become one of the biggest metaverse hubs in the country. The plan, which contemplates the integration of several active…