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Tag Archives: Tells

Bitcoin ‘Seller Fatigue’ Means Market Has Bottomed, Michael Novogratz Tells Yahoo

Galaxy Digital CEO and infamous Bitcoin (BTC) supporter Michael Novogratz says cryptocurrency markets have hit “seller fatigue,” repeating his belief that prices have bottomed, various media outlets report Friday, September 21. As part of his comments at Yahoo Finance’s second annual “All Markets Summit,” Novogratz, who last week “called a bottom” for crypto on social media, said Bitcoin’s price drops ...

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Treat Bitcoin Like Switzerland Does, Zimbabwe Finance Minister Tells Central Bank

Zimbabwe’s new finance minister said the country should embrace Bitcoin at state level in a manner similar to Switzerland, local media outlet IT Web Africa reports Monday, September 17. Citing the Swiss central bank’s “investment and understanding” in Bitcoin, Mthuli Ncube said he would call on the Reserve Bank of Zimbabwe (RBZ) to follow in its footsteps. “Zimbabwe should be ...

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Current Legal System Can’t Recognize Bitcoin, RBI tells India’s Supreme Court

The Reserve Bank on India (RBI) on Wednesday filed an affidavit in the Supreme Court to clarify its stand on cryptocurrencies like Bitcoin. The central bank reserved its views on the legality of cryptocurrencies in India, telling the apex court that the constitution has not defined any legal system for virtual currencies. Citing the provisions of The Coinage Act and ...

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Bitcoin Not Useful for Terrorists, Expert Tells US Congress

Despite scattered reports and fears about crypto’s potential use in facilitating terror activities, multiple bitcoin fundraising attempts have failed and cash remains substantially more useful to terrorists. This was the message delivered by Yaya Fanusie, director of analysis for the Foundation For Defense of Democracies Center on Sanctions and Illicit Finance in a prepared testimony delivered to the House Financial Services Committee ...

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Keep Your Hands Off Cryptocurrency, Economist Tells World Governments

Prominent economist and editorial director of the American Institute for Economic Research (AEIR), Jeffrey Tucker, has urged governments and central banks around the world to let go of the idea of creating state-backed cryptocurrencies and instead focus on the soundness of the fiat system and the banking system. “Leave Crypto Alone” In an editorial published in AEIR, Tucker stated that ...

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Malta Regulator Tells Blockchain Companies to Wait Before Applying for Approvals and Authorization

The Malta Financial Services Authority (MFSA) said in a statement that blockchain companies have to wait until a recently passed framework comes into force before applying for approvals and authorizations, news outlet Times of Malta reported July 20. In a statement issued today, the MFSA said it is developing a new framework that will back recently-passed blockchain laws, so operators ...

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Citadel CEO Says Bitcoin Is Still a ‘Head Scratcher,’ Tells Young Generation to Stay Away

Ken Griffin, the CEO and founder of the Citadel hedge fund, has reiterated his negative stance on Bitcoin (BTC) in an interview with CNBC Wednesday, July 18. Speaking at the Delivering Alpha Conference in New York, Griffin admitted that he “still scratch[es] [his] head” about Bitcoin, claiming that the younger generation should “do something more productive than invest in digital ...

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Reveal All Crypto Activity, FINRA Tells Its Members

The US Financial Industry Regulatory Authority is requesting that all its member firms notify the regulator if they engage in any activity related to digital assets. This is an ongoing initiative by the regulator to ascertain the members’ involvement in the digital assets marketplace and covers the firms, their staff, and their affiliates. Making the announcement in a regulatory notice, ...

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Use Blockchain to ‘Rebuild Societal Trust’ and Save £8 Billion, Report Tells UK Gov’t

UK housing minister Eddie Hughes released a report into blockchain July 4, calling on the government to “show leadership” by making the technology and its benefits a priority. The report, ‘Unlocking Blockchain,’ makes several key proposals, using state projects currently underway in Estonia as the standard authorities should follow at home. “The state should focus its attention on using blockchain ...

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