『 SoftBank Invests $200 Million In Brazil’s Largest Crypto Exchange 』
Brazil’s leading cryptocurrency exchange, Mercado Bitcoin, today announced it raised $200 million from the SoftBank Latin America Fund. The investment values Mercado’s parent company, 2TM Group, at $2.1 billion and is SoftBank’s largest capital injection in a Latin America crypto company.
『 El Salvador Made Bitcoin A Legal Tender: Why That Will Backfire 』
El Salvador’s first-in-the world recognition of Bitcoin as legal tender there won’t stop the cryptocurrency’s current crumble.
『 ‘Release The Doge!’—Elon Musk Gives The Dogecoin Price A Sudden Boost As Bitcoin And Ethereum Lead The Crypto Market Lower 』
Dogecoin, the meme-based cryptocurrency that’s a favourite of Tesla billionaire Elon Musk, has suddenly shot higher—jumping after Musk once again tweeted in support of doge…
『 MicroStrategy’s Stock Is Tied To Bitcoin’s Success Or Failure 』
MicroStrategy has tied the success of its stock to bitcoin. By going all-in with its cash and raising debt it now owns over 100,000 bitcoins worth almost $3.7 billion.
『 China’s Love-Hate Bitcoin Drama Ends Badly 』
The use of private currencies that could be used to evade detection, taxation and overseas capital flows are a foundational risk to Beijing’s sense of control.
『 $6 Billion NCR Opens Bitcoin Purchases To 650 Banks And Credit Unions 』
As part of the deal, between enterprise payments giant NCR and NYDIG, the sister company of $11 billion Stoneridge Asset Management, community banks including North Carolina-based First Citizens Bank and credit unions such as Bay Federal Credit Union in California will be able to offer their clie…
『 ‘Bitcoin Congressman’ Says Federal Reserve Is Failing Its Dual Mandate 』
“…the Federal Reserve and Congress are destroying the value of the U.S. dollar and jeopardizing its status as the global reserve currency by spending more money than anyone will lend, ” said Congressman Warren Davidson (R-OH), Ranking Member of the Task Force on Financial Technology
『 Bitcoin Consolidates Around $35,000, Other Cryptocurrencies Including Ether, Polkadot, XRP And Cardano Post Considerable Gains 』
Despite the continued clampdowns on cryptocurrency exchanges and companies around the world, including the recent ban on Binance’s regulated operations in the U.K.,the market is on the rise, with 24-hour gains ranging from 3.5% to 13% for tokens in the top 10.
『 China’s Crackdown On Bitcoin Mining Is Good News For North American Crypto Miners 』
Bitcoin erased its 2021 gains last week as China ramped up its crackdown on mining of the cryptocurrency, a move that’s expected to help shift the industry’s center of gravity from Asia to North America.