Highlights

CryptoNews

Author: StanNordFX   |   Latest post: Wed, 13 Oct 2021, 11:40 AM

 

CryptoNews of the Week

Author:   |    Publish date:


zQ5lP8Z.jpg


- Financial giant JPMorgan CEO Jamie Dimon has previously repeatedly criticized cryptocurrencies, promised to fire employees trading digital assets, and called bitcoin holders fools. And now, according to Bloomberg, he smothered the first cryptocurrency to smithereens once again, but admitted that the customers of his holding believe otherwise.
“I personally think bitcoin is worth nothing,” Dimon said at the Institute of International Finance's annual meeting. “But our clients are adults and they don't agree. This is what creates markets. Therefore, if they want to be able to buy BTC, we can provide them with legal and transparent access.”
At the same time, he added that cryptocurrencies will be subject to regulation as concerns grow in Washington regarding stablecoins and the new asset class in general.

- Co-founder of venture capital firm Morgan Creek Digital, Anthony Pompliano, revealed that YouTube removed his channel on the evening of October 11 while on air with popular blogger PlanB. According to Pompliano, this came after discussions about a bullish scenario for bitcoin for the next five years. He later published screenshots of emails from the service, which described the content about the first cryptocurrency as “dangerous and harmful.” Video hosting representatives felt that the channel's creators were allegedly “encouraging illegal activities.”
Pompliano said about two hours later that the YouTube channel had been restored, though "without any explanation from the company."

- 26 Israelis were detained in Tel Aviv on October 5, during a joint operation by the US Federal Bureau of Investigation and the Israeli Police on suspicion of involvement in organized financial fraud in the field of Forex and crypto. And just a week later, all 26 were released, without any special conditions of release.
As previously stated in an official statement by the Israeli police, the detainees provided false brokerage services to clients around the world, thus embezzling $7 million. Users were promised access to forex or cryptocurrency trading, which in reality did not take place, and funds were simply appropriated by the scheme organizers.
And now all the detainees, without exception, were released after a court hearing. Moreover, lawyers for earlier suspects are preparing countersuits against the nation's law enforcement agencies. However, there are reports that two more new crypto-fraud cases involving Israeli citizens are being investigated in the neighboring country of Cyprus.

- Ethereum creator Vitalik Buterin criticized El Salvador's decision to recognize bitcoin as the official currency. He stressed that the process of forcibly integrating digital assets into the financial system “runs counter to the ideals of freedom that should be appreciated by members of the cryptocurrency community. In addition, the tactic of simultaneously distributing BTC to millions of El Salvadorians with little or no prior training is reckless and fraught with the risk of large numbers of innocent people being hacked or tricked. "
“Shame on everyone (okay, I'll name the main culprits: shame on bitcoin maximalists) who praise him [President Nayib Bukele] without any criticism,” Buterin wrote on Reddit.

- Legendary billionaire investor and founder of Miller Value Partners, Bill Miller, called bitcoin digital gold and compared his bet on it to buying Amazon stock during the dot-com bubble crash. According to the billionaire, he acquired shares of the tech giant Amazon at an average price of $17 more than 20 years ago. The first cryptocurrency cost him an average of $500 per coin.
“Bitcoin is much less risky at $43,000 than at $300. Now it is recognized, a huge amount of venture capital has gone into it, all the big banks are involved,” Miller said. However, the billionaire advised investors who are not too deeply versed in cryptocurrency to invest no more than 1% of funds in digital assets. Regarding altcoins, Miller noted that the chances of succeeding with more than “10,000 existing tokens and other” are extremely small,” although “Bitcoin, Ethereum, and some other coins will probably exist for a while.”

- Research Institute Capgemini conducted a survey around the world to analyze the current payment situation. In addition, the statistics of the Bank for International Settlements, the European Central Bank, the International Monetary Fund, the World Bank and other central banks were studied.
Capgemini noted that less than 10% of consumers currently use cryptocurrency for payments. However, the research institute predicts that nearly 45% of customers will use this new payment method in one to two years. This trend will be supported by the growing demand for international payments and the reluctance to pay high transaction fees. Cryptocurrency credit cards will become more widespread. At the same time, the researchers concluded that the prospects for cryptocurrencies and stablecoins are vague, due to the ambiguous position of governments around the world.

- According to Coinmarketcap data, Apple Corporation currently has the largest capitalization ($2.34 trillion), followed by Microsoft, Google, Amazon, and bitcoin is in fifth place. If you look at the statistics, the total capitalization of the stock market is currently about $100 trillion, the capitalization of the gold market is around $12 trillion, the total capitalization of the cryptocurrency market has exceeded $2 trillion, and the capitalization of BTC is already $1 trillion.
What can the above statistics indicate? According to the authors of the publication in Freedman Club Crypto News, only that the flagship cryptocurrency has the potential to not only bypass corporations in terms of capitalization, but also entire sectors of the world economy.

- The Swiss non-profit think tank 2B4CH has proposed making bitcoin one of the reserve assets of the Bank of Switzerland and reflecting this in the country's Constitution.
2B4CH was founded in Geneva in 2017. It conducts research on how cryptocurrencies and blockchain can affect society, and what changes they can bring to the financial sector. And now 2B4CH has announced on Twitter the launch of a “popular initiative” aimed at collecting 100,000 signatures to amend Article 99, paragraph 3, of the Swiss Constitution. In particular, 2B4CH proposes that the Central Bank of that country should be able to store bitcoin as a reserve asset alongside gold. And in case of successful implementation of the initiative, Switzerland, according to the organizers of the plebiscite, will become a good example for other countries.

- An employee of the US Navy and his wife were arrested on suspicion of selling classified data for cryptocurrency. This is reported on the website of the American Ministry of Justice. According to authorities, nuclear engineer Jonathan Toebbe sold information about the design of American nuclear submarines with the help of his wife, allegedly to a representative of a foreign country. The latter turned out to be an undercover FBI agent.
The agent sent Toebbe $10,000 in cryptocurrency in June (according to CoinDesk, Monero). After receiving the payment, the couple hid the secret SD card inside the peanut butter sandwich in a pre-arranged location. The agent then sent them another $20,000.
Toebbe hid another SD card in a gum box in August, receiving $70,000 for the decryption key. And more recently, in October, the engineer made another cache with another map containing data on submarines, after which he and his wife were arrested.

- American Crypto Exchange Kraken experts believe that the price of the flagship asset could reach $100,000 by the end of 2021. Based on the analysis of the dynamics of previous years, a calculation was made, according to which, the price of bitcoin tends to grow during the fourth quarter of any year. During this period, "the average and median returns reached +119% and +58%, respectively." If the average return of the previous 2020 year recurs, BTC could end the year close to $100,000. More precisely, around $96,000. However, if we see not the average, but the median profitability, experts write, then the price of bitcoin will rise to about $70,000.


#eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #forex #cryptocurrencies #bitcoin #stock_market

https://nordfx.com/

Share this

More articles on CryptoNews >>


  Be the first to like this.
 


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
 
 

1738  2478  367  6869 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 TLGT 0.174-0.028 
 AVIR 14.15-26.45 
 COG 22.25+0.49 
 AAPL 148.359+1.809 
 NIO 40.33+0.72 
 AMC 43.51+0.48 
 CLDR 15.99+0.01 
 SNR 8.92-8.92 
 CCL 22.764-0.366 
 IFRX 2.725+0.305