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U.S. Won’t Ban Crypto | This Week in Crypto – Oct 4, 2021

Source Node: https://99bitcoins.com/bitcoin-news-summary-oct-4-2021/
Time Stamp: October 4, 2021 1:00 AM - Modified On: October 4, 2021 - Published By:
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Republished By Plato

 The US gives a green light to cryptos, TikTok launches its own NFTs, and can professional crypto traders be outmatched…by a hamster?! These stories and more this week in crypto. The Chairman of the US Federal Reserve, Jerome Powell said that the United States has no intentions of banning cryptocurrencies, including Bitcoin. He still asserted that some digital assets, stablecoins in particular, have to be regulated. This fresh, more optimistic US approach had an immediate positive effect on the entire market at the end of the week. TikTok has

Fortune Publishes their Most Disgusting Bitcoin Article Yet. Here’s Why.

Source Node: https://bitcoinist.com/fortune-publishes-their-most-disgusting-bitcoin-article-yet-heres-why/?utm_source=rss&utm_medium=rss&utm_campaign=fortune-publishes-their-most-disgusting-bitcoin-article-yet-heres-why
Time Stamp: September 30, 2021 4:21 AM - Modified On: September 30, 2021 - Published By:
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Just when you thought Fortune couldn’t sink any lower with their Bitcoin slander, the publication tries to relate a neutral technology to “the alt-right” and “white supremacists.” Is this what journalism has devolved into? Unfortunately, in the case of Fortune, the answer is yes. This is not the first time they have used their publication as a weapon. They’ve tried to slander Bitcoin numerous times before, and there’s a concrete reason for that. Related Reading | Bitcoin And Crypto Adoption Soars 880% In 2021, This Is What’s Driving It Before

SEC can collect unpaid ICO promotion fines from Steven Seagal, says judge

Source Node: https://www.theblockcrypto.com/linked/115927/sec-can-collect-unpaid-ico-promotion-fines-from-steven-seagal-says-judge?utm_source=rss&utm_medium=rss
Time Stamp: August 28, 2021 11:04 AM - Modified On: August 28, 2021 - Published By:
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advertisement Actor Steven Seagal owes the U.S. Securities and Exchange Commission unpaid fines stemming from a settlement related to the promotion of an initial coin offering -- and a U.S. judge has empowered the agency to seek collection. According to Bloomberg, Seagal owes more than $200,000. As previously reported, Seagal settled with the agency after being accused of not disclosing payments related to his endorsement of the Bitcoiin ICO. As part of the deal, he was ordered to pay more than $300,000. Per the report, Seagal has paid the SEC

China: Is the PBoC’s new ‘reminder’ on Bitcoin’s status really new

Source Node: https://ambcrypto.com/china-is-the-pbocs-new-reminder-on-bitcoins-status-really-new/
Time Stamp: August 27, 2021 9:30 PM - Modified On: August 27, 2021 - Published By:
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“We remind the people once again that virtual currencies such as Bitcoin are not legal tenders and have no actual value support.” The People’s Bank of China [PBoC] has once again raised an alarm about the use of cryptocurrencies in light of its recent crackdown. According to local reports, the central bank took a shot at Bitcoin, commenting that such virtual currencies cannot compete with existing legal tender. Yin Youping, Deputy Director of the Financial Consumer Rights Protection Bureau of the PBoC, argued that cryptos are not backed by any

Ethereum Competitor Solana Hits All-Time High As Market Continues to Rise

Source Node: https://decrypt.co/79093/ethereum-competitor-solana-hits-all-time-high-as-market-continues-to-rise
Time Stamp: August 21, 2021 7:11 AM - Modified On: August 21, 2021 - Published By:
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Having briefly entered the top ten cryptocurrencies by market capitalization earlier this week, Solana has set new all-time highs over the last few days, including today. The SOL token briefly set an ATH of $78.63 in the early hours of this morning UTC, according to crypto data aggregator Nomics. Solana’s price has since retreated a little. It currently sits at $78.17, though this still represents an overnight increase of 8.91%. Solana’s price was under $40 at the beginning of last week, so in the last fortnight SOL has blown up by

The Effect of Coronavirus on the Cryptocurrency Market

Source Node: https://coinrabbit.io/blog/the-effect-of-coronavirus-on-the-cryptocurrency-market/
Time Stamp: December 30, 2020 5:58 AM - Modified On: May 21, 2021 - Published By:
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The year 2020, has been greatly eventful. From threats of a world war, to increased terrorist attacks. A biography on the life of the year 2020, would not only be a bestseller but also an excellent read. However the most significant single event of this year is and has been the coronavirus (COVID-19) pandemic, at its global takeover. From a regular virus, one that was once considered to be not worse than a cold flu, to transition into a global pandemic outbreak. The COVID-19 pandemic has affected every aspect of

Efforce (WOZX): Apple Co-Founder Steve Wozniak’s Cryptocurrency

Source Node: https://www.coinbureau.com/review/efforce-wozx/
Time Stamp: December 12, 2020 10:52 PM - Modified On: May 21, 2021 - Published By:
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Every so often a cryptocurrency is released that makes you a do a double take. Efforce (WOZX) is certainly one of those cryptocurrencies. Efforce was founded by world famous Apple co-founder Steve Wozniak, and WOZX cryptocurrency token went from a price of 10 cents USD to over 3$USD in its first days on the market. In just the first 13 minutes of trading, WOZX had an unrealized market cap of 950 million USD.Although this price action made the headlines both inside and outside of the cryptocurrency space, it seems that

Coinbase‌ ‌to‌ ‌Offer‌‌ ‌Bitcoin-Backed‌‌ ‌‌Loans‌‌ ‌to‌ ‌US‌ ‌Customers | Bitcoin News Summary Aug 17, 2020

Source Node: https://99bitcoins.com/bitcoin-news-summary-aug-17-2020/
Time Stamp: August 17, 2020 1:00 AM - Modified On: May 21, 2021 - Published By:
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 Coinbase will allow U.S. retail customers to borrow fiat loans against as much as 30% of their bitcoin holdings. One of the largest and most regulated crypto exchanges is capping credit lines at $20,000 per customer and offering an interest rate of 8% for bitcoin-backed loans with terms of one year or less. Yam, a DeFi token, suffered a fatal Code flaw which saw about $750,000 worth of tokens get locked up permanently and irretrievably. The project launched on Tuesday and had already accumulated over half a billion Dollars

Gold’s Sharp Rebound After Rout Hints Bitcoin En Route to $12K

Source Node: https://bitcoinist.com/golds-sharp-rebound-after-rout-hints-bitcoin-en-route-to-12k/?utm_source=rss&utm_medium=rss&utm_campaign=golds-sharp-rebound-after-rout-hints-bitcoin-en-route-to-12k
Time Stamp: August 13, 2020 2:01 AM - Modified On: May 21, 2021 - Published By:
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Gold’s sharp rebound after logging its biggest plunge in 7 years left Bitcoin (Symbol: BTCUSD) in a comfortable space. The benchmark cryptocurrency seemingly copied the precious metal’s retracement moves during the Wednesday session. At one point in time, it was trading at $11,148 (data from Coinbase), down 7.76 percent from its weekly top. But it bounced back ahead of the New York session, rising about 4.54 percent from its intraday low. The same happened to gold (Symbol: XAUUSD). The metal plunged by more than 10 percent from its record high

Bitcoin is Almost as Big as Bank of America

Source Node: https://cointelegraph.com/news/bitcoin-is-almost-as-big-as-bank-of-america
Time Stamp: August 8, 2020 11:00 AM - Modified On: May 21, 2021 - Published By:
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All the speculative capital invested in Bitcoin (BTC) at the moment totals just a few billion dollars shy of Bank of America's market valuation.Bitcoin's current market cap sits just over $217 billion, according to Cointelegraph data at press time, while Yahoo Finance shows Bank of America's market cap holding slightly over $226 billion — a comparison introduced in a recent article from The Next Web. Bitcoin's market cap climbing in comparisonAlthough it has endured its fair share of dramatic price fluctuations, Bitcoin's price has grown substantially in 2020, rising past several