2021June
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Hedgeye: This Model Predicts Bitcoin at $1,000,000
- June 23, 2021
- Posted by:
- Category: Blockchain
No CommentsAnalysts at Hedgeye Risk Management, an investment research and financial media company based in Stamford, Connecticut, have analyzed the Bitcoin stock-to-flow argument. This framework suggests Bitcoin’s price potentially reaching $1 million by the latter half of 2020s, and as much as $10 million per BTC by the 2030s. “First they ignore you, Then they laugh
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Bit Mining Moving 3,000 Bitcoin Mining Machines to Kazakhstan Following China Crackdown
- June 23, 2021
- Posted by:
- Category: Blockchain
Shenzhen-based Bit Mining has started shipping bitcoin mining machines to Kazakhstan as the Chinese government cracks down on bitcoin mining operations in the country. Bit Mining Ltd., a mining company based in Shenzhen, announced Monday that “it had successfully delivered its first batch of mining machines to Kazakhstan.” The company explained that bitcoin mining machines
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Crypto Bears Claw Markets Lower, Bitcoin Price Drops Below $30K, Analysts Still Optimistic
- June 23, 2021
- Posted by:
- Category: Blockchain
The price of bitcoin dropped to a new low in 2021, hitting $28,600 per unit Tuesday morning (EST). BTC has shed more than 10% in value over the last 24 hours and its market capitalization is now less than $600 billion. Bitcoin Price Plunges Below $29K Cryptocurrency markets have seen better days as the entire
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Iran Seizes 7,000 Bitcoin Mining Machines
- June 23, 2021
- Posted by:
- Category: Blockchain
Iranian police have reportedly seized 7,000 bitcoin mining machines operating illegally in the country. The machines were found in an abandoned factory west of the capital. 7,000 cryptocurrency mining machines have been seized by Iranian authorities, state news agency IRNA reported Tuesday, noting that this is Iran’s largest seizure of cryptocurrency mining machines to date.
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As China Cracks Down on Bitcoin Miners, Stealth Miners and Mystery Hashrate Return
- June 23, 2021
- Posted by:
- Category: Blockchain
While on the surface it seems officials from five provinces in China have been cracking down on bitcoin miners, no one is quite sure how much hashrate is moving, which pools are affected, or where these miners will end up. A number of mining pools have seen hashpower percentages decline and Bitcoin’s overall hashrate has
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Privacy Is Key for Successful Digital Euro, Data Protection Body Says
- June 23, 2021
- Posted by:
- Category: Blockchain
The European Data Protection Board (EDPB) has issued a call for EU institutions to uphold privacy when designing a digital version of the euro. The agency is ready to provide advice on data protection matters surrounding the project. Meanwhile, an ECB executive has vowed that the digital euro will protect users’ privacy. EDPB Insists Data
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Salvadoran Representative Introduces Lawsuit Against the Bitcoin Tender Law for Being Unconstitutional
- June 23, 2021
- Posted by:
- Category: Blockchain
Jaime Guevara, a Salvadoran representative, presented a lawsuit against the recently approved bitcoin tender law today. Guevara alleges the law is unconstitutional and brings a series of changes that will cause problems for Salvadorans. Some people suspect Bukele’s regime is behind the representative’s demand due to its inability to applying this novel law. Salvadoran Representative
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Vaneck Files Prospectus With US Regulator to Launch a Bitcoin Mutual Fund
- June 23, 2021
- Posted by:
- Category: Blockchain
On June 21, the wealth manager Vaneck filed a prospectus to launch what it calls a Bitcoin Strategy Fund. The prospectus filed with the U.S. Securities and Exchange Commission (SEC) explains the fund will procure bitcoin exchange-traded products and futures. Vaneck’s Fund Will Invest in Bitcoin Futures and Pooled Investments Tied to the Leading Crypto
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New Bank of America Report Says Digital Currencies ‘Could Boost Economic Growth’ in Developing Countries
- June 23, 2021
- Posted by:
- Category: Blockchain
A new Bank of America (BOA) research study has found that both central bank digital currencies (CBDCs) and private digital currencies hold “a lot of potential” for increasing financial inclusion in developing countries. In the report, the bank also argues that such “digital currencies could reduce transaction costs and allow more economic activities in emerging
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Bank of France, Swiss Crypto Bank Test Securities Settlement Using CBDC
- June 23, 2021
- Posted by:
- Category: Blockchain
The Bank of France has successfully completed an experiment involving the use of CBDC to settle listed securities. The test has been carried out with the help of an alliance of partners led by SEBA Bank, a digital asset banking provider based in the Swiss crypto valley. Central Bank and Crypto Company Conduct Successful CBDC