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Tether Publishes Breakdown of Reserves Backing the World's Largest Stablecoin
Tether Publishes Breakdown of Reserves Backing the World's Largest Stablecoin
News  -  Business  -  May 12, 2021 by Thomas M

The world's largest stablecoin has had its fair share of media exposure during the latest Bitcoin bull market as critics questioned its backing, even going as far as to allege Bitcoin price manipulation through the use of Tether (USDt). In March, the New York Attorney General's

As Elon Ditches Bitcoin Payments, Bitcoiners Ditch Their Tesla Orders
As Elon Ditches Bitcoin Payments, Bitcoiners Ditch Their Tesla Orders
News  -  Business  -  May 12, 2021 by Thomas M

$10,000 red candles appear less shocking the second time around. And although Bitcoin is on its way to recovery following a near-instant crash to $45,000, the culprit remains the center of attention: Elon Musk, who sent waves of shock, confusion, and outrage through the wider Bitcoin space when

Bursting the Elon Bubble: Why Everybody's Mad At Musk
Bursting the Elon Bubble: Why Everybody's Mad At Musk

There’s blood in the streets, and over the weekend, a hero was slain. The Bitcoin market is on a crazy rollercoaster ride since Tesla chief executive Elon Musk announced in a Tweet on Thursday that the firm would halt Bitcoin payments due to environmental concerns. Since then, a lot

News  -  Bitcoin  -  May 16, 2021
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Bursting the Elon Bubble: Why Everybody's Mad At Musk
Bursting the Elon Bubble: Why Everybody's Mad At Musk

There’s blood in the streets, and over the weekend, a hero was slain. The Bitcoin market is on a crazy rollercoaster ride since Tesla chief executive Elon Musk announced in a Tweet on Thursday that the firm would halt Bitcoin payments due to environmental concerns. Since then, a lot

News  -  Bitcoin  -  May 16, 2021
Tether Publishes Breakdown of Reserves Backing the World's Largest Stablecoin
Tether Publishes Breakdown of Reserves Backing the World's Largest Stablecoin

The world's largest stablecoin has had its fair share of media exposure during the latest Bitcoin bull market as critics questioned its backing, even going as far as to allege Bitcoin price manipulation through the use of Tether (USDt). In March, the New York Attorney General's

News  -  Business  -  May 12, 2021
As Elon Ditches Bitcoin Payments, Bitcoiners Ditch Their Tesla Orders
As Elon Ditches Bitcoin Payments, Bitcoiners Ditch Their Tesla Orders

$10,000 red candles appear less shocking the second time around. And although Bitcoin is on its way to recovery following a near-instant crash to $45,000, the culprit remains the center of attention: Elon Musk, who sent waves of shock, confusion, and outrage through the wider Bitcoin space when

News  -  Business  -  May 12, 2021
Hungary May Cut Cryptocurrency Tax By 50%
Hungary May Cut Cryptocurrency Tax By 50%

Hungary may cut cryptocurrency taxes in half — from 30.5% to 15%. In a Facebook video published today, Hungary's Minister of Finance Mihály Varga addressed plans for the country's economic recovery, which included the consideration of updated taxation around cryptocurrencies. At the moment, income from cryptocurrency

News  -  Economy  -  May 10, 2021
Tokyo Assembly Members Seek 0% Bitcoin Tax in the Japanese Capital
Tokyo Assembly Members Seek 0% Bitcoin Tax in the Japanese Capital

Members of Tomin First no Kai, a ruling party of the Tokyo Metropolitan Assembly, are advocating for a 0% Bitcoin tax in the city as part of their plan to transform Tokyo into a financial hub. As reported by Yahoo last week, assembly member Yu Ito sees Tokyo's

News  -  Politics  -  May 10, 2021
Bitcoin Holders Should Be Prepared to Lose All Their Money: Bank of England Governor
Bitcoin Holders Should Be Prepared to Lose All Their Money: Bank of England Governor

Bank of England Governor Andrew Bailey reiterated his views that cryptocurrencies "have no intrinsic value" and their holders should "be prepared to lose all [their] money." At a press conference on Thursday, Bailey was quoted saying, “they have no intrinsic value. That doesn’t mean to

News  -  Economy  -  May 07, 2021
Kazakhstan Plans Central Bank Digital Currency Pilot
Kazakhstan Plans Central Bank Digital Currency Pilot

Kazakhstan's central bank is considering the issuance of a central bank digital currency (CBDC). A report published by the National Bank of Kazakhstan on Wednesday outlines plans to launch a pilot project for a digital tenge. The pilot would see a two-tier structure, with the National Bank as

News  -  Economy  -  May 05, 2021
E-Commerce Giant Mercado Libre Adds Bitcoin to Balance Sheet
E-Commerce Giant Mercado Libre Adds Bitcoin to Balance Sheet

Argentine e-commerce corporation Mercado Libre has bought $7.8 million worth of bitcoin, as revealed in the firm's Q1 earnings results. Mercado Libre is Latin America's most popular e-commerce platform, counting more than 170 million users in 2016. The decision to buy bitcoin was made in

News  -  Business  -  May 05, 2021
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