BNB Price Crash To $5 Unlikely Despite Binance Critic’s Dire Predictions
A Binance critic, “Whale Wire,” on X, who also claims to be a crypto whale, has issued a bold prediction that BNB, the native
Read More
Critics
Thailand delays digital money handout, critics call for probe
Thailand’s planned digital wallet scheme, which intends to payout 10,000 baht (~$274) to citizens over 16 years old, has been delayed, while critics call for a probe from the country’s electoral commission.As originally reported by the Bangkok Post, Thailand’s deputy finance minister, Julapun Amornvivat, announced that the planned February 2024 launch
Read More
Pond0x DEX claims $100M in trading volume as critics allege it’s a scam
The Pond0X decentralized exchange (DEX) has reached more than $100 million in total trading volume, according to a September 28 social media post from its official channel. Investors previously lost over $2 million in the launch of the exchange’s native token, PNDX, when the coin turned out to have a
Read More
Will US Treasury proposals kill defi? Critics blast new crypto bill
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The US Treasury Department recently revealed a proposal outlining new tax rules for the cryptocurrency industry. Among the updates is the introduction of a 1099 form for crypto transactions. The new guidelines also clarify tax
Read More
‘I give it six to eight weeks’ — Critics warn friend.tech hype won’t last
Friend.tech, a new decentralized social media (DeSo) app, has rapidly become one of the hottest new things in crypto, with over 64,000 new users and more than 24,000 ETH in trading volume since its beta version launch of Aug. 11. While many crypto industry heavyweights have praised the app for bringing
Read More
US Presidential Candidate Defends Bitcoin, Calls Out Environmental Critics
For an industry that rarely gets mainstream political support, Bitcoin recently received a massive endorsement after Democratic Presidential candidate Robert F. Kennedy spoke out in support of the cryptocurrency. According to RFK, arguments against adopting Bitcoin due to perceived environmental impact are merely a cover to curtail financial freedom. Responding to
Read More
Will Biden’s plan to tax crypto mining reduce emissions? Critics say no
Cryptocurrency miners based in the United States could soon face a tax equal to 30% of the cost of electricity they use if President Joe Biden’s proposed budget for the fiscal year 2024 is approved by Congress, but the proposal has sparked debate about whether it would actually decrease global
Read More
‘You Need Bitcoin’ — Critics Insist BTC Is Too Volatile – Featured Bitcoin News
Micheal Saylor, the founder of Microstrategy, has told people living in inflation-stricken Argentina that they now “need bitcoin.” While many bitcoiners have welcomed Saylor’s suggestion, a few critics have said the top crypto asset’s volatility makes it an unsuitable alternative for the faltering local currency. The Dollarization Option As the Argentinian
Read More
BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs – Featured Bitcoin News
During the weekend, discussions about central bank digital currencies, or CBDCs, trended on social media as many people believe the idea will result in increased financial surveillance and a totalitarian monetary system. In a recent interview, Lynette Zang, the chief market analyst at ITM Trading, warned that CBDCs will “take
Read More
Critics Call Warren’s Silvergate Take ‘Terribly Misinformed,’ SVB Collapses, Vitalik’s Token Sell-Off Moves Markets, and More — Week in Review – The Weekly Bitcoin News
It’s been a turbulent week in finance with the so-called crypto-friendly Silvergate Bank announcing its liquidation, U.S. Senator Elizabeth Warren blaming the event on “crypto risk,” and individuals on social media pointing out that Warren is “terribly misinformed.” Additionally, U.S. Regulators closed Silicon Valley Bank after reports of a bank
Read More