Cryptocurrency Analysis and News Portal
South African finance minister Enoch Godongwana has put forward proposals that bar pension funds from investing in cryptocurrencies, and has also set November 12 as the public comment deadline. Cryptocurrencies a Grey Area According to a report by Business Insider SA, Godongwana’s timeframe for the public to comment on the draft
Read More
Bitcoin is witnessing modest profit-booking, but the long-term trend remains
Read More
“I’ve always felt that the environmental argument against cryptocurrencies is weak,” said Scott Eichler, founder and principal at Standing Oak Financial, a Newport Beach, Calif.-based registered investment advisor (RIA). “There’s something to the idea that, in some ways, the energy use gives cryptocurrencies their value, creating a barrier to entry.” Source
Read More
Operation Dark Huntor, a coordinated international effort on three continents to disrupt opioid trafficking on the darknet, has led to the arrests of 150 people. According to the Federal Bureau of Investigation (FBI), the operation has also resulted in the seizure of over $31.6 million in cash and cryptocurrencies. Operation Dark
Read More
Elon Musk’s electric car company, Tesla, has informed the U.S. Securities and Exchange Commission (SEC) in a quarterly filing that it may restart the practice of transacting in cryptocurrencies for its products and services. Tesla suspended accepting bitcoin in May, citing environmental concerns. Tesla May Resume Accepting Bitcoin, SEC Filing Shows Tesla
Read More
Traders are watching to see if BTC’s bounce of the
Read More
Pimco, an asset manager with $2.2 trillion under management, is looking to start trading cryptocurrencies. “We’re trading from a relative value perspective,” the firm’s chief investment officer said. Pimco’s clients include central banks, sovereign wealth funds, public and private pension funds, financial and non-financial corporations, foundations, and endowments. Pimco Getting Into
Read More
As of August, the transfer of ownership of cryptocurrencies between residents and non-residents began to be disclosed by the Central Bank in the “Goods” part of the payments balance, Portal do Bitcoin reported., Cryptocurrencies are considered goods – or, non-financial and produced assets – following the International Monetary Fund’s recommended
Read More
The report, which followed a six-month review of U.S. sanctions against countries with whom it is at odds or suspects of being behind illegal activity, noted that “digital currencies, alternative payment platforms, and new ways of hiding cross-border transactions all potentially reduce the efficacy of American sanctions.” Source
Read More
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has confirmed that he has not been shorting cryptocurrencies, including bitcoin, despite speculations that he may have. His confirmation came after he recently asked how to short crypto. Michael Burry Says He Is Not Shorting Cryptocurrencies Famous investor and founder
Read More