Bitcoin will be the 21st century’s digital gold – Deutsche Bank analyst
Marion Laboure, a research analyst at Deutsche Bank, believes Bitcoin will eventually take on the role of digital gold, lasting for centuries, enjoying a “first-mover advantage” over other cryptocurrencies and entirely uncontrolled by the government. Laboure claimed she could “possibly see Bitcoin becoming the 21st-century digital gold” in an update to Deutsche Bank’s website on […]
A Yemeni uses crypto donations to provide food for victims of the civil war
A Redditor in Yemen’s capital city of Sana’a claims to be buying food packages for families who have been unable to acquire supplies due to the ongoing civil war, this was made possible due to bitcoin donations he received. According to a Reddit post from user yemenvoice on Sept. 23, the Yemeni has raised almost […]
BTC, ETH and other crypto price drops as China intensifies crypto crackdown
After the Chinese government reiterated its opposition to digital assets, the entire market capitalization of all cryptocurrencies in the industry decreased by over 5% today. The Chinese government stated that “recently, virtual currency trading hype activities have increased, upsetting economic and financial order and fostering unlawful and criminal activities such as gambling, illicit fundraising, fraud, […]
FTX Crypto exchange relocates its headquarters to the Bahamas
One of the largest crypto-derivatives exchange, FTX has relocated its headquarters from Hong Kong to the Bahamas. The move was confirmed by an FTX spokeswoman via email on Monday, following news that FTX Trading Ltd.’s Bahamian subsidiary, (FTX Digital Markets) had been registered as a digital assets business by the Securities Commission of the Bahamas, […]
The Chinese government releases further details about the cryptocurrency ban
The Chinese government has announced further details relating to its ban on cryptocurrencies and also clarifying its stance on cryptocurrency in general. More information about China’s cryptocurrency ban has been disclosed by the government on issues relating to the cryptocurrency ban. “Recently, virtual currency trading hype activities have increased, disturbing economic and financial order and […]