Bitcoin vs Bank: Nayib Bukele tells Peter Schiff why banks can’t beat BTC
Peter Schiff bank closure shows why Bitcoin is vital for financial independence, as the nascent asset class has allowed 4 million unbanked in El Salvador to get banking facilities. Since the collapse of his bank in Puerto Rico, Peter Schiff has been the target of criticism from Bitcoin (BTC) supporters who point out that if […]
SBF claims FTX has “Few Billion” for additional bailouts
The CEO of FTX, Sam Bankman-Fried (SBF) discussed the number of financial resources left at his disposal for preventing the collapse of businesses with depleted liquidity in his most recent interview with Reuters. He also set forth his selection criteria for businesses that he believed should be spared. SBF’s Plan of Rescue SBF, the 30-year-old […]
Bloomberg analyst predicts positive Bitcoin comeback in next six months
According to senior commodity strategist at Bloomberg, Mike McGlon, the price of bitcoin may be poised for a bullish rebound this year as the market exhibits characteristics of a market bottom from 2018. Mike McGlone, the senior commodity strategist at Bloomberg, predicts a rise in the price of Bitcoin (BTC) in the second half (2H) […]
WSJ editorial criticizes the SEC’s “bewildering” Denials of Bitcoin ETF
The WSJ editorial board called out Gensler’s two-pronged approach, which makes it difficult to approve a spot Bitcoin product. The Wall Street Journal Editorial Board has blasted Gary Gensler’s “legendary” opposition to the approval of a spot Bitcoin ETF (ETF). The incisive opinion piece, which was published on July 6th, called out the Gensler-led Securities […]
Korea and US concur to exchange Terra-LUNA inquiry data
The two countries have agreed to exchange information on their ongoing investigations into crypto-related cases, including Terra-LUNA. Han Dong-hoon, the justice minister for South Korea, recently visited New York to examine various ways that the two countries may cooperate on investigations into financial crimes, particularly those involving cryptocurrencies. On Tuesday, according to a local daily, […]