Month: December 2020

Turkey to Pilot its Central Bank Digital Currency in 2H of 2021

Turkey to Pilot its Central Bank Digital Currency in 2H of 2021

The Central Bank of the Republic of Turkey (CBRT) will roll out a pilot program of national digital currency (CBDC) in the second half of 2021.This was reported on Friday by Turkey’s central bank chief Naci Ağbal. The details of Turkey CBDC project are not yet available. Turkey has never before disclosed CBDC ambitions. The […]

Bitcoin Bull Run Rally Going Down | News

Bitcoin Bull Run Rally Going Down | News

Bitcoin price rally cools down as fresh fallout from Ripple’s threatened lawsuit with the United States Security and Exchange Commission was felt throughout crypto markets. The price dropped below $26,000 on Dec. 29. Prominent crypto strategist and trader Michaël van de Poppe says bitcoin dominance is likely topping out, as the first cryptocurrency gives way […]

Bitcoin Passes $28K and Reaches All-time High on Sunday

Bitcoin Passes $28K and Reaches All-time High on Sunday

Bitcoin price reached $28,365 on Sunday setting a new an all-time high. It is expected the price will continue the positive rally in the short run. In 2020, Bitcoin price more than tripled amid a worsening global pandemic. The positive bitcoin price rally since mid of 2019 so far is the longest such stretch. There […]

Bitcoin Hits $25,000 on Christmas Eve

Bitcoin Hits $25,000 on Christmas Eve

Bitcoin price hit $25,000 in the middle of a hectic trading day in Asia, on December 26. After seting a new all-time high of $25,914.46 Saturday morning, the price has dropped a little. At the time of writing, Bitcoin is trading at $25,725. Many experts say that the current bull run looks much healthier and […]

CBDCs Do Not Possess the Same Advantages as Bitcoin

CBDCs Do Not Possess the Same Advantages as Bitcoin

Vasily Solodkov, a professor at the Higher School of Economics in Russia has told that central bank digital currencies (CBDCs) will not provide many of the advantages of a cryptoasset like bitcoin. “The digital ruble will not have the indisputable advantages of existing cryptoasset as anonymity, cross-border functionality and a finite supply,” he stated speaking […]

FBI’s Strategy for Darknet Investigations Needs Overhaul

FBI’s Strategy for Darknet Investigations Needs Overhaul

Department of Justice’s Office of Inspector General’s audit revealed the FBI’s strategy for dark web investigations is inadequate. The audit found that the Federal Bureau of Investigation doesn’t have an agency-wide dark web strategy.Instead, the FBI relies on three units that focus primarily on dark web activities. The Department of Justice’s Office of Inspector General […]

Bitcoin is As Useless as Fiat Money — Elon Musk

Bitcoin is As Useless as Fiat Money — Elon Musk

SpaceX owner and Tesla CEO Elon Musk said that Bitcoin is as bad as fiat money. He also replaced his Twitter profile to “Former CEO of Dogecoin.” “Bitcoin is almost as bs as fiat money’ Elon Musk twitted on Dec 20. In 2019, Musk completely denied rumors about Tesla getting involved in Bitcoin. Despite some […]

French Crypto Providers Ordered to Reveal Crypto Holders Identity

French Crypto Providers Ordered to Reveal Crypto Holders Identity

The Ministry of the Economy and Finance of France ordered to cryptocurrency providers to reveal the identity of crypto owners to stop and prevent terrorism financing. The Finance Minister of France Bruno Le Maire mentioned an incident that occured in September 2019 when a terrorist unit apparently was financed from anonymous cryptocurrency accounts. The Finance […]

Financial Giants Are Buying Bitcoin — Tyler Winklevoss

Financial Giants Are Buying Bitcoin — Tyler Winklevoss

Gemini exchange co-founders Tyler and Cameron Winklevoss said that more than a handful of traditional financial giants have picked up stacks of Bitcoin throughout this year, including the likes of billionaire Paul Tudor Jones and business intelligence firm MicroStrategy. These investments are part of a flow of big money entrances into BTC. The price of […]

Venezuela to Increase Use of Bitcoin to Pay For Imports

Venezuela to Increase Use of Bitcoin to Pay For Imports

Venezuela plans to increase use of Bitcoin to purchase imports and bypass financial sanctions from the United States. According to insiders from the country’s central bank, “payments to companies from Iran and Turkey have been made using Bitcoin.” It is not clear yet, what Venezuela purchased for cryptocurrency, however, exported to Venezuela from Turkey and […]