Category: Bitcoin

The Pakistani province of Khyber Pakhtunkhwa, or KP, has formed a federal committee to create a new cryptocurrency policy including government-backed crypto mining. As part of the new policy, the KP Crypto Advisory Committee has already decided to pilot two hydroelectric-powered crypto mining farms, a minister overseeing the policy told Reuters. The committee held its

Hedge fund veteran and billionaire Ray Dalio is warning Bitcoin and gold investors to prepare for potentially large tax changes. In a new LinkedIn article, the Bridgewater Associates founder says he believes US policymakers may begin utilizing the tax code to move capital away from store-of value assets and into debt-based assets as the government

It looks like 2017 called and wants its Bitcoin condemnation back, with a Bank of America analyst reheating some long standing criticisms of BTC for its clients.

Optimism returned across the cryptocurrency market on March 17 following a brighter economic forecast from the U.S. Federal Reserve and comments which hinted at the possibility of an interest rate hike in 2022 if employment and economic indicators continue to improve.  Data from Cointelegraph Markets and TradingView shows that Bitcoin struggled below the $57,000 level during

On-chain data expert Willy Woo says that the recent market correction in Bitcoin was caused by what he sees as misleading data regarding the movement of  $1.1 billion worth of BTC on crypto exchange Gemini. In a new tweet, Woo cites Glassnode’s clarification that the transactions involving billions of dollars worth of BTC were internal,

Institutional banking powerhouse Morgan Stanley seems to have given Bitcoin its nod of approval. Based on fresh intel via an “internal memo”, as reported on by CNBC, Morgan Stanley will give clients access to Bitcoin (BTC) investing, though only under specific conditions.  “The investment bank, a giant in wealth management with $4 trillion in client

Betting on an $80,000 Bitcoin call options for June doesn’t seem outrageous given BTC’s bullish performance over the past few weeks. This was not the case a couple of months ago when BTC peaked at $42,000 on Jan. 8 and subsequently dropped to the $30,000 level.  Bitcoin price, USD. Source: TradingView At that time, a

Select altcoins could move toward new highs if Bitcoin price continues to trade in a tightening range.

Russian President Vladimir Putin has stressed the importance of developing additional measures to fight against illegal cross-border transactions of digital financial assets. Speaking at a board meeting of the General Prosecutor’s office Wednesday, Putin stated that “criminal elements have been increasingly deploying digital financial assets,” which needs special attention from the government. “There is one

It has been 37 days since Tesla announced its $1.5 billion Bitcoin (BTC) purchase in a filing with the United States Securities and Exchange Commission. The exact BTC purchase size was not revealed in the document, but with Bitcoin trading between $29,000 and $37,000 in January, Tesla’s $1.5 billion outlay could mean the company holds