• markets report bitcoin price
    Bitcoin,  Markets Report

    Markets Report: Bitcoin bulls lie in wait as ‘New Era’ for adoption begins

    This week has been a landmark for institutional Bitcoin moves, say analysts, but price has yet to reflect their excitement

    “Morgan Stanley’s announcement to offer bitcoin to their clients ($5T) in April ushers in a new era,” Eric Weiss, CEO of Bitcoin Investment Group, concluded. “A tidal wave of money is about to flow into bitcoin. Every major bank will follow. Nothing will ever be the same.”

  • digital dollar private sector powell
    Cryptocurrencies,  Politics,  Regulation,  Technology

    Building digital dollar requires private sector’s help: Fed Chairman

    Jerome Powell told an international financial conference that ‘the private sector has the experience and expertise’ needed to help build digital currencies

    The chairman of the Federal Reserve said today that the U.S. government will have to work with private firms to improve the way money is moved around the world. Speaking via video at a Bank for International Settlement (BIS) conference in Basel, Switzerland on March 18, Jerome Powell acknowledged that the current system of cross-border payments needs to be improved and digitalized. He said: “The COVID crisis as brought into even sharper focus the need to address the limitations of our current arrangements for cross-border payments.” It has, he said, “shined a light on the less efficient areas of our current payment system and accelerated the desire for improvement and digitalization.” A key…

  • Bitcoin trashed Bank of America Investopedia
    Bitcoin,  Cryptocurrencies

    On heels of Morgan Stanley boost, BTC trashed by Bank of America, Investopedia

    BoA analysts say Bitcoin is ‘impractical as a store of wealth,’ while an Investopedia investors survey finds 62% believe it is in a price bubble

    According to financial news site The Street, BoA analysts on March 17 called Bitcoin “impractical as a store of wealth or payments mechanism,” adding, that there is no good reason to invest in Bitcoin “unless you see the price going up.” Beyond that, Investopedia editor-in-chief Caleb Silver said a survey showed the only bubble investors are worried about is Bitcoin.

  • Pakistan province mining crypto
    Cryptocurrencies,  Uncategorized

    Pakistan province to start mining crypto

    Well ahead of the national government in regulating crypto, authorities in Khyber Pakhtunkhwa plan to build two hydro-powered crypto mining farms

    In December 2020, local media reported that Khyber Pakhtunkhwa authorities legalized crypto assets and cryptocurrency mining—putting the province well ahead of he national government, where crypto assets currently reside in a grey area.