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Bitcoin’s blistering surge to a staggering $1 trillion total value over recent months has taken many by surprise. The bitcoin price, up around 350% since its bull run began in October, reached highs of almost $60,000 per bitcoin over the weekend before dropping to around $50,000 on Monday. As the bitcoin price swings wildly, the … Read more
A speechwriter for former U.S. President George W. Bush and a bitcoin critic, David Frum has claimed that the low-interest rates are fueling the crypto asset’s rally. Frum suggests that the crypto asset might experience a “fast and deep price crash” if and when interest rates start to rise. Institutional Interest in BTC In comments … Read more
A speechwriter for former U.S. President George W. Bush and a bitcoin critic, David Frum has actually declared that the low-interest rates are sustaining the crypto property’s rally. Frum recommends that the crypto property may experience a “fast and deep price crash” if and when rate of interest begin to increase. Institutional Interest in BTC … Read more
WASHINGTON,February 22, 2021 (Newswire.com) –Fragrance Creators Association provided a statement today from President & CEO Farah K. Ahmed signaling the association’s support for the reintroduction of H.R. 5, The Equality Act, meant to empower all individuals—regardless of sexual preference or gender identity—to pursue their dreams. Passed by the House of Representatives in 2019 with bipartisan … Read more
The president of the Federal Reserve Bank of St. Louis, James Bullard, has shared his view on the future of bitcoin. He is confident that the cryptocurrency poses no threat to the U.S. dollar. Referencing the unpopularity of various versions of dollars issued before the Civil War by banks, Bullard predicts the same fate will … Read more
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; … Read more
While many CFOs dabble with the idea of putting Bitcoin on their balance sheets following the Tesla purchase, Microsoft has no such plans. The giant’s President, Brad Smith, recently refuted any assumptions that the firm could join the growing trend anytime soon. No New Conversations About BTC In Microsoft All eyes are on bitcoin after … Read more
Bitcoin tops $50,000 as it wins more mainstream acceptance LONDON (Reuters) – Bitcoin rose above $50,000 on Tuesday for the first time, adding steam to a rally fuelled by signs that the world’s biggest cryptocurrency is gaining acceptance among mainstream investors and companies. Bitcoin hit a record $50,603 and was last up 0.83% at $48,351. … Read more
Jim Bullard, President of the St. Louis Federal Reserve, has dismissed the value proposition of Bitcoin (BTC) based on some of the oft-quoted advantages claimed by BTC proponents. Speaking to CNBC on Tuesday, Bullard remarked that the Federal Reserve viewed Bitcoin as more of a rival to gold than an actual currency. According to Bullard, … Read more
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