This Report will provide you with some important and quick news of cryptocurrencies that happened around the world.
1. Putin Admits Bitcoin Is Valuable
Until recently, the Russian authorities have expressed skepticism about the use of Bitcoin and other cryptocurrencies for financial purposes. The country’s authorities have voiced widespread concern over the country’s instability and lack of transparency serving as an agreeable channel for potential money laundering…[continue reading]
2. Tesla Made A $1 Billion On Its Bitcoin ($BTC) Investment
Tesla, the electric vehicle manufacturer, said earlier this year in a filing with the United States Securities and Exchange Commission (SEC) that it had invested $1.5 billion in bitcoin, the leading cryptocurrency. Despite a subsequent short sale, the investment is now worth $1 billion…[continue reading]
3. Ark Invest Steps Up Efforts To Launch A Bitcoin Futures ETF
Ark Invest’s goal is to make Bitcoin more accessible to the general public by launching Bitcoin futures exchange-traded funds and investing significantly in cryptocurrency goods. Ark Invest, the asset management company established by cryptocurrency enthusiast Cathie Wood, is expanding its cryptocurrency strategy and has now officially given its name to an exchange-traded fund tracking bitcoin futures…[continue reading]
4. Tether Lacked Sufficient Funds To Support USDT Supply
Tether (USDT), the biggest stable coin cryptocurrency, has lately faced a barrage of negative press. Allegations have resurfaced that the stablecoin’s reserves, which are meant to be backed 1:1 by USD, are instead backed by questionable assets that do not equal US dollars…[continue reading]
5. Two Prominent Billionaires Come To Support Bitcoin And ETH
“I hold Bitcoin because the US government and every other nation in the western hemisphere are creating money now and for the foreseeable future,” millionaire Barry Sternlicht said. Following JPMorgan CEO Jamie Dimon’s recent remarks that Bitcoin (BTC) is useless, two prominent billionaires have come to its support – but both argue that Ether (ETH) has some even more desirable qualities…[continue reading]
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