Munger said that Bitcoin doesn’t serve well as a medium of exchange and called it an “artificial substitute for gold”.
Most of the market’s cryptocurrencies have seen a sharp drop in prices, mostly caused by decreasing momentum and traders worldwide taking profits. In fact, the initial downtrend commenced after a miner decided to sell several millions USD worth of bitcoin.
Powell assured that the Federal Reserve will have a public dialogue while proceeding with its CBDC plans.
All the four central banks will be exploring the use of distributed ledger technology (DLT) thereby facilitating “business use cases in a cross-border context using both domestic and foreign currencies.”
After almost an unstoppable market rally this year, crypto markets have finally entered deep red correction with the overall crypto market cap down 15% in just 24-hours.
As the craze around Bitcoin ETF gathers steam, the Swedish Financial regulator FSA has warned investment firms against aggressively selling Bitcoin ETF products to average investors.
During this week of the year, bitcoin has managed to surpass all expectations, thereby breaking the $50,000 mark and settling above this threshold.
This is the first Bitcoin ETF ever launched in the North American market. The stellar debut shows investors interest in ETF-like products built around Bitcoin.
Bitcoin (BTC) and Ethereum (ETH) surge to hit their new all-time highs with a flood of institutional money entering the ecosystem.
NYDIG has filed a fresh application with the U.S. SEC for a Bitcoin ETF while making banking giant Morgan Stanley as an authorized participant.