Bank of England Governor Says Bitcoin Investors Could Lose All Their Money

• Andrew Bailey, Bank of England Governor warned people about Bitcoin
• Bailey says that investors should be prepared to lose all their money
• His reasons are that BTC has “no intrinsic value”

Here’s Why Iran is trying to Ban Foreign-mined BitcoinAccording to an announcement shared by a news publication in the country, citizens of Iran will no longer be able to trade with Bitcoin

Citigroup considers crypto amid surge in customer demand on Wall StreetCitigroup (NYSE:C) is reportedly considering offering crypto-related services to its customers in response to rising demand, specifically from asset managers and hedge funds.

The financial services firm’s global head of foreign exchange, Itay Tuchman, told the Financial T…[Read more]

Blockchain tech has a solution to secure your email
The global COVID-19 pandemic has definitely created a clear delineation of remote work: The reliability of a company lies in its email service provider for all forms of communication.

Let’s start with the origin of email. Email has been around for more than 50 years and is a formal channel of c…[Read more]

‘Unprecedented capital inflows into Bitcoin’ remove 12K BTC from Coinbase in an hour
Another day, another spike in Bitcoin (BTC) leaving major exchange Coinbase as funds pour into the largest cryptocurrency.

Data from on-chain monitoring resource Glassnode showed 12,354 BTC ($694 million) being withdrawn from the Coinbase order book in a sin…[Read more]

Bitcoin Could Be Getting Ready to Jump Again, Analysts SayBitcoin – the world’s biggest and most popular cryptocurrency by market cap – is shooting back up. At the time of writing, the asset is trading for just over $57,000. This is a huge improvement over the $54,000 it was at a few days ago and the $49,000 per unit it was stuck at early…[Read more]

Bank of England governor issues crypto investment warning
Andrew Bailey, governor of the Bank of England, has warned crypto investors of the dangers of participating in the market.

Speaking during a conference on Thursday, Bailey balked at the notion of “cryptocurrencies,” stating that “crypto assets” was a more suitable nomenclature for describ…[Read more]

What are the chances BTC is actually overtaken by another crypto?When the famous Satoshi Nakamoto first designed his masterpiece, few could possibly have imagined the almost $63,500 peak that sent investors into a frenzy. Even these days, the first-ever cryptocurrency’s price feels hard to believe at times and investors might be pinching t…[Read more]

Art reimagined: NFTs are changing the collectibles marketArt has been serving as the ultimate source of inspiration to many people throughout all of history. In the era of cryptocurrencies and the digitized world, trends change faster than ever. For years, numerous artists have tried stepping into rapidly advancing playgrounds and grabbing their…[Read more]

Cardano breaks out vs. Bitcoin as ADA price discovery nears $2ADA, the native token of the Cardano smart contract platform, has joined the altcoins hitting new all-time highs this week.

DOGE as internet money? TikTokers and sports fans see a use case for DogecoinIn recent weeks, it has been hard to get through a day without running into a headline, or 50, referencing Dogecoin (DOGE). The meme cryptocurrency has seen its price appreciate exponentially on the heels of a series of celebrity endorsements, including billionaire Mark…[Read more]

As Bitcoin’s payment options grow, BTC true future role up for debateIn an August 2020 paper “Is bitcoin money?” Peter Hazlett and William Luther wrote that there exists only “a small corner of the internet where transactions are routinely conducted with Bitcoin serving as the medium of exchange.” But that corner may be growing into a room, or…[Read more]

$85 million ‘Meebits’ NFT project exploited; attacker nabs $700,000 collectibleLegendary NFT developers Larva Labs were the victims of an exploit this morning, as an attacker found a way to mint a rare NFT worth over $700,000 from the “Meebits” collection.

The attacker, 0xNietzsche, teased the exploit on Twitter this morning, saying he anticip…[Read more]

Where in the World Are the Best Valuations?On Behind the Markets, a podcast brought to you by Jeremy Schwartz, WisdomTree Global Head of Research, we talk to market strategists, business executives and financial advisors about important trends underpinning the financial markets. In this episode, Jeremy talks to Sailesh Radha, co-founder and chief…[Read more]

Suriname bondholders threaten to reinstate payments over IMF agreementSuriname Eurobond creditors accused the government on Friday of breaching its obligation of negotiating its debt overhaul in good faith and threatened to reinstate payments they previously agreed to defer.

Will Oil Surge To Reach $80 This Summer?The world’s third-largest oil importer, India, is currently the coronavirus hotspot. It has recently hit staggering record-breaking numbers of new daily COVID-19 cases, a statistic that dented oil demand and pressured the oil prices. OPEC+, out of its necessity, has now intervened in the oil market on the s…[Read more]

Elon Musk scales back Dogecoin hype while DOGE price rebounds 23%Hours ahead of Elon Musk’s appearance on Saturday Night Live, the Tesla (NASDAQ:TSLA) CEO appeared intent on cooling the flurry of hype he had created around the meme cryptocurrency Dogecoin (DOGE).

Oil Gains for 2nd Week, But Prices Range-Bound AgainOil put in a second week of gains as crude prices reentered range-bound trading on Friday on concerns about slowing U.S. jobs growth and the Covid situation in No. 3 energy consuming nation India.

Gold Has Best Week Since October on U.S. Payrolls ShockGold had its best week in six months as shockingly low U.S. payrolls numbers for April, coupled with the yellow metal’s belated catch up to inflationary trends, gave it a gain 3.5% on the week.

Exclusive: U.S. Justice Department probing Kabbage, fintechs over PPP loan calculations – sourcesThe U.S. Department of Justice is investigating whether financial technology companies including Atlanta-based Kabbage Inc may have erred while distributing billions of dollars in pandemic aid to struggling small businesses, three people with knowledge…[Read more]