Saying more than half of El Salvador’s businesses are funded by loan sharks, the government of El Salvador plans to offer $10 million in bitcoin-backed loans. President Nayin Bukele’s strategy of making bitcoin a legal tender in the country and buying tens of millions of...
Bitcoin has transformed from a cryptocurrency into a store of value on par with gold as an inflation hedge. So said Wall Street and institutional investors diving into BTC and the broader crypto market in 2021 — Gold 2.0. It’s a narrative many in the...
The Securities and Exchange Commission has shot down Anthony Scaramucci’s proposal for a bitcoin investment fund over the risk posed to investors, Politico reported Thursday (Jan. 20). Scaramucci is a financier and, for 10 days in 2017, was the communications director for former President Donald...
Erik Thedéen, a leading European Union financial regulator, thinks the EU should ban the system used to mine bitcoin due to energy use concerns, according to a Financial Times report Wednesday (Jan. 19). Thedéen, speaking with the media outlet, said there should be a ban...
Cryptocurrency technology company Rhodium Enterprises will be the first initial public offering (IPO) for the crypto industry this year, according to a Tuesday (Jan. 18) Cointelegraph report. Rhodium will offer 7.69 million shares at $12 to $14 each, with a valuation almost at $1.7 billion....
As more bitcoin mining moves to the U.S., Texas-based Rhodium Enterprises is asking cryptocurrency supporters to bet $1.7 billion on a liquid-cooled, solar- and wind-powered operation that will mine more BTC while creating less pollution. In an S-1 filing with the Securities and Exchange Commission...
Fidelity Digital Assets published a report on crypto trends and their possible impacts earlier this month, including musings on the adoption of crypto by world governments. The report posits that countries that embrace bitcoin might end up better off in the long run. On Monday...
Crypto miners scheduled to go public will probably face some adversity in the next few months as bitcoin sees its price fall, according to a Friday (Jan. 14) CoinDesk report. The drop in crypto prices could affect Core Scientific, which wants to go public through...
Bitcoin put option demand seems to be waning as a U.S. inflation report approaches, which could make the case for faster liquidity withdrawal by the Federal Reserve, CoinDesk reported Wednesday (Jan. 12). That could show investors not as inclined to seek protection against the crypto’s...