IMF urges El Salvador to remove Bitcoin’s status as legal tender

The International Monetary Fund on Tuesday recommended El Salvador drop Bitcoin’s status as legal tender in the country. The post IMF urges El Salvador to remove Bitcoin’s status as legal tender appeared first on CryptoSlate. дальше »

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El Salvador’s Alliance With Bitcoin (BTC) Is Making IMF Nervous

A former member of the U.S. intelligence community has suggested that El Salvador’s decision to use Bitcoin as legal tender is causing jitters inside the International Monetary Fund (IMF). Edward Snowden quote-tweeted an Agence France-Presse (AFP) tweet stating that the IMF had urged El Salvador to remove Bitcoin as legal tender, with the quip, “SomebodyRead More дальше »

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Does the IMF have beef with Bitcoin? Jack Mallers gives his take

Strike CEO, Jack Mallers gave a presentation to the International Monetary Fund (IMF) regarding the Bitcoin Lightning Network and its potential to open up cross-border payments. The post Does the IMF have beef with Bitcoin? Jack Mallers gives his take appeared first on CryptoSlate. дальше »

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El Salvador’s Bitcoin Use Adds To Its Risk Portfolio, Says Top Credit Rating Firm

El Salvador’s bitcoin adoption could make it difficult for the country to access international loans. Its actions could hurt its chances of obtaining international loans.   The country’s policy has been aggressive and attracted a lot of detractors. дальше »

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Indian INX exchange reportedly plans to list Bitcoin futures ETF

The India International Exchange is reportedly looking to explore digital asset-based products despite local uncertainty.

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Bitcoin ‘death cross’ watch. What could the technical omen portend?

The price of Bitcoin fought its way up 2. 9% during the past 24-hours, while general market sentiment remains in the zone of ‘extreme fear. ’ To give this sentiment some wider context–the announcement of the Federal Reserve planning to raise interest rates to curb inflation came accompanied by the International Monetary Fund (IMF) warning about a […] The post Bitcoin ‘death cross’ watch. дальше »

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IMF Finally Admits Bitcoin Has Evolved Into An Integral Part Of The Digital Asset Revolution, But Highlights New Risks

The International Monetary Fund thinks Bitcoin and cryptocurrencies have come to the fore of financial markets. Despite being an integral part of the revolution, the fund highlights key risks that the asset class poses to the economy. дальше »

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Crypto gift card marketplace Bitrefill adds support for Saudi Arabia

Bitrefill, a crypto gift card marketplace, announced today it has integrated 73 new and popular gift cards for the best local and international brands in Saudi Arabia. Users in Saudi Arabia can now pay with bitcoin, litecoin, ether, USDT, and other tokens on gift cards including: Noon Amazon STC Careem Lulu Hypermarkets Tamimi Markets Nahdi […] The post Crypto gift card marketplace Bitrefill adds support for Saudi Arabia appeared first on CryptoNinjas. дальше »

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The IMF: Global Regulation, Licensing For Bitcoin, And Capital Requirements

A recent blog post from the International Monetary Fund appears to show their distaste for cryptocurrencies and lack of education in this sector. дальше »

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Easy Crypto - Vault Digital Funds bring Bitcoin to the mainstream

Janine Grainger is the CEO and co-founder of Easy Crypto, a New Zealand-based digital currency retailer, and Vault International Bitcoin Fund (VIBF) a New Zealand-based Portfolio Investment Entity (PIE) Fund that provides investors with exposure to offshore listed Bitcoin funds and ETFs. дальше »

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How Bitcoin Fixes The Old World Bureaucracy Of Payments

How one man’s journey to receive international payment revealed the bloated bureaucracy of our financial system and the solution offered by Bitcoin. дальше »

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Bitcoin Adoption: El Salvador’s Ambassador To The US Says America Is Only Concerned About Losing Its Power

El Salvador’s ambassador to the US has stated that America and international organizations are not happy with the country’s decision to adopt Bitcoin as legal tender. The ambassador highlighted the successes of the Bitcoin operation and remains bullish for the future. дальше »

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International Fair Design Miami To Accept Bitcoin Payments For Artworks

Fairgoers will be able to buy selected objects with bitcoin through Coinbase, Design Miami said. дальше »

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IMF Issues Fresh Warning To El Salvador Over Bitcoin Adoption But President Bukele Focuses On The Positives

The International Monetary Fund has issued new warnings to El Salvador over its full-scale adoption of Bitcoin as legal tender. The Fund’s report highlighted that El Salvador’s economy has bounced back from the lows of the pandemic and is experiencing a wave of prosperity. дальше »

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El Salvador's President Nayib Bukele To Speak At Bitcoin 2022 Conference

Bukele will share his experience in pursuing a Bitcoin standard while challenging the assumptions of international bodies. дальше »

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StackSwap Completes $1.3 Million Round To Implement The World’s First DEX On Top Of The Bitcoin Network

StackSwap’s plans to launch the first decentralized exchange on the Bitcoin network just finished their first private round. After raising $1. 3 million, with a leading investment from the Stacks Foundation, and major international investors such as HashKey, Genesis Block Ventures (GBV), and SOSV, the project is set to launch in November. дальше »

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IMF Loan Not Threatened by Salvadoran Bitcoin Adoption, Says Central Banker

El Salvador’s adoption of Bitcoin will not threaten its $1.3 billion loan agreement with the International Monetary Fund, the country’s central bank president said. The post IMF Loan Not Threatened by Salvadoran Bitcoin Adoption, Says Central Banker appeared first on BeInCrypto. дальше »

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JPMorgan’s Dimon Believes Bitcoin Can Hit $400k, But Still Thinks It “Worthless” — Why?

JPMorgan’s Jamie Dimon has maintained that he sees no value in the world’s largest cryptocurrency. Speaking on Monday during the annual membership virtual meeting at the Institute of International Finance conference, the American billionaire reiterated his earlier statements on Bitcoin, arguing that it was just a matter of time before the currency came crumbling to […] дальше »

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Here’s What The IMF Has In Store For Mainstream Crypto Adoption

The IMF has warned of the impending risks associated with the crypto boom. The international financial body has called for increased crypto regulation to maintain financial stability. The IMF had criticized El Salvador’s decision to adopt bitcoin as a legal tender, citing the impact that it could have upon the debt ridden nation. The International […] дальше »

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IMF Managing Director on Bitcoin - 'Difficult to think of them as...'

It's a well-known fact that the International Monetary Fund has a rocky relationship with cryptocurrencies. This became clear as El Salvador moved towards making Bitcoin legal tender. The IMF put out The post IMF Managing Director on Bitcoin - 'Difficult to think of them as...' appeared first on AMBCrypto. дальше »

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Between Evergrande and El Salvador, Bitcoin sees $15M in inflows

On one side of the world, the Evergrande crisis has given birth to tremors that may have yet more impact on the international crypto-sector. On the other side, El Salvador's Bukele has gleefully annouThe post Between Evergrande and El Salvador, Bitcoin sees $15M in inflows appeared first on AMBCrypto. дальше »

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Busting Ten Myths About El Salvador And Bitcoin

With the international attention on El Salvador’s historic adoption of Bitcoin, some critical myths have emerged that are in need of busting. дальше »

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El Salvador’s Bitcoin Journey Kicks Off With A Bummer, BTC Price Crashes

The struggles associated with turning Bitcoin into El Salvador’s legal tender has not been easy. There’s a general state of uncertainty in the nation with street protests, arrests of critics by police with no charge, and reprimands from international bodies. дальше »

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Standard Chartered Takes More Bullish Stance On Ethereum Than Bitcoin, Predicts ETH At $35,000

Ethereum is highly likely to increase 10x from its current price range compared to Bitcoin’s likelihood of increasing by only 3x, according to a new crypto report by European international banking giant Standard Chartered. дальше »

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Crypto Exchange FTX Buys LedgerX, How They Will Move Into The Derivatives Sector

Crypto exchange FTX and its U. S. -based affiliate FTX. US continue to expand in and beyond the space. CEO of FTX International Sam Bankman Fried confirmed that the platform acquired Bitcoin and Ethereum derivatives exchange LedgerX. дальше »

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“Bitcoin Is About To Make Fiat Institutions Like The IMF Obsolete,” Says Market Analysts

The cryptocurrency industry’s growth has drawn a lot of attention, especially in 2021. Commentators in government at the international and national levels have had to express their stance on the industry and in particular, Bitcoin – which is the largest cryptocurrency by market valuation as well as the pioneer cryptocurrency. дальше »

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IMF releases Bitcoin (BTC) ‘risk’ warning… again

Bitcoin (BTC), the world’s largest cryptocurrency, is getting adopted as a legal tender in El Salvador in eight days but as the Central American country goes through its final days of preparation, being eagerly observed by other countries, some of which are considering to follow in its footsteps, the International Monetary Fund (IMF) refreshes its […] The post IMF releases Bitcoin (BTC) ‘risk’ warning… again appeared first on CryptoSlate. дальше »

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What do IMF's concerns about Bitcoin being an 'inadvisable shortcut' actually reveal

The growing popularity of Bitcoin has resulted in many countries adopting the digital asset and the International Monetary Fund [IMF] has not been happy with it. The Washington DC based organization oThe post What do IMF's concerns about Bitcoin being an 'inadvisable shortcut' actually reveal appeared first on AMBCrypto. дальше »

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Making Bitcoin A National Currency is An “Inadvisable Shortcut,” says IMF

The International Monetary Fund (IMF) took to Twitter to argue against adopting Bitcoin as a legal tender over the weekend. The Twitter post from IMF reads, “Privately issued cryptoassets like Bitcoin come with substantial risks. дальше »

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Elliott Wave Expert Sees “Greater Price Appreciation Unfolding” In Bitcoin

Bitcoin price is flirting with resistance at $50,000. The first attempt has led to a short-term rejection, but the king of cryptocurrency appears determined as ever. According to Elliott Wave International’s resident crypto expert Tony Carrion, there are plenty of signs that suggest “greater price appreciation” is “unfolding” across the crypto market. If he’s correct, […] дальше »

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PHILIPP PLEIN becomes the first fashion group to accept crypto payments

Swiss-based luxury fashion group PHILIPP PLEIN International AG has started accepting cryptocurrencies as payment for its products. The brand now supports payments in 15 cryptocurrencies, including Bitcoin (BTC/USD) and Ethereum (ETH/USD). дальше »

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MicroStrategy Secures A Whopping $1.4 Billion In Bitcoin Gains – Not Dumping Anytime Soon

A strong advocate for Bitcoin, Michael Saylor, has restated his bullish stance on the cryptocurrency calling it an open-digital property network, an international trust network as well as the only asset his company, MicroStrategy, needs to have a diversified investment for the long term. дальше »

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Bitcoin Banning China Starts Falling Out of Favor, Crypto Booming India Brought In

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Aljazeera Vs. El Salvador’s Bitcoin Law: The Good, The Bad, And The Ugly

It’s time to turn our heads to the Arabic world. How does the Qatar-based international news station Aljazeera sees El Salvador’s Bitcoin Law? Are they as lost as western media or can they handle themselves in the cryptocurrency space? Well, their journalistic report is balanced and complete. дальше »

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MTI Investors Urged to Ignore Fake Bitcoin Recovery Offers

Beleaguered Mirror Trading International (MTI) investors have been told to ignore unsolicited offers from individuals claiming to have the ability to trace and recover their missing bitcoins. This warning from the court-appointed liquidators was made after reports emerged that several MTI investors had received such bogus offers from individuals claiming to be agents for cryptocurrency […] дальше »

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$2 Trillion Asset Manager, Capital International Group Buys 12% Of Microstrategy

With 105,084 BTC on its books, MicroStrategy is by far the largest business Bitcoin holder on the planet. More than 111,000 BTC are held by entities controlled by Michael Saylor. Capital International Group Acquires Part Of Microstrategy According to SEC filings, Capital International Group, a $2. дальше »

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Why Capital International’s $600M Investment In MicroStrategy Matters To Bitcoin

Capital International’s strategic investment in one of the most talked-about companies of the year shouldn’t raise any eyebrows. However, when said company is pursuing a never-before-seen strategy using a highly experimental digital asset, the world watches. дальше »

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Capital International Buys Nearly 1 Million Shares of Bitcoin-Focused Microstrategy

Major asset management firm Capital International has gained exposure to bitcoin through investing in almost 1 million shares of Microstrategy which now holds more than 100K bitcoins. Capital International Investors (CII) informed the SEC in a filing dated July 12 that it has purchased shares of Microstrategy’s Class A common stock (MSTR). The filing states: […] дальше »

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$400B Fund Manager Becomes 2nd Largest MicroStrategy Shareholder with 12.2% Stake

With $400 billion in assets under management, Capital International has bought a $600 million stake in publicly traded business intelligence company MicroStrategy, which is heavily involved in Bitcoin. дальше »

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High-End Hotels Group Pavilions to Accept Payments in Bitcoin (BTC), Ether (ETH), Other Cryptos

High-end hotels group – The Pavilions Hotels & Resorts – recently announced it would begin accepting cryptocurrencies for booking accommodations. Support for More than 40 Cryptocurrencies In a press release issued on July 6, London-based luxury hotel group Pavilions said it had enhanced its guest experiences by becoming the first international boutique hotel group toRead More дальше »

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South African Court Grants Final Liquidation Order Against the ‘Biggest Cryptocurrency Scam in 2020’

A South African judge, Justice Alma de Wet, has ruled in favor of granting a final liquidation order against Mirror Trading International (MTI), the country’s biggest bitcoin scam in the past year. дальше »

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Chinese Mining Exodus Leads to ASIC and GPU Second-Market Surplus and Lower Prices

While bitcoin miners in China have been scrambling, second-hand markets offering cryptocurrency mining rigs from ASICs to GPUs have been exploding with an excess surplus. Additionally, the ASIC manufacturer Bitmain suspended machine sales on Wednesday, ceasing international spot deliveries. дальше »

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69,000 Bitcoin worth $3.6 Billion Lost in South African Crypto Scam

It is suspected to be a money-laundering operation for international players. While South Africa’s FSCA is looking into Africrypt, they don't have jurisdiction as crypto assets are not legally considered financial products. дальше »

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BIS Makes the Case for Central Bank Digital Currencies Against Crypto Like Bitcoin

The Bank for International Settlements (BIS) has doubled down on its support for central bank digital currencies (CBDCs). Several countries around the work are examining the case for introducing wholesale or retail digital currencies to complement their fiat currencies. дальше »

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Over 3 Metric Tons Of Bitcoin Mining Rigs Airlifted Out Of China

Earlier today, a logistics firm confirmed to CNBC that it is airlifting 3,000kg of bitcoin mining machines to Maryland, USA. The firm which is located in Guangzhou is a logistics company that offers international shipping to door delivery. дальше »

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Co-Owner of Mirror Trading International Opposes Plans to Liquidate the Bitcoin Scam Outfit

In the latest twist to the Mirror Trading International liquidation saga, Clynton Marks, a co-owner of the bitcoin Ponzi outfit, has opposed attempts to have a court grant a final liquidation order. Marks, who reportedly owned 50% of MTI, argues that the liquidation application was “premature” and that liquidators may “not have the members’ best […] дальше »

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World Bank Snubs El Salvador’s Request For Help With Integrating Bitcoin

The World Bank has rejected a request from El Salvador for assistance with its Bitcoin adoption plans, reports Reuters. The World Bank, an international financial institution that offers loans and grants to low-income countries, on Wednesday cited “environmental and transparency shortcomings” of Bitcoin as the reason for its turning down the request from El Salvador […] дальше »

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BIS Official Insists Bitcoin Fails Means of Payment Test, Calls El Salvador’s BTC Law ‘Interesting Experiment’

An official at the Bank for International Settlements (BIS) and former member of the executive board of the European Central Bank (ECB), Benoit Coeure, insists that bitcoin has not passed the test of being a means of payment. дальше »

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El Salvador’s Legal Bitcoin Tender Could Have Grave Repercussions, IMF Warns

The International Monetary Fund (IMF) has responded with criticism to El Salvador’s decision to adopt bitcoin as a legal tender, saying that the move will likely lead to unforeseen economic risks and regulatory complications. дальше »

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IMF Calls for ‘Careful Analysis’ of Bitcoin as Legal Tender; BIS Head says It’s an ‘Interesting Experiment’

The International Monetary Fund (IMF) has voiced its displeasure on El Salvador’s move to become the first country in the world to adopt Bitcoin as legal tender. The law puts Bitcoin on equal footing with the US dollar in the country, which adopted the dollar as its official currency 20 years ago. дальше »

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