Peter Schiff’s Bank Gets Closed in Puerto Rico
The Euro Pacific International Bank, founded by well-known American stockbroker and Bitcoin critic Peter Schiff, was instructed to halt its activities by regulators in Puerto Rico. Schiff has responded to the news on Twitter by stating that there is no proof of any wrongdoing. The bank reportedly had overall accumulated losses of nearly $4 million, having reached […]
Bank of America is Bullish on Bitcoin
Bank of America is leaning bullish on Bitcoin after it recently shared an optimistic bitcoin chart in its June 2022 global research report. The chart depicts bitcoin surviving numerous crashes over the years, rallying each time to an all time high. Bitcoin has been called a bubble by several crypto critics, including Warren Buffett and […]
Prince Filip Of Serbia: Arab Country Will Adopt Bitcoin
Prince Filip Karadjordjevic of Serbia and Yugoslavia recently said that an Arab country might adopt Bitcoin a lot sooner than the world expects. According to Prince Filip, the Middle Eastern monarchies have a “sound financial system,” but they don’t have a “sound money” to go with it. He believes that these regions will soon recognize […]
Swiss Post Office Launches Bitcoin Vaults
The Swiss Post Office is the newest authority to embrace bitcoin (BTC) as it has confirmed in an announcement the debut of Bitcoin Vaults. Despite bitcoin being significantly low from its all-time high noted in the month of November last year, the banking arm of the Swiss Post Office, PostFinance, plans “to grant customers access […]
How Dave Portnoy Became A Bitcoin Maximalist
Founder of Barstool Sports and rookie stock market trader Dave Portnoy said in a statement that he “would not buy anything but bitcoin.” Many have speculated about Bitcoin’s importance in the greater ecosystem, to eventually change their minds and capitulate. Portnoy has become another juggernaut in the world as the founder of a growing media […]
El Salvador Bought 80 Bitcoin at $19,000
El Salvador has once again made an extremely bullish move by adding 80 more bitcoin to its holding. The 80 bitcoin were purchased at an average price of $19,000, as per the Twitter post from Nayib Bukele, the president of the Central American country. El Salvador, after adopting bitcoin as legal tender in September 2021, […]
54 Million Brazilians Now Able To Buy Bitcoin On Nubank
Bitcoin enthusiasts can now purchase bitcoin (BTC) via Brazilian Nubank, one of the world’s largest online banks. This will give around 54 million users and more than 1 million companies the option to transfer funds using the blockchain-based currency. The online bank has introduced Nubank Cripto, the “new Nu app solution” and with the launch, […]
Chamath: Bitcoin Should Be Regulated Security
Sri Lankan-born Canadian and American venture capitalist Chamath Palihapitiya stated that Bitcoin (BTC) should be “regulated as a security.” Palihapitiya broke down his opinion of how Bitcoin is a security rather than a commodity in the 85th episode of the All-In Podcast. Chamath joins this weekly show with Jason Calacanis, David Sacks & David Friedberg […]
BIS Wants Banks To Hold 1% Of Reserves In Bitcoin
The Bank for International Settlements (BIS) decided to grant commercial banks to officially hold bitcoin. BIS plans to capitalize on the popularity of Bitcoin (BTC) despite the market being bearish for the past few weeks and has approved banks to hold up to 1% of reserves in Bitcoin. On June 30, BIS’s Basel Committee on […]
Grayscale Sues the SEC After Bitcoin ETF Blocked
Grayscale, a global digital asset management firm, and the entire investment community were waiting for the United States Securities and Exchange Commission (SEC) to decide on whether it would approve the company for the conversion of $GBTC into a Bitcoin spot ETF. The U.S. SEC finally decided to reject the October 2021-filed BTC spot ETF […]
