Peter Schiff’s Bank Gets Closed in Puerto Rico

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 […]

4 Big Bullish Signals For Bitcoin

4 pulses

Bullish on bitcoin? You betcha! Appreciating in terms of USD, no doubt. 1 Bitcoin = 1 Bitcoin – always! The USD is still down so much against Bitcoin and not at all the other way around. So, what else is new, right? Well, I’m sure not. I’ve been around the block. Here is a bit […]

Zoltan Pozsar, Bretton Woods III and Bitcoin

Zoltan Pozsar, an analyst at the Swiss financial firm Credit Suisse, published a document in March anticipating frictions between commodity-producing countries and those with currencies backed by “full-faith and credit.” He predicted how a war between countries, such as Russia and Ukraine, would bring down the world monetary system as we know it today. Pozsar […]

Prince Filip Of Serbia: Arab Country Will Adopt Bitcoin

Prince Filip Says 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

postfinance bitcoin

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 […]

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, […]

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

BIS 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 Suing SEC Bitcoin ETF

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 […]

Governments Push CBDCs But Africans Want Bitcoin

CBDC in Africa

A battle is underway in Africa to determine whether its countries will adopt CBDCs or Bitcoin. Many sub-Saharan African central banks are exploring Central Bank Digital Currencies (CBDC) and have stated plans to roll them out in the near future. This comes as government praise for CBDCs is mounting, and the International Monetary Fund (IMF) […]