Search Results for: Bitcoin

South African Central Bank Now Considers Cryptocurrency to Be a Financial Asset

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The deputy governor of the South African Reserve Bank (SARB) recently said the institution has changed its position on cryptocurrency, and now regards it to be a financial asset which must be regulated as such. The SARB expects to have a…

Robert Kiyosaki Says in Cash Position Waiting to Buy Bitcoin — Asset Prices Are Crashing, ‘Greatest Sale on Earth’ Incoming

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The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has advised investors not to miss “the greatest sale on earth.” He said asset prices are crashing and indicated that he is waiting in cash position to pick…

‘Unprecedented Opportunities’ — Cleanspark Acquires 1,061 Bitcoin Miners at a ‘Discounted Price’

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On Thursday, the publicly-listed bitcoin mining firm Cleanspark announced that it added 93 petahash per second (PH/s) of hashpower to the company’s existing operations by acquiring 1,061 Whatsminer M30S bitcoin mining rigs. The latest ASIC acquisition follows Cleanspark’s recent purchase contract…

Why Migrants Are Turning to Crypto: The Key to Attaining the UN Goal to Reduce Remittance Costs to Less Than 3% by 2030

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The cost incurred by African migrants or expatriates when sending funds via the so-called formal corridors remains way above the UN target of less than three percent, the latest data from the World Bank has shown. On the other hand, the…

State-Owned Swiss Bank Postfinance to Offer Clients Direct Access to Crypto Market

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Swiss post office’s banking unit, the state-owned Postfinance, is reportedly preparing to enter the crypto market. “Our clients want direct access to this market through their house bank.” Swiss Post Office’s Banking Arm to Enter Crypto Market The banking and financial…

US Inflation Remains Scorching Hot, Jumping to 9.1% in June — White House Says CPI Data Is Already ‘Out-of-Date’

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According to the latest Bureau of Labor Statistics Consumer Price Index (CPI) report, U.S. inflation remains scorching hot as it has risen at the fastest yearly rate since 1981. June’s CPI data reflected a 9.1% year-over-year increase, even though a number…

Russian Blockchain Alternative to SWIFT to Prevent Disconnection of Nations, Banks

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A Russian university is ready to test its blockchain-based analogue to the global payment messaging network SWIFT, from which Russian banks were cut off as part of Western sanctions. The developers say their system would not allow the disconnecting of countries…

Charlie Munger: Everybody Should Avoid Crypto ‘as if It Were an Open Sewer, Full of Malicious Organisms’

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Berkshire Hathaway Vice Chairman Charlie Munger, Warren Buffett’s right-hand man, has a message for investors considering cryptocurrency. “Never touch it,” he stressed, adding that everyone should follow his example and avoid crypto “as if it were an open sewer, full of…

Picpay to Offer Cryptocurrency Services in Brazil to More Than 60 Million Customers

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Picpay, one of the most popular payments fintech companies in Brazil, has announced that it will start including cryptocurrency services in its app. The company explained that these services will include the possibility of purchasing crypto and processing payments with crypto…

Bitcoin, Ethereum Technical Analysis: BTC Below $20,000 as Markets React to Increasing Dollar Strength 

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BTC fell below $20,000 on Tuesday, as volatility in financial markets continued to peak, due to current levels of inflation. The euro fell to its lowest level against the U.S. dollar in over twenty years, and this dollar strength seems to…