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Dutch official calls for complete ban on Bitcoin

Dutch official calls for complete ban on Bitcoin

CointelegraphCointelegraph11 Jun 2021 | 00:00 am
A Dutch official has called for an immediate total ban on mining, trading and holding Bitcoin. Pieter Hasekamp, director of the Dutch Bureau for Economic Analysis under the Ministry of Economic Affairs and Climate Policy, argued that Bitcoin has no intrinsic value and is only valuable because others may accept it. He also cited other common anti-Bitcoin arguments, such as security concerns, risks of fraud and scams.
AXEL News Update - AXEL.org

AXEL News Update - AXEL.org

AXEL.org - Bringing awareness to data custodyAXEL.org - Bringing awareness to data custody04 Jun 2021 | 23:11 pm
AXEL Go has received a new pricing tier geared at businesses of all sizes. Plans start at $59.99/month for five users, with additional seats available at $4.99 per seat. Each account includes 10GB of secure, blockchain-backed online storage. The Florida Bar has approved AXEL Go as a member benefit provider.
How to Rebuild Trust in Tech - AXEL.org

How to Rebuild Trust in Tech - AXEL.org

AXEL.org - Bringing awareness to data custodyAXEL.org - Bringing awareness to data custody04 Jun 2021 | 23:09 pm
The Cambridge Analytica scandal was the tipping point where Facebook sold users' personal data to a data analytics firm in an attempt to influence the 2016 US elections. According to a 2020 survey, over 85% of people are “very concerned” about how companies like Facebook and Google handle their personal data. The average consumer now understands that there shouldn’t be an expectation of privacy when using these services, says AXEL.
Dogecoin surges 40% on back of Coinbase Pro listing, Musk tweets

Dogecoin surges 40% on back of Coinbase Pro listing, Musk tweets

CointelegraphCointelegraph02 Jun 2021 | 00:00 am
Dogecoin (DOGE) gained more than 40% on Tuesday morning following its listing on the pro-trader platform, Coinbase Pro. Dogecoin’s price jumped from $0.3137 up to $4.4398 in the hours following the announcement, resulting in 40% growth overnight. Tesla CEO Elon Musk also tweeted a meme depicting the eponymous dog huddled over a 1980s computer setup.
‘Bitcoin Will Survive Concerns About the Environment’: Iris Energy Pty

‘Bitcoin Will Survive Concerns About the Environment’: Iris Energy Pty

DecryptDecrypt31 May 2021 | 10:08 am
Iris Energy co-founder Daniel Roberts has defended Bitcoin’s carbon footprint. He said Bitcoin is commanding that level of energy to secure it, to secure people's savings. He added, “I don’t think it's up to any individual to decide where energy should be used.”
Elon Musk and Mark Cuban Are Pushing Dogecoin for Payments—And BitPay Data Backs Them Up - Decrypt

Elon Musk and Mark Cuban Are Pushing Dogecoin for Payments—And BitPay Data Backs Them Up - Decrypt

DecryptDecrypt28 May 2021 | 12:45 pm
Dogecoin is now BitPay's fourth-most popular cryptocurrency for payments. Mark Cuban and Elon Musk have been pushing the idea that the meme token is becoming a legitimate utility. "Very quickly it’s become a material coin for us," BitPay CMO Bill Zielke says of Dogecoin.
Bitcoin Falls 8% After Sudden Market Crash - Decrypt

Bitcoin Falls 8% After Sudden Market Crash - Decrypt

DecryptDecrypt28 May 2021 | 11:07 am
Bitcoin fell 8% to $36,300 today, down from $40,000 yesterday. All of the top 100 coins by market cap are down by around 10% in the past 24 hours. It is unclear what is behind the crash, which started at 5 am UTC and steepened at 10 am UTC.
Bank of Canada Says Its Digital Currency Will Be Greener Than Bitcoin

Bank of Canada Says Its Digital Currency Will Be Greener Than Bitcoin

DecryptDecrypt27 May 2021 | 13:51 pm
The Bank of Canada’s Deputy Governor Timothy Lane has said that the country”s new digital currency will be much greener than Bitcoin. The new currency would rely on the already existing trust in Canada's fiat currency, including its potential environmental impact. However, Lane clarified that the bank doesn’t see a need for its own digital currency at the moment.
Ethereum Falls Below $2,000 Amid Latest Crypto Crash - Decrypt

Ethereum Falls Below $2,000 Amid Latest Crypto Crash - Decrypt

DecryptDecrypt23 May 2021 | 12:42 pm
The price of Ethereum has fallen below $2,000 for the first time since April 7. The price is now under half of its all-time high of $4,165 on May 12. The market cap of the cryptocurrency has halved to about $230 trillion.
Elon Musk asks Twitter whether Tesla should accept Dogecoin for cars

Elon Musk asks Twitter whether Tesla should accept Dogecoin for cars

CointelegraphCointelegraph11 May 2021 | 00:00 am
Tesla CEO Elon Musk ran a Twitter poll asking respondents whether they want Tesla to accept Dogecoin as a payment method. The poll, posted at 8:00 a.m. UTC, garnered over 400,000 responses in the first 10 minutes and is almost at the one million mark as of the time of writing. Tesla already accepts Bitcoin for its electric vehicles.
Ransom-Wars: The Task Force Awakens - AXEL.org

Ransom-Wars: The Task Force Awakens - AXEL.org

AXEL.orgAXEL.org10 May 2021 | 19:28 pm
60+ government agencies and industry leaders have formed a task force to tackle the problem of ransomware. The group includes the FBI, FBI, Department of Homeland Security, Europol, Microsoft, Amazon, Cisco, and more. It has published an 81-page document that discusses the issue and creates a framework for dealing with the problem.
Ransom-Wars: The Task Force Awakens - AXEL

Ransom-Wars: The Task Force Awakens - AXEL

AXELAXEL07 May 2021 | 23:04 pm
60+ government agencies and industry leaders have formed a task force to tackle the problem of ransomware. The task force includes the FBI, the Department of Homeland Security, Europol, Microsoft, Amazon, Cisco, and more. It has published an 81-page document that discusses the issue and creates a framework for dealing with ransomware.
Elon Musk Issues Crypto Warning Ahead of Expected Dogecoin SNL Skit - Decrypt

Elon Musk Issues Crypto Warning Ahead of Expected Dogecoin SNL Skit - Decrypt

DecryptDecrypt07 May 2021 | 11:34 am
Elon Musk tweeted, “Cryptocurrency is promising, but please invest with caution!” Dogecoin rose to $0.59 immediately after Musk’s tweet. “There's a good chance crypto is the future currency of the earth,” Musk said in a video interview published in February. Musk is expected to air a skit about the coin on Saturday Night Live.
Three reasons why the ‘other Ethereum’ has pumped 130% in the last week

Three reasons why the ‘other Ethereum’ has pumped 130% in the last week

CointelegraphCointelegraph05 May 2021 | 00:00 am
Ethereum Classic (ETC) is up almost 50% in the last 24 hours. The 20th-ranked crypto by market capitalization is currently at an all-time high above $76. ETC has outperformed ETH in terms of year-to-date price action gains by a factor of over three-fold. Retail hype is building on ETC especially as the token is available to buy on Robinhood.
Uzbek presidential agency proposes legalizing domestic crypto trading

Uzbek presidential agency proposes legalizing domestic crypto trading

CointelegraphCointelegraph30 Apr 2021 | 00:00 am
The National Agency for Project Management under the President of the Republic of Uzbekistan (NAFT) has proposed to allow local residents to conduct "all types of crypto exchange trades involving crypto assets and tokens in exchange for the national currency and the foreign currency." The proposal also aims to establish processes for the registration, issuance and circulation of digital assets.
Bitcoin set to close first ‘red’ April in 6 years as Ethereum keeps hitting all-time highs

Bitcoin set to close first ‘red’ April in 6 years as Ethereum keeps hitting all-time highs

CointelegraphCointelegraph29 Apr 2021 | 00:00 am
Bitcoin will likely close its first negative month of April in six years this week despite hitting a new all-time high two weeks ago. At -8.3%, April 2021 is Bitcoin’s worst April on record and the first since 2015 to make a loss. The performance contrasts that of March, which saw gains of nearly 30%.
Ethereum on a high after European Investment Bank’s $121M digital bond news

Ethereum on a high after European Investment Bank’s $121M digital bond news

CointelegraphCointelegraph28 Apr 2021 | 00:00 am
Ethereum hit a new all-time high of $2,709 during early Asian trading on Wednesday, marking a new peak price for the asset. The EIB is issuing a two-year 100 million Euro ($US120.8 million) digital bond, with the sale to be led by Goldman Sachs, Banco Santander, and Societe Generale. The move pushed the ETH market cap to a record $312 billion.
JPMorgan to Let Clients Invest in Bitcoin Fund for First Time: Sources - CoinDesk

JPMorgan to Let Clients Invest in Bitcoin Fund for First Time: Sources - CoinDesk

CoinDeskCoinDesk26 Apr 2021 | 11:08 am
JPMorgan Chase is preparing to offer an actively managed bitcoin fund to certain clients, sources told CoinDesk. The fund could roll out as soon as this summer. Institutional bitcoin shop NYDIG will serve as JPMorgan’s custody provider. JPMorgan CEO Jamie Dimon called bitcoin a “dangerous fraud” in 2017.
Nearly Two-Thirds of US Adults are 'Crypto Curious': Survey

Nearly Two-Thirds of US Adults are 'Crypto Curious': Survey

DecryptDecrypt21 Apr 2021 | 12:00 pm
Over half of those interested in cryptocurrency are women, according to a survey by Gemini. The average crypto investor in the US is currently a 38-year-old male with an annual income of roughly $111,000. The next wave of crypto investors is seemingly older (44) and with a marginally smaller income ($107,000 a year).
Is China softening its stance on Bitcoin?

Is China softening its stance on Bitcoin?

DecryptDecrypt20 Apr 2021 | 14:01 pm
Two years ago, Peter Thiel accused China of using Bitcoin as a financial weapon. Central Bankers Xiaochuan Zhou and Bo Li, the former and current deputy governors of the Central Bank of China respectively, recently spoke out about the country's stance on digital assets. Zhou said that digital assets don't directly benefit the Chinese economy as much as digital currency, while stablecoins actually serve the real economy.
Turkey to ban cryptocurrency payments

Turkey to ban cryptocurrency payments

CointelegraphCointelegraph16 Apr 2021 | 00:00 am
The Central Bank of the Republic of Turkey has banned crypto holders from using their digital assets for payments. The ban will come into effect on April 30. Payment providers and digital wallets are widely used in Turkey to transfer fiat funds to crypto exchanges. Users have two weeks to clear their balances if they exclusively use payment providers as fiat-to-crypto gateways.
Bitcoin in Stasis as Crypto Bull Mike Novogratz Warns of Market Washout - CoinDesk

Bitcoin in Stasis as Crypto Bull Mike Novogratz Warns of Market Washout - CoinDesk

CoinDeskCoinDesk15 Apr 2021 | 10:24 am
Billionaire investor Mike Novogratz warns of a market correction in the wake of cryptocurrency exchange Coinbase’s listing on Nasdaq. “I’ve seen a lot of weird coins like dogecoin and even XRP have huge retail spikes,” he said. Bitcoin, XRP and others have pulled back from the highs seen on Wednesday.
Bitcoin Hits New All-Time High Above $63.1K - CoinDesk

Bitcoin Hits New All-Time High Above $63.1K - CoinDesk

CoinDeskCoinDesk13 Apr 2021 | 08:57 am
The price of bitcoin hit a new all-time high of $63,191.37 on Tuesday, topping the previous peak price of $61,453 observed about a month ago. The price of the leading cryptocurrency had given back some of its gains, trading at $62,757.59, up 4.55% over the last 24 hours. Bitcoin's latest rally is accompanied by record highs in ether, the second-largest cryptocurrency by market value.
Bitcoin Dominance at 2-Year Low as XRP, Binance's BNB Rally - CoinDesk

Bitcoin Dominance at 2-Year Low as XRP, Binance's BNB Rally - CoinDesk

CoinDeskCoinDesk12 Apr 2021 | 12:10 pm
Bitcoin’s share of total cryptocurrency market value has fallen to its lowest level in two years. The decline was driven in recent weeks by powerful rallies in the likes of binance coin and XRP. The trend offers a reminder of just how much money is flowing these days into digital assets beyond bitcoin.
Is High-Speed Fiber Coming to a Farm Near You? - AXEL

Is High-Speed Fiber Coming to a Farm Near You? - AXEL

AXELAXEL09 Apr 2021 | 22:05 pm
US President Joe Biden has unveiled a $3 trillion infrastructure plan to expand broadband coverage in rural areas across the country. The US is currently ranked 12th in the world in average broadband speeds, behind only much smaller countries. Over 25% of rural residents don’t have access to broadband internet, compared to 1.7% of urban residents, according to the Federal Communications Commission (FCC).
Bitcoin Holds Support; $60K Resistance Within Reach - CoinDesk

Bitcoin Holds Support; $60K Resistance Within Reach - CoinDesk

CoinDeskCoinDesk09 Apr 2021 | 11:26 am
BTC is attempting to break above a series of lower price highs since April 1, which suggests buyers are gaining strength as sellers retreat. The oversold reading on the four-hour relative strength index (RSI) on April 7 preceded a near 5% rise in BTC. Intraday support is around $56,934.
Why's Bitcoin stuck under $60,000? The gold market cap may hold the answer

Why's Bitcoin stuck under $60,000? The gold market cap may hold the answer

CointelegraphCointelegraph09 Apr 2021 | 00:00 am
Bitcoin's $1.1 trillion market capitalization translates to roughly 10% of gold's $11 trillion market cap. Bitcoin's trading volume and the amount held by institutional investors seem to match gold's numbers. With Bitcoin, addresses holding 100 to 10,000 BTC own 48.9% of the supply, equivalent to $538 billion held by large investors.
Government Ban on Bitcoin Is ‘Foolish’: SEC's Hester Peirce - Decrypt

Government Ban on Bitcoin Is ‘Foolish’: SEC's Hester Peirce - Decrypt

DecryptDecrypt08 Apr 2021 | 20:36 pm
US Securities and Exchange Commission Commissioner Hester Peirce said it would be "foolish" for the US government to try to ban Bitcoin. She added that the US is "behind the curve" regarding crypto regulation. She also said she doesn't know when a Bitcoin ETF will be available in the US.
Bitcoin Reaching a 'Tipping Point': Fidelity Digital Assets Head - Decrypt

Bitcoin Reaching a 'Tipping Point': Fidelity Digital Assets Head - Decrypt

DecryptDecrypt08 Apr 2021 | 14:58 pm
Fidelity Digital Assets CEO Tom Jessop has said that Bitcoin adoption has reached a "tipping point" thanks to "unprecedented monetary and fiscal stimulus" from central banks and governments. "We're not going to get out of this stimulated environment anytime soon," Jessop said. Bitcoin has seen a 5% drop in price in recent days and is currently trading at $57,700.
JP Morgan touts institutional bitcoin backing as volatility falls

JP Morgan touts institutional bitcoin backing as volatility falls

06 Apr 2021 | 11:03 am
Bitcoin rose 1.2% against the dollar on Tuesday morning in London following a report from JP Morgan that suggested decreasing volatility would lead to greater institutional interest from investors. Analysts said that one major factor holding back institutional adoption of bitcoin and other cryptocurrencies is their volatility. Bitcoin has rallied more than 400% over the last six months thanks to growing support from institutional investors.
Crypto industry got more funding in Q1 2021 than all of last year: Report

Crypto industry got more funding in Q1 2021 than all of last year: Report

CointelegraphCointelegraph05 Apr 2021 | 00:00 am
Cryptocurrency and blockchain-related companies have already received more funding this year than in all of 2020, according to a new report. In the first quarter of 2021, 129 startups focusing on crypto and blockchain technology have received a total of $2.6 billion in funding.
Drop in Bitcoin’s Volatility May Boost Appeal, $130K Possible: JPMorgan

Drop in Bitcoin’s Volatility May Boost Appeal, $130K Possible: JPMorgan

CoinDeskCoinDesk02 Apr 2021 | 10:23 am
JPMorgan said Bitcoin could fetch a long-term price of $130,000 if its volatility continues to decline. The declining volatility of the cryptocurrency could boost its appeal to institutions seeking low-correlation assets that diversify portfolios. Bitcoin’s realized volatility in the last three months stood at 86% compared to 16% for gold.
Total crypto market capitalization posts new all-time high above $1.9T

Total crypto market capitalization posts new all-time high above $1.9T

CointelegraphCointelegraph01 Apr 2021 | 00:00 am
The market cap of all cryptocurrencies surpassed $1.9 trillion on March 31, according to data from major crypto monitoring resources like CoinGecko and CoinMarketCap. Earlier on the day, the total market cap reached a new all-time record. The total crypto market cap has continued flipping the world’s largest companies including Amazon and Microsoft.
Digital Euro Will Be Decided On Within Months: ECB’s Lagarde - Decrypt

Digital Euro Will Be Decided On Within Months: ECB’s Lagarde - Decrypt

DecryptDecrypt31 Mar 2021 | 20:54 pm
European Central Bank President Chirstine Lagarde said that a decision on a digital Euro will be made in the next few months, but the actual release of such a currency could take years. "The whole process...will in my view take another four years," she said. "We owe it to the Europeans. They need to feel safe and secure," she added.
PayPal to Start Letting US Customers to Use Their Crypto at Checkout: Report - CoinDesk

PayPal to Start Letting US Customers to Use Their Crypto at Checkout: Report - CoinDesk

CoinDeskCoinDesk30 Mar 2021 | 09:57 am
PayPal is set to announce it has started allowing U.S. consumers to use their cryptocurrency holdings to pay at millions of its online merchants around the world. The move could speed up the use of crypto in day-to-day commerce. Customers who hold any of the crypto that PayPal allows them to hold in their PayPal digital wallets will be able to convert their holdings into US dollars at checkout.
Bitcoin is outshining gold in the battle of the safe havens

Bitcoin is outshining gold in the battle of the safe havens

CointelegraphCointelegraph30 Mar 2021 | 00:00 am
Bitcoin's value relative to gold is approaching new all-time highs. Gold futures plunged below $1,700 a troy ounce on the Comex division of the New York Mercantile Exchange on Tuesday. Bitcoin's value has more than doubled over the past three months and has grown nearly sevenfold since October 2020.
90% of Bitcoin mining comes from ‘dirty energy,’ Miami mayor says

90% of Bitcoin mining comes from ‘dirty energy,’ Miami mayor says

CointelegraphCointelegraph29 Mar 2021 | 00:00 am
Miami Mayor Francis Suarez has said that the majority of Bitcoin is mined outside of the US using "dirty energy." He argued that the US should set up a Bitcoin mining hub as part of a national security/environmental conservation goal. He added that the U.S. would improve this situation by providing its renewable clean energy supply to Bitcoin mining centers.
Bitcoin buyers mean business as Coinbase reserves drop $8B in 3 months

Bitcoin buyers mean business as Coinbase reserves drop $8B in 3 months

CointelegraphCointelegraph26 Mar 2021 | 00:00 am
According to data from on-chain monitoring resource Glassnode, exchange BTC reserves are at an all-time low. At Coinbase, the largest U.S. exchange by volume, BTC stocks have crashed by nearly $8 billion at current prices, or 150,000 BTC, since January.
The Distinction: Data Privacy versus Protection - Compare the Cloud

The Distinction: Data Privacy versus Protection - Compare the Cloud

Compare the CloudCompare the Cloud24 Mar 2021 | 12:00 pm
While data privacy authorizes who has legal access to information, data protection focuses on protecting users’ details from unauthorized use. "Data protection is often a technical issue, whereas data privacy is a process or legal problem. Privacy concerns occur when personal information distinguished from one party to another is collected, stored, or used," said experts. "You cannot ensure data privacy unless personal data is protected by technology," they added.
Bitcoin is 'more a substitute for gold than the dollar' — Fed Chair Powell

Bitcoin is 'more a substitute for gold than the dollar' — Fed Chair Powell

CointelegraphCointelegraph22 Mar 2021 | 00:00 am
US Federal Reserve Chair Jerome Powell said Bitcoin is too volatile to be money and is "backed by nothing." But it could be a "substitute for gold," he added. Powell was speaking at an event hosted by the Bank for International Settlements (BIS) on Monday.
Market Wrap: Bitcoin Loses Steam After Briefly Touching $60K - CoinDesk

Market Wrap: Bitcoin Loses Steam After Briefly Touching $60K - CoinDesk

CoinDeskCoinDesk18 Mar 2021 | 20:37 pm
Bitcoin briefly touched $60,000 early Thursday but proved unable to hold that market level. The cryptocurrency's price fell with stocks amid growing concerns about rising US Treasury yields. The 10-year Treasury note yield breached 1.75% for the first time since January 2020. The rising yield has been seen by investors as a sign of market worries over future inflation.