Monday, March 1, 2021
Only Bitcoin Market News
Advertisement
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
Only Bitcoin Market News
No Result
View All Result

Stablecoins, Ceilings and Digital Currencies: Bad Crypto News of the Week

7 months ago
in stock
2 min read
Stablecoins, Ceilings and Digital Currencies: Bad Crypto News of the Week
Share on FacebookShare on Twitter


Stability? What stability? Bitcoin has burst through its ceiling, leapt 15% and is now tickling a new ceiling of $11,000. The new move has put Bitcoin’s actual price at around double the realized price. On Black Thursday, the realized price was higher than the actual price.

So how much higher will Bitcoin go? Max Keiser expects the coin to reach $28,000… then push on up into six figures. As for who’s been creating the demand, a study from Cornerstone Advisors has found that 80 percent of this year’s crypto buyers are men with an average income of $130,000. And it’s not just Bitcoin they’re buying, of course. As Bitcoin climbed, Ethereum leaped too, flying past its previous 2020 peak of $309.

With cryptocurrencies on a roll, it’s no wonder that traditional traders are looking for a way in. Swiss SIX Exchange, a stock exchange, is listing a new cryptocurrency exchange-traded product. The “Bitcoin Capital Active ETP” is an actively managed crypto ETP that trades Bitcoin against a basket of top altcoins. Huawei has applied for a patent for blockchain-based storage, and in the UK, eToro is preparing to launch a debit card. The card will give the app’s crypto traders a way to extract their profits as cash.

Visa doesn’t want to be left behind. The payments company has announced support for the development of digital currencies. Mastercard might need to do better, though. Private investigators have accused one of its executives at Cyprus’s FBME bank of using “phantom transactions” to hide money laundering. FBME is said to have ties to Wirecard, a German payments processor which has issued crypto debit cards and is under investigation for fraud.

Wirecard isn’t the only entity under investigation, though. A New York State appeals court has affirmed that the state’s Attorney General can continue an investigation into iFinex, Bitfinex and Tether Holdings. The investigation could bring more regulation to stablecoins. And Steve Wozniak is using the power of the law too. The Apple co-founder is suing YouTube for letting scammers use his name and likeness to promote Bitcoin scams.

Stability? What stability?

Joel Comm is an internet pioneer, New York Times best-selling author, futurist speaker and co-host of The Bad Crypto Podcast. That’s a fancy way of saying he writes words, says things and loves to play with cryptos.

The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.



Read more:Stablecoins, Ceilings and Digital Currencies: Bad Crypto News of the Week

Related articles

Bitcoin Tumbles to $43K, Lowest in Three Weeks

Bitcoin Tumbles to $43K, Lowest in Three Weeks

February 28, 2021
Bitcoin bombshell: Crypto king’s slump nears $44,000 as it heads for biggest weekly

Bitcoin bombshell: Crypto king’s slump nears $44,000 as it heads for biggest weekly

February 28, 2021
Tags: Badbitcoin news todayCeilingsCryptoCurrenciesdigitalNewsStablecoinsWeek

Related Posts

Bitcoin Tumbles to $43K, Lowest in Three Weeks

Bitcoin Tumbles to $43K, Lowest in Three Weeks

by Bitcoin Market
February 28, 2021
0

BloombergBuffett’s ‘Tone Deaf’ Annual Letter Skirts Major Controversies(Bloomberg) -- Warren Buffett’s 15-page annual letter to shareholders on Saturday made...

Bitcoin bombshell: Crypto king’s slump nears $44,000 as it heads for biggest weekly

Bitcoin bombshell: Crypto king’s slump nears $44,000 as it heads for biggest weekly

by Bitcoin Market
February 28, 2021
0

The decline in Bitcoin prices has pushed its market cap down from $1.04 trillion last Sunday to $833 billion...

Bank of America Issues Warning About Potential Stock Market Bubble

Bank of America Issues Warning About Potential Stock Market Bubble

by Bitcoin Market
February 27, 2021
0

bunhill / Getty ImagesAs Bitcoin breaks the $50,000 mark and the Dow hovers in the low 30,000s, a new...

Market Wrap: Bitcoin Heads for Worst Week Since March as Prices Hold Around $46.5K

Market Wrap: Bitcoin Heads for Worst Week Since March as Prices Hold Around $46.5K

by Bitcoin Market
February 27, 2021
0

Bitcoin’s price turned choppy on Friday as the No. 1 cryptocurrency by market capitalization logged its worst weekly performance...

Bitcoin Slides in Worst Weekly Drop Since March Amid Selloff

Bitcoin Slides in Worst Weekly Drop Since March Amid Selloff

by Bitcoin Market
February 26, 2021
0

BloombergErcot Still Short $1.3 Billion in Energy Payments: Texas Update(Bloomberg) -- A second day of marathon hearings on Texas’s...

Load More

Trend Now

  • Trending
  • Comments
  • Latest
Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

June 8, 2020
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

May 19, 2020
Argo Blockchain boosts mining margins in July

Argo Blockchain boosts mining margins in July

August 5, 2020
Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

February 18, 2021
Bitcoin boom backstopped by central banks’ easy-money policies

Bitcoin boom backstopped by central banks’ easy-money policies

February 4, 2021
5 Cryptocurrency Staking Providers – A Review | Hacker Noon

5 Cryptocurrency Staking Providers – A Review | Hacker Noon

January 30, 2021
Bitcoin flash crash knocks Elon Musk off rich list top spot

Bitcoin flash crash knocks Elon Musk off rich list top spot

0
Bitcoin daily chart alert – Bullish chart pattern develops – May 19

Bitcoin daily chart alert – Bullish chart pattern develops – May 19

0
Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

0
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

0
Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

0
Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

0
Bitcoin flash crash knocks Elon Musk off rich list top spot

Bitcoin flash crash knocks Elon Musk off rich list top spot

March 1, 2021
Applied Elliott Wave Webinar: Bitcoin, Crude, Gold, SPX, Nifty & Amazon [Video]

Applied Elliott Wave Webinar: Bitcoin, Crude, Gold, SPX, Nifty & Amazon [Video]

March 1, 2021
Tether Allegedly Received Ransom Note Demanding 500 BTC – CoinDesk

Tether Allegedly Received Ransom Note Demanding 500 BTC – CoinDesk

March 1, 2021
Bitcoin uses more electricity than Argentina, Norway, study finds

Bitcoin uses more electricity than Argentina, Norway, study finds

March 1, 2021
As Crypto Markets Plunge $400 Billion, Coinbase Reveals Major Bitcoin And Ethereum

As Crypto Markets Plunge $400 Billion, Coinbase Reveals Major Bitcoin And Ethereum

March 1, 2021
Crypto Exchange INX to Raise C$25M, List on TSVX for ‘Added Credibility’

Crypto Exchange INX to Raise C$25M, List on TSVX for ‘Added Credibility’

March 1, 2021
  • Contact Us
  • Terms of Use
  • Cookie Privacy Policy
  • Privacy Policy
  • DMCA

© 2020 MarketForBitcoin.com

No Result
View All Result
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos

© 2020 MarketForBitcoin.com

  • bitcoinBitcoin(BTC)$47,683.004.94%
  • bitcoin-cashBitcoin Cash(BCH)$485.684.62%
  • binance-coinBinance Coin(BNB)$240.0211.17%
  • bitcoin-goldBitcoin Gold(BTG)$25.492.68%
  • bitcoin-privateBitcoin Private(BTCP)$0.71360.93%
  • blocktixBlocktix(TIX)$0.0200.00%