In its offer, Goldman Sachs approved for the first time the issuance of a loan that has collateral for its assets in Bitcoins, which is a significant step for the American bank that encourages Wall Street to accept cryptocurrencies. The credit unit approved the payment of cash based on the amount of Bitcoin owned by […]
Author: Terry Coleman
Fed: Cryptocurrencies pose a risk to the financial system
New forms of digital money, such as cryptocurrencies and their form of stablecoins, pose a risk to the U.S. financial system and require new consumer protection rules, the Federal Reserve said. Federal Reserve Chairman Jerome Powell said new technologies are likely to make electronic payments cheaper and faster, but they could also destabilize financial institutions. […]
Oil at more than $100 for the first time since 2014, the ruble is falling, turmoil and cryptocurrencies
Russia’s invasion of Ukraine immediately affected the price of oil on the world market, falling stock markets, and cryptocurrencies. The price of crude oil jumped to more than a hundred dollars per barrel(for the first time since 2014), “futures” on the Dow fell 2.4 percent, Nasdaq 2.7 percent, and the S&P 500 – 2.4%. Asian […]
The European Union could ban intensive cryptocurrency mining
The largest financial regulators of the European Union have updated the call for a ban on key forms of bitcoin mining, warning of an increase in the share of renewable energy dedicated to cryptocurrency mining. Erik Thedéen, vice president of the European Securities and Markets Authority, told the Financial Times that bitcoin mining has become […]
The Fed record flooded cryptocurrencies and stock exchanges
The value of Bitcoin and other cryptocurrencies fell sharply on January 6th, as did indices on most world stock exchanges. Namely, the announcement of a more aggressive tightening of the Federal Reserve’s monetary policy in the minutes from the December meeting hit risky assets at the global level. According to the Coin Desk, Bitcoin was […]
How was $4 billion in cryptocurrency stolen last year?
Is the number of hacker attacks on cryptocurrencies decreasing after the holidays? Cryptocurrencies, as a new form of property, have attracted the attention of not only investors and users, but have become an unavoidable target for hackers. These are currencies that exist only in the virtual world, so it could be expected that attacks on […]
He Has Millions, and he can’t spend them: 1,000 Bitcoin coins seized from him for 11 years
An anonymous user announced on the Reddit network that he has $36 million in Bitcoin coins on his PC, which has been in storage for 11 years, and that he does not know how to get his fortune. This user said that at the end of 2009, he dug Bitcoin on his laptop for a […]
The cryptocurrency market has stabilized around this limit
The cryptocurrency market has been relatively stable for almost a week now, given that the market capitalization is around 2.5 billion dollars. Currently, according to the CoinGecko website, the cryptocurrency market has lost 3 percent of its value in the past 24 hours and now stands at $2.44 trillion. Bitcoin has also been hovering around […]