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India’s Enforcement Directorate (ED) Issues Notice To The Country's Biggest Crypto Exchange Over Allegations Of Money Laundering

India’s Enforcement Directorate (ED) Issues Notice To The Country’s Biggest Crypto...

Utsav K. - 0
A Billion Dollar Question, Can Warren Buffet Invest In Crypto? Warren Buffet stands out in the industry as one of the biggest critics of the decentralized currencies. He has been a vocal critic of Bitcoins and has repeatedly said that he believes it is a bubble - and that it would burst anytime soon. While Bitcoins and cryptocurrencies continue to flourish, it seems the investment mogul is seemingly soft on his erstwhile position on the blockchain-driven digital tokens. While there is nothing concrete to draw conclusion and it is highly unlikely that the top serial investor would pass any such hints, it is being speculated that because Mr Buffett has invested $500 million in a Brazilian digital bank which is the parent company of Easynvest, an investment platform that facilitates Bitcoin ETFs. The investment was made by Berkshire Hathaway, a multinational conglomerate of which Warren Buffet is a CEO. Until last year, Warren Buffet was highly unsupportive of digital currencies and had said that “cryptocurrencies basically have no value and they don’t produce anything.” Berkshire Hathway’s investment is significant as it sends a message that the ice is melting in the most anti-crypto corners of the world of conventional and controlled finance. With Warren Buffet getting onboard the blockchain revolution we can expect to see a dramatically changing fintech landscape. In the meanwhile after suffering for over two weeks, Bitcoins and the other top tokens are picking up, thanks to El Slavador for being the first nation on the planet to legalize cryptocurrencies.

A Billion-Dollar Question: Can Warren Buffet Invest In Crypto?

Utsav K. - 0
Is the Market Going To Come Out Of The Bear Phase Soon?

Is the Market Going To Come Out Of The Bear Phase...

George Kim - 0
Bitcoins Bounce Back, Market Up Following El Salvador’s Decision To Legalize Crypto

Bitcoins Bounce Back, Market Up Following El Salvador’s Decision To Legalize...

George Kim - 0
El Salvador Becomes The First Country To Legalize Bitcoins El Salvador has become the first country in the world to legalize cryptocurrency. The central American nation confirmed that Bitcoin will now be a legal tender in the country. On Monday, earlier in the week, the EL Salvador Congress voted in the majority to approve President Nayib Bukele’s daft proposal to provide Bitcoins with a legal sanction. Commenting on the development, the president said “With 62 votes, the legislative plenary session approves the #LeyBitcoin with which El Salvador adopts the #Bitcoin as legal currency." In a tweet, defending the decision, President Bukele also said that legalizing Bitcoins will bring “financial inclusion, investment, tourism, innovation and economic development for our country." Following the approval from congress Bitcoin will start becoming a legal tender just like other fiat currencies, in the coming 90 days. The news of legalization broke out at the recently held Bitcoin conference where a message from the president confirming the news was played. The president says that this decision will provide that much-needed boost to the country’s dilapidated economy. He said that even if 1% of the Bitcoin were invested in the country, their GDP would grow by at least 25%. He also said that in the short term legalizing Bitcoin will also help to create more jobs in the country. “In the short term this will generate jobs and help provide financial inclusion to thousands outside the formal economy and in the medium and long term we hope that this small decision can help us push humanity at least a tiny bit into the right direction,” the president said.

El Salvador Becomes The First Country To Legalize Bitcoins

Utsav K. - 0
Top Cryptocurrencies Down Following Chinese Social Media’s Crackdown

Top Cryptocurrencies Down Following Chinese Social Media’s Crackdown

George Kim - 0
Chinese Social Media Platform Weibo Cracks Down On Crypto Businesses

Chinese Social Media Platform Weibo Cracks Down On Crypto Businesses

Utsav K. - 0
Despite Elon’s Tweets Bitcoin And Ethereum Show An Upward Trend

Despite Elon’s Tweets Bitcoin And Ethereum Show An Upward Trend

Utsav K. - 0
Why Is Elon Musk Trolling The Crypto Community?

Why Is Elon Musk Trolling The Crypto Community?

Utsav K. - 0
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