Major Australian investment fund Pendal Group considers that government bonds could become a "dead asset class" as they continue to lose their relevance in portfolios due to trillion-dollar quantitative easing programs run by central banks, pushing investors towards bitcoin (BTC). “We think ultimately that government bonds will turn into a dead asset class, so we…
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Bitcoin price gained traction and remained well supported above USD 18,000. BTC climbed towards USD 18,800 before consolidating gains. The price is currently (05:00 UTC) trading well above USD 18,000, but it must gain momentum above USD 18,500 for a fresh rally possibly towards USD 19,200. Also, there were strong bullish moves in most major…
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Dan Morehead. Source: a video screenshot, Youtube/Bloomberg Markets and Finance Demand outpacing supply is “THE story in Bitcoin right now,” as BTC is already knocking on the door of its all-time high of USD 20,000, Dan Morehead, CEO and Co-founder of major crypto investment firm Pantera Capital, stressed. PayPal’s crypto push is “already having a…
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A local government politician in Argentina has tabled a measure that – if passed – could see a province in the country launch a crypto trading platform. The measure is the brainchild of Roque Gervasoni, a provincial deputy (council member) of the northern Misiones province, who has created a bill that will be debated by…
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Logic. Source: Twitter/@Logic301 American retired rapper, record producer and streamer Sir Robert Bryson Hall II, aka Logic, said he bought USD 6m worth of bitcoin (BTC) last month. The artist subsequently changed his Twitter account name to Bobby Bitcoin in a reference to his crypto investment, but also one of the rapper’s aliases, Bobby Tarantino,…
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3.4m bitcoin (BTC) readily available to buyers as demand increases, blockchain analytics specialist Chainalysis said, noting that first-time BTC buyers and buyers looking to unload fiat currency for BTC as a hedge against worrisome macroeconomic trends are responsible for much of the current demand. According to the company, right now, the amount of liquid, or…
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Venezuelan tax agents on the prowl. Source: Twitter/@jdavidcabello Customers spending foreign currency and cryptoassets in Venezuelan stores have been warned to demand invoices and receipts in fiat bolivars, with the nation’s tax authorities worried that crypto pay and payment in overseas fiats like the USD or euros could facilitate tax evasion. Merchants across the country…
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Bitcoin price remained well supported near the USD 17,500 level. BTC started a fresh increase and it was able to climb back above USD 18,000 and USD 18,100. The price is currently (05:00 UTC) trading near USD 18,200 and it seems like the bulls are aiming for a break above the USD 18,500 resistance. Similarly,…
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Another crypto-related survey has reminded of the importance of user-friendly solutions that would help to spend your cryptocoins, increasing both adoption and demand for these digital assets. 23% of the recently surveyed Brits said they were “open to purchasing crypto if widespread use was possible,” with one in five “willing to use cryptocurrency if it…
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SEC Chairman Jay Clayton. Source: Twitter, @SEC_News Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Crypto adoption news Current inefficient payment mechanisms are driving the rise of bitcoin (BTC), Jay Clayton, the outgoing Chairman of the US Security and Exchange Commission,…
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