Billionaire Ray Dalio says Chinese ‘digital’ yuan could compete with Bitcoin
The global crypto market cap is $1.63 trillion with a 24-hour volume of $114.33 billion. The price of Bitcoin is $37,107.56 and the BTC dominance is at 42.6%.
by Shaurya Malwa
Bridgewater Associates founder and CEO Ray Dalio says Bitcoin can see traction in the years to come, but that the digital version of Yuan, China’s national fiat currency, could ‘compete’ with it.
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Reserve Bank of India slams banks after they stop services for crypto users
The Reserve Bank of India, the country’s central bank, released a new directive today after local banks ceased crypto services for users citing a directive from 2018, an official filing shows.
Economist Intelligence Unit’s report shows trends behind the increased acceptance of cryptocurrencies
While cryptocurrency has been around for quite some time now, a stratospheric rise in its use has materialized over the last year, primarily due to the pandemic.
Flash loan attack on DeFi platform ‘Belt Finance’ sees $6.2 million gone
Belt Finance, a decentralized finance (DeFi) platform based on smart contract network Binance Smart Chain (BSC), became the latest project to fall victim to a flash loan attack, losing over $6.2 million worth of tokens in the process.
China: Crypto traders turn to OTC platforms amidst Bitcoin crackdown
Millionaires in China are turning to over-the-counter services to trade and buy Bitcoin and other cryptocurrencies even as the local government says it would crackdown on the sector, as per a report on business outlet Bloomberg today.
‘I felt like a moron’ for not buying Bitcoin, says billionaire Stanley Druckenmiller
Billionaire investor Stanley Druckenmiller has recently explained why invested only $20 million in Bitcoin (BTC), skeptical of Ethereum (ETH), and prefers to pretend that Dogecoin (DOGE) doesn’t exist at all.
Early Ethereum designer to host DeFi Whiteboarding Weekend in the Bay Area
The Bay Area will be host to a new event, Defi Discussions Whiteboarding Weekend, focused on whiteboarding with “some of the brightest folks in the Bay Area DeFi scene”.
China’s state-run media slams Bitcoin trading, calls for stricter supervision
Following the Bitcoin mining debacle that originated from China earlier this week, Xinhua News, the official state-run press agency of the People’s Republic of China, published a new article today, highlighting the risks of cryptocurrency trading.
Police drone finds illegal Bitcoin mine while searching for weed farm
In a bizarre case, UK police busted an illegal Bitcoin mining operation while trying to weed out cannabis operations, local daily Birmingham Live reported today.
Bitcoin farm in Montana to use solar energy for mining
Montana cryptocurrency miners are backing the Basin Creek Solar Project, a 300 megawatt solar array farm in Butte, to supply energy for an expanding data center, reported local news Montana Standard.
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