Crypto Fact

       A   passionate two-minute speech delivered by Godfrey Bloom, a member of the European Parliament from 2004 to 2014, is  spreading   through Crypto Twitter like wildfire. The 2013 speech is a shakedown on the global financial system. During the presentation, Bloom declares that all the banks are broke. At that time, on May 21, 2013, Bitcoin was trading at $122 and remained a fringe asset among techies and cypherpunks. It would take the remainder of the decade to transform BTC, now trading above $10,000, into the best-performing asset of the last 10 years, attracting legacy giants like Fidelity and Intercontinental Exchange that are putting their full weight behind blockchain-based infrastructure. During that same period, numerous banks, including Deutsche Bank and Danske bank, have been embroiled in multi-billion-dollar money laundering scandals and consumer fraud. Wells Fargo, after the collapse of a scheme to create bogus cus...

  U.S. President Donald Trump’s  $4.8 trillion budget  proposal for FY 2021, released Monday, seeks to expand the Treasury Department’s cryptocurrency oversight by returning the United States Secret Service, now a division of the Department of Homeland Security, to its jurisdiction.  The reshuffling would “create new efficiencies” in the Secret Service’s investigation of criminal acts involving cryptocurrencies and the financial marketplace, the executive report reads. It will also give Treasury more fire power to, as the budget reads, “disrupt terrorist financing, hold rogue states and human rights abusers accountable, and detect and deter financial crimes.” The Secret Service is better known for protecting U.S. presidents and their families, but it is also responsible for investigating a wide range of financial crimes including fraud and counterfeiting, among others.  “Technological advancements in recent decades, such as cryptocurrencies and...

Don’t let moral anguish over the deaths of potentially thousands of people get in the way of an opportunity to shill some crypto and pump up the price of bitcoin. As ever, crisis is opportunity for cryptocurrency lovers. In the past they’ve seized upon everything from a banking collapse in Cyprus to social breakdown in Venezuela and Brexit to rationalise the case to buy MOAR bitcoin. Clearly Coronavirus was not going to be different. But how have they squared the logic this time round? Duh. Coronavirus is spreading through the exchange of DIRTY FILTHY FIAT banknotes. So don’t be a dummy, protect yourself and turn to digital-only crypto. No lurgies there. Some  fine examples  of the logic  at hand:      No reference to the point, however, that fiat can be exchanged purely digitally or that China has one of the highest digital transaction rates in the world already... But the coronavirus/bitcoin connections don’t stop there. For ...

 After a long and cryptic series of tweets on Bitcoin (BTC), SpaceX and Tesla CEO Elon Musk elaborated his stance on cryptocurrencies in a Jan. 20  podcast . Noting that he’s “neither here nor there on Bitcoin,” Musk focused on its use for illegal transactions. The billionaire has recently been in the spotlight for several short and cryptic tweets related to cryptocurrency. On Jan. 10 he published a  tweet  saying “Bitcoin is *not* my safe word.” This follows an equally cryptic  tweet  from April 2019, saying “Cryptocurrency is my safe word.”  But while they were generally considered to be jokes, especially in light of previous  tweets  where he pledged to take “Tesla private at $420,” Musk’s early history is deeply tied to the financial technology industry. In 1999, Elon Musk founded X.com, an online bank that through later mergers became PayPal. He mentioned the company in the podcast, noting: “If PayPal had executed t...

Bitcoin traders and investors have been warned to expect  bitcoin volatility  this weekend due to Lunar New Year celebrations in China. The bitcoin price has this week given up some of its early 2020 gains  after climbing above $9,000 per bitcoin last weekend , dropping almost 10% over the last seven days— and falling further yesterday following a sharp change in bitcoin sentiment .  "The Year of the Rat starts this weekend. Time for bitcoin volatility and volumes to nose dive," Arthur Hayes, the chief executive of the Seychelles-based bitcoin and cryptocurrency exchange Bitmex, said via  Twitter .  Lunar New Year celebrations, expected to be somewhat muted due a coronavirus outbreak that's killed at least 25 people in China and put many cities in the country on lock down, traditionally sees millions of people travel home for the weekend. "Fireworks in store,"   said   Travis Kling, who runs Ikigai Asset Management, adding May’s ...

Earlier today, the Bitcoin price rose to the $7,790 area and still keeps growing. As reported by U.Today earlier, Bitcoin has entered a buying trend and so it could be dangerous to short BTC as the flagship currency aims at retaking the $8,000 level .    Some analysts, though, keep betting on the bearish effect on the market, saying the Bitcoin price may go down. But others are joyfully saying that even though BTC might not surge right away, the overall uptrend is still intact. $13,000 level after a few months of trading sideways? Analyst @CryptoMichNL points out that even though the trendline inside the downtrend is still holding up, overall, the long term bullish trend remains. Bitcoin could trade sideways for a few months, he adds. However, on the chart, the analyst has drawn a rising line to mark the aim he expects Bitcoin to reach after that – the $13,000 area. $BTC   #BITCOIN ✅ Trendline inside downtrend still holding up. ✅ Long term trend...

The legislation enables banks to sell and store cryptocurrencies from January 1, 2020. Other providers will now require a German license.       A new bill in Germany could enable banks to support the sale and custody of Bitcoin ( BTC ) and other cryptocurrencies by 2020. German news agency Handelsblatt  reported  on Nov. 27 that the bill now requires consensus from the country’s 16 states, having successfully passed through the Bundestag, the German federal parliament. Germany on its way to becoming a “crypto-heaven” At present, German banks and financial institutions are prohibited from facilitating the sale of cryptocurrencies for clients. If passed, the proposed bill will transform the status quo.  While an initial draft of the bill had reportedly included a “separation clause” that would have required banks to make recourse to external cryptocurrency custodians or dedicated subsidiaries, the latest version of the proposed law removes ...