Bitcoin

European Central Bank Says Bitcoin Is on the “Road to Irrelevance”

European Central Bank Says Bitcoin Is on the “Road to Irrelevance”

The European Central Bank has issued a scathing critique against bitcoin, and by extension crypto in general.Chart: Craig Hastings (Shutterstock) We can now add the European Central Bank to the ranks of high-ranking crypto skeptics, with high-ranking leaders going further to say that crypto should not be legitimized by any government or major financial institution. …

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Top 3 Bitcoin, Ethereum, Ripple Price Predictions: Preparing for the Markets Next Move

Top 3 Bitcoin, Ethereum, Ripple Price Predictions: Preparing for the Markets Next Move

Bitcoin rebounds 5% after falling 10% over the weekend. Ethereum shows bulls losing their underlying strength. XRP price is consolidating in a range that could resolve into an explosive move. The crypto market produced a countertrend bounce after a persistent decline over the weekend. The two-week consolidation broke lower over the weekend, which provided targets …

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Did Drugs, Counterfeit Money, and Office “Slumber Parties” Cause the $32 Billion Crypto Explosion?

Did Drugs, Counterfeit Money, and Office “Slumber Parties” Cause the $32 Billion Crypto Explosion?

A desperate last-minute Excel spreadsheet touted to investors before the bankruptcy filing is certainly consistent with drug-induced indifference. The balance sheet contained an $8 billion entry simply described as “a hidden and internally mislabeled ‘fiat’ account.” Fiat refers to traditional currency. How chaotic the operation was last week when John Ray, the insolvency attorney who …

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How to lower your cryptocurrency tax bill before the end of the year

How to lower your cryptocurrency tax bill before the end of the year

After a tough year for cryptocurrency, taxes may not be a top priority for digital currency investors battered by steep losses. But the falling crypto market and the recent collapse of digital currency exchange FTX could affect next year’s tax bill — and beyond, according to financial experts. investment related news The beauty of muni …

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The majority of people who invest in Bitcoin inevitably lose money

The majority of people who invest in Bitcoin inevitably lose money

Bitcoin has been around for decades, although at that time BIS researchers noted that the cryptocurrency was not widely used for regular transactions or any real-world funding. Photo: PETER PARKS/AFP (Getty Images) About three-quarters of new bitcoin investors have lost money putting their funds in the big crypto game, according to new research from one …

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Crypto's fairy tale revolution deserves its unfortunate end

Crypto’s fairy tale revolution deserves its unfortunate end

This is true for every asset. For example, the value of something as boring as a government bond is partly a product of the stories economists and investors tell each other about a country’s creditworthiness and the path of future interest rates. . When it comes to stocks, the numbers become a little less important …

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Will the Crypto Market Recover Over $1 Trillion?

Will the Crypto Market Recover Over $1 Trillion?

Bitcoin price is struggling to stabilize above $17,500, slipping to $16,730. Ethereum price rallied to test its critical support, brushing $1,250. Ripple is still hovering above its 19-month downtrend, trading at $0.34. The price of Bitcoin, along with that of Ethereum and Ripple, is struggling to maintain a bullish outlook. The crypto market is currently …

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Hacking Fears After $650M Demise From Collapsed Crypto Firm

Hacking Fears After $650M Demise From Collapsed Crypto Firm

Cryptocurrency exchange FTX is facing fresh controversy after observers noticed “unusual” withdrawals totaling around $650 million from the collapsed website’s funds on Saturday. The collapse of FTX, one of the world’s largest stock exchanges, has wiped $150bn (£126bn) of value from the cryptocurrency market, amid fears the crisis could escalate. further aggravates. FTX filed for …

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