Tags : Confirms

Regulation

No, Paraguay is NOT legalizing Bitcoin, Congressman confirms

A Paraguay official changed course on what was an unprecedented development in crypto circles: That of the Latin American country legalizing Bitcoin as legal tender on the back of a similar move in nearby El Salvador. But the sentiment has now proven short-lived as Carlos Rejala, a Paraguayan congressman rectified the statement in an interview […]Read More

Bitcoin

PlanB confirms Bitcoin ‘S2FX’ model still on track for $288,000

Anonymous yet wildly popular crypto trader “PlanB,”who created the Bitcoin stock-to-flow model (S2F), provided an update on how the leading cryptocurrency is performing following the recent crypto crash. Last month closed -35%, but PlanB sought to reassure his followers by saying the journey isn’t going to be a straight line up. Nonetheless, despite the dip, […]Read More

Regulation

Ripple (XRP) likely to go public after its legal battle

The likelihood of Ripple, the company behind the XRP token and blockchain-based payments network RippleNet, to go public is “very high at some point”—but not before its legal battle with the U.S. Securities and Exchange Commission (SEC) is resolved, said the firm’s CEO Brad Garlinghouse. “The likelihood that Ripple is a public company is very […]Read More

Bitcoin

US Dollar Confirms Bearish Continuation as Bitcoin Hits Record High

Both the US dollar and Bitcoin enjoyed a period of strength at the beginning of 2021. But while the cryptocurrency continued its uptrend higher, led by a new wave of institutional adoption, the greenback endured a sharp pullback in the wake of unsupportive fundamentals. The US dollar index, which tracks the greenback’s strength against the […]Read More