Tags : Warning

Bitcoin

After El Salvador warning, IMF says accepting Bitcoin as national

The International Monetary Fund (IMF) published a warning that putting Bitcoin (BTC) or any other crypto on par with a national currency presents serious risks to macro-financial stability. In their official blog post, written by monetary and capital markets department director Tobias Adrian and legal department head Rhoda Weeks-Brown, the IMF describes adopting cryptos as […]Read More

Regulation

In throwback to Coinbase boss warning, the EU now looking

The EU is looking at stricter crypto controls under the guise of preventing money laundering and terrorist financing. Last year, Coinbase CEO Brian Armstrong raised concerns over rumors the U.S Treasury was moving to ban “anonymous non-custodial wallets.” This he deemed a step too far and would result in stifling the burgeoning crypto industry. In […]Read More

Regulation

Over 1,000 Bitcoin miners crushed by police in warning to

Authorities in Miri, Malaysia, seized and destroyed 1,069 Bitcoin mining rigs by steamroller after cracking a mining operation that was using stolen electricity. Recently, U.K police followed up a rewiring tip-off, expecting to bust a cannabis farm, only to discover an illegal Bitcoin mining operation. Globally, cryptocurrency is generally permissible under the law, whereas cannabis […]Read More

Bitcoin

“Get more Bitcoin,” says Rich Dad author warning of ‘biggest

American businessman and best-selling author Robert Kiyosaki is picking Bitcoin alongside precious metals gold and silver as a hedge against everything else, he said in a tweet today. The controversial ‘Rich Dad, Poor Dad’ author, whose book has sold nearly 32 million copies since its 2002 release, has previously voiced views against the macroeconomy and […]Read More

Bitcoin

FBI plans to put warning signs on Bitcoin ATMs to

The Cuyahoga County (U.S. state of Ohio) Scam Squad and the Federal Bureau of Investigations (FBI) have issued a public warning as scammers began to actively use Bitcoin (BTC) ATMs to defraud people, TV channel News 5 Cleveland reported on Tuesday. “Now scammers are asking you to pay in Bitcoin,” said Sheryl Harris, director of […]Read More

Bitcoin

Bearish Divergence Flashes Warning for Bitcoin as Price Nears $60,000

A widely traced technical indicator in the Bitcoin market is signaling bullish exhaustion as the cryptocurrency flirts with $60,000. The 14-day Relative Strength Indicator (RSI), which alters traders about Bitcoin’s oversold and overbought conditions, has formed lower highs so far in 2021, decoupling from the cryptocurrency’s relentless uptrend, which is forming higher highs as the […]Read More