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India thinks to ban all cryptocurrencies including Bitcoin

3Feb By Eleman6 Comments

CRYPTO COINS

India thinks to ban all cryptocurrencies including Bitcoin

The government of India will present a bill to the parliament that prohibits all cryptocurrencies, especially Bitcoin. Bitcoin, an electronic currency that is not related to any central bank or official institution, is one of the most used cryptocurrencies worldwide. Recently, there has been an upward movement in both Bitcoin and other crypto currencies. However, the Indian government is working to ban all cryptocurrencies, including Bitcoin, in the country. The government plans to submit the bill envisioning a ban on cryptocurrencies to the lower house of the country's parliament. INDIA TO OPEN ITS OWN CRYPTOCURRENCY Reserve Bank of India will launch its own cryptocurrency very soon. Therefore, the government wants to ban all other cryptocurrencies for further use of the l...

$ 10 Million Bitcoin Purchase from MicroStrategy!

3Feb By ElemanNo Comments

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$ 10 Million Bitcoin Purchase from MicroStrategy!

US software company MicroStrategy announced today that it purchased 295 BTC with an average price of $ 33,808, paying $ 10 million. The development was announced by the company's official website and CEO Michael Saylor. With this purchase, the amount of Bitcoin held by the company reached 71 thousand 79 BTC, and the whole was purchased for 1 billion 145 million dollars with an average price of 16 thousand 109 dollars. 71,79 BTC is worth about $ 2.5 billion at current prices. The company recently reported that it will buy more Bitcoin. On January 22, a further $ 10 million purchase was announced and 314 BTC was purchased with this amount. MicroStrategy first started buying Bitcoin in August of last year. These purchases continued in September and beyond. Bitcoin is being traded...

What is double spending, how can you avoid double spending?

3Feb By Eleman1 Comment

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What is double spending, how can you avoid double spending?

Double spending is a potential flaw in a digital cash plan where the same single digital token can be spent more than once. Unlike physical money, a digital token consists of a digital file that can be copied or tampered with. The twofold spending assault went to the front indeed with a post distributed yesterday by BitMEX's examination unit. The post being referred to and the couple of information distributed after it really drove Bitcoin speculators into a pointless frenzy. Bitcoin's business yesterday and today can be ascribed to this frenzy, among different elements. The twofold spend assault is basically disturbing with regards to a 51% assault. In the previous case, we don't see it. We have explained the twofold spending strategy a few times previously, however we intend...

USA’s largest pension fund managed to increase its Bitcoin mining shares 7 times

3Feb By Eleman1 Comment

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USA’s largest pension fund managed to increase its Bitcoin mining shares 7 times

It turned out that CalPERS, the largest public pension fund in the USA, increased the number of shares in the Bitcoin mining company Riot Blockchain (RIOT) by 7 times in the last quarter of 2020. While CalPERS, which manages the funds of public workers, retirees, and their families, has approximately $ 441 billion in assets, the company has increased the number of shares in the Bitcoin mining company with the increase in the Bitcoin price. As reported by CoinDesk, according to official documents announced on Tuesday; The number of RIOT shares held by CalPERS as of the third quarter of 2020 was 16907 and the value of the shares was 49 thousand dollars in total. After the last purchase, the number of shares was 113 thousand 34 and the total value exceeded 1.9 million dollars. The S...

Big profit sale from company that invested $ 700 million in bitcoin

3Feb By Eleman1 Comment

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Big profit sale from company that invested $ 700 million in bitcoin

Ruffer Investment, which has nearly $ 30 billion in assets under its management, sold with a 100 percent profit rate after Bitcoin purchases in November and disposed of part of its investment. Stating that they did not regret their bitcoin investments and made 90 percent profit, the company exceeded this profit margin and made its first sales. Bitcoin Profit News in the British media According to the news in the British media; When the value of Bitcoins increased by more than 100 percent, the company decided to sell the $ 650 million part. Duncan MacInness, the investment manager of the firm, stated that they were happy with the profit they made in a short time and used the following statements: “We were surprised that our investments were successfully doubling in such a s...

Visa, Institutions, and Banks Take Action to Buy Bitcoin (BTC)

3Feb By Eleman1 Comment

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Visa, Institutions, and Banks Take Action to Buy Bitcoin (BTC)

The good news continues to come as Bitcoin is still traded at over $ 36,000. The world's leading payment network has rolled up its sleeves so that Visa institutional customers and partners can trade Bitcoin and other cryptocurrencies. In collaboration with First Boulevard, a digital bank, Visa is launching pilots to offer customers with First Boulevard. Thanks to this application, corporate customers and banks will be able to trade cryptocurrencies under the guarantee of Visa. Visa also hired Anchorage for its customers to store Bitcoin and cryptocurrencies. As you know, the cryptocurrency custodian Anchorage received conditional approval from the US Currency Supervisory Office (OCC) in January, becoming the first national digital asset bank in the USA. "We set out to b...

3Feb By Eleman1 Comment

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Bitcoin fluctuates around $ 34,000

The moving course continues in the crypto currency Bitcoin. Movements of groups emerging in the US towards shares, cryptocurrencies and metals support Bitcoin. In addition to corporate purchases, Bitcon, which received the support of Elon Musk, the CEO of the electric vehicle manufacturer Tesla, rose to the $ 34,000 limit again. Saying that Bitcoin is ready to "attract the attention of the mainstream," Musk wrote only "Bitcoin" in the biography section of his Twitter profile recently, and the interest in the unit increased rapidly. "I think Bitcoin is on the verge of widespread acceptance by traditional finance," Musk said in a speech on the Clubhouse platform, a voice-based social network, stressing that he does not have a strong opinion of other cryptocurrencies. Bitcoin, th...

Elon Musk supports Bitcoin, there was a rapid rise

3Feb By Eleman2 Comments

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Elon Musk supports Bitcoin, there was a rapid rise

Tesla and SpaceX's CEO Elon Musk put the Bitcoin tag and emoji in his Twitter profile description. After he did this, bitcoin prices rose sharply to over $ 36,000. After Elon Musk put the Bitcoin tag and emoji on his Twitter profile statement, the cryptocurrency rose 10 percent to over $ 36,000. Bitcoin, the largest cryptocurrency, is now back at around $ 36,800 after rising 15 percent in London transactions. Earlier in the day, Musk had also fired the Dogecoin rally on Twitter. Musk shared the magazine "Dogue" with a dog on the cover of his Twitter account. Originally created as a joke, Dogecoin has increased 300 percent in the last 24 hours. Bitpanda CEO Eric Demuth said about Musk, “The world is listening now and big names like Elon Musk are fueling this excitement with their Twi...