Russian economist sees bleak future for Bitcoin with rise of digital ruble

Alexander Razuvaev, a prominent Russian economist and member of the supervisory board of the Guild of Financial Analysts and Risk Managers, recently made predictions regarding the future of Bitcoin after the emergence of a Russian CBDC. The Economist argued that the emergence of digital currencies, such as the digital ruble and other central bank digital … Read more

Bitcoin ETFs Could Be Added to State Retirement Portfolios in Arizona

A bill before the Arizona State Senate would encourage the state’s retirement plan portfolio for public employees to include Bitcoin ETFs. The adoption of the digital asset is proposed in Senate Concurrent Resolution 1016introduced by State Senators Jake Hoffman and Warren Petersen as well as Representative Joseph Chaplik. Non-binding resolution highlights explosive market interest in … Read more

Adjusted for inflation, Bitcoin has not exceeded its all-time high

Bitcoin (BTC) an all-time high of $69,325 has not been hedged against inflation – weakening the idea that this “digital gold” is an effective store of value. When measuring inflation, bitcoin, despite its notable rebound in recent months, is still technically worth less than it was at its previous peak in November 2021. This is … Read more

Bitcoin Will Fall After Digital Ruble Launch, Says Russian Economist

Last update: March 6, 2024 10:00 PM EST | 2 minutes of reading Bitcoin will fall following the deployment of the digital ruble and other major CBDCsaid a Russian economist. According to the media OSNAlexander Razuvaev, a member of the supervisory board of the Guild of Financial Analysts and Risk Managers, said crypto would not … Read more

Fiat woes and inflation are sending Bitcoin prices soaring in these countries

The price of Bitcoin has soared in different regions, some of which are facing daunting devaluation of fiat currency. Turkey, whose BTC prices were 1.3% higher than global spot prices in July, saw its inflation rose almost 70% in January, while the price of Bitcoin in South Korea increased by 10.23%. On March 6, the … Read more

Asian Stocks Rise Ahead of US Data and Bitcoin Gains: Markets Roll Up

Stocks in Asia rose along with U.S. stock futures ahead of the Federal Reserve’s key inflation measure that will help identify a path forward for interest rates. Bitcoin surpassed $61,000. Most read on Bloomberg Korean and Indian stocks fell, while Chinese stocks rebounded after Wednesday’s selloff. The yen rose the most in more than a … Read more

Microfinance goes digital with Bitcoin

Microfinance, a powerful tool for poverty reduction, has evolved considerably over the years. Its ability to provide small loans and financial services to low-income individuals and entrepreneurs has had a substantial impact on the economic empowerment of developing countries. However, the traditional microfinance landscape faces challenges, including high operational costs and limited accessibility. In recent … Read more

How to trade Bitcoin during the halving period?

The Bitcoin halving is a crucial event in the cryptocurrency space that occurs approximately every four years, reducing the reward miners receive for validating transactions on the Bitcoin network. As the name suggests, a Bitcoin halving event halves rewards for miners mining Bitcoin blocks that add transactions to the Bitcoin ledger. The process is hardcoded … Read more

What Bitcoin prediction has in store for you in the short term

Bitcoin [BTC] price has been comfortably near or above the $51,000 mark for several days. Such consolidation phases are often followed by days of high volatility. The latest data suggests that BTC could soon begin a new bull rally, which could help it reach new highs. This seems optimistic According to CoinMarketCap, BTC rose by … Read more

You can now play Nintendo 64 games on Bitcoin, thanks to this Ordinals project

Play Nintendo’s 64 games on Bitcoin: Fresh from building a Super Nintendo Entertainment System (SNES) on the Bitcoin blockchain, the Ninjalerts team is at it again. The Pizza Ninjas project has registered a Nintendo 64 (N64) emulator on the network, the group announced on Wednesday. Like the previous project, the N64 emulator is registered on … Read more