China is studying crypto as an investment tool, says PBoC deputy governor

[ad_1] Li Bo, recently appointed deputy governor of the People’s Bank of China, or PBoC, reportedly spoke on the benefits of crypto as an investment tool while highlighting regulatory uncertainty in the country surrounding digital assets. According to Chinese journalist Colin Wu, Li made the comments at the Boao Forum in southern China on Sunday. … Read more

We Should All Expect Repercussions When The Music Stops on Dogecoin

[ad_1] Year-to-date gains for Dogecoin come to over +6,000%, making it significantly more profitable than Bitcoin, which is up a comparatively paltry 88% over the same period. Most view this as generally positive for crypto, not least in the fun and charitable sense. However, given the lack of fundamentals underpinning DOGE’s price, the fallout could … Read more

Bitcoin on balance sheet attracts negative attention from anti-crypto banks

[ad_1] MicroStrategy’s continuous Bitcoin acquisition has drawn the ire of investment banking giant HSBC. Despite being one of the largest business intelligence firms in the world, HSBC has stated that MicroStrategy is now a “virtual currency product,” a designation akin to the pseudo-Bitcoin exchange-traded fund status attached to the company on account of its sizable … Read more

Is Bitcoin becoming the 'Google' of crypto as BTC market cap nears new milestone?

[ad_1] Holger Zschaepitz, a market analyst at Welt, emphasized that Bitcoin (BTC) is nearing the valuation of Google, as it heads toward $1.5 trillion in market capitalization. Currently, as of April 17, the market cap of Bitcoin is hovering at around $1.12 trillion as the entire valuation of the crypto market remains comfortably above $2 … Read more