Asad Gilani

Blog Info Bitcoinist.com
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Stats Has written 52 posts about cryptocurrency

Sep 12 2021

Bonds In El Salvador’s Market Struggle To Thrive Following Bitcoin Law

The ongoing bitcoin adoption in El Salvador seems to be causing a lot of issues. But, for now, it seems to be the turn of Bond investors. The yields have recently spiked as investors show signs of uncertainty on what the economy holds in store. According to a Bloomberg...

Sep 09 2021

Standard Chartered Goes Bullish On Ethereum, Predicts ETH To Reach $35,000 Mark

Institutional investors now bet on the possibility of Ethereum surging due to its financial market growth. Standard Chartered analysts trust Ethereum’s growth potential can overtake Bitcoin, the first cryptocurrency by market cap. However, technicals reveal that before future advancement, ETH is bound to retrace. Standard Chartered takes a bullish stand on Ethereum. ETH now has more attention, thanks to the London fork, a...

El Salvador’s Bitcoin Journey Kicks Off With A Bummer, BTC Price Crashes

Sep 09 2021 Published at Bitcoinist.com under tags  bitcoin chivo wallet huawei usd

The struggles associated with turning Bitcoin into El Salvador’s legal tender has not been easy. There’s a general state of uncertainty in the nation with street protests, arrests of critics by police with no charge, and reprimands from international bodies. These difficult issues have thwarted the setting within the last 90 days from the time President Nayib Bukele laid down a path for...

Sep 08 2021

SEC Threatens To Sue Coinbase Due To Higher Interest On Cryptocurrency Products

High-interest rate of crypto products has made SEC threaten to sue Coinbase. This will likely frustrate users who see the company’s offer as a practical means of earning 4% interest. The Securities and Exchange Commission SEC issued a surprising warning to sue Coinbase if they move on with their plan. Coinbase had initially announced its new product offer, Lend, which pays a 4%...

Demand For Crypto Mining Rigs Surges In Vietnam Due To Bitcoin Growth

Bitcoin trading retaining a few months rise above $51,000 has attracted Vietnam to mining crypto, and they are now buying equipment in pace. Recently, Vietnam has started experiencing an increase in the number of people buying crypto mining equipment. As a result, more people enter the sector to mine cryptos such as ETH, BTC, and others. A few months ago, the Vietnam mining...

Panama To Recognize Bitcoin As Payment Alternative, Issues New Regulations

A new bill that aims at recognizing Bitcoin as another payment method has emerged in Panama. The bill will also give residents the freedom to use cryptocurrencies. Amidst El Salvador adopting Bitcoin as legal tender, a Central American country is trailing the same path. The intent is to give residents of the country the freedom to start using cryptos like Ether (ETH) and...

Sep 06 2021

Bitcoin Miners And Oil Producers To Discuss Crypto-Mining Opportunities

Sep 06 2021 Published at Bitcoinist.com under tags  ayden griffin bitcoin china cnbc oilmen

Last week, Bitcoin miners and oil producers met in Houston to discuss the possible opportunities for on-site digital mining. They meet in-vehicle warehouse, which served as their point of encounter to examine these opportunities. The meeting had over 200 investors in attendance to deliberate on an alliance aimed at favoring both parties. Related Reading |...

Sep 05 2021

Tensions Grow In El Salvador Over The Bitcoin Gamble

El Salvador will become the first country that adopts Bitcoin as its legal tender in September. However, several warnings are coming from the economist over the risks such a move poses. According to John Hopkins University findings, paying remittances with Bitcoin will be more costly than the usual traditional method. Also, another survey revealed that almost two-thirds of the...

Sep 03 2021

DeFi Protocols Jointly Introduce An Adoption Initiative Worth Of $100 Million

A collection of DeFi protocols announced a collaborative financial inclusion venture today, August 30, 2021. The protocols are jointedly putting $100 million in the venture titled DeFiPeople. Some of the DeFi applications in the project include AAVE, 0x, Curve, PoolTogether, SushiSwap, and others. These protocols are expected to provide...

Sep 02 2021

El Salvador’s Legislative Assembly Green Lights The $150 Million Bitcoin Trust

The Legislative Assembly of El Salvador has issued legislation on the approval of a $150 million Bitcoin Trust. In addition, they passed legislation supporting crypto services and infrastructure development across the entire country. They passed the bill on August 31, and 64 officials voted in support, while 14 opposed the creation of the Bitcoin Trust. The Trust aims to enhance Bitcoin to U.S....

Sep 01 2021

Postal Inspection Service Of The U.S. Recommends A Cryptocurrency-Training Program

The United States Postal Inspection Service (USPIS) has asked the agency to conduct a cryptocurrency training program. The audit focused on how the agency handles investigations that relate to cryptocurrency. As a result, it discovered a significant gap for improvement by the agency in its dealings. The...

Aug 31 2021

El Salvador Set For Bitcoin Rollout With 200 ATM Installations Across The Country

El Salvador has started mounting Bitcoin ATMs that will enable its residents to convert cryptocurrencies to U.S. dollars. The ATMs will also allow for crypto withdrawal in cash, as the government intends to make crypto a legal tender. El Salvador, known officially as the Republic of El Salvador, is a country in Central America. It's bordered on the northwest by Guatemala, on the...

Bilaxy Cryptocurrency Exchange Deletes The Website Following A Crucial Hack

A less prominent cryptocurrency exchange, Bilaxy, confirms a major hacking incident on its platform. In addition, the exchange reports some fund losses from the attack on its platform's ERC-20 hot wallet. An announcement on its Telegram channel disclosed that the exchange was hacked on August 28. The attack occurred between 6 p.m. and 7...

Aug 30 2021

Russian Law Enforcement Imprisons A Man For 3 Years For Stealing Cryptocurrency Mining Equipment

According to a recent report, a 34 old Russian man stole a cryptocurrency mining rig but didn’t know. As a result, the Zavolzhsky district authorities in Russian convicted the man for the theft of his friend’s crypto mining equipment valued at 1.6 M rubles ($22,000). A Brief About the Cryptocurrency Mining Theft As stated by the Yaroslavl Region Prosecutor’s Office...

Aug 26 2021

Bitcoin Adoption By El Salvador Will Change Central American Remittance

Aug 26 2021 Published at Bitcoinist.com under tags  atms bitcoin economist el salvador fitch

The reduction of the remittance cost seems to be the major reason for the adoption of Bitcoin by El Salvador. CABEI has recognized that remittances are a vital feature of El Salvador’s BTC adoption policy. Central American Countries May Adopt Bitcoin After El Salvador Recently, it was...

Aug 25 2021

Coinbase Users Unhappy With Support Service As Funds Disappear From The Accounts

Coinbase users are in trouble again. They are making their anger and frustrations known to the $65B company withholding their support. Customers of Coinbase are attacking the company for poor customer support service. The users are angry after sending reports to the company that their accounts are hacked into, and their funds disappear. Following the...

Aug 24 2021

China’s “Great Mining Migration” Leads Cryptocurrency Firms To Relocate

Aug 24 2021 Published at Bitcoinist.com under tags  bitcoin bit digital canada china covid-19

The recent move from China to crack down on cryptocurrency mining caused Bit Digital Inc to change its plan. Instead, the Nasdaq listed company intensified its efforts of acquiring over 20,000 computer systems from another country. The New York-based company has the machines in its core operations. By plugging high-powered computer systems into electrical energy sources of low costs, the machines will generate...

Aug 22 2021

When Is The U.S. Getting The Long Awaited Bitcoin ETF?

The crypto market topped $2 trillion this week, a month after Bitcoin went below $30,000. Speculation rises again when the U.S. will get an ETF, 8 years after the Winklevoss twins tried to gain SECs approval. The ETF is expected to hold the first global digital asset and also track its price tag. Towards ending of July,...

What Are The Possibilities Of U.S. Getting The Long Awaited Bitcoin ETF?

The crypto market topped $2 trillion this week, a month after Bitcoin went below $30,000. Speculation rises again when the U.S. will get a Bitcoin ETF, 8 years after the Winklevoss twins tried to gain SECs approval. The ETF is expected to hold the first global digital asset and also track its price tag. Towards ending of...

Aug 21 2021

Wells Fargo and JPMorgan Seek To Introduce Bitcoin Funds

Wells Fargo has joined the race alongside JPMorgan in launching Bitcoin funds. The two big banks have both processed Bitcoin funds with SEC - the Securities and Exchange Commission. They are another pair of renowned banks to broaden their interest in cryptocurrency. Wells Fargo is an...

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