Author: Kevin Helms

Biggest Layoffs in US Banking History: Analyst Predicts Banks to Cut 200,000 Jobs – News Bitcoin News

Bitcoin.com

A Wells Fargo analyst has predicted the largest “reduction in U.S. bank headcount in history.” Banks are expected to cut 200,000 jobs as they strive to improve productivity and efficiency amid rising competition from fintech and non-bank financial institutions. US Read More

Shiba Inu Crypto Investors Turn Multimillionaires After Almost Jobless, Relying on Stimulus Checks – Featured Bitcoin News

Bitcoin.com

Two brothers have shared the story of how they became millionaires after investing in Shiba Inu, the cryptocurrency nicknamed “dogecoin killer,” for just under two months. Before the investment, the covid-19 pandemic almost killed their business, and the government’s stimulus Read More

Mark Cuban to Elon Musk: Accepting Bitcoin Will Actually Benefit the Environment – Featured Bitcoin News

Bitcoin.com

Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, has made an argument that accepting cryptocurrencies, including bitcoin, will actually help the environment. He told Elon Musk, whose electric car company Tesla has suspended accepting Read More

Bridgewater Associates’ Ray Dalio Warns Crypto’s Success Could Bring Tough Regulation – Regulation Bitcoin News

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Bridgewater Associates founder Ray Dalio has warned that cryptocurrency’s biggest risk is its own success. He explained that it could attract regulators to come down tough on the crypto industry because “as a storehold of wealth no government wants to Read More

Chinese Police Return Bitcoin to Victim in 3 Million Yuan Theft Case – Featured Bitcoin News

Bitcoin.com

Police in China’s Jiangxi province have reportedly recovered bitcoins stolen from a victim and returned them to the owner. The case involves the theft of 8.236 bitcoins, worth approximately 3 million yuan. Police Return Bitcoin to Theft Victim Police in Read More

Southeast Asia’s Largest Bank DBS Launches Trust Service for Cryptocurrencies – News Bitcoin News

Bitcoin.com

DBS Group, Southeast Asia’s largest bank, has launched a trust service for cryptocurrencies for its private banking clients. The service allows clients to invest, store, and manage their cryptocurrencies in a safe, secure, and structured manner, the bank explained. DBS’ Read More

India’s Central Bank RBI Urges Banks to Cut Ties With Crypto Businesses and Traders: Report – Regulation Bitcoin News

Bitcoin.com

India’s central bank, the Reserve Bank of India (RBI), has reportedly informally asked banks to cut ties with cryptocurrency exchanges and traders. Some banks in India have limited their exposure to the crypto market and some plan to stop all Read More

US SEC Has Brought 75 Enforcement Actions on Crypto Industry – Regulation Bitcoin News

Bitcoin.com

The U.S. Securities and Exchange Commission (SEC) has brought 75 enforcement actions against companies and individuals in the crypto industry so far, according to a new report by Cornerstone Research. The agency also brought 19 trading suspension orders against digital Read More

Elon Musk Announces Tesla Has Suspended Accepting Bitcoin Citing Environmental Issues – News Bitcoin News

Bitcoin.com

Tesla has suspended accepting bitcoin for vehicle purchases, CEO Elon Musk has announced. The company cited concerns “about rapidly increasing use of fossil fuels for bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.” Tesla Read More

‘Bullish’ Cryptocurrency Exchange to Launch With Backing of Billionaire Investors, Investment Bank Nomura – Featured Bitcoin News

Bitcoin.com

A new cryptocurrency exchange called “Bullish” will be launched this year by Bullish Global, a subsidiary of Block.one. It is backed by a number of prominent investors, including Peter Thiel, Alan Howard, Louis Bacon, Richard Li, Mike Novogratz, Christian Angermayer, Read More

100,000 Micro Bitcoin Futures Trade on CME Exchange in First Six Days – Markets and Prices Bitcoin News

Bitcoin.com

More than 100,000 micro bitcoin futures traded on CME in the first six days since launch, the exchange has revealed. CME’s global head of equity index says that this new smaller contract, along with the full-size bitcoin futures, strengthens the Read More

Analyst Explains Why Ethereum Is Rallying, Hitting All-Time Highs – Bitcoin News

Bitcoin.com

Investment management firm Ark Invest has highlighted three reasons why the price of ethereum has been hitting record highs. The firm cited increased institutional interest, strong on-chain signals, and imminent protocol upgrades as the key reasons. Why Ethereum Has Been Read More

Elon Musk Calls Dogecoin a Hustle and the Future of Currency That’s ‘Going to Take Over the World’ on SNL – Featured Bitcoin News

Bitcoin.com

Dogecoin has a wild ride this weekend starting with Elon Musk’s Saturday Night Live (SNL) and ending with Spacex saying it will launch DOGE-1 mission to the moon. Musk called dogecoin “a hustle” on the show but also said that Read More

ECB Chief Lagarde: Cryptocurrencies Prone to Money Laundering, No Intrinsic Value, Buy if Prepared to Lose all Money – Featured Bitcoin News

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The president of the European Central Bank (ECB), Christine Lagarde, warned that cryptocurrencies are prone to money laundering. She agrees with the governor of the Bank of England, Andrew Bailey, who recently said that cryptocurrencies have no intrinsic value and Read More

Goldman Sachs Formally Establishes Cryptocurrency Trading Team – Featured Bitcoin News

Bitcoin.com

Investment bank Goldman Sachs has officially formed a cryptocurrency trading team, according to the firm’s internal memo. Goldman Sachs says it is working to broaden its market presence in the crypto space and is currently selectively onboarding new liquidity providers Read More

US Authorities Seek Court Order to Shut Down Crypto Trading Platform Allegedly Duping Thousands of Investors – Regulation Bitcoin News

Bitcoin.com

New York Attorney General Letitia James is seeking a court order to immediately shut down the operations of cryptocurrency exchange Coinseed. The attorney general previously filed a lawsuit against the crypto exchange but the platform allegedly continued to operate and Read More