Tesla’s chief executive Elon Musk has rubbished allegations that he engaged in a Bitcoin (BTC) price manipulation scheme. Musk took to Twitter on Sunday to refute the claims levied at him by Syngia’s CEO Magda Wierzycka. He added that Tesla will resume BTC purchases once the premier cryptocurrency achieves desired clean energy levels. The SEC Would’ve Investigated Musk Wierzycka had […]

Recently, the cryptocurrency market has been filled with doom and gloom. Yet, anonymous quantitative analyst PlanB is optimistic that his price prediction of $288K on BTC will come true within the next three years, even as bitcoin continues to struggle following last month’s 40% drop. In a June 12 tweet, the originator of bitcoin’s so-called stock-to-flow pricing model — an […]

State Street is the latest among Wall Street heavyweights to join in the digital assets bandwagon. State Street Establishes Digital Finance Offshoot Despite the cryptocurrency market cooling-off in recent weeks, the number of institutional investors joining the emerging industry continues to increase. The latest in the fray is State Street which has launched a new division dedicated to digital finance. […]

Several people have poured their criticism on the call for the Netherlands government to ban Bitcoin and cryptocurrencies, as opinionated by Pieter Hasekamp, the director for Central Planning Bureau – a leading economic policy research institute in the country. The director says that the government should ban cryptocurrencies like bitcoin in their entirety before it is too late, and before a possible […]

According to an announcement from MicroStrategy CEO Michael Saylor, the controversial Bitcoin mining council went online on Thursday, June 11. The council’s goal is to reshape the crypto mining industry’s dynamics by promoting energy-efficient mining solutions. Saylor made the announcement while inviting major industry players, clarifying that the Bitcoin Mining Council will serve as a “voluntary” and “open forum” for […]

Jack Dorsey, the co-founder of Twitter and the founder of Square, has revealed that Twitter, BlueSky, or both companies may soon support the Lightning Network. Lightning Network is “Only a Matter of Time” Responding to a request from a Twitter user, the entrepreneur said it was “only a matter of time” before the Lightning Network (LN) goes live in either […]

The International Monetary Fund has become the first major financial gatekeeper to reference the recent move by El Salvador to legalize Bitcoin. Several figures in the legacy financial space continue to espouse anti-crypto sentiments even as the market becomes more popular. IMF Raises Alarm over El Salvador Bitcoin Legalization According to a report by Reuters on Thursday (June 10, 2021), […]

Shares of Orphazyme A/S (ORPH) soared as much as over 1,300%, touching an intraday price of $77.77, yesterday, as the company awaits FDA word on its lead drug candidate MIPLYFFA. MIPLYFFA, known generically as Arimoclomol, is proposed for the treatment of Niemann-Pick type C, a rare inherited lysosomal storage disorder, with the regulatory agency’s decision expected on June 17, 2021. […]