Search Results for: Motor

Wells Fargo Offers Crypto Funds Options for Premium Clients

Wells Fargo & Company (NYSE: WFC) announced Wednesday that it would establish professionally managed crypto funds for its premium clients.  In the report titled “The Investment Rationale for Cryptocurrencies”, the US bank said that its wholly-owned subsidiary – The Wells Fargo Investment Institutes (WFII) – stated that the risk associated with cryptocurrency implied that it would favour … Continue reading Wells Fargo Offers Crypto Funds Options for Premium Clients

Elon Musk: Lightning Network Needed to Fix Scalability Problem in Bitcoin Network

Elon Musk, the founder and CEO of Tesla Inc., sparked on Twitter Saturday, suggesting that the layer-2 payments Lightning Network are required for now to scale Bitcoin (BTC) transaction. The billionaire said that the Bitcoin network could meet increasing demand if its users adopted the Lightning Network, a payment that makes Bitcoins transactions cheaper and … Continue reading Elon Musk: Lightning Network Needed to Fix Scalability Problem in Bitcoin Network

BTC Surges after Elon Musk Discussed With North American BTC Miners

The price of bitcoin (BTC)  rose by about 4% after Elon Musk, the founder and CEO of Tesla Inc., tweeted that he held active conversations with North American Bitcoin miners discussing the sustainability of the cryptocurrency. Bitcoin advanced its value to trade around $39,000 following the tweets on Monday, May 24. The largest cryptocurrency by … Continue reading BTC Surges after Elon Musk Discussed With North American BTC Miners

Michael Saylor Defends BTC Mining Council Embraces Decentralization

Michael Saylor, Bitcoin bull and MicroStrategy CEO, defended Tuesday the newly established Bitcoin mining council against criticisms that it runs to counter the decentralized nature of Bitcoin.   The news regarding the establishment of the Bitcoin mining council recently caused uproar and encountered criticism. Crypto critics were quick to point out that the formation of such … Continue reading Michael Saylor Defends BTC Mining Council Embraces Decentralization

Gold Regains Its Old Shines While Bitcoin Struggles to Maintain $37,500 Level

The price of Gold experienced an uptrend at around 1901.00 level on Thursday, May 27, thus keeping its stability above the intraday bullish channel’s support line that appears on the chart. Gold is experiencing positive momentum to support chances of resuming the expected bullish trends on the intraday and short-term basis, to push its price … Continue reading Gold Regains Its Old Shines While Bitcoin Struggles to Maintain $37,500 Level

Bill Miller Touts Bitcoin and Coinbase Stocks as Good Investments while Issuing a Warning to Altcoins

Bill Miller, a renowned Wall Street investor and the founder and Chief Investment Officer of Mille Value Partners, continued to advocate for the rising value of Bitcoin cryptocurrency but raised his scepticism towards the majority of altcoins. The renowned investor engaged in a recent interview with Author William Green, featured on Monday, October 11 by … Continue reading Bill Miller Touts Bitcoin and Coinbase Stocks as Good Investments while Issuing a Warning to Altcoins

The University of Pennsylvania Wharton School to Accept Crypto for Tuition Fees

The Wharton School, a premier business school at the University of Pennsylvania in the United States, has announced plans to start soon accepting cryptocurrencies as payment for its new series of blockchain classes. In a press release announced on Thursday, October 28, the Wharton School, one of the most prestigious business schools in the U.S., … Continue reading The University of Pennsylvania Wharton School to Accept Crypto for Tuition Fees

Twitter Followers Advise Elon Musk to Invest 10% of Tesla Stock in Cryptocurrencies, Poll Says

Elon Musk, the founder and CEO of the famous electric motor vehicle manufacturer, Tesla Inc, recently asked his more than 62 million followers on Twitter social media platform whether he should sell 10% of his personal Tesla shares. On Saturday, November 6, the U.S. billionaire investor took an extraordinary way concerning his financial future by … Continue reading Twitter Followers Advise Elon Musk to Invest 10% of Tesla Stock in Cryptocurrencies, Poll Says

Japan’s Major Banks Join Consortium of Private Firms to Launch Yen-Based Digital Currency

A consortium of 79 Japanese firms, including the country’s largest banks, have joined forces to participate in the trial and a potential launch of a new digital version of the Japanese Yen in fiscal 2022.  Led by a startup, DeCurret cryptocurrency exchange, these private firms are developing a platform known as Digital Currency JPY (DCJPY) … Continue reading Japan’s Major Banks Join Consortium of Private Firms to Launch Yen-Based Digital Currency

EU Market Watchdog Speaks Against Renewable Energy Mining for PoW

The Vice-Chair of the European Securities and Markets Authority (ESMA), Erik Thedéen, has taken an unpopular stance against the use of renewable energy for all Proof-of-Work (PoW) mining operations. In an interview with the Financial Times, Thedéen said the use of renewable energy can derail member nations from focusing on the climate change goals set … Continue reading EU Market Watchdog Speaks Against Renewable Energy Mining for PoW

Exit mobile version