Binance, the largest digital asset exchange by trading volume, has created a Global Advisory Board. According to a press release, the body includes ‘distinguished specialists in public policy and government, finance, economics and corporate governance’. The main responsibility of the board is to advise Binance about how to handle the most complicated regulatory, political and social […]
World’s largest Bitcoin ATM provider reveals it’s going public
Bitcoin Depot is the largest Bitcoin ATM provider in the world, according to data compiled by Coin ATM Radar. It has announced that it plans to go public via a merger agreement with a special-purpose acquisition corporation (SPAC). According to the press release on Thursday, the Atlanta-based ATM provider has entered into a definitive agreement with SPAC GSR II […]
El Salvador Buying Back Debt Following Bitcoin Losses
Nayib Bukele , President of El Salvador, wants to purchase the dip again – but this time he is looking at his own bonds. Twitter user controversial leader said Tuesday that he had sent two bills to El Salvador’s Congress asking permission to borrow money and to buy back sovereign bonds at market prices. The last year’s drop was […]
U.S. Inflation Gauge Jumps to Fresh 4-Decade High of 9.1%; Bitcoin Falls
Helene is a U.S. market reporter at CoinDesk. She covers the US economy, Fed and bitcoin. She is a recent graduate from New York University’s program in business and economic reporting. The U.S. Consumer Price Index, (CPI), tracked inflation at 9.1% in June. This was an increase from May’s 8.6% pace and a new 40-year high that […]
Deutsche Bank Predicts Bitcoin Rising to $28K by Year-End – Warns ‘Crypto Free Fall Could Continue
Deutsche Bank has predicted that bitcoin’s price will reach $28,000 by year end, Bloomberg reported Wednesday. This was based on an analysis by Marion Laboure, senior economist and market strategist at the bank, and Galina Pozdnyakova, research analyst. Their analysis shows that bitcoin’s current price of $203,329 will rise 38% compared to its current price. […]