Bitcoin (BTC) passed $40,000 on June 14 as a consolidation period snapped to unleash a solid breakout.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price breaks out past $40,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining 3% in under an hour, reaching $40,600 on Bitstamp.The largest cryptocurrency capitalized on the upside that … [Read more...] about Bitcoin price hits $40K as Paul Tudor Jones slams Fed inflation claims
Claims
SEC claims “no document” exists as new twist emerges in Ripple (XRP) case
The Ripple vs. SEC lawsuit has the U.S. Securities and Exchanges Commission deny possession of internal documents relating to Bitcoin, Ethereum, or XRP, as they relate to securities, a filing on Court Listener reads.Ripple’s defense team considers this critical to the case by establishing how the SEC determines securities classifications.The Judge made a very nuanced ruling and … [Read more...] about SEC claims “no document” exists as new twist emerges in Ripple (XRP) case
YouTuber claims he’ll buy 111 Tesla Model 3s… if Elon Musk accepts Bitcoin Cash
A Bitcoin Cash (BCH) YouTuber has promised to buy 111 Tesla Model 3s … but only if Tesla CEO Elon Musk agrees to accept BCH for Tesla purchases from now on.Going by the title “1stmil.com,” the Australian YouTuber explained to almost 8,000 followers over three short videos that he believes Tesla would see a boost in sales as a result as there are many Bitcoin Cash supporters who … [Read more...] about YouTuber claims he’ll buy 111 Tesla Model 3s… if Elon Musk accepts Bitcoin Cash
Bitcoin is not an inflation hedge, Bitcoin skeptic claims
Untied to any single government or country, Bitcoin is often labeled a store-of-value asset and a hedge against other areas of finance. HoweverNassim Taleb, a former risk analyst and author, thinks otherwise, however. In an interview with CNBC on Friday, after noting Bitcoin’s (BTC) similarity to a Ponzi scheme, Taleb said: “There’s no connection between inflation and the coin. … [Read more...] about Bitcoin is not an inflation hedge, Bitcoin skeptic claims
Ebang refutes Bitcoin ‘China Hustle’ claims as share price falls 20%
The share price of Chinese Bitcoin (BTC) mining company Ebang continues to fall, while the firm refutes claims made in a Hindenburg Research report which alleged it was pilfering American investors’ cash.The Hindenburg Research report, published April 6, described Ebang as “simply the latest chapter in the ‘China Hustle’ disguised as a Bitcoin mining play.” The report alleges … [Read more...] about Ebang refutes Bitcoin ‘China Hustle’ claims as share price falls 20%