Turkey’s Collapsing Currency Will Drive Investors to Bitcoin, Says Max Keiser

By CCN: Bitcoin bull Max Keiser has hinted that as Turkey’s economy worsens, Turks could turn to Bitcoin as a hedge. In a tweet, Keiser said that Bitcoin ‘will become a factor for Turks as hard money becomes hard to come by’. #Bitcoin will become a factor for Turks as Hard Money becomes hard to come by. https://t.co/bD5iw2mLMs — Max Keiser, tweet poet. (@maxkeiser) May 21, 2019 The broadcaster who hosts the Keiser Report show on RT is on point in making this prediction. Already, the Turkish Lira is the 5th most traded national currency for Bitcoin. In this regard,

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Indian Bitcoin Trader Hangs Himself, Blames Senior Indian Cop in Suicide Note

By CCN: A bitcoin trader in India’s Gujarat State has been pushed to suicide after incurring losses in a cryptocurrency investment he made on behalf of a senior police officer. According to Ahmedabad Mirror, the Bharat Patel hanged himself early Sunday. This was after Chirag Savani, a deputy superintendent of police, and his elder brother, Harnish Savani (AKA Montu) pressured him to compensate them for losses they incurred after investing in bitcoin. In a suicide note, Patel explained that he had invested money belonging to the two brothers in bitcoin. Allegedly the senior police officer had invested an amount worth

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Terrified Central Bank Attempts to Arrest Myanmar’s Bitcoin Binge

By CCN: An emerging economy which expects to attract $5.8 billion worth of Foreign Direct Investments is belittling its goals with an anti-technology stance. Myanmar is the latest developing country that is hinting to shut doors in the face of bitcoin, a decade-old global cryptocurrency which proposes to replace banks with a decentralized network of transaction validators and bookkeepers. Anybody with a decent internet connection can participate in the bitcoin economy, which further makes it an attractive asset for people with limited gateways to participate in global economies. Myanmar Could See Blockchain Powering its Stock Trading Markets https://t.co/NFbr1X0LMZ pic.twitter.com/kNlTvRKvRT —

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Wall Street Bitcoin Traders DGAF About Tether’s Massive Scandal

By CCN: Wall Street bitcoin traders clearly DGAF about the Tether/Bitfinex scandal. As crypto investment firm HASH CIB noted on Twitter, institutional traders were more bullish than ever last week, with no short positions taken on bitcoin in CME’s BTC futures market. Wall Street Drops its Bitcoin Shorts 10/Last week Institutional Investors went all in on #bitcoin – no short positions taken.Other #CME traders maintained their earlier outlooks.While insignificant in #BTC terms,COT of AMs is a good gauge of the sentiment.Let’s see on Friday if they FOMO even harder today pic.twitter.com/A4yPcbesa5 — HASH CIB (@HASHCIB) May 14, 2019 As massive a

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Breaking: Germany’s No.2 Stock Exchange Enables Investors to Buy Litecoin, XRP

By CCN: Börse Stuttgart, the second biggest stock exchange in Germany and the ninth largest in Europe, has approved the listing of litecoin and XRP exchange-traded notes (ETNs). “For the first time in Germany, investors can now buy and sell exchange-traded notes (ETNs) based on the cryptocurrencies Litecoin and Ripple (XRP). The four securities issued by XBT Provider in Sweden track the price of the two cryptocurrencies in relation to the euro and the Swedish krona,” the Börse Stuttgart team said. Similar to exchange-traded funds (ETFs), ETNs operate as strictly regulated, transparent, and protected instruments that can be used by

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$7 Trillion Asset Giant Fidelity to Launch Crypto Trading ‘Within Weeks’: Report

Wall Street has arrived in the cryptocurrency arena. Fidelity Investments, one of the biggest asset managers on the planet, will launch a crypto trading service “within weeks” according to a Bloomberg report. Fidelity says its cryptocurrency trading product is aimed at institutional traders and will initially focus on bitcoin. Fidelity spokesperson Arlene Roberts said: “We currently have a select set of clients we’re supporting on our platform. We will continue to roll out our services over the coming weeks and months based on our clients’ needs, jurisdictions, and other factors. Currently, our service offering is focused on Bitcoin.” Fidelity is

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Bolivar to Bitcoin Volumes Hit All-Time High as Venezuela Crisis Intensifies

By CCN.com: As the political and economic crisis in Venezuela escalates, citizens of the South American country are taking refuge in Bitcoin. In the final week of April, a record amount of Venezuelan bolivars were spent buying bitcoin per Coin Dance. Specifically, bitcoin worth more than 36.5 billion bolivars were purchased last week. The previous record was bitcoin worth 31.3 billion bolivars which were purchased earlier last month. The record purchase of bitcoin coincided with a rise in political tensions in the Latin American country. Earlier this week opposition leader Juan Guaido urged the country’s military to join civilian protestors

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‘Drop Gold’ Now: Crypto Investment Firm Advertises Bitcoin as Superior

By CCN: Grayscale Investments is starting a movement urging all investors to drop gold and replace it with the better store-of-value, bitcoin. In a Monday morning Medium post, the digital asset management group announced its new #DropGold campaign. Beyond a catchy hashtag, the anti-gold campaign includes a website, upcoming debate, and a television ad push. Their commercial makes a compelling argument. Why is #gold still in your portfolio? #DropGold — Grayscale (@GrayscaleInvest) May 1, 2019 Branding Bitcoin as the New Digital Gold Grayscale is attempting to paint bitcoin as the improved, digital form of gold with its new campaign. The

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US Stock Brokerage E*Trade Strokes Excitement with Rumored Ether, Bitcoin Trading

By CCN.com: E*Trade Financial Corp. is waking when it comes to the importance of allowing its customers the ability to trade cryptos. It’s readying to allow them to trade Bitcoin and Ethereum, Bloomberg reports. While banks and others have shunned cryptos, E*Trade’s willingness to allow customers to trade them is significant. It’s another step in the mass adoption of cryptos, which have been plagued by criticism. Entrance Would Do Wonders For Cryptos Bloomberg spoke to anonymous sources about E*Trade’s plans. Allowing crypto trading would make E*Trade one of the largest securities brokerages to provide the service, according to Bloomberg. E*Trade

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E-Trade One-Ups Rival, Readies Launch of Bitcoin Trading for Millions

By CCN: E-Trade is about to offer bitcoin and ether trading, bolstering its securities platform for 5 million customers, a source familiar with the matter told Bloomberg Friday. The securities brokerage firm appears to be taking the approach that ‘if you build it, they will come.’ That plus their rivals are doing it. We know this guy’s going to be happy about the news: Competition Among Crypto Trading Platforms Heats Up The traditional Wall Street firm enters a crowded field of early movers in the crypto trading space, including leaders such as Coinbase and Square’s Cash App. Nathaniel Popper, a

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