Gary Gensler thinks Bitcoin and cryptocurrencies in general are good, but the SEC need to prevent the bad practices associated with these technologies.
Analysts from the multinational investment bank, Citibank, have recently opined that bitcoin is on the verge of either becoming adopted on a mainstream level or collapsing from over-speculation.
Speculations run wild if Twitter would be the next giant to put BTC on its balance sheet following plans to raise $1.25 billion via a convertible senior notes offering.
The popular Stock-to-Flow Cross-Asset model is intact as a new orange dot was printed following February's close, despite the most recent slump in Bitcoin's price.
A senior analyst at the US asset management firm, Bridgewater Associates, has opined that bitcoin shouldn't be viewed as an alternative to fiat currency but as digital gold.
Data suggests that BTC miners have offloaded massive portions of BTC as its price keeps suffering to a low beneath $44,000, ETH lost 35% since reaching ATH 8 days ago.
BOK's chief executive claimed that Bitcoin and other cryptocurrencies have no intrinsic value while predicting that the high price fluctuations will remain.
Bitcoin price’s heavy correction continues on its second day with another sharp 17% price plummet only today, and a total of 25% since hitting the current all-time high of $58K just two days ago.
Cryptocurrencies could succeed if properly studied, but bitcoin is a highly speculative and inefficient asset, said US Treasury Secretary Janet Yellen.
While most BTC bashers claim that the cryptocurrency is not used for transitions, a UK jet charter company noted that 19% of its yearly revenues were paid in bitcoin.
In an attempt to protect the Bitcoin ecosystem, OKCoin will remove two BTC hard forks - Bitcoin Cash and Bitcoin SV - and blamed Craig Wright's recent lawsuit.
While warning of a potential price correction for BTC, JPM analysts asserted that the asset's volatility prevents it from being a reliable hedge against stocks.
Several months following the initial announcement, the canton of Zug has become the first region in Switzerland to enable taxes to be paid via BTC and ETH.
SynBiotic SE has become the first publicly-traded company in Germany to announce that they are beginning to shift some of its free liquidity into bitcoin.
