Indeed, BIS’s Basel Committee on Banking Supervision (BCBS) has made the proposal for limiting the banks’ total exposures to “Group 2 cryptossets to 1% of Tier 1 capital” in its consultative document titled “Second consultation on the prudential treatment of cryptoassets,” published on June 30. Group 1 vs. Group 2 assets Specifically, Group 2 refers to the assets that do not meet classification conditions and includes specific tokenized traditional assets and stablecoins, as well as unbacked crypto assets....

On May 25, Form 4 was filed with the SEC indicating that 250,000 shares were bought up by the Best Buy founder. Meanwhile, in its latest earnings report on the same date, the company showed $10.65 billion in revenue, which represented a year-on-year (YoY) decrease of 8.5%; however, it still beat expectations by $220 million. Similarly, earnings per share (EPS) was $1.57, beating estimates by $0.01. Even so, analysts from Barclays downgraded the stock following the earnings report, citing worries of a consumer slowdown and other macro trends....

The billionaire investor added that Bitcoin could serve as a ‘gold diversifier’ and a store hold of wealth in the future. Dalio, who manages the world’s largest hedge fund, pointed out that most investors do not diversify their portfolios as they should. Dalio said when comparing Bitcoin to gold, he prefers assets that governments can hold and use to exchange value. During the session, he took issue with the excessive printing of money into the economy....

Speaking to Yahoo Finance, Dalio compared the potential bitcoin ban to the 1934 United States illegal order on privately held gold. Dalio’s stand comes as bitcoin has surged in value over recent months, hitting an all-time high above $61,000 on March 14, 2021. The asset’s rally began in the wake of increased debt levels and low-interest rates in 2020. The billionaire investor highlights that India is already setting the environment for making it illegal to own Bitcoin as it might compete with cash, despite the 30% growth of crypto transactions on India’s digital assets exchanges....

Indonesia’s huge crypto market Binance remains the world’s largest crypto exchange by trading volume. Although the exchange already has Indonesian users, it has not fully explored the country’s market potential. The large population and the government’s openness towards crypto could help significantly in making Binance a huge crypto presence.Already, Southeast Asian financial institutions are exploring ways to enter the cryptocurrency space to harness their digital capabilities fully. The largest lending firm in the region, DBS Holdings LTD is one of such financial services providers....

This comes on the heels of a larger market correction, which has resulted in the majority of cryptocurrencies trading deep into the negative territory. Currently, Bitcoin is trading at $19,081 after briefly breaching $19,000 and trading as low as $18,926 before rebounding marginally above. Bitcoin is now down 9.00% on the day and a further 34.47% across the previous seven days. Furthermore, the crash means that Bitcoin has lost almost $40 billion from its market cap in 24 hours as it went from $402 billion to a total market worth of $363 billion in that time....

Notably, the reality of becoming a safe haven might be realized with the flagship cryptocurrency recording increased correlation with the precious metal amid prevailing macroeconomic factors. In particular, Bitcoin has hit a 40-day correlation with gold standing at 0.50 after the value stood at around zero in mid-August, Bloomberg reported on October 22. The correlation is putting Bitcoin into a focus as digital gold, following a period when the cryptocurrency has traded mainly in tandem with the equities....

In this line, Bitcoin has been called “dead” a total of 461 times by various members of the media, according to data from 99Bitcoins, the cryptocurrency’s official obituary. However, with all that being said, the records reveal that Bitcoin has been proclaimed dead 21 times so far in 2022, as of September 5; in contrast, BTC was declared dead a total of 47 times in the whole of 2021....

As it turns out, Bitcoin was unable to maintain the previously held support at $15,800. On November 21, as BTC was still testing this level, the pseudonymous crypto expert Moustache published a tweet suggesting a likely zone for longs between $15,150 and $15,250 (range low). Chances of a bullish recovery? That said, renowned crypto trader and LedgArt founder, who goes by the handle Kaleo on Twitter, expressed optimism that a “major momentum shift will happen at the breakout of the HTF log downtrend,” referring to the ‘higher timeframe’ indicator....

Data acquired by Finbold indicates that bitcoin’s estimated annual consumption of 143 TWh as of May 5, 2021, is at least eight times higher than Facebook and Google’s combined consumption of 17 TWh. The social network consumption stands at 12TwH while Google’s annual energy usage is at 5 TWh. Compared to specific countries’ annual electricity consumption, bitcoin trails China’s 6,453 TWh by at least 45 times. Furthermore, bitcoin’s consumption is at least 27 times that of the United States’ 3,990 TWh....

Specifically, in order to demonstrate some serious strength, Bitcoin needs to reclaim the resistance level at around $16,600, as the prominent crypto trading expert Michaël van de Poppe explained in a tweet on November 23. If this happens, Van De Poppe believes that Bitcoin will form “a fast candle towards $17.5-18K,” with the next significant resistance level seemingly around $18,170. While making a similar prediction on November 22, the analyst had noted that the flagship digital asset had taken the low “but not that heavy” and that another sweep would grant “a bullish divergence for potential entries....

The recent price rally has led analysts to focus on higher valuations that were last seen in mid-2022 but also anticipate further gains based on the sentiment of traditional risk assets. Bitcoin is on track for a major breakout on its 1-year chart, with the possibility of reaching $46,100 sooner than expected, after first breaking resistance levels at $25,000 and $32,000, according to data-driven investment research at Game of Trades....

In particular, a December 28 analysis shared by Aurelien Ohayon, CEO of strategy services platform XOR, notes that Bitcoin’s historical bull run has occurred after every four years. In this case, he noted that the first bull run emerged in 2011 before another downturn that resulted in a rally in 2015. Indeed, after the 2018 crypto winter season, Ohayon pointed out that 2019 formed the base of another Bitcoin bull run....

Through his Twitter account, McGlone indicated that the volatility shows the reliability of Bitcoin and Ethereum in crypto dollar transactions that are key to the sector’s advancement. He suggested the significant entry and exit of capital from the two assets shows the extent of the expanding crypto dollar economy. McGlone noted that advances in dollar transactions in the space are vital towards growth in the cryptocurrency sector. His sentiments come as Bitcoin increasingly emerges as a possible store of value alongside a mode of payment with the potential to disrupt the global financial system....

According to the disclosure, Berkshire bought another 6.68 million common shares of the oil giant between August 4 to August 8, now owning a 20.2% stake. A rough estimate of the costs equates to $391 million over multiple transactions, with a price range between $57.32 and $60.01, with the total stake in Occidental now worth roughly $11.3 billion. The total number of shares owned is 188.3 million, with an additional 100,000 preferred shares and warrants to purchase nearly 84 million common shares....

In this line, in a tweet on December 21, the Ethereum (ETH) co-founder slammed Coinbase for not incorporating Cardano, terming the omission as ‘pretty sad.’ Hoskinson’s disappointment with Cardano’s omission from the report aligns with his previous sentiments, where he has argued that the platform is not receiving sufficient credit amid the ongoing network developments. Hoskinson on Cardano attacks For instance, the Cardano founder had earlier warned that the network would likely be attacked after Ethereum shifted to the proof-of-stake (PoS) following the Merge upgrade....

Notably, the case has emerged among the fundamentals behind XRP’s price, considering that the ruling will have ramifications on the general crypto market. At the same time, XRP is benefiting from a temporary market rally that emerged as a positive reaction to the slowing of United States inflation. However, price projections indicate that XRP be facing a bearish sentiment in future to trade at $0.30 on Christmas Day 2022. Currently, the community is focusing on reclaiming the $0....

In this article, we’ll go over new users’ notifications on Snapchat and who and how you can see someone who joined Snapchat. Snapchat and New Users’ Notifications Generally, when you first create your Snapchat account, the app does not send a notification to anyone about you opening an account. The only notification they get is after you’ve joined the app and tried to add them to your friend list. Snapchat ends a request that a person must accept before you become a friend of theirs and start sharing snaps....

During its earnings release, TC Energy’s President and CEO François Poirier said, “While we were very disappointed by the revocation of the Presidential Permit for Keystone XL and the resulting after-tax impairment charge, we are well-positioned to deliver sustainable, high-quality growth in the years ahead.” However, after accounting for this one-time loss, TC Energy reported an adjusted profit of $1.1 billion or $1.16 per share in the March quarter. The company’s board of directors also declared a quarterly dividend of $0....

Ahead of the upgrade, the company pointed out that core engineering teams involved have carried out intensive testing and integration efforts to guarantee a positive outcome, IOHK said in a blog post published on September 16. In the post, IOHK stressed the importance of the Vasil hard fork emerging as planned. Improved smart contract functionality In particular, the upgrade is expected to enhance Cardano’s smart contract through Plutus v2. The update is set to improve the efficiency of the smart contract platform....