Bitcoin News

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Wednesday, May 25, 2022

Rich Dad Poor Dad's Author Robert Kiyosaki opines Bitcoin Could touch the Bottom at $9K — Unveils Why He Remains Bullish about Bitcoin. May 25, 2022

 

The world-famous writer of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has expressed why he is still bullish about Bitcoin. He further reveals that he is waiting for the Bitcoin to test a new and fresh bottom before getting in the game, which he signalled might be as low as $9K.



Robert Kiyosaki firms the Price of Bitcoin Could see another low to $9K in the coming time.






The famous author of Rich Dad Poor Dad Book, Robert Kiyosaki, is still positive and bullish about the situation of BTC. Robert Kiyosaki is expecting the price of Bitcoin to experience a new bottom.


Rich Dad Poor Dad was written in 1997  and co-authored by  Sharon Lechter and  Robert Kiyosaki. The book has been nominated on the New York Times Best Seller List for consecutive six years. 

According to a  recent survey more than 31 million copies of the Rich Dad Poor Dad book have been sold in over 51 different languages within more than 110 countries.


Robert Kiyosaki tweeted last Wednesday, “I am still and will remain bullish on bitcoin’s future.” In addition to it, Kiyosaki is waiting for bitcoin to touch a new bottom, Robert Kiyosaki indicated that the price of bitcoin can be $20K, $14K, $11K, or even as low as $9K.


The co-author further shared his concerns to brief why his indicators are still bullish about cryptocurrency and particularly the BTC. According to him The Federal Reserve and the Treasury Department of the United States are a kind of corrupt departments and therefore, they will create catastrophic economic destruction before they get some honesty and integrity.


                                        

This is not Kiyosaki's first statement about the Biden Administration the Federal Reserve and the US Treasury department. The renowned author of Rich Dad Poor Dad has been recommending Bitcoin to financial investors for quite some time.


In March 2022, Robert Kiyosaki stated the U.S. Dollar was near to imploding, making the Biden Administration responsible for causing increasing inflation figures.


 He also strongly recommended Gold, Silver, Bitcoin (BTC), ethereum (ETH), and Solana (SOL) as an investment in the near future. He also revealed that The United States Government take initiatives to close the chapter on Cryptocurrencies and the apparent rise in the demand for cryptocurrencies could be the reason for Russia and Ukraine's ongoing territorial war. 


Because people have more trust in decentralised money than the Government-issued fiat money which has more intrinsic value than the cryptocurrencies.



What do you guys say about Robert Kiyosaki’s most recent approach to the Bullish trend of Bitcoin? Do let us know in the comments section.   


Sunday, April 17, 2022

How To Buy Bitcoin With PayPal In Canada Apr17, 2022



How To Buy Bitcoin With PayPal In Canada?



Unfortunately, cryptocurrency users can’t buy Bitcoin with PayPal in Canada due to some inevitable reasons and financial conduct PayPal does not allow its users to buy Bitcoin in Canada. However, users of Bitcoin and Cryptocurrency can buy bitcoin and major cryptocurrencies with Paypal in the USA. But keeping in mind there are a few drawbacks to buying bitcoin and cryptocurrencies with Paypal are exchange markups, higher transactional charges, and there is a restriction to buy just a limited number of cryptocurrencies using PayPal in the  USA.


Considering every aspect into account, it is no doubt a good idea to just have look at other available alternatives, such as buying Bitcoin with credit cards or if you guys are frequent users of cryptocurrencies, using the best and most reliable cryptocurrency exchange like CoinSmart. CoinSmart is usually viewed as one of the top choices for purchasing Bitcoin because of its secure and highly protected system of buying and selling bitcoin and all major cryptocurrencies offer such a simple and user-friendly interface, very nominal transactional charges that no other crypto exchange offers its users in Canada.





Can I Buy Bitcoin With PayPal In Canada?

Buying, selling and storing Bitcoin and other major cryptocurrencies with PayPal is currently only allowed in the US and some US territories (excluding Hawaii). Another important restriction is that users will pay in USD against all cryptocurrency transactions. On the other hand, the Paypal officials most recently disclosed that the administration of Paypal is closely observing and trying to figure out to provide even some bais features to its users that can buy Bitcoin and major cryptocurrencies outside the United Staes Area very soon.

 

Wednesday, April 13, 2022

10 Best Exchanges To Buy Bitcoin and Cryptos In Germany in 2022


10 Best Exchanges To Buy Bitcoin and Cryptos In Germany in 2022


Germany is considered one of those developed countries that accept licensed crypto exchanges, brokerage companies and crypto wallet providers as an essential part of the financial services industry, although in Germany we don’t find any specific cryptocurrency regulation. How to buy Bitcoin in Germany is usually asked by the users of cryptocurrency.

But an optimistic approach is that the German Banking Act and financial regulators allow banks and German financial institutions to provide and custody of cryptocurrency services. Therefore, if you are residing within the German boundaries then buying Bitcoin and other cryptocurrencies in Germany through a bank, any financial service provider, credit cards, debit cards, and using electronic payment systems is easier than in many developed and developing countries.

In this slot, we share the top 10 cryptocurrency exchanges in Germany where the users of cryptocurrency can securely buy and sell their digital assets. Buying bitcoin in Germany is no more complex and insecure. Users of cryptocurrency can now buy bitcoin using their debit and credit card even some of the cryptocurrency exchanges in Germany accept the bank wire and transfer to facilitate its cryptocurrency users. Following are the best exchanges to buy bitcoin in Germany.

Exchanges To Buy Crypto And Bitcoin in Germany


Pionex.com





Coinsmart.com





Crypto.com




Coinmama.com





Binance.com





kraken.com






Coinbase.com





Bitcoin.de






Bity.com





Cex.io







Monday, April 11, 2022

UK Financial Regulator FCA Allows 5 Cryptocurrency Firms to continue their services With a Temporary Registration Certificate.

 

Britain’s top financial regulatory authority (FCA) Financial Conduct Authority, has permitted five well-known cryptocurrency firms to carry on their services within the UK even with temporary registration certification permission. The given deadline for cryptocurrency firms to get registered with the FCA is over but according to some top officials, these five crypto firms’ applications are still in the review process and even pending.



Britain Five Cryptocurrency service providers Can Continue to Operate their business in the UK With a Temporary Registration certificate.









The United Kingdom’s Financial Conduct Authority (FCA)  issued it's updated its list of cryptocurrency asset firms operating in the UK with a temporary registration certificate on Thursday.

Total numbers of five crypto firms on the (FCA)  list: Moneybrain Ltd. Revolut Ltd., Cex.io Ltd., Copper Technologies (UK) Ltd., and  Global block Ltd., 



At the end of March 2022, officials OF the (FCA) confirmed that the Financial Conduct Authority is going to extend the registration dates for some crypto firms within the United Kingdom to complete and comply with their financial regulatory requirements.


 Currently, there were 12 cryptocurrency firms granted temporary registration certification to continue their operations. However, six crypto firms have applied to gain official permission to continue their service in the UK. According to crypto companies that are not on the latest list will not be able to operate from  April 1, 2022








The financial regulatory authority (FCA) has already officially registered 33 crypto firms at once. “Officials are reviewing cryptocurrency firms’ registration applications to make sure they are capable and meet the minimum requirements which  

Great Britain and its departments expect that those who are running these crypto firms are trustworthy, fit and have proper business esthetics and the most adequate system to keep a sharp eye on the system that can immediately scan and figure out the illegal and unauthorized flow of money from criminal activities to anywhere within the United Kingdome ” a spokesperson for the FCA recently stated.



Previously the U.K. government officials disclosed a comprehensive plan to make the United Kingdom a central place and a hub for crypto and digital currencies where people feel much more hospitable and comfortable than else anywhere else on the planet.




Another major development regarding cryptocurrency assets and part of the British Government's plan is to regulate stable coins whereas the chancellor of the Exchequer, Rishi Sunak, has asked the Royal Mint to seriously focus on creating a non-fungible token (NFT) that could be issued by the coming summer. Sunak stated: 


“It’s my passion and ambition to make the United Kingdome a global pivotal hub for crypto-asset technology, and the measures we have figured out so far and today will certainly help to ensure crypto firms can freely invest, innovate, and scale up its business activities in the UK”



What do you folks say about the FCA's lenient attitude towards extending the registration deadline for five cryptocurrency firms in the UK? Let us know about your opinion in the comments section below.


Thursday, February 17, 2022

Charlie Munger From Berkshire Hathaway’s says Government Must Ban The Bitcoin,Cryptos “Dangerous Disease” Munger Remarks

 

Vice-chairman of Berkshire Hathaway Mr Charlie Munger and the very close person to Warrant Buffett’s recently states that I wish crypto should be banned by the official without delay. He says the Govt and concerned authorities made a huge blunder to allow Bitcoin and Cryptocurrencies, its all are no more than a suffocating disease in his opinion.


Charlie Munger the right Hand of Warrant Buffett’s Declares, It was a great blunder to permit the Cryptos.


Warrant Buffett’s right hand and his old business partner Mr Charlie Munger commented about Bitcoin and Cryptocurrencies most recently on Wednesday in the slot of an interview with Yahoo Finance before the annual shareholders meeting where he is supposed to serve the meeting as chairman.

Most recently Charlie Munger tagged Bitcoin a kind of poison and he told last year that he doesn’t like Bitcoins and cryptocurrencies to be successful at all. Munger was asked by the media personnel that he is not surprised that Bitcoin is viewed as a mainstream cryptocurrency since that time.


The vice-chairman of Berkshire Hathaway said it's better to stop thinking about Bitcoin because it seems only ideal if you wish to commit any kidnapping, extortion or any illegal act.


He further added I don’t really understand why should a civilized country or the Govt allow such a payment system that is almost untraceable and controlled by a bunch of few people who are only aiming to fill their pockets as quickly as they can. The people like them have no record of making any contribution to the development of civilization. I don’t just like it rather I hate it.   


He further elaborated that



It's not good at all for our country to be crazy about Bitcoin and cryptocurrencies, I think the Chinese communists seems wiser than us, as they just banned all these activities. 






He was also questioned about the future development or if he had any prediction about Bitcoin in the United States


“ Sorry guys you just allowed a bad spirit to come out from the bottle, Only God Knows what is going to happen with Bitcoins “



Munger said “It was a huge blunder to allow the Bitcoin at all”



Moreover, Charlie Munger added to his comments about the regulation of cryptocurrencies.” The matter of the fact is one, “when the concerns from the regulatory authorities are out of the Govt they stand in the favour of Bitcoin and runs heavy campaigns to promote such funky currencies like capitalists, therefore, I don’t expect any fair or positive decisions to be made by the authorities. 



During the Daily Journal meeting, Charlie Munger emphasized that I ever wish about cryptocurrencies to be banned with no more delay and I also appreciate the Chinese for banning such baseless currencies.


Munger also responded to a question “ I did not invest in the cryptos and has no intentions to invest in future too as Bitcoin and cryptocurrencies are fatal diseases".


Munger also advised the financial investors not to invest in the cryptos at all. The whole bloody boom will disperse soon and it is completely against the interests of the civilisations.


What do you folks think about Charlie Munger’s views about Bitcoin and cryptocurrencies? Let us know in the comments section below.

Tuesday, February 15, 2022

The Largest South Asian Bank DBS Plans to Launch Crypto Currency Trading for Its Retail Investor

 

DBS, the renowned and largest South Asian Bank is seriously planning to offer the facility of cryptocurrency trading to its retail customers in the current year as the Bank’s CEO disclosed. The CEO further added that the core team of the DBS Bank is closely watching to make digital assets easy access to its retail investors by the first half of 2022. The team is also working on other ways out to provide more convenience for its customers to make cryptocurrencies a part of their trading portfolios.


DBS Bank to make crypto Trading accessible to its Retail Investors



DBS a leading Bank in South East Asia by its worth of assets is seriously pondering to offer cryptocurrency trading to its retail customers.


During a recently held meeting on Monday sharing the first-quarter earnings figures of the Bank, Mr Piyush Gupta was asked if there any plan or road map to incorporate the cryptocurrencies into its trading portfolio as the retail investors of DBS bank can potentially contribute to the growth of the institution.   


Mr Gupta said:


We are seriously focusing on the matter of making digital assets an easy approach to our retail investors either in the first or second half of this year 2022 with a lot more convenience”

 

He further explained all we are planning to make these services 24/7 as customer needs to call and speak with a banker when it is necessary. We are trying our best to make the maximum an online self-service and error less system to facilitate our retail clients.

 

The DBS CEO further explained that we are working round the clock to make this facility sensible and beneficial and technically reviewing all possible ways to expand this system of digital currencies beyond our investors in all safe and well-protected ways to avoid fraud.



DBS bank opened a cryptocurrency exchange back in December 2022. The DBS bank later on offered

 A trust service regarding cryptocurrencies in May 2021 after the successful launch of its first security token.


Moreover, DBS bank also got the official approval from the concerned Monitory Authorities the Central Bank to offer its crypto services.


What do you think about the DBS launch of cryptocurrency trading services to its retail investors?. Do let us know in the comments. 

Crypto Assets and NFTs Blocked by The UK Authorities

 

The United Kingdome’s HM Revenue and Customs department disclosed on Monday that their officials have blocked and seized three different (NFT) Non-fungible Tokens and crypto’s worth of 5K Pounds Sterling’s in and under investigation scam case. Moreover, three people have also been taken into the custody of UK authorities in connection with the same scam.  


The UK officials from the Tax, payments and Customs department further disclosed that It was the first-ever taken step against the closure of NFT’s and Cryptocurrency assets.
The under investigation (VAT) Value added Tax repayment scam also involves another 250 fake companies that caused $1.9 million worth of loss to the National Tax and Revenue department. 

The accused persons made several attempts to claim the fake VAT amount which they were not awed. In addition to it, the arrested guys used fake IDs, Unregistered prepaid sim cards and completely fake business invoices to prove their business activities. 

The Deputy Director of UK HRMC “Nick Sharp” further added


"This is the first seizure of NFTs in the UK and a clear message to those indented to hide their income from HRMC"   


We are constantly watching and exploring the new ways and systems to get those red-handed who are planning to hide their identity in order to plot any fraud with State Department  


What do you guys say about this seizure of NFTs by the UK HMRC?. Do let us know about it in the comments.