Posted in bitcoins Статьи

UBS Bank to Apply Zero Interest Rate on Savings Accounts

On June 1, the biggest Switzerland bank will cease paying interest on adult saving accounts according to a report published on swissinfo.ch

UBS already applies a zero interest rate for accounts bigger than half a million Swiss francs.

Accounts smaller than half a million right now acquire a rate of 0.01%, the same as at Credit Suisse, the other big bank in Switzerland. Other banks pay a small rate which averages at 0.07%.

In a statement for the news agency the bank noted:

“UBS assumes that this phase of very low interest rates will continue for some time to come.

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Posted in bitcoin bitcoins Статьи

Telecom Giant AT&T, Accepting Payments in Bitcoin

The largest telecommunications company in the world AT&T announced to accept now payments in Bitcoin via Bitpay.

AT&T Now Accepts Bitcoin

As indicated by a May 23 announcement on att.com, AT&T becomes the first mobile carrier in the U.S. to offer the option to pay with bitcoin for their packages.

“AT&T* will now accept online bill payments through BitPay, a respected cryptocurrency payment processor. AT&T becomes the first major U.S. mobile carrier to provide a cryptocurrency payment option to customers.”  The announcement noted.

VP Kevin McDorman, AT&T vice president of Communications Finance Business Operations said in the announcement:

“We’re always

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Posted in bitcoin bitcoins Статьи

Is “New York Post” Going to Zero, Allowing This Low-Quality Article About Bitcoin

A weird short article was posted yesterday on New York Post newspaper, titled “Bitcoin will soon be worth zero”.

There is nothing wrong having an opinion against bitcoin or crypto in general but the strange thing is that no argument is given except that Mario Draghi doesn’t like bitcoin.

Here it is the whole article in the screenshot below.

Of course, Bitcoin is a threat to the banking business, so it is normal that bankers don’t like it, but it is not an argument.

The New York Post columnist John Crudele who wrote this article seems to have also … Read the rest

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Posted in bitcoin bitcoins Статьи

Crypto Lawyer: No Time For Hopium About VanEck Bitcoin ETF

This is no time for ETF hopium. If the SEC doesn’t delay the VanEck bitcoin ETF proposal, the most likely result is rejection, not approval. The SEC delayed Bitwise last week, but still hasn’t made a decision on VanEck. Here’s why that’s a bad sign for ETF bulls.

The Bitwise & VanEck proposals were published in the Federal Register on February 15 & 20 respectively. Those dates triggered the SEC’s deadlines for reviewing the ETFs. I covered the SEC’s ETF process & timeline here:

Heading into Blockchain Week, Bitwise & VanEck were coming up on their 90-day deadlines for … Read the rest

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Posted in bitcoin bitcoins Статьи

During the 2017 Bull Market, Bitcoin Price Moved From $5,000 to $20,000 in Only Two Months

We are leaving behind one of the must painful bear markets in the Bitcoin history. Bitcoin hit $20,000 in December 2017 and then the price came back to $3,200 in December 2018.

Bitcoin market cycles seem to be faster than cycles in traditional markets. In only 10 years Bitcoin had 5 cycles characterized by high volatility and has been declared dead several times.

However, the high volatility and short cycles are normal for a new class asset. Meanwhile, the adoption expands more the volatility decreases and cycles might become longer.

Bear markets are usually a good time for development. During … Read the rest

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Posted in bitcoins Статьи

The Court Allows Bitfinex and Tether to Continue Their Normal Operations

New York judge Joel Cohen granted iFinex, the parent company of Bitfinex and Tether the motion to modify the preliminary injunction the New York Attorney General (NY AG), filed against the company.

The motion expresses that because of dubiousness and being over the edge of limits, the injunction should be changed to be more limited in scope, and not affect the normal Bitfinex’s business activity.

“The Court finds that the preliminary injunction should be tailored to address OAG’s legitimate law enforcement concerns while not unnecessarily interfering with Respondents’ legitimate business activities. The Petitioner [NYAG] contends that she does not intend

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