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Brechen die USA die Anonymisierung bei Krypto-Geschäften auf?
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Time To Switch To Satoshis Says Galaxy Digital CEO Novogratz
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Turkey, India and China Look to Ban Crypto, U.S., Germany and Iran Move to Use It
On 5/6/21 at 2:11 PM EDT
The emergence of Bitcoin has sparked a schizophrenic response: Investors embrace it, but some governments scorn cryptocurrencies while others seek to ban them.
Bitcoin fell about 4% last month after Turkey s central bank prohibited the use of crypto in commerce, citing the danger of irreparable damage and transactional risk. Their use in payments may cause non-recoverable losses for the parties to the transactions, and include elements that may undermine the confidence in methods and instruments used currently in payments, Turkey s central bank said when it announced the ban.
Bitcoin: Will it Bounce Back From the April Dip?
More on: Image source: Getty Images
Bitcoin and the broader crypto market ran into turbulence in the last weeks of April. The top digital currency was trading above US$57,000 in early afternoon trading on May 3. Crypto has well and truly burst into the mainstream over the past year. Moreover, crypto markets have proven resilient in bouncing back from dips in recent months. Is this another buying opportunity? Let’s dive in.
Why Bitcoin and cryptocurrencies hit rough waters in April
Last month, I’d discussed the reasons bitcoin encountered volatility. The weekend of April 17-18 saw a massive power outage in the Chinese autonomous region of Xinjiang. According to the Cambridge Bitcoin Energy Consumption Index, Xinjiang represents nearly 25% of the global hash rate.
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