
Chinese FUD incoming: “Bitcoin doesn’t have any value”
Another statement from Chinese government execs shows that they still don’t consider any value for cryptocurrencies like Bitcoin. People’s Bank of China still states that these
Bitcoin (BTC) is a digital currency created in 2009 by an unknown person using the alias Satoshi Nakamoto. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer Bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a publicly distributed ledger called a blockchain

Another statement from Chinese government execs shows that they still don’t consider any value for cryptocurrencies like Bitcoin. People’s Bank of China still states that these

The latest data shows that a large amount of BTC has moved to exchanges that show a new record and may result in more volatility. The

Substack, an Andreessen Horowitz-backed publishing platform, has started accepting Bitcoin as payments through payment processor OpenNode.

Bitcoin climbs back to $50K on Monday morning amid PayPalās launch of crypto services in the UK. Bitcoin was last seen at $50K levels in May.

Global investment manager VanEck has filed with the US Securities and Exchange Commission (SEC) for Bitcoin strategy futures exchange traded fund (ETF) after SEC Chair hints signals an openness to a Bitcoin futures ETF.

Wells Fargo, an American multinational financial services company with corporate, is now offering its wealthy clients exposure to Bitcoin and cryptocurrencies through the bank.
![Bitcoin [BTC] sees resurgence in active entities as price flirts with $40K](https://crypto-economy.com//wp-content/uploads/2021/07/ralph-mayhew-aIxIwhwKsLc-unsplash-e1627655130886.jpg)
After swiftly bouncing off lower lows, Bitcoin’s [BTC] tryst near the $40K was anything but smooth-sailing. The asset shed over 3% gains and was back below
![Here's what Bitcoin [BTC] whales are doing as market tussles with 'dead cat bounce'](https://crypto-economy.com//wp-content/uploads/2021/07/logan-fisher-v06XQT0XwVU-unsplash-scaled-e1627386832532.jpg)
Bitcoin’s [BTC] downturn following the latest FUD has stalled as price fortified the support at $37K. Market players were disappointed after e-commerce giant Amazon denied rumors

Teslaās Q2 financial report has confirmed Elon Musk earlier claims that his electric automaker has not sell any Bitcoin. The companyās Q2 unaudited balance sheet shows a net Bitcoin value of $1.311 billion as of June 30, which is same as of March 31, considering the $23 million impairment loss related to Bitcoin and other.
![Bitcoin [BTC]](https://crypto-economy.com//wp-content/uploads/2021/07/brian-wangenheim-oP92PpqgU-4-unsplash-1-e1627050961322.jpg)
After a magnificent rise above $65K, Bitcoin [BTC], the world’s largest cryptocurrency saw two major crashes. The latest one happened to be the second-largest since April
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