Kenetic’s Chu sees Bitcoin at $30,000 by year-end
02 June 2019 | 7:00 am
Jehan Chu, co-founder and managing partner at Kenetic, discusses his call on Bitcoin and how it will get to that level.
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12 Jun 2021
The Congress of El Salvador has approved a law that will classify bitcoin as legal tender in the Central American country, its president said, making it the world's first nation to adopt a cryptocurrency.
21 Jun 2021
Chinese authorities have told all crypto mining to stop, citing speculation risk and power consumption concerns. The move has hurt the share prices of Bitcoin and others.
23 Jun 2021
The price of Bitcoin dropped below the all-important $30,000-mark after China made several moves to rein in the cryptocurrency. The fall could trigger a sell-off, but experts say China isn't as important as it once was.
28 Jun 2021
What's up with Bitcoin? It's down, dropping to its lowest level since January after China announced a crackdown on cryptocurrency mining. Is it, as stated, about going green and cooling it in the nation that's home to an estimated two-thirds of the energy-sucking giant computer servers that create virtual currencies? Or is it about reining in a cottage industry that is out of not only Beijing's control, but that of central banks and regulators the world over?
19 Jul 2021
The US sanctions target officials from China's Hong Kong liaison office, which seeks to promote Chinese influence in the partly autonomous city.
23 Jul 2021
Malaysian police have hit on a novel way to dispose of more than 1,000 bitcoin-mining machines seized in raids -- crushing the devices using a steamroller. Authorities on Borneo island discovered the machines, worth an estimated 5.3 million ringgit ($1.25 million), in crackdowns between February and April, and say they were powered using stolen electricity.
26 Jul 2021
Managers in Germany are not feeling overly optimistic about the coming months, a major business confidence barometer shows. Two major concerns are clouding their outlook.
16 Aug 2021
Twitter founder Jack Dorsey has claimed that Bitcoin will "unite the world".
6 Sep 2021
In an effort to stem incidences of business failures in the corporate polity, H. Michael & Co. founder Dr. Adeyinka Hassan in commemoration of its 10th anniversary put together a conference tagged: Corporate Governance and Enterprise Development Conference. The well-attended conference examined the imperatives of corporate governance for the success of business enterprises in Nigeria, creating economic stability and business sustainability.
11 Sep 2021
El Salvador has become the first country in the world to make Bitcoin legal tender, despite surveys showing widespread scepticism about the move. The government has invested more than $20 million in the cryptocurrency in recent days, saying it will open up access to banking for many Salvadorans. Bitcoin will be accepted for payments in parallel with the US dollar. Also today, millions of Americans have lost their unemployment benefits as several pandemic-era welfare programmes have expired.
11 Sep 2021
The value of Bitcoin has plunged by more than 10 percent after El Salvador on Tuesday became the first country in the world to accept the cryptocurrency as legal tender. The launch was marred by protests and technical difficulties with the digital wallet app, which had to be taken offline for several hours. Also today, we report on tourism businesses in the southwest of France that have benefitted from the recent spell of good weather, which has prolonged their summer season.
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At least five people were killed when a 6.0 magnitude earthquake shook southern Iran. The quake's epicenter was in a comparatively sparsely populated area.
26 mins ago
A young Cameroonian activist is the force behind a quest to restitute a sacred statue stolen by a German colonialist 120 years ago. Njobati Sylvie believes restitution is integral in confronting the Cameroon's past.
26 mins ago
Activists and doctors have successfully had abortion bans temporarily blocked in several US states. In Florida, the presiding judge said that the state ban violated a woman's right to privacy.
1 hour ago
The International Monetary Fund has concluded "constructive" talks with the government of Sri Lanka over a possible bailout. The island is facing its worst economic crisis on record, with protests over food, fuel and medicine shortages. Also on the show: why France is faring better than its neighbours when it comes to inflation. Plus FRANCE 24's Madrid correspondent Sarah Morris reports on the Spanish companies suffering from a diplomatic spat with Algeria.
2 hours ago
In an interview with DW's Conflict Zone, Russian former Duma MP Ilya Ponomarev said Vladimir Putin's war aims go way beyond Ukraine. He argues that it is NATO in the Russian president's sights.
2 hours ago
Mexican President Manuel Lopez Obrador has angered the Jewish community by comparing a prominent member to Hitler. It's not the first time the leftist leader has tried to smear opponents with such comparisons.