Schottz Investimentos

The Central Bank of Sri Lanka has published a warning notice about the risks associated with cryptocurrency as interest and trading volumes of bitcoin and other cryptocurrencies surge locally and globally. The Central Bank of Sri Lanka has published a notice regarding cryptocurrency. “Considering the recent inquiries on virtual currency usage in the international and domestic markets, the Central Bank of Sri Lanka (CBSL) wishes to inform the public of the risks associated with investing in virtual currencies,” the notice published Friday reads. In describing what cryptocurrency is, the central bank explained that virtual currencies (VCs) “are also commonly referred to as cryptocurrencies,” noting that popular ones include bitcoin, ethereum, and litecoin. The Sri Lankan monetary authority cautioned: There are no regulatory safeguards relating to the usage, investment or dealing in VCs in Sri Lanka. Therefore, investing or using VCs in Sri Lanka poses significant risks. The central bank ...

The American business magazine Forbes recently published the company’s 2021 documentation of the wealthiest billionaires in the world. According to the list published annually every March, there are now 12 billionaires that work directly within the cryptocurrency industry and the list of crypto billionaires is 3x larger than last year. Since March 1987, Forbes has been publishing a list of the world’s wealthiest billionaires compiled in a list for the public to view. Back then the Japanese businessman and real-estate mogul Yoshiaki Tsutsumi was the richest person in 1987 with an estimated wealth of around $20 billion. Since then, and every year after, Forbes has deployed around 50 journalists to find and track the globe’s richest people. In 2021, Amazon’s Jeff Bezos is the wealthiest man in the world with an estimated $177 billion. Bezos was the first human on earth to be listed on Forbes as a centibillionaire. Bezos is followed by the dogecoin (DOGE) fan and Tesla CEO Elon Musk with...

Mike Novogratz, the CEO of Galaxy Digital and bitcoin bull has warned that the United States’ failure to have its own digital currency could be an “existential crisis.” However, the CEO says the country’s fate is still in its hands. Novogratz made these comments a few days after former U.S. Secretary of State, Mike Pompeo suggested that the United States is not going to have a digital dollar anytime soon. Still, Novogratz tells an interviewer that the United States’ success on this front will be dependent on the way the country manages its fiscal and monetary policies. He said: If our fiscal and monetary policy starts looking like it is from a Banana Republic…you are going to run into some Minsky moment where confidence breaks down. According to the report, a Minsky moment, which was espoused by the late Hyman Minsky, suggests “that a period of distortions in the financial system eventually ends very badly.” The U.S. has injected trillions of dollars into its economy and reports sugg...

In mid-January, Bitcoin.com’s newsdesk wrote about the popular artist and Youtuber, Alicia Dawn “Ali” Spagnola after she “accidentally got bitcoin rich” from her Free Paintings project. Since then, a great number of people told her to create a non-fungible token (NFT) asset with her artwork, so she decided to execute the idea after many requests. Spagnola chose to mint an NFT that stems from a combination of the 2,809 free paintings she’s created during the last 14 years. In her recent video on Youtube, Ali Spagnola is hoping to entice elite NFT collectors ( Beeple buyers ) with all of the hard work she spent on her “ Free Paintings ” project. Spagnola is a popular musician and artist with 345,000 Youtube subscribers, a large following on Tiktok, 2.4 million followers on Twitter. While focusing on her content creation and career, Spagnola started a project 14 years ago where she’s been giving away free paintings by request. To date, she’s distributed 2,809 free paintings to people all...

Nasdaq-listed Microstrategy, which has amassed nearly 100K bitcoins in its treasury, has modified its compensation agreements for the board of directors. The company will now pay non-employee directors in bitcoin, citing its commitment to the cryptocurrency “given its ability to serve as a store of value, supported by a robust and public open-source architecture, untethered to sovereign monetary policy.” Microstrategy Inc. (NASDAQ: MSTR) has filed a form with the U.S. Securities and Exchange Commission (SEC) stating that its Board of Directors has “modified the compensation arrangements for non-employee directors.” The filing explains, “Going forward, non-employee directors will receive all fees for their service on the company’s Board in bitcoin instead of cash,” adding: In approving bitcoin as a form of compensation for Board service, the Board cited its commitment to bitcoin given its ability to serve as a store of value, supported by a robust and public open-source architecture, un...

While bitcoin’s price has been consolidating for quite some time now, every now and then bulls have tried to press the price past the psychological all-time high captured in March. Meanwhile, a few bitcoiners have been saying that the bull market is “just getting started” even though the price has multiplied in value quite a bit. The financial entrepreneur Dave Levine has a bone to pick with these statements, after he insists the bottom was back in December 2018. Levine wholeheartedly believes, as far as the bull run is concerned, “it’s year 3 of the bull; the top of the 7th inning.” It’s only natural for a large group of investors who have been watching an asset rise relentlessly to believe that the asset will continue its upward trajectory for a very long time. Of course, many crypto proponents are all about the ‘long game’ and are willing to hold their crypto assets for 5, 10, and even 20 years or longer. There’s also a great number of people who have high expectations about the cur...

The Central Bank of Nigeria (CBN) has recently suspended the provision of the bank validation number (BVN) service to all fintech and third-party partners. The decision means non-banks entities include crypto startups “have lost one of the most comprehensive means of identity verification in the country.” Before the latest decision, the CBN accepted the use of the BVN alongside any other acceptable identity documents for KYC purposes. According to the apex bank, this service helped to “check risk and determine whether or not there is an element of money laundering, fraud and other corruption-related activities.” However, as one local media report explains, the central bank’s sudden decision may be linked to the Federal government’s determination to change Nigeria’s identification system. The report says: Over the last few months, the Federal government has been changing the unique means of identification of all agencies, parastatal and industries to National Identification Numbers (NI...