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- UBEKNUBEKN
  ·2021-05-12
  Let's use the phone a bit longer
  FCC studying impact on chips shortage on U.S. communications sector
  WASHINGTON, May 11 (Reuters) - The Federal Communications Commission $(FCC.AU)$ on Tuesday said it w
  FCC studying impact on chips shortage on U.S. communications sector
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- UBEKNUBEKN
  ·2021-05-12
  Will price of phones go up...let's use thebphone a bit longer..[OK]
  FCC studying impact on chips shortage on U.S. communications sector
  WASHINGTON, May 11 (Reuters) - The Federal Communications Commission $(FCC.AU)$ on Tuesday said it w
  FCC studying impact on chips shortage on U.S. communications sector
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- UBEKNUBEKN
  ·2021-04-16
  One step backward for Bitcoin
  Bitcoin falls as Turkey bans cryptocurrency payments
  Turkey’s central bank cited excessive volatility and a lack of regulation as reasons for the ban. B
  Bitcoin falls as Turkey bans cryptocurrency payments
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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFCC studying impact on chips shortage on U.S. communications sector\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-05-12 08:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>WASHINGTON, May 11 (Reuters) - The Federal Communications Commission <a href=\"https://laohu8.com/S/FCC.AU\">$(FCC.AU)$</a> on Tuesday said it was seeking comments on the impact the continuing global shortage of semiconductors is having on the U.S. communications sector.</p><p>The supply shortage has especially hit the U.S. auto industry hard, the FCC noted, as automakers have sharply cut production because of a lack of chips. Ford Motor Co    has warned the shortage could halve second-quarter production.</p><p>An industry group warned in April that broadband providers were facing chip delays, resulting in delays delivering some cable TV boxes and seeing delayed \"network switches, routers, and servers.\"</p><p>The group said semiconductors shortages \"will result in hundreds of millions of dollars in impact to the broadband and cable television industry this year.\"</p><p>The FCC asks \"what steps can be taken to prevent similar challenges in the future, particularly those challenges related to unanticipated, catastrophic, global events?\" and to what extent shortages are driving \"changes to the communications industry more broadly.\"</p><p>\"We are pursuing a proactive strategy to help build a more secure, resilient, and next-generation communications supply chain,\" said Acting FCC Chairwoman Jessica Rosenworcel in a statement.</p><p>On Tuesday, some of the world's biggest chip buyers, including Apple Inc   , Microsoft Corp    and Alphabet Inc's    Google, joined top chip-makers such as Intel Corp    to create a new lobbying group to press for government chip manufacturing subsidies.</p><p>The new group asked U.S. lawmakers to provide funding to boost U.S. chips production, for which President Joe Biden has asked Congress to provide $50 billion.</p><p>Automakers want the Biden administration to secure chip supply for car factories   but tech companies oppose favoring a single industry.</p><p>Tech companies such as Apple are also being hit by the chip shortage, but less severely.</p><p>The iPhone maker said last month it will lose $3 billion to $4 billion in sales in the current quarter ending in June because of the chip shortage, but that equates to just a fraction of the $72.9 billion in sales analyst expect for Apple's fiscal third quarter, according to Refinitiv revenue estimates.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","09086":"华夏纳指-U","03086":"华夏纳指","QNETCN":"纳斯达克中美互联网老虎指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2134693665","content_text":"WASHINGTON, May 11 (Reuters) - The Federal Communications Commission $(FCC.AU)$ on Tuesday said it was seeking comments on the impact the continuing global shortage of semiconductors is having on the U.S. communications sector.The supply shortage has especially hit the U.S. auto industry hard, the FCC noted, as automakers have sharply cut production because of a lack of chips. Ford Motor Co    has warned the shortage could halve second-quarter production.An industry group warned in April that broadband providers were facing chip delays, resulting in delays delivering some cable TV boxes and seeing delayed \"network switches, routers, and servers.\"The group said semiconductors shortages \"will result in hundreds of millions of dollars in impact to the broadband and cable television industry this year.\"The FCC asks \"what steps can be taken to prevent similar challenges in the future, particularly those challenges related to unanticipated, catastrophic, global events?\" and to what extent shortages are driving \"changes to the communications industry more broadly.\"\"We are pursuing a proactive strategy to help build a more secure, resilient, and next-generation communications supply chain,\" said Acting FCC Chairwoman Jessica Rosenworcel in a statement.On Tuesday, some of the world's biggest chip buyers, including Apple Inc   , Microsoft Corp    and Alphabet Inc's    Google, joined top chip-makers such as Intel Corp    to create a new lobbying group to press for government chip manufacturing subsidies.The new group asked U.S. lawmakers to provide funding to boost U.S. chips production, for which President Joe Biden has asked Congress to provide $50 billion.Automakers want the Biden administration to secure chip supply for car factories   but tech companies oppose favoring a single industry.Tech companies such as Apple are also being hit by the chip shortage, but less severely.The iPhone maker said last month it will lose $3 billion to $4 billion in sales in the current quarter ending in June because of the chip shortage, but that equates to just a fraction of the $72.9 billion in sales analyst expect for Apple's fiscal third quarter, according to Refinitiv revenue estimates.","news_type":1,"symbols_score_info":{"QNETCN":0.9,"AAPL":0.9,"03086":0.9,"09086":0.9}},"isVote":1,"tweetType":1,"viewCount":1327,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193878740,"gmtCreate":1620781919980,"gmtModify":1704348261866,"author":{"id":"3581536804783212","authorId":"3581536804783212","name":"UBEKN","avatar":"https://static.tigerbbs.com/c0004d21219d83d45fff73f0feacfb70","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581536804783212","idStr":"3581536804783212"},"themes":[],"htmlText":"Will price of phones go up...let's use thebphone a bit longer..[OK]&nbsp;","listText":"Will price of phones go up...let's use thebphone a bit longer..[OK]&nbsp;","text":"Will price of phones go up...let's use thebphone a bit longer..[OK]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/193878740","repostId":"2134693665","repostType":4,"repost":{"id":"2134693665","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1620780916,"share":"https://ttm.financial/m/news/2134693665?lang=en_US&edition=fundamental","pubTime":"2021-05-12 08:55","market":"us","language":"en","title":"FCC studying impact on chips shortage on U.S. communications sector","url":"https://stock-news.laohu8.com/highlight/detail?id=2134693665","media":"Reuters","summary":"WASHINGTON, May 11 (Reuters) - The Federal Communications Commission $(FCC.AU)$ on Tuesday said it w","content":"<p>WASHINGTON, May 11 (Reuters) - The Federal Communications Commission <a href=\"https://laohu8.com/S/FCC.AU\">$(FCC.AU)$</a> on Tuesday said it was seeking comments on the impact the continuing global shortage of semiconductors is having on the U.S. communications sector.</p><p>The supply shortage has especially hit the U.S. auto industry hard, the FCC noted, as automakers have sharply cut production because of a lack of chips. Ford Motor Co    has warned the shortage could halve second-quarter production.</p><p>An industry group warned in April that broadband providers were facing chip delays, resulting in delays delivering some cable TV boxes and seeing delayed \"network switches, routers, and servers.\"</p><p>The group said semiconductors shortages \"will result in hundreds of millions of dollars in impact to the broadband and cable television industry this year.\"</p><p>The FCC asks \"what steps can be taken to prevent similar challenges in the future, particularly those challenges related to unanticipated, catastrophic, global events?\" and to what extent shortages are driving \"changes to the communications industry more broadly.\"</p><p>\"We are pursuing a proactive strategy to help build a more secure, resilient, and next-generation communications supply chain,\" said Acting FCC Chairwoman Jessica Rosenworcel in a statement.</p><p>On Tuesday, some of the world's biggest chip buyers, including Apple Inc   , Microsoft Corp    and Alphabet Inc's    Google, joined top chip-makers such as Intel Corp    to create a new lobbying group to press for government chip manufacturing subsidies.</p><p>The new group asked U.S. lawmakers to provide funding to boost U.S. chips production, for which President Joe Biden has asked Congress to provide $50 billion.</p><p>Automakers want the Biden administration to secure chip supply for car factories   but tech companies oppose favoring a single industry.</p><p>Tech companies such as Apple are also being hit by the chip shortage, but less severely.</p><p>The iPhone maker said last month it will lose $3 billion to $4 billion in sales in the current quarter ending in June because of the chip shortage, but that equates to just a fraction of the $72.9 billion in sales analyst expect for Apple's fiscal third quarter, according to Refinitiv revenue estimates.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>FCC studying impact on chips shortage on U.S. communications sector</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFCC studying impact on chips shortage on U.S. communications sector\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-05-12 08:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>WASHINGTON, May 11 (Reuters) - The Federal Communications Commission <a href=\"https://laohu8.com/S/FCC.AU\">$(FCC.AU)$</a> on Tuesday said it was seeking comments on the impact the continuing global shortage of semiconductors is having on the U.S. communications sector.</p><p>The supply shortage has especially hit the U.S. auto industry hard, the FCC noted, as automakers have sharply cut production because of a lack of chips. Ford Motor Co    has warned the shortage could halve second-quarter production.</p><p>An industry group warned in April that broadband providers were facing chip delays, resulting in delays delivering some cable TV boxes and seeing delayed \"network switches, routers, and servers.\"</p><p>The group said semiconductors shortages \"will result in hundreds of millions of dollars in impact to the broadband and cable television industry this year.\"</p><p>The FCC asks \"what steps can be taken to prevent similar challenges in the future, particularly those challenges related to unanticipated, catastrophic, global events?\" and to what extent shortages are driving \"changes to the communications industry more broadly.\"</p><p>\"We are pursuing a proactive strategy to help build a more secure, resilient, and next-generation communications supply chain,\" said Acting FCC Chairwoman Jessica Rosenworcel in a statement.</p><p>On Tuesday, some of the world's biggest chip buyers, including Apple Inc   , Microsoft Corp    and Alphabet Inc's    Google, joined top chip-makers such as Intel Corp    to create a new lobbying group to press for government chip manufacturing subsidies.</p><p>The new group asked U.S. lawmakers to provide funding to boost U.S. chips production, for which President Joe Biden has asked Congress to provide $50 billion.</p><p>Automakers want the Biden administration to secure chip supply for car factories   but tech companies oppose favoring a single industry.</p><p>Tech companies such as Apple are also being hit by the chip shortage, but less severely.</p><p>The iPhone maker said last month it will lose $3 billion to $4 billion in sales in the current quarter ending in June because of the chip shortage, but that equates to just a fraction of the $72.9 billion in sales analyst expect for Apple's fiscal third quarter, according to Refinitiv revenue estimates.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","09086":"华夏纳指-U","03086":"华夏纳指","QNETCN":"纳斯达克中美互联网老虎指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2134693665","content_text":"WASHINGTON, May 11 (Reuters) - The Federal Communications Commission $(FCC.AU)$ on Tuesday said it was seeking comments on the impact the continuing global shortage of semiconductors is having on the U.S. communications sector.The supply shortage has especially hit the U.S. auto industry hard, the FCC noted, as automakers have sharply cut production because of a lack of chips. Ford Motor Co    has warned the shortage could halve second-quarter production.An industry group warned in April that broadband providers were facing chip delays, resulting in delays delivering some cable TV boxes and seeing delayed \"network switches, routers, and servers.\"The group said semiconductors shortages \"will result in hundreds of millions of dollars in impact to the broadband and cable television industry this year.\"The FCC asks \"what steps can be taken to prevent similar challenges in the future, particularly those challenges related to unanticipated, catastrophic, global events?\" and to what extent shortages are driving \"changes to the communications industry more broadly.\"\"We are pursuing a proactive strategy to help build a more secure, resilient, and next-generation communications supply chain,\" said Acting FCC Chairwoman Jessica Rosenworcel in a statement.On Tuesday, some of the world's biggest chip buyers, including Apple Inc   , Microsoft Corp    and Alphabet Inc's    Google, joined top chip-makers such as Intel Corp    to create a new lobbying group to press for government chip manufacturing subsidies.The new group asked U.S. lawmakers to provide funding to boost U.S. chips production, for which President Joe Biden has asked Congress to provide $50 billion.Automakers want the Biden administration to secure chip supply for car factories   but tech companies oppose favoring a single industry.Tech companies such as Apple are also being hit by the chip shortage, but less severely.The iPhone maker said last month it will lose $3 billion to $4 billion in sales in the current quarter ending in June because of the chip shortage, but that equates to just a fraction of the $72.9 billion in sales analyst expect for Apple's fiscal third quarter, according to Refinitiv revenue estimates.","news_type":1,"symbols_score_info":{"QNETCN":0.9,"AAPL":0.9,"03086":0.9,"09086":0.9}},"isVote":1,"tweetType":1,"viewCount":1665,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":370144487,"gmtCreate":1618566986349,"gmtModify":1704712829957,"author":{"id":"3581536804783212","authorId":"3581536804783212","name":"UBEKN","avatar":"https://static.tigerbbs.com/c0004d21219d83d45fff73f0feacfb70","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581536804783212","idStr":"3581536804783212"},"themes":[],"htmlText":"One step backward for Bitcoin","listText":"One step backward for Bitcoin","text":"One step backward for Bitcoin","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370144487","repostId":"1173833495","repostType":4,"repost":{"id":"1173833495","kind":"news","pubTimestamp":1618565956,"share":"https://ttm.financial/m/news/1173833495?lang=en_US&edition=fundamental","pubTime":"2021-04-16 17:39","market":"us","language":"en","title":"Bitcoin falls as Turkey bans cryptocurrency payments","url":"https://stock-news.laohu8.com/highlight/detail?id=1173833495","media":"MarketWatch","summary":"Turkey’s central bank cited excessive volatility and a lack of regulation as reasons for the ban.\n\nB","content":"<blockquote>\n Turkey’s central bank cited excessive volatility and a lack of regulation as reasons for the ban.\n</blockquote>\n<p>Bitcoin fell early on Friday, after Turkey’s central bank decided to ban the use of cryptocurrencies for payments from the end of the month.</p>\n<p>The Central Bank of the Republic of Turkey (CBRT) cited a number of reasons for the ban, including a lack of “supervision mechanisms” and “central authority regulation” for crypto assets.</p>\n<p>It said that market values can be “excessively volatile,” adding that digital wallets can be stolen or used unlawfully and that transactions were irrevocable.</p>\n<p>The benchmark cryptocurrency BTCUSD, -4.59% slipped 4% to $60,902, after reaching all-time highs above $64,000 earlier this week ahead of crypto exchange platform Coinbase’s COIN, -1.68% initial public offering. Ether ETHUSD, -5.20%, the world’s second-most prominent crypto, also fell 3.9%.</p>\n<p>“Payment service providers cannot develop business models in a way that crypto assets are used directly or indirectly in the provision of payment services and electronic money issuance, and cannot provide any services related to such business models,” according to the new regulation.</p>\n<p>The CBRT said it had taken the decision amid a rise in the use of crypto assets to make payments.</p>\n<p>Last month, Tesla Chief Executive Elon Musk said Americans could now buy a Tesla with bitcoin and that people outside the U.S. would be able to do the same later this year. Electric-car maker Tesla TSLA, +0.90% said it acquired $1.5 billion worth of bitcoin in February, announcing plans to also use it as a form of payment. Online payments service PayPal PYPL, +2.54% also started letting U.S. customers purchase items with cryptocurrencies at the end of March.</p>\n<p>But the CBRT said crypto asset payments came with “significant risks.”</p>\n<p>“It is considered the use in payments may cause nonrecoverable losses for the parties to the transactions due to the above-listed factors and they include elements that may undermine the confidence in methods and instruments used currently in payments,” it said.</p>\n<p>Turkey isn’t the only country looking to take tough measures on digital assets. India is reportedly set to propose a law banning cryptocurrencies and making trading or even holding assets punishable with a fine. The bill was included in a government agenda in January, which also referenced plans to create an official digital currency issued by the Reserve Bank of India. “The bill also seeks to prohibit all private cryptocurrencies in India, however, it allows for certain exceptions to promote the underlying technology of cryptocurrency and its uses,” according to the agenda.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin falls as Turkey bans cryptocurrency payments</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin falls as Turkey bans cryptocurrency payments\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 17:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/bitcoin-falls-as-turkey-bans-cryptocurrency-payments-11618565622?mod=mw_latestnews><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Turkey’s central bank cited excessive volatility and a lack of regulation as reasons for the ban.\n\nBitcoin fell early on Friday, after Turkey’s central bank decided to ban the use of cryptocurrencies ...</p>\n\n<a href=\"https://www.marketwatch.com/story/bitcoin-falls-as-turkey-bans-cryptocurrency-payments-11618565622?mod=mw_latestnews\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","PYPL":"PayPal","BTC":"Grayscale Bitcoin Mini Trust"},"source_url":"https://www.marketwatch.com/story/bitcoin-falls-as-turkey-bans-cryptocurrency-payments-11618565622?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173833495","content_text":"Turkey’s central bank cited excessive volatility and a lack of regulation as reasons for the ban.\n\nBitcoin fell early on Friday, after Turkey’s central bank decided to ban the use of cryptocurrencies for payments from the end of the month.\nThe Central Bank of the Republic of Turkey (CBRT) cited a number of reasons for the ban, including a lack of “supervision mechanisms” and “central authority regulation” for crypto assets.\nIt said that market values can be “excessively volatile,” adding that digital wallets can be stolen or used unlawfully and that transactions were irrevocable.\nThe benchmark cryptocurrency BTCUSD, -4.59% slipped 4% to $60,902, after reaching all-time highs above $64,000 earlier this week ahead of crypto exchange platform Coinbase’s COIN, -1.68% initial public offering. Ether ETHUSD, -5.20%, the world’s second-most prominent crypto, also fell 3.9%.\n“Payment service providers cannot develop business models in a way that crypto assets are used directly or indirectly in the provision of payment services and electronic money issuance, and cannot provide any services related to such business models,” according to the new regulation.\nThe CBRT said it had taken the decision amid a rise in the use of crypto assets to make payments.\nLast month, Tesla Chief Executive Elon Musk said Americans could now buy a Tesla with bitcoin and that people outside the U.S. would be able to do the same later this year. Electric-car maker Tesla TSLA, +0.90% said it acquired $1.5 billion worth of bitcoin in February, announcing plans to also use it as a form of payment. Online payments service PayPal PYPL, +2.54% also started letting U.S. customers purchase items with cryptocurrencies at the end of March.\nBut the CBRT said crypto asset payments came with “significant risks.”\n“It is considered the use in payments may cause nonrecoverable losses for the parties to the transactions due to the above-listed factors and they include elements that may undermine the confidence in methods and instruments used currently in payments,” it said.\nTurkey isn’t the only country looking to take tough measures on digital assets. India is reportedly set to propose a law banning cryptocurrencies and making trading or even holding assets punishable with a fine. The bill was included in a government agenda in January, which also referenced plans to create an official digital currency issued by the Reserve Bank of India. “The bill also seeks to prohibit all private cryptocurrencies in India, however, it allows for certain exceptions to promote the underlying technology of cryptocurrency and its uses,” according to the agenda.","news_type":1,"symbols_score_info":{"PYPL":0.9,"SQ":0.9,"COIN":0.9,"BTC":0.9}},"isVote":1,"tweetType":1,"viewCount":1093,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}