Over the week, several major news outlets ran stories covering the basics of cryptocurrencies like Bitcoin. One by CBS news claimed, “Crypto is not easy to spend.” That might have been true just five years ago, but in 2022, many national chain stores already accept Bitcoin. Here is a list of nine companies that accept...Read More
This week lawmakers in Brazil pushed to advance a bill that would legalize and regulate cryptocurrency— the National Congress of Brazil’s House bill 4401/21. Senator Iraja Abreu, who sponsored a Senate version of the bill (Senate bill 3825/19), dropped his version in favor of the House bill, carrying some provisions over to 4401-21. Bom Trabalho! (That’s...Read More
The cryptocurrency market has been trading sideways after a fierce selling wave hit the global cryptocurrency market. Bitcoin and Ethereum have also been trading in bear markets before finding a slight grip for a bull cycle today. Meanwhile the first meme cryptocurrency, Dogecoin has formed an ascending channel as the mem coin’s price action is...Read More
In a letter addressed to MicroStrategy’s stockholders on Thursday, the company’s CEO Micheal Saylor doubled down on his conviction of continuing its years-long bitcoin buying spree. The paper aimed to pave the foundation for the Annual Meeting of Stockholders scheduled on May 22nd, 2022. The CEO also promised that MicroStrategy, the publicly traded company with...Read More
Once considered an attractive country for Chinese Bitcoin miners after the country’s crackdown on any BTC mining activity, Kazakhstan now seems to be set to creating new taxes that will negatively impact the industry. On April 14, the Minister of National Economy, Alibek Kuantyrov, said in a government briefing that his team is working on...Read More
Bitcoin and Ethereum appear to have stuck up in a narrow range including all the other major crypto assets. Moreover, the current consolidation hints at a significant bearish divergence which may drag the price beyond the local support. However, one of the main reasons that could stop the BTC price from igniting a rally is...Read More
PlanB, the creator of the bitcoin Stock-to-Flow (S2F) model, implied that only a black-swan incident could drag the price of Bitcoin down to $24,500. The anonymous Twitter pseudonym in the past has missed Bitcoin’s price predictions on some occasions, but his bullishness on the asset still remains intact, asserting that it could reach $100K at...Read More
Cryptocurrency exchange Bitfinex, in collaboration with USDT issuer Tether, recently launched a digital asset fund and donated over $1 million in bitcoin to assist families in El Salvador affected by the ongoing gang violence in the country. Crypto Relief Fund Initiative is Bootstrapped With 25 BTC Bitfinex chief technology officer (CTO) Paolo Ardoino revealed that...Read More
BlockchainCom Co-Founder Nicolas Cary called out Cathie Wood’s positions having been trimmed off 50% after Wood implied the crypto exchange’s valuation was unjustifiable. Last month, the company raised another round of investment led by Lightspeed Venture Partners and Baillie Gifford, putting its valuation at $14 Billion, more than doubling from its prior fundraising round. “Her...Read More
Terra seems nowhere near concerned regarding the ongoing crypto dip. Instead, it topped up its bitcoin reserves with an additional purchase of $100 million worth of the asset. Earlier this year, Do Kwon – Founder and CEO of Terraform Labs – revealed the company’s intentions to introduce a stablecoin (UST), which will be backed by...Read More
Indria Kempis – Mexican senator for the State of Nuevo León – has introduced a bill to formalize the inclusion of virtual assets as a form of currency that may circulate in Mexico. However, it proposes that only the central bank can issue a digital currency, without any mention of Bitcoin. What Happened to the...Read More
Early today Bitcoin had plunged below $40,000 trading around $39,000. But the flagship currency has gained back its $40,000. Since the Federal Reserve started increasing interest rates in reaction to high inflation and continued geopolitical instability, Bitcoin, Ethereum, and the entire Cryptocurrency market declined in recent weeks. At the time of reporting Bitcoin Price is...Read More
Underscoring the role of India in web3 and the metaverse, Binance Founder and CEO Changpeng Zhao said the nation is a “natural frontrunner” in the evolution of the next generation of blockchain applications. “India is a huge market, as well as a leader in technology, and therefore will be a natural frontrunner for web 3...Read More
Of late the crypto market is submerged into a bearish pull with Bitcoin retracing below $42,000. This has forced other altcoins too to follow Bitcoin. The global cryptocurrency market capitalization has drastically fallen below $2 trillion positioning at $1.88 trillion with a fall of 4.63% over the last 24hrs. Where Is Bitcoin, Ethereum & Ripple...Read More
The Luna Foundation Guard (LFG) pool has bought Bitcoin yet again. The pool currently holds almost 40,000 BTC, worth some $1.675 billion at the time of this writing. Luna’s LFG pool has added another batch of Bitcoin to its stash – over 4,000 BTC, to be precise, which is worth some $176 million at the...Read More
Bitcoin was trading at its long-term support level during the prior day’s session, while the crypto markets continued to fall. This week, the price of bitcoin has dropped even further after a brief dip to $43,000 at the start of the week. As a result, unless Bitcoin price action can clearly rebound above $42,000, the...Read More
US Rep. Norma Torres (D-CA) introduced the Senate Accountability for Cryptocurrency in El Salvador Act (ACES) Monday. Rep. Rick Crawford (R-AR) co-sponsored the bill. Rep Torres averred: “El Salvador’s adoption of Bitcoin is not a thoughtful embrace of innovation, but a careless gamble that is destabilizing the country.” The bill instructs the State Department and...Read More
The United States could lose its preeminent financial and political influence in the world as other sovereign powers make haste to legalize and adopt Bitcoin as their reserve currency. The threat to America is not merely a matter of leaving an (increasingly plausibly) enormous amount of money on the table. Bitcoin is the largest ever...Read More
One of the most successful tennis players of all time – Serena Williams – teamed up with Block Inc’s money transfer service provider – Cash App – to provide women and people of color with further financial access to bitcoin. She praised the primary cryptocurrency as the leader in the industry, calling it a ”super-strong...Read More
The way Cryptocurrency market has performed today, it looks like the bears have a strong hold for the weekend and have tapped down bulls. Past few weeks Bitcoin bulls have failed to rally, struggling to gain $45,000 range back. The Bitcoin with its bearish cycle has dragged almost every cryptocurrencies along with it signaling the...Read More
Mikhail Mishustin – Russia’s Prime Minister – believes the Russian population collectively holds more than 10 trillion rubles ($130 billion) worth of cryptocurrencies. He assumed that most of those individuals were from the younger generations. 7% of Russians are HODLers Apart from being in the global spotlight due to its “special military operation” in Ukraine,...Read More
Bitcoin price ever since the beginning of the 2022 trade displayed a consolidated price trend below $45000. However, the asset attempted to break out of the consolidation a couple of days before and woefully ended up recording a fakeout. The BTC price nowadays is manifesting a depleted trend appearing to head towards the lower support...Read More
Janet Yellen – Treasury Secretary of the United States – recently delivered her first speech solely dedicated to cryptocurrencies. While discussing the risks and benefits of crypto and CBDCs, the secretary listed five historical lessons she’ll be following as she regulates the space. A More Balanced Tone The speech was delivered before American University’s Kogod...Read More
Ricardo Salinas Pliego – the third-wealthiest person in Mexico – revealed he had allocated 60% of his liquid portfolio to bitcoin and bitcoin equities. The billionaire is a strong opponent of fiat currencies and bonds, calling the latter a “terrible investment.” Salinas is Pro-Bitcoin and Anti-Fiat The Chairman of Grupo Elektra and the owner of...Read More
The autonomous region of Portugal – Madeira – and Prospera – a jurisdiction on Honduras’ Roatán island – will reportedly adopt bitcoin as an official payment method inside their borders. Residents from both territories won’t have to pay capital gains tax when buying or selling the primary cryptocurrency. Following El Salvador’s Path Bitcoin’s global popularity...Read More
Michael Saylor, the CEO of Microstrategy, and Cathie Wood, CEO of Arch Invest, held a panel at the Miami 2022 Bitcoin conference on Thursday. The two tech investors shared an optimistic vision for the largest cryptocurrency, setting ambitious price targets. “People ask me if I’m still bullish on Bitcoin. I am more bullish than ever...Read More
The acquisition is worth a whopping $1.5 billion, making it one of the largest in the sector that did not involve a special purpose acquisition company (SPAC). Crypto mergers and acquisitions have surged over the past year, and there has been $1.25 billion worth of deals done in the first quarter of 2022. This latest...Read More
After purchasing over $1 billion worth of bitcoin in weeks, Terra has turned its sights to other cryptocurrencies. Both Terraform Labs and the Luna Foundation Guard announced plans to execute in total two token swaps worth $200 million with Avalanche. CryptoPotato reported the frequent BTC purchases from Terra, as the team wants to build up...Read More
Kevin O’Leary spoke at the Bitcoin 2022 Conference, voicing support for bitcoin and renewable proof-of-work mining. He believed regulations introduced by Bipartisan lawmakers could remove the uncertainty investors have felt towards the sector. Regulations on Cryptocurrency Incentivize Capital Inflow Kevin O’Leary, the famed investor and media personality nicknamed “Mr.Wonderful,” touted his support of renewable crypto...Read More
The Bitcoin 2022 conference, which takes place in Miami, has been giving a lot to talk about. On this occasion, Peter Thiel voiced his opinion on Bitcoin’s enemies and talked about where he thinks Bitcoin is going in the future. This April 7, Peter Andreas Thiel, an entrepreneur, investment fund manager, and venture capitalist, best...Read More
