Nayib Bukele’s administration announced that the veterinary hospital built by bitcoin profits will open on Saturday (February 26). The President revealed that each treatment will cost $0.25 worth of BTC. Not Just Daydreaming Apart from becoming the first county to embrace bitcoin as legal tender, El Salvador has also purchased the primary cryptocurrency on a...Read More
Despite the recent turbulence in the cryptocurrency market, Pantera Capital envisioned a surge in bitcoin’s price in the following weeks. According to the investment firm, ‘Tax Day’ could be one of the propellers. Moreover, the cryptocurrency industry might soon separate from traditional financial markets and start trading independently, the company added. Light in The Tunnel...Read More
The American politician serving as the junior United States Senator for Texas – Ted Cruz – said he is a bitcoin supporter because the authorities cannot control it. He opined that China imposed its total crypto ban for the same reason. In addition, he opposed Justin Trudeau’s Emergency Act, by which the Canadian government froze...Read More
Bitcoin and Ethereum underwent a decent rebound since the early trading hours. And showcase the possibilities of going parabolic despite outpowering the fear of a plunge. Despite the current conditions being pretty uncertain, the upcoming days may witness steady growth. And as both are hovering just above these levels and aim to rebound finely after...Read More
According to Elliptic data, people have donated $400,000 worth of Bitcoin to the Ukrainian nongovernmental organization – Come Back Alive. The latter provides military equipment, medical supplies, and training services to the local army. In addition, today (February 25), a mysterious contributor donated 80 BTC to a charity organization supporting the Ukrainian army. Calculated at...Read More
Mexican senator for the State of Nuevo León, Indira Kempis, has stated that she wants to make the country second after El Salvador to adopt Bitcoin. However, the chances of this actually happening are slim at best. Speaking to local media this week, she noted that she aims to promote the use of Bitcoin in...Read More
Amid international crises and a shaky crypto market, debates rage on about what role Bitcoin actually serves as an investment. Is it digital gold, or just another risk asset? In a recent tweet, Ki Young Ju – CEO of crypto market analytics firm CryptoQuant – weighed in on the matter. He believes that as long...Read More
The Q3 and Q4 of 2021 had extracted a huge amount of value from the entire cryptomarket. The market capitalization which was hovering close to $3 trillion has slashed by nearly 50% and is currently around $1.5 trillion. With the intensifying external pressure on the stock and the crypto markets, the prices are slashing to...Read More
Simon Leviev gained fame after the documentary The Tinder Swindler went viral on Netflix a few weeks ago. The media claims he made his fortune by taking advantage of women he met online, but in a recent interview, he claimed he got rich with a more straightforward method: investing in Bitcoin. In an interview for...Read More
Bitcoin’s price continued to fall after closing below $40,000. It even broke through and settled below the $39,200 support level. Advertisement The bulls appear to be attempting a major recovery wave above $38,000 right now. Near the $39,000 level, there is immediate resistance. Below the $2,800 barrier, Ether has also developed bearish momentum. It tested...Read More
The Canadian businessman and television personality – Kevin O’Leary – views bitcoin as a coin, currency, and software. He believes that having exposure to BTC is the same as holding positions in giant corporations such as Microsoft or Yahoo. In addition, O’Leary predicted that BTC could surge to $300,000 once there is regulatory clarity in...Read More
Recently leaked documents showed that the giant private bank Credit Suisse had held hundreds of billions of dollars of clients alleged or involved in drug trafficking, corruption, torture, money laundering, and other serious crimes. This comes years after the bank bashed the cryptocurrency industry, claiming that bitcoin presents money laundering challenges. The Leaked Documents A...Read More
Huobi co-founder Du Jun does not believe there will be another crypto bull market until the end of 2024 or early 2025. Speaking to CNBC over the weekend, he said that judging by past market cycles, there may not be another one for around three years. He said that “we are now at the early...Read More
According to a recent analysis, the Pyongyang-led cybercrime organization – the Lazarus Group – employs advanced techniques to steal and launder cryptocurrencies. The gang has shown “remarkable adaptation to evolving regulation,” the report warned. North Korea and Crypto While China and Russia traditionally captivate the attention of most democratic governments concerned about cyber security, totalitarian...Read More
The crypto continues to bleed in red even today. Bitcoin has dipped below $40K down by 1.3% in the last 24 hours. ETH is down by 5.3% and all other tokens on the chart follow suit. However, XRP defies the market trend as it trades up by 5.3%. Advertisement Justin Bennett, a crypto analyst, is...Read More
Well-known cryptocurrency advocates worldwide have called out Canadian authorities for seizing millions in bitcoin and other digital currencies amid the ongoing protests against COVID-19 restrictions and vaccine policies. Court Signs Order to Seize Bitcoin and Monitor Crypto Wallet The Toronto Star reported that a court order had been issued to freeze bank accounts and digital...Read More
Grayscale – the world’s largest Bitcoin fund – has long had its attempts to become a spot-based Bitcoin ETF denied by the Securities and Exchange Commission (SEC). Investors are now speaking out against this, and have sent roughly 200 letters to the commission in support of the fund’s transition. Grayscale Investors Speak Out As reported...Read More
The Russian Finance Ministry introduced public notices and said they started developing a comprehensive regulatory framework for the cryptocurrency industry. During the discussions, citizens and financial market players will be able to give their proposals on the matter. What Has Happened so Far? Ever since the start of 2022, Russia’s top authorities haven’t been able...Read More
The crypto bleeds red again today as bulls fail to take control of the steering. BTC tardes down by 3.6% around $42K. ETH has slid below $3K trading at $2989. All the other tokens on the chart too follow the trend as they shed gains in a fast pace. Advertisement Bitcoin Price Action Bitcoin’s (BTC)...Read More
“We are not your colony, your back yard, or your front yard. Stay out of our internal affairs.” This is what El Salvador’s President Nayib Bukele tweeted after US Senators introduced new legislation that sought to investigate the Central American country’s Bitcoin Law. El Salvador President Reaction on US Interference Since El Salvador’s government passed...Read More
The crypto market after a brief retracement, is now in a sideways trade. Bitcoin is why of hitting $44K, ETH hovers around $3K. Although most altcoins trade in green with modest gains, some altcoins have plunged to trade in red. BTC Price Action At Press time, Bitcoin (BTC) price finds support at the 50-day Simple...Read More
The crypto market rose on Wednesday as the chance of a truce in the conflict between Russia and Ukraine boosted investor confidence. The global cryptocurrency market is now valued $1.99 trillion, up 2.45 percent from Tuesday. In the last 24 hours, the overall crypto market volume climbed by 5.08 percent to $75.55 billion. Cardano (ADA),...Read More
According to a recent CNBC analysis, eight of the highest-ranked politicians in the USA have traded cryptocurrencies over the past 12 months. Seven of them are Republicans, including Senator Pat Toomey and Senator Cynthia Lummis, while one is a member of the Democratic Party. Who Jumped on The Bandwagon? Overall, 2021 has been a highly...Read More
The London-based investment management company, Fidelity International, listed a Bitcoin exchange-traded product (ETP) in Europe in response to increased institutional demand. The product, called the Fidelity Physical Bitcoin ETP, began trading on Germany’s Deutsche Börse AG and Frankfurt Stock Exchange on Tuesday (February 15, 2022) under the ticker symbol “FBTC.” The Bitcoin ETP launch targets...Read More
By reasoning that Ilya Lichtenstein is a flight risk, a US Federal Judge ordered him to be detained pretrial while indicating that his wife and partner-in-crime – Heather Morgan – met the criteria for supervised release. As reported by The New York Times, Chief Judge Beryl Howell of the Federal District Court in the District...Read More
The world of cryptocurrencies, especially in its earlier years, had a reputation of being the playing ground of hackers and various malicious entities. And while this has changed to a huge degree in the past few years and the field received massive recognition and regulatory clarity, the ghosts of its past remain. One of the...Read More
Analysts at Wells Fargo Investment Institute (WFII), the advisor and subsidiary of Wells Fargo Bank, have asserted that cryptocurrency adoption is still in its early stages. It’s Not Too Late to Buy Crypto In a report published by WFII’s Global Investment Strategy team, the analysts noted that Wells Fargo does not believe it is too...Read More
The Russian Ministry of Internal Affairs has reportedly taken down four major illegal Dark Web sites, which have made over $260 million in cryptocurrency proceeds from the sale of stolen credit cards. Those platforms are Ferum Shop, Trump’s Dumps, Sky-Fraud forum, and UAS Store. The Latest Seizures Known as “carding” websites, these illicit platforms offer...Read More
The Bitcoin price is slashing from past consecutive 3 days while all the attempts to flip the downtrend appears to have gone in vain. The asset seems to have again started trending within the same descending trend with what it began the yearly trade. Advertisement The asset previous dropped from $47,000 levels to as low...Read More
Popular Canadian rapper Aubrey Drake Graham, also known mononymously as Drake, made a massive bitcoin bet on Sunday’s Super Bowl Game between the Los Angeles Rams (LA Rams) and the Cincinnati Bengals. Drake took a snapshot of his bet and posted it on Instagram for his over 100 million followers, with the caption “All bets...Read More
