Fake cryptocurrency giveaway scams continue to pop up frequently, and the latest victim is the oldest bitcoin educational resource – BitcoinOrg. As of now, though, the website has been taken down, and the pseudonymous developer operating it has blamed it on Cloudflare. Earlier on September 23rd, users on Twitter outlined that the BitcoinOrg website has...Read More
Following confirmation that AMC would begin accepting Bitcoin, Ethereum, Bitcoin Cash, and Litecoin for online payment, the company’s CEO has asked the Dogecoin community if AMC should add the meme coin among the cryptocurrency options. Almost 80% Want to Pay for a Movie Ticket With DOGE Adam Aron, CEO of the world’s largest movie theater...Read More
The US Securities and Exchange Commission could greenlight a Bitcoin futures ETF as early as October this year, said Bloomberg’s Senior Commodity Strategist – Mike McGlone. He also doubled down on his $100,000 price prediction for BTC by the end of the year, adding that the cryptocurrency is on its way to replace gold, similarly...Read More
The major Brazilian bank – BTG Pactual – will enable its customers to trade digital assets directly through a new platform called Mynt. The offering will be available from the next quarter and will include the two leading cryptocurrencies – bitcoin and ether. The New Crypto Opportunity According to a local report, the initiative, which...Read More
Bitcoin is experiencing significant falls in the crypto market. The analyst expects a crash similar to the one that occurred between April and May. While September is revealing red days for the cryptos, FUD has started creeping in investors. However, BTC price can still witness a notable rebound, as it’s presently consolidating after more than...Read More
The cross-chain DeFi protocol, pNetwork, has informed that it has become the latest victim of a security breach. By leveraging a codebase bug, the unknown perpetrator has stolen 277 bitcoins. As announced by the team behind the project, the hacker “was able to leverage a bug in our codebase and attack pBTC” on the Binance...Read More
The first nation to legally adopt bitcoin now owns 700 coins after a new purchase, updated the president of the country. This has become another “buy the dip” moment, as BTC’s price dropped to $45,000. El Salvador’s president – Nayib Bukele – took it to Twitter on September 20th to inform that the nation has...Read More
While worries about Bitcoin’s energy use abound, new analysis shows that the network has already consumed more power than it did during the entirety of last year. Bitcoin’s Rising Power Consumption As reported by Bloomberg, “the network reportedly consumed about 67TWh of electricity in 2020, and its total consumption has already surpassed this in 2021”....Read More
On Friday, major cryptocurrencies displayed mixed patterns, indicating that they are entering a consolidation phase. There is optimism that bullish momentum may be returning after last week’s market fall, with the world’s largest cryptocurrency trading at $48,578 at the time of writing. In comparison to the previous day, the overall crypto market cap climbed by...Read More
This week, even though tumultuous to some extent, was positive for the cryptocurrency market and Bitcoin, particularly in terms of prices. BTC managed to increase by about 2.5%, reclaiming an important level while doing so – $47.2K – an important confluence of technical indicators to consider. It’s still rather early to state it for sure,...Read More
Global payments giant PayPal disclosed on Friday that its customers in the United Kingdom can now buy, sell, and hold multiple cryptocurrencies, including bitcoin and ether, directly from their accounts. PayPal’s Crypto Services Now Available For UK Users “We are delighted to share that all eligible customers in the UK can now buy, hold, and...Read More
If the primary cryptocurrency’s mainstream adoption continues and the asset succeeds, regulators and governments will kill its progress, said Ray Dalio. At the same time, he believes most bigger countries, like China and India, have already started trying to do so. Speaking to CNBC on September 15th, the founder of Bridgewater admitted once again that...Read More
Cathie Wood has predicted that Bitcoin prices will rise tenfold to reach $500,000 in 5 years. The bold forecast came while the Ark Invest chief executive was speaking with CNBC anchor Andrew Ross Sorkin at the SALT fintech conference in New York on Sept. 13. She added that this prediction is dependent on companies and...Read More
The crypto space seems to have come back on track as some of the coins started to show a decent uptrend. Bitcoin price after falling from $53k to $43K last week is up by 3.57% in the last 24 hours. Few analysts and a portion of the crypto community appear extremely bullish for BTC price....Read More
Another Chinese province has decided to follow the example and halt cryptocurrency mining and trading. While this continues to be the ongoing trend coming from China this year, the price of bitcoin has not dumped this time, as it did during the previous set of adverse developments. One More Chinese Province Goes After Crypto The...Read More
The American fintech company – MoneyLion – announced it would enable users to trade digital assets via its all-in-one financial services application. While initially clients would be able to operate only with Bitcoin and Ethereum, the firm intends to add more cryptocurrencies to the offering in the future. MoneyLion Joins The Crypto Trend According to...Read More
Bitcoin has been falling for the second day in a row, dipping below the $46,000 mark. After falling to $44,000, Bitcoin has made a solid comeback above the $44,000 support, according to the Bitcoin price analysis. Since then, the price has maintained above the threshold but has not surpassed $46,000. At the time of writing,...Read More
Business intelligence company MicroStrategy, spearheaded by Michael Saylor, has purchased over 5,000 bitcoin worth $242.9 million. Thus, the firm’s total BTC holdings have increased to over 114,042. MicroStrategy founder and CEO Michael Saylor announced the latest bitcoin purchase via Twitter on Monday, September 13th. According to the executive, the business intelligence firm purchased 5,050 BTC, at...Read More
A recent poll from Sherlock Communications has found that nearly half of Brazilians agree that Bitcoin should be adopted as the currency of the country, following in the footsteps of El Salvador. Brazilians Bullish for Bitcoin As reported by Valor Investe, the study shows 48% of Brazilians in support of Bitcoin as national currency (17%...Read More
It goes without saying that this has been one of the most important and also exciting weeks for Bitcoin, in general. The reason for which it was important is that El Salvador officially became the very first country in the world to formally recognize Bitcoin as a legal tender. In other words, no one is...Read More
The use of Bitcoin in El Salvador has not had the best of starts. Still, financial institutions are already doing their best to comply with the law. Bancoagrícola, the country’s largest financial institution, is among the first banks to include Bitcoin-compatible technology solutions and is already adapting its infrastructure to offer Bitcoin services thanks to...Read More
Even as El Salvador passed Bitcoin as legal tender, the token dipped from $52K yesterday. The plunge saw BTC fall from nearly $53K to $43,119. However, it is now climbing back, but it’s still unclear if the rally will continue or more support levels will be tested. BTC after the fall, went on the next...Read More
El Salvador made history earlier this week when it became the first country to officially accept Bitcoin as a legal tender. While the community rejoiced about the significance of the news, Fidelity’s Director of Global Macro – Jurrien Timmer – said the move had been overplayed. BTC Adoption in El Salvador is Overplayed Three months...Read More
The third-largest bitcoin wallet has been busy buying the dip. During the current market downturn, the whale entity added almost 500 BTC to its stash. The mysterious third-largest Bitcoin whale bought 490 BTC when it was exchanging hands at around $46,800 in a transaction with a face value of $23 million. WhaleAlert reported that it...Read More
In a recent report published by English bank Standard Chartered, analysts structurally value Ethereum at “USD 26,000- 35,000” while also predicting that Bitcoin will reach 170k. Standard Chartered: Why ETH beats Bitcoin for Investment The financial service giant’s report, titled “Ethereum Investor Guide,” explains the network’s value proposition while comparing and contrasting it with the...Read More
El Salvador officially became the very first country in the world to formally recognize Bitcoin as a legal tender, essentially making it illegal for anyone to refuse to accept BTC as payment. Speaking on the matter and congratulating the entire community, Charles Hoskinson said that he thinks many other nations will follow in these footsteps....Read More
Union Investment – the investment arm of the DZ bank group – takes another small step towards offering crypto investment services to private investors. They will make Bitcoin a small percentage of some of their funds. Union Invest’s Experimentation With Crypto As reported to Bloomberg news, portfolio manager David Barthe said that the company was...Read More
As the global adoption of cryptocurrencies continues to soar, a new bill has been submitted in the Republic of Panama to recognize Bitcoin (BTC) and other digital currencies as alternative payment methods. Panama Proposes Crypto Bill Panamanian pro-crypto congressman Gabriel Silva noted on Twitter that the new bill would enable the freedom to use cryptocurrencies...Read More
President Nayib Bukele announced the milestone on Twitter, telling followers his country “just bought its first 200 coins.” Bukele noted the Central American nation will be buying more bitcoin as the deadline approaches to make El Salvador the first nation to officially recognize a cryptocurrency as legal tender. The president tweeted early Monday afternoon: El...Read More
Bitcoin price strongly made its way to $50k for the third consecutive time. Well, we brought you some interesting on-chain data to make your weekend more special! Wondering, what it is? Well, let’s dive and discover! BTC made a clear come back this week after the May market crash. On-chain supply dynamics are at their...Read More
