Popular gold advocate Jeffrey Gundlach, CEO of DoubleLine Capital, has thrown his weight behind Bitcoin (BTC), stating that the crypto asset is a better investment than the precious yellow metal. Gundlach tweeted earlier today that despite being a strong gold bull and a long-term U.S. dollar bear, he has chosen to be neutral on both...Read More
The private financial and investing advice company The Motley Fool has announced plans to allocate $5 million in Bitcoin. The Motley Fool Joins The BTC Party The Virginia, US-based company announced its intention to buy BTC in its Twitter account earlier. It reads that “we are buying $5 million in Bitcoin on our own balance...Read More
Residents located in the canton of Zug, one of the 26 cantons in the European country, will be able to use Bitcoin and Ethereum to pay their cantonal taxes as of this week. This comes just months after the canton partnered with Bitcoin Suisse to enable the innovative initiative. CryptoPotato reported the partnership between the...Read More
A U.S. court has brought charges against three North Korean hackers, accusing them of massive crypto thefts. The individuals are computer programmers and have allegedly worked alongside government officials on their operations. Stealing More than $1.3B in Cash and Crypto A U.S. court charged three North Korean individuals suspected in an attempt for a massive...Read More
The firm, which specializes in investment, research, and development in the cannabis sector, said that their industry has had very positive experiences with cryptocurrencies as a “simple and digital means of payment.” Corporations Buying Bitcoin Seems To Be Trendy It seems like only yesterday Elon Musk made the SEC filing, laying out how his company...Read More
The world’s largest asset manager, BlackRock, is looking into Bitcoin. This was confirmed by the managing director of the company, Rick Rieder, today. Rick Rieder, the managing director of BlackRock, the world’s largest asset manager, confirmed that the company is looking into Bitcoin. “We’ve started to dabble a bit into it,” he said, refusing to...Read More
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex Earlier today, Bitcoin updated its all-time high once again. However, the correction that took place on February 15th, 2021, made over 300 thousand traders close their positions with a total loss of $2 billion. Almost all these positions were long – traders are in a hurry to buy the...Read More
Bitcoin Price Rally Smashes ATH Amid Market Euphoria Bitcoin, which initiated its journey with just being an idea of decentralized structure, now has become the most valued crypto in the market. Many eyes and hands behind attempted effortlessly despite a series of plunges or corrections. As a result, BTC price which was consolidating below $50K...Read More
Jim Bullard, President of the St. Louis Federal Reserve, has dismissed the value proposition of Bitcoin (BTC) based on some of the oft-quoted advantages claimed by BTC proponents. Speaking to CNBC on Tuesday, Bullard remarked that the Federal Reserve viewed Bitcoin as more of a rival to gold than an actual currency. According to Bullard,...Read More
Peter Schiff, a well-known economist, gold proponent, and one of the most vocal opponents of Bitcoin, admitted that he was wrong about Bitcoin not hitting $50,000. Bitcoin’s Price Hits $50K For the First Time in History For the absolute first time since its inception, Bitcoin has hit the coveted $50,000 mark. The price has since...Read More
The recent boom in institutional interest in Bitcoin and cryptocurrencies might be a fresh sign that the market needs crypto regulations. SEC Commissioner Hester Peirce pointed out that the wide range of investors would also improve price formation. Institutional Interest as the Long-Awaited Sign for Crypto Regulations US Securities and Exchange Commission (SEC) commissioner Hester...Read More
American singer, songwriter, and entrepreneur, Lindsay Lohan is the latest celebrity to openly endorse cryptocurrencies. Just three days ago, she announced the sale of her NFT, Bitcoin ‘Lightning,’ and now, it seems she is getting fascinated by the DeFi world. There appears to be a widespread bitcoin frenzy in the music scene. While Hip Hop...Read More
Morgan Stanley might become the next major institution to jump on the Bitcoin bandwagon. According to a recent report by Bloomberg, a unit of Morgan Stanley Investment Management called Counterpoint Global is exploring whether or not BTC would be a suitable option for its current investors. Sourcing people familiar with the matter, the report says...Read More
While the $1.5 billion bitcoin purchase from Tesla caught most crypto insiders and outsiders by surprise, Binance CEO Changpeng Zhao actually predicted the move over a month ago. Simultaneously, full-time BTC basher Peter Schiff was wrong (again) as he said that Elon Musk would not be “dumb enough” for such a move. CZ Was Wright...Read More
Leo Polovets of Susaventures mentioned in a curious tweet today that he increasingly feels that startups would benefit from copying Tesla and MicroStrategy by putting a fraction of their cash into Bitcoin, he noted, “Worst case you lose a few percent of your bank balance, best case you might extend your runway by 25+%. Asymmetric...Read More
Mastercard’s recent move to enable crypto on its network is a significant update that will help further Bitcoin’s adoption and make it mainstream. However, following the purchase of Bitcoin by Tesla and MicroStrategy the obvious next step was to consider Bitcoin payments, however, a critical question is, are retail traders willing to spend their Bitcoin...Read More
Bitcoin’s price has rebounded from the correction that followed the new ATH and the asset is now trading close to $48000, well on track for price discovery beyond the ATH. As the price continues rallying, a total of $602 Million worth of Bitcoin short positions got liquidated in the aftermath of the Tesla news. If...Read More
While the US still fights the idea of an ETF tracking the performance of BTC, the Ontario Securities Commission (OSC) has approved an application from the financial services company Purpose Investments Inc. to launch such a product in several Canadian territories. The approval document reads that Purpose Investments filed the prospectus under Multilateral Instrument 11-102...Read More
In another bit of bullish news over the past few days, the CEO of one of the world’s largest social media platforms – Twitter’s Jack Dorsey, and renowned artist Jay-Z, have set up a 500 BTC trust to fund Bitcoin development with a primary initial focus on Africa and India. Shawn Corey Carter, better known...Read More
Twitter CEO Jack Dorsey and Rapper Jay Z have come together to make a 500 Bitcoin donation to teams in Africa and India. The Twitter Co-Founder updated his status on the platform to announce the collaboration earlier today. JAY-Z/@S_C_ and I are giving 500 BTC to a new endowment named ₿trust to fund #Bitcoin development,...Read More
New York could become a ‘hub for Bitcoin and other cryptocurrencies’ if Andrew Yang is elected as the city’s mayor. Mayoral Candidate – Andrew Yang tweeted in support of cryptocurrencies earlier today, stating his intent to make the world’s financial capital more crypto centric. As mayor of NYC – the world’s financial capital – I...Read More
Speaking publically, Suarez thanked the city of Miami commissioners for supporting his resolution to procure a vendor to be able to offer employees the option to receive a portion of their salaries in Bitcoin. He added this allows our residents to pay for fees in Bitcoin and would also allow the city manager to cooperate...Read More
UK resident from Nuneaton has been charged for importing illegal drugs bought with Bitcoin; he will now serve a two-year prison sentence. Authorities alleged that the resident named Dylan Bailey, who is 19 years old, used the dark web to purchase ecstasy and paid Bitcoin for the illegal tablets. A supplier in the Netherlands sent...Read More
For Bitcoin, 2020 was a monumental year, with its block reward halving followed by greater institutional investment culminating in the bull run which Bitcoin has managed to sustain to date. While institutions did look at digital assets like Bitcoin with a bit of suspicion once, the narrative has changed dramatically as Bitcoin is now being...Read More
Exchange Bitcoin reserves have dropped steadily to correspond with the cryptocurrency’s price rise, with the number of Bitcoin withdrawals from exchanges recently climbing to a 3-year high. This is an incredibly bullish sign during a bull run. It is safe to say that Tesla’s latest purchase has fueled the price rally and it may be...Read More
The past week saw Bitcoin’s price surge by over 18 percent, with the world’s largest cryptocurrency trading close to $45,000, at press time. It should be noted, however, that following reports of Tesla investing over $1.5 billion in Bitcoin, BTC climbed to register a new ATH above $48,000, before corrections set in. The question thus...Read More
With more institutional investors indicating interest in cryptocurrencies in recent times, Bank of New York (BNY) Mellon has announced that it would be offering crypto-related services later this year. Bank of New York To Hold Bitcoin The New York oldest bank stated in The Wall Street Journal today that it will hold, issue, and transfer...Read More
Chief Executive of Uber and Expedia Group, Dara Khosrowshahi says that Uber will accept Bitcoin as a form of payment provided the company sees a real need for it to do so and if there is a benefit from accepting the digital currency. Source: Twitter/CNBC Squawk Box In a recent interview with CNBC Squawk Box...Read More
Bitcoin’s rally has taken some interesting turns this market cycle. In fact, despite a minor correction to the $45000-level, there is a lot of bullish sentiment among traders. This can be attributed to institutional demand and the anticipation of further demand since Twitter has expressed an interest in buying Bitcoin off its balance sheet, post-Tesla’s...Read More
A 19-year old UK resident was jailed for a drug trafficking operation. He had participated in an attempt to import ecstasy bought with Bitcoin on the Dark Web. Buying Dark Web Ecstasy with Bitcoin The 19-year-old drug dealer is to serve two years in prison after a police investigation discovered he has been dealing with...Read More
