The owner of the Dallas Mavericks – Mark Cuban – argued that Bitcoin (BTC) could not be considered a hedge against inflation. He once again opined that Dogecoin (DOGE) is better suited for payments than the primary cryptocurrency. ‘It’s Not And Never Will Be’ Over the past couple of years, the American billionaire Mark Cuban...Read More
Andre Iguodala and Klay Thompson, two of the biggest stars of the Golden State Warriors, have hopped on the BTC bandwagon by indicating that they will receive their salaries in the asset through a partnership with CashApp. Iguodala took it to Twitter earlier to announce his collaboration with CashApp, which will enable him to receive...Read More
As a result of several police actions, the Kosovo authorities seized more than 300 cryptocurrency mining devices. According to the nation’s Minister of Energy and Economy, the seizure will save “tens of thousands of Euros per month.” Kosovo’s Ban Intensifies Similar to many other countries in Europe, Kosovo currently struggles with an energy crisis prompted...Read More
The Central American nation of El Salvador entered into the pages of history as the first country to officially adopt bitcoin as a legal tender on June 9, 2021. Subsequently, the country went on a bitcoin buying spree, taking advantage of every opportunity to acquire more of the popular “digital gold” since it considers it...Read More
The price of Bitcoin has been declining steadily as of late, and some have decided to take this opportunity and add to their positions. Toronto-based BTC miner Bitfarms becomes the latest to do so. According to an official press release shared on Monday, January 10th, the Toronto-based Bitfarms – a Bitcoin self-mining company – has...Read More
The enhanced volatility in the digital asset space hit again in the past few days, and the total amount of daily liquidations jumped to half a billion. It’s safe to say that the cryptocurrency market has seen better days. Bitcoin, for example, traded around $47,000 for several consecutive days until 36 hours ago. At that...Read More
While the recent plunge has put the crypto community into a state of panic, one HODLer is taking advantage. The third-largest Bitcoin whale just bought the dip, putting his stack over 121,000 BTC. On January 4th, the whale’s address added another 372 Bitcoin. The sum was purchased for $17,122,242.1 at the time. This was a...Read More
In a bid to bring in regulatory clarity and a framework for the issuance of Bitcoin Bond and securities in the cryptocurrency, El Salvador’s finance minister, Alejandro Zelaya, has revealed plans to send approximately 20 bills to Congress. The Ambitious Bitcoin City According to reports, the aforestated bills will encompass regulations about securities issuance and...Read More
The United States regulatory watchdog – Securities and Exchange Commission (SEC) – has delayed the ruling on NYDIG’s proposal for a spot bitcoin exchange-traded fund by 60 days. The original deadline was January 15th. If allowed, NYDIG’s Bitcoin ETF will be the first-ever spot Bitcoin ETF in the country. According to the official filing, the...Read More
The Kosovar government reportedly enforced a ban on cryptocurrency mining in an attempt to curb electricity consumption during the coldest months of the year. The country, like many others in Europe, grapples with an energy crisis caused by the sharp price increase of electricity. Another Country to Halt Crypto Mining The small Balkan state –...Read More
Hong Kong’s Bitcoin Association was one of the first to celebrate Genesis Day as Asian markets awoke to begin the first trading week of 2022. The Association also added that it would be a good time to make sure that your Bitcoin is in a wallet that you control, referring to both public and private...Read More
Nayib Bukele, who made history last year by becoming the first President to adopt bitcoin as legal tender, believes two more countries will follow this example in 2022. Additionally, he predicted a price tag of $100,000 for the primary cryptocurrency. It’s safe to say that El Salvador is the most open country in terms of...Read More
Although bitcoin ended up with a more than 60% increase in 2021, there was a bit of a disappointment in the crypto space. This is because the asset failed to increase into a six-digit territory and actually fell by 30% in less than two months. The creator of the popular stock-to-flow model, though, initiated a...Read More
MicroStrategy – the company, spearheaded by one of the most popular and prominent Bitcoin permabulls, Michael Saylor – announced today that it had bought another $94 million worth of BTC. MicroStrategy has definitely made a name for itself in the past couple of years when it comes to acquiring BTC. Today, Saylor announced that the...Read More
Rep. Lee Kwang-jae – a member of the ruling Democratic Party in South Korea – is reportedly planning to receive campaign donations in digital assets. He also intends to issue non-fungible tokens (NFTs) as a receipt for such contributions starting from mid-January next year. Crypto to Fuel Political Campaigns According to a December 30 report...Read More
Bitcoin’s price could surge to a five-digit territory next year and even briefly touch $200,000 due to the global economic situation, asserted the co-founder of Block.One and former US presidential candidate – Brock Pierce. He also believes regulations could help the cryptocurrency space but only if they are incorporated following thorough research. BTC to $200K...Read More
One of the largest cryptocurrency mining companies – Marathon Digital Holdings – bought 78,000 Antminer S-19 XP Miners from the Chinese manufacturer – Bitmain. To acquire the equipment, the firm spent nearly $900 million. Marathon Deepens Its Mining Efforts According to the filing with the Securities and Exchange Commission, Marathon Digital Holdings (NASDAQ symbol: MARA)...Read More
Tesla’s CEO – Elon Musk – opined that digital assets could reduce the error in the money database. In his view, cryptocurrencies are not ideal, but they are “fundamentally better” than any other financial product. The entrepreneur once again claimed that Bitcoin’s main use case is a store of wealth, while Dogecoin is better suited...Read More
The Iranian Ministry of Energy has ordered local authorized cryptocurrency miners to temporarily suspend their activities in the face of electricity shortages during the coldest months of the year. This is the second time authorities take measures of this kind as they did the same between May and September this year. Same Ban, Different Season...Read More
The American breast cancer organization – Susan G. Komen (also known as Komen) – enabled people willing to support the cause to donate digital assets instead of fiat currencies. The partner in the initiative is the donation platform – The Giving Block. Susan G. Komen announced the new additions on its Twitter page. The organization...Read More
Reflecting on the past year, 2021 has been great for Bitcoin and the cryptocurrency market. It even saw the birth of two BTC futures ETFs in the States, but with just a week remaining until the end of it, American investors might not see spot one. SEC in no Mood for Spot Bitcoin ETFs According...Read More
Mike Novogratz – CEO of Galaxy Investment Partners – recently gave his thoughts on Bitcoin’s price volatility going forwards. Here’s what he had to say. On CNBC’s Squawk Box, Joe Kernen pointed out to Novogratz that Bitcoin is up 66% on the year, yet down 30% from its high of $69k. He then asked if...Read More
El Salvador continues to accumulate BTC, and the country’s president is using different occasions as an excuse to do so, including to celebrate December 21st, 2021. The president of El Salvador, Nayib Bukele – a well-known Bitcoin bull who was the leading figure in turning the cryptocurrency into a government-regulated and recognized legal tender in...Read More
Jack Dorsey was quite active on Twitter today, doubling down on his belief in Bitcoin. He asserted that people should focus on secure and resilient tech developments that are not controlled by individuals or organizations. The CEO of Square and former CEO of Twitter is among the most well-known BTC proponents, having previously said that...Read More
Although bitcoin is already more than 30% down from its ATH marked last month, Peter Brandt believes that the asset might not have reached its bottom yet. The CEO of Factor LLC noted that there hasn’t been a high volume panic capitulation yet to outline that bottom as with previous corrections. Bitcoin Is Yet to...Read More
One of the largest supermarket chains in Mexico – Elektra – allowed customers to pay their bills in bitcoin instead of fiat currencies. To process the cryptocurrency payments, the company partnered with BitPay. At the same time, the South Korean-Japanese video game publisher – Nexon – enabled players to purchase in-game items with digital assets....Read More
The United States Securities and Exchange Commission (SEC) has postponed its decision regarding the Bitwise Bitcoin ETP Trust and Grayscale Bitcoin Trust applications. SEC Extends Approval Date to Feb 2021 The regulatory body has issued two new extension dates for both applications to determine whether to approve, reject, or “institute proceedings to determine whether to...Read More
Impersonation scams are a growing threat in the cryptocurrency community, and a large number of victims continue to fall for them. The latest such example involved MicroStrategy’s CEO, and someone sent two BTC to a fake giveaway address using his name. In giveaway scams, bad actors typically impersonate a well-known figure and promote deceiving campaigns...Read More
Last year’s Christmas run-up was one of bitcoin’s most bullish periods as the asset gained 50% of value at the end of December. With the uncertainties around the most recent Fed meeting over now, the question arises if BTC can do it again. The 2020 Christmas Rally 2020 was a wild year from all perspectives,...Read More
Elon Musk was named the 2021 Person of the Year by TIME Magazine – a reward given to him for “creating solutions to an existential crisis, for embodying the possibilities and the perils of the age of tech titans,” and other worthwhile achievements. After receiving the reward, during the interview with TIME Magazine, Musk took the opportunity...Read More
