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
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
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
The American financial services corporation – Fidelity Investments – urged the U.S. Securities and Exchange Commission (SEC) to approve its Bitcoin exchange-traded fund. According to the company, the regulator should allow the initiative as investors’ demand for digital assets has significantly increased recently. Looking for The SEC’s Approval According to a recent filing, the multinational...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
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
Ark Investment Management – the investment firm owned by notorious Bitcoin-bull Cathie Wood – is now allowing one of its funds to invest in Canada’s Bitcoin ETFs, creating more opportunity for BTC exposure. Ark Invest and Bitcoin The news was revealed in a Friday filing for the ARK Next Generation Internet ETF (aka ARKW) worth...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
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
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
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
Vietnam has recently started recording high demand for crypto mining equipment as more people join the sector to mine cryptocurrencies like bitcoin, ether, and others. Interestingly, the mining rig market in Vietnam saw a significant decline a few months ago after bitcoin lost more than 50% of its value and traded below $30,000 due to...Read More
The CEO of blockchain forensics firm Chainalysis is optimistic that the bitcoin price will rise above $100,000 before the end of 2021. $100k by December 2021 In a Bloomberg interview on Thursday (September 3rd, 2021), Michael Gronager, who is also the co-founder of cryptocurrency exchange Kraken, asserted that bitcoin and the cryptocurrency market, in general,...Read More
According to a recent research, 17% of Aussies have some cryptocurrency holdings. Bitcoin is still the most popular digital asset while Ethereum and Dogecoin ranked respectively second and third. What is The Crypto Trend in Australia? Finder’s Consumer Sentiment Tracker – a nationally representative survey of 1,000 Australians conducted by Qualtrics – revealed that one...Read More
According to a recent survey, around three-quarters of Russian investors consider cryptocurrencies a better investment tool than gold. Less than 9% opined that the precious metal is superior, while 14% believe “familiar national currencies” are the best choice. Russians Prefer Crypto Than Gold The residents of the largest country by landmass seem to have a...Read More
This week saw Bitcoin’s price surging past $50,000 on a few occasions, while altcoins have been charting double-digit gains all along. Let’s start with BTC. The primary cryptocurrency is up about 7% over the past seven days, and it’s currently sitting above the coveted $50K mark. However, it took it a few attempts to go...Read More
As the cryptocurrency market continues to grow, being a multi-trillion dollar industry, it keeps garnering the attention of famous individuals. Earlier today, popular actress and entrepreneur Reese Witherspoon outlined his first ETH purchase, while Paris Hilton showcased her support for BTC. Reese Witherspoon Buys Some ETH Born in New Orleans, Louisiana, Laura Jeanne Reese Witherspoon...Read More
With just 5 days to go before El Salvador passes its controversial Bitcoin law, there is still resistance to it, according to a recent survey. A poll by the José Simeón Cañas Central American University (UCA) has revealed that 7 out of 10 El Salvadorans would like lawmakers to repeal the Bitcoin legislation that will...Read More
Code within a recent Twitter beta suggests that the company is integrating a Bitcoin payment option for its new “Tip Jar” feature with the help of the lightning network. Tipping With Bitcoin Though Bitcoin tips are not yet available to beta users, code reveals that it could soon be implemented as a payment option alongside...Read More
The government of El Salvador voted in favor of creating a $150 million Bitcoin Trust. Its role: to convert BTC to USD so the local population can balance their cryptocurrency exposure. The initiative comes less than a week before the Latin American country starts using bitcoin as legal tender. Getting Ready for The BTC Adoption...Read More
The success of DeFi (decentralized finance) blockchain apps has not escaped the notice of Square Payments (NYSE: SQ) CEO Jack Dorsey. The engineer, businessman, and BTC advocate recently announced that his blockchain project, TBD, will enter the space by creating a Bitcoin DEX. Vitalik Buterin “Skeptical” About Bitcoin DEX In a recent interview, Ethereum co-founder...Read More
