The massive cryptocurrency boom during the latter half of 2020 and the first half of 2021, coupled with a wave of institutional investors betting billions of dollars on the growth of the ecosystem, helped raise optimistic expectations around the approval of a Bitcoin ETF in the United States. But one of the previous (unsuccessful) applicants...Read More
It’s safe to say that this was a rather intense week in the cryptocurrency market, despite Bitcoin being only about 2% up throughout the period. Things started off rather calmly, and the market was pretty flat until Monday. Bears took control and brought the price down to slightly above $30K before landing the final blow...Read More
Jack Dorsey, the CEO of Twitter – one of the largest social media platforms on Earth – said that Bitcoin will be a big part of the company’s future. Yesterday, July 22nd, Twitter published its Q2 2021 letter to shareholders, as well as its Q2 Earnings Conference Call. During the call, Jack Dorsey discussed many...Read More
Major bitcoin ATM operator Bitcoin Depot has inked a long-term partnership deal with convenience store chain Circle K to install Bitcoin kiosks in the United States and Canada. Bitcoin Depot and Circle K Partner to Install Bitcoin ATMs Bitcoin Depot announced the deal via a press release on Thursday (July 22, 2021). According to the...Read More
Trevor George Smith Jr., better known for his stage name Busta Rhymes, is now officially a Bitcoin holder. He broke the news in a tweet following yesterday’s discussion between Elon Musk, Jack Dorsey, and Cathie Wood. CryptoPotato reported earlier in July that Busta Rhymes is looking into the cryptocurrency market. It took him less than a...Read More
Elon Musk and Jack Dorsey finally had their face-to-face talk about Bitcoin at “The B Word” event today. Joined by Cathie Wood and moderated by Steve Lee, their long-awaited talk was largely bullish all around – including on Bitcoins energy use, which Elon says he is now more optimistic about. The three began by citing...Read More
The latest retracement that drove bitcoin to sub-$30,000 levels has not deterred Cathie Wood’s investment management company ARK Invest. The firm has bought more than 140,000 additional shares of the Grayscale Bitcoin Trust in a day for its ARK Next Generation Internet ETF. ARK Investment Bought the Bitcoin Dip? The price of the primary cryptocurrency...Read More
Although the US Securities and Exchange Commission has failed to approve even a single BTC ETF application, the Grayscale CEO believes it’s a matter of “when, not a matter of if.” In a recent interview, Michael Sonnenshein also outlined that the current price correction has allowed long-term investors to accumulate more portions. BTC ETF: A...Read More
Mike Tyson, one of the greatest boxers in history, has asked his millions of followers on Twitter if they prefer bitcoin or ether. This comes shortly after the popular rapper Busta Rhymes asked around for trustworthy sources for education about digital assets. Iron Mike: Bitcoin or Ethereum? The 55-year-old, considered by many as the greatest...Read More
After another week of consolidation for bitcoin, with a drawdown to $31k, investors look to the weekend for a sigh of relief as the GBTC shares unlock continues. On-chain analysts detected an unusually large inflow of 41,000 BTC over a few transactions into Coinbase Pro Exchange, in just one hour. The immediate reaction from Crypto...Read More
The non-profit organization – American Cancer Society – plans to hire a product supervisor to oversee its potential cryptocurrency and NFT roadmap. The best candidate needs to have experience in fintech, knowledge of payments processing, and a passion for digital assets. The ACS Wants to Be The Leading Digital NPO The health organization dedicated to...Read More
It was a tough week price-wise in the cryptocurrency market. The total capitalization lost around $100 billion as every single coin from the top 20 is in the red. Some lost more than others, but we’ll get to that later. Kicking it off with Bitcoin. It had a relatively calm week, and even though it’s...Read More
After years of bashing Bitcoin, one of America’s largest banking establishments – Bank of America – seems to have completed its 180-turn. The organization has purportedly approved the trading of BTC futures. Citing two sources familiar with the matter, CoinDesk reported that the Wall Street behemoth will enable some of its customers to trade BTC...Read More
Jackson, Tennessee, could soon implement BTC for property tax payments, according to the city’s mayor – Scott Conger. He made this statement shortly after bashing the US government for the unnecessary high inflation rates across the entire country. Scott Conger, the mayor of Jackson, Tennessee, since 2019, took it to Twitter to indicate that the...Read More
The Biden administration reportedly plans to take severe measures on the use of digital assets in ransomware attacks by starting to track such transactions. Crypto Tracing to Combat Cyber Attacks The governing body of the USA discussed how to combat the growing number of ransomware attacks during a virtual briefing with members of Congress. According...Read More
The global payments giant Visa has approved the issuance of a physical debit card that will allow Australians to spend their bitcoins at local stores and leisure venues. The inovation will enable customers to make direct purchases with crypto instead of converting digital assets to fiat money. First BTC Spending Card in Australia According to...Read More
A few weeks after the initial filing with the US Securities and Exchange Commission, Capital Group’s allocation in MicroStrategy has become official. The giant financial firm with over $2 trillion in AUM has bought nearly 1,000,000 shares in the business intelligence company holding more than 100,000 bitcoins on its balance sheet. The financial services company...Read More
The world’s largest digital asset manager, Grayscale Investments, has partnered with America’s oldest bank BNY Mellon. As a result, the banking giant will provide the Grayscale Bitcoin Trust with fund accounting and administration starting later this year. The announcement from Grayscale states that as of October 1st, 2021, BNY Mellon will become an official partner...Read More
On-chain analytics provider, Glassnode, has detailed the current state of the Bitcoin network which appears to be fundamentally strong, despite the lethargic price action. Labeling it an “impressively quiet week” the company confirmed that volatility is diminishing as BTC remained range bound between roughly $34,900 and $32,500. “It is starting to feel like the calm...Read More
China’s crackdown on cryptocurrency mining has wreaked havoc on the Bitcoin mining industry, but some are looking to turn the crisis into business opportunities by offering profitable and sustainable alternatives in more cryptocurrency-friendly locations. The search for alternative sustainable Bitcoin mining solutions intensified after Tesla CEO Elon Musk announced that his company would stop accepting...Read More
CryptoPotato had the opportunity to host a discussion with Lennix Lai – the Financial Markets Director at OKEx. Established in 2017, OKEx is one of the leading cryptocurrency exchanges in the world by means of trading volume and is also a big player in China. We took the opportunity to discuss, first hand, what’s currently...Read More
Hive Blockchain Technologies Ltd, the cryptocurrency mining firm that went public in 2017, has purchased more than 3,000 mining devices. The machines, MicroBT WhatsMiner M30S, should increase the firm’s overall Bitcoin hash rate by nearly 50%. HIVE Buys 3,019 Miners The company announced its latest purchase in a press release on July 12th. The equipment...Read More
Hisham Chaudhary – a sales consultant from Leicestershire, United Kingdom – was found guilty of transferring bitcoin to the terrorist organization IS. The man will wait until September 3rd to hear his sentence. BTC Supplies for The IS The British broadcast news organization – BBC News – reported recently that a jury at the Birmingham...Read More
The Swedish resident – Roger Nils-Jonas Karlsson – pleaded guilty to luring at least 3,575 people into a fraudulent Bitcoin investment scheme. According to the investigation, he embezzled more than $16 million from his illegal actions and will spend the next 15 years in federal prison. The Pension Plans Turned out to Be a BTC...Read More
With Grayscale Bitcoin Trust (GBTC) biggest BTC unlocking event scheduled to happen in the middle of July, many market analysts and traders are worried about the potential effects of this event on bitcoin’s price and the crypto market in general. However, crypto trading firm, QCP Capital, believes the unlocking will not pose any significant threat...Read More
Nearly half of the UK residents aged between 18 and 29 admitted that their first investment was in digital assets. However, more than 50% of the youngsters used debt to purchase cryptocurrencies. Crypto is Attractive for The Young Britons A recent poll conducted by Opinium for the investment platform Interactive Investor revealed that 45% of...Read More
Crypto influencers will no longer be allowed to promote crypto projects on TikTok after the popular social network released new guidelines on Friday. TikTok Bans Crypto Ads Updating its Brand Content Policy, TikTok noted that all the following forms of financial services and products are now banned from the social media platform: cryptocurrencies, trading platforms,...Read More
Bitcoin failed to produce any notable gains over the past week, and the same can be said about the entire cryptocurrency market. It appears that the most recent regulatory clampdown in China and talks of legislation in other countries continue to take their toll. At the time of this writing, BTC is trading at around...Read More
Tesla’s CEO Elon Musk believes transactions costs and speeds using bitcoin and ether are expensive and slow at the base layer. Instead, he indicated that the meme coin that started as a joke – Dogecoin – could serve as a solution as it minimizes the fees. The popular cryptocurrency YouTuber Matt Wallace, lately focusing on...Read More
A month after dabbling with the idea of developing a BTC hardware wallet, Square’s Jesse Dorogusker said the company has decided to do it. He outlined the community’s engagement as the primary reason behind the firm’s decision. CryptoPotato reported in early June when Jack Dorsey, the CEO of Square and a prominent Bitcoin bull, said...Read More
