Nearly $5 billion in bitcoin could make their way back to Mt. Gox users following a deal between creditors and CoinLab. Nevertheless, the agreement is still reportedly subject to creditor acceptance. Bloomberg reporter Matt Leising offered a brief explanation of the story earlier today, noting that CoinLab has reached a deal with Mt. Gox creditors...Read More
This week was very intensive in the cryptocurrency market. It’s perhaps safe to say that it was among the most tumultuous ones we’ve had in the last few months. Everything started calmly, and during the weekend, the price hit an all-time high value of $42,000. The excitement was short-lived, as immediately after that, bitcoin went...Read More
Blockchain intelligence firm Chainalysis has tracked simultaneous Bitcoin (BTC) donations to wallets associated with right-wing extremist groups in the U.S., which might have helped fund the recent riot at the U.S. Capitol. The news marks yet another pivot towards pseudonymous money transfer means by alt-right groups in the U.S. Alt-Right Agitators Received $500K in Bitcoin...Read More
This has resulted in the renewal of six-figure price predictions for this market cycle, with some suggesting a top of $300,000 this time around. At the time of writing, Bitcoin was trading at $37,900 after reaching an intraday high of $40,000 according to Tradingview.com. The asset had started to fall back during the Asian trading...Read More
Twitter’s CEO Jack Dorsey has issued a statement in which he defended the social media’s decision to ban the account of US President Donald Trump. Interestingly, the executive also took a moment to praise bitcoin’s decentralized nature, saying that the Internet should strive to be more like it. The History Of Trump’s Social Media Bans...Read More
The NASDAQ-listed business intelligence giant MicroStrategy will host an online conference to educate large organizations about the potential merits of investing in bitcoin. Called “Bitcoin for Corporations,” the initiative has also received support from other industry giants such as Gemini, Binance, Coinbase, Fidelity, Grayscale, and more. Bitcoin For Corporation Coming In February The company’s founder...Read More
New Zealand’s financial regulator has warned investors of the dangers of investing in Bitcoin. The comments were aimed at the recent fluctuations in the price of the major cryptocurrencies, which have shown quite the amplitude. Negativity, Led By The Recent Ups and Downs of BTC Price New Zealand’s Financial Markets Authority (FMA) has issued a...Read More
The topic of working COVID-19 vaccines has been widely discussed ever since the virus started spreading globally last year. Although a few have already been approved, their distribution faces difficulties and delays. This has prompted fraudsters to take advantage by promoting vaccines on the dark web and requesting up to $1,000 per dose paid via...Read More
The largest US-based cryptocurrency exchange Coinbase has issued a formal apology for users in the UK and the EU region. The company acknowledged that its services have been unstable because of the high number of new registrations and the latest regulatory requirements. More Users Led To Problems On Coinbase Coinbase users located in the UK...Read More
Investing in cryptocurrencies carries risks of its own. Apart from the highly volatile price, investors who store their funds on external wallets (and not exchanges) need to save and protect the information that will enable them to access the assets. In case someone loses their private keys (essentially a password for the wallet), this could...Read More
Bitcoin prices are currently trading just over 20% down from their all-time high last week of $42,000. Things looked like recovering on Tuesday, January 12, but the ‘lower high’ posted indicates the prices have further to fall and the correction is not over yet. At the time of writing, Bitcoin was trading at $33,000, down...Read More
Less than a year after acquiring a substantial portion in the Hong Kong-based crypto-focused firm BC Technology Group, Fidelity International has upped its stake. The investment subsidiary of the Boston-based mutual fund giant has allocated nearly $7 million more for a total stake of 6.29%. Fidelity Doubles-Down On Investing In A Crypto Firm Bloomberg reported...Read More
Mark Cuban is arguably one of the most popular billionaire investors in the world. Like many celebrities, he recently took the chance to comment on the current state of cryptocurrencies, comparing Bitcoin and Ethereum to the internet stock bubble. Mark Cuban: Crypto is Exactly Like the Dot-Com Bubble The recent volatility in bitcoin’s price took...Read More
The reasoning behind such a claim is that an approved ETF could potentially compete with and cause an outflow from the world’s largest traded cryptocurrency fund, Grayscale’s Bitcoin Trust. It was suggested that the ETF would erode the Grayscale Trust’s effective monopoly, sparking outflows and a slide in its premium to net asset value. This...Read More
The Bitcoin futures platform launched in 2018 by Intercontinental Exchange (ICE) has entered into a “definitive agreement” for business cooperation that will lead to becoming a publicly-traded company with an enterprise value of over $2 billion. The company has also appointed a new CEO. Reports emerged last week suggesting that Bakkt was negotiating a strategic...Read More
Scott Minerd, the CIO of the Wall Street behemoth Guggenheim Partners that recently decided to allocate funds in BTC, said that bitcoin’s recent price increase was unsustainable in the short term. Furthermore, he advised that it was time to take some money off the table, but speculations arose if this is part of Minerd’s master...Read More
In a recent Twitter reply, the CEO of Tesla and SpaceX admitted that he wouldn’t turn out getting paid in Bitcoin. His statement came as a reply to Ben Mezrich, the author of Bitcoin Billionaires. Ben Mezrich and Elon Musk on Bitcoin A couple of days ago, Ben Mezrich, the author of Bitcoin Billionaires: A True Story...Read More
It has taken roughly seven years, but one of Cameron Winklevoss’ bitcoin price predictions has materialized. Back in 2013, the Gemini co-founder and long-term BTC supporter said that the cryptocurrency will reach a price tag of $40,000 faster than anyone imagines. 2013 Winklevoss Prediction Comes True Back in December 2013, Cameron Winklevoss, previously known for...Read More
A recent report informed of a new type of malicious operation that has been active for over a year and has targeted thousands of cryptocurrency users. Dubbed ElectroRAT, it’s written from scratch to work on various operating systems and promoted via dedicated forums and marketing campaigns. A New Threat For Crypto Users The cybersecurity company...Read More
There is no denying that institutions and the big players have been the catalyst for this current crypto market cycle and that notion has been reaffirmed by Morgan Stanley’s latest acquisition. According to reports, Morgan Stanley’s investment management arm boosted a stake in Bitcoin vehicle MicroStrategy Inc. to more than 10% late last year. The...Read More
Over the past seven days, Bitcoin gained more than $11,000 to break above the coveted mark of $40,000. Meanwhile, the entire cryptocurrency market cap surged above $1 trillion for the first time in history. The week started off with bitcoin’s price trading around $29,000, but no one was expecting what happened next. Day after day,...Read More
After an unplanned four-year holding of nearly 2,000 bitcoins, Finland’s Customs has decided to sell them now. Local authorities seized most of them after Darknet drug-trafficking investigations in 2016, but their value has expanded by about 100x since then. The Right Moment to Sell Finland’s Customs is planning to sell 1,981 bitcoins, most of which...Read More
Bakkt, the Bitcoin futures platform owned and operated by Intercontinental Exchange (ICE), is reportedly planning to go public after a merger with the Chicago-based blank-check company VPC Impact Acquisition Holdings. Bakkt To Go Public? By citing “people with knowledge of the matter,” Bloomberg reported the news earlier, saying that the Bitcoin futures platform is already...Read More
Bitcoin is currently trading at around $38,200 as it pulls back slightly after blasting past $40,000 during late trading on Thursday, January 7. At current prices, the asset is up 33% since the same time last week and it still doesn’t look like it is ready to correct yet. Looking at centralized exchange movements could...Read More
Following the latest price developments for bitcoin, the cryptocurrency’s market cap has entered the top ten assets by market capitalization. More recently, BTC has closed the gap with Elon Musk’s electric vehicle and clean energy company, Tesla. Bitcoin Nears Tesla’s Market Cap The cryptocurrency has been on a remarkable run since October 2020. It ended...Read More
In what is most likely a lighthearted take, billionaire investor Mark Cuban has said he would run for the US Presidency if the bitcoin price reaches $1 million per “coin.” Given the supply cap of 21 million units, BTC reaching $1 million would put the top-ranked crypto by market capitalization far eclipse gold’s $10 trillion...Read More
Another record high was registered by Bitcoin a few hours ago as it hit $37,780 for the first time according to Tradingview.com. The move has added a further 6.5% to the price over the past 24 hours and a whopping 30% over the past seven days. It is now trading way above daily moving averages...Read More
Bitcoin’s price has gone on an impressive run in the last few weeks, accelerating at a parabolic rate. Despite the most recent correction, the asset is still trading somewhat solidly above the $30,000 mark, charting an impressive increase of 310% since the same time last year. Yet, Warren Buffett’s longtime partner, Charlie Munger, is still...Read More
The WikiLeaks Bitcoin donation wallet has received BTC from multiple people even as a London court has denied Julian Assange’s extradition to the U.S. based on health concerns. WikiLeaks has a history of attracting BTC donations, with Assange’s plight resonating with early adopters who share libertarian ideals. WikiLeaks Bitcoin Donation Wallet Holds over $600K in...Read More
Strategists at the leading U.S. bank have been crunching the numbers and comparing Bitcoin to traditional store of value assets such as gold. Led by Nikolaos Panigirtzoglou, the analysts suggested that Bitcoin’s current market capitalization of around $580 billion would have to rise by 4.6 times to create a theoretical price of $146,000. This would...Read More
