After years of controversial history with the digital asset industry, India could be changing its mind again and moving from banning cryptocurrencies to classifying them as an asset class. By citing “top sources tracking the industry,” The New Indian Express reported the latest development earlier on June 10th. The paper reads that the government has...Read More
The U.S. department of the world’s largest meat producer, JBS S.A., has paid its ransomware hackers $11 million in bitcoin. This comes amid warnings worldwide regarding the growing threat of such attacks and the involvement of cryptocurrencies. JBS Pays $11M in BTC to Cybercriminals JBS USA Holdings is an American food processing company operating under...Read More
When it comes to Bitcoin, the president of El Salvador does not know what it means to go slow. Over the weekend, he announced that he was working on a proposal to accept Bitcoin as legal tender. 3 days later, he introduced the bill to the Assembly, and hours later that same day, the bill...Read More
Wikipedia has listed Bitcoin (BTC) as one of El Salvador’s official currencies —shortly after, the country turned BTC into an official legal tender approved by a supermajority in the Salvadoran Congress. Wikipedia now lists #Bitcoin as El Salvador’s currency. pic.twitter.com/JfbdoeBumB — Documenting Bitcoin 📄 (@DocumentingBTC) June 9, 2021 El Salvador became the first country to...Read More
Bitcoin’s price is nearing a critical level as the 50-day moving average is close to the 200-day moving average. The so-called death cross typically results in significant price volatility, with history suggesting two possible outcomes. Scenario 1: Bitcoin Goes Down Hard Ever since BTC peaked in mid-April at $65,000, the cryptocurrency has failed to continue...Read More
Politicians based in Latin America continue to support bitcoin, with the latest example coming from the advisor of the Colombian President. Jehudi Castro Sierra, who has been a vocal Bitcoiner for a while, recently told permanent BTC basher Peter Schiff to short the asset and “shut up.” Peter Schiff Being Peter Schiff Anyone who is...Read More
The business intelligence and analytics company announced the move on June 8 which CEO Michael Saylor tweeted on his feed a few hours later. The notes will be sold in a private offering to qualified institutional buyers and the offering is expected to close on June 14, 2021. The company announced the pricing of $500...Read More
American billionaire hedge fund manager Marc Lasry said he should have bought “a lot more” Bitcoin (BTC) a few years ago. During a CNBC’s Squawk Box interview, Lasry commented on BTC’s performance and 2020’s bull run. He regrets not buying more as the price surge happened a lot quicker than he thought —mainly due to...Read More
Tim Wu – a leading antitrust expert at the White House – owns between $1 and $5 million in bitcoin. His crypto investment represents the largest chunk of his portfolio. The Critic Turned out to Be a HODLer According to Politico, Tim Wu – who is also an attorney and a legal scholar – holds...Read More
The United States Department of Justice said that it recovered over $2 million worth of bitcoin, which was the majority of the ransom paid by the U.S. oil pipeline giant Colonial Pipeline to cybercriminal group DarkSide. DoJ Recovers 63.7 BTC The DoJ made the announcement in a press release on Monday (June 7, 2021). According...Read More
Jack Dorsey continues to display his support for the Bitcoin network, this time through the financial services company he runs – Square Inc. The firm has partnered with Blockstream to build an open-source, solar-powered BTC mining facility. Solar-Powered Bitcoin Mining Coming in the US Bitcoin mining became a hot topic within and outside the cryptocurrency...Read More
Although MicroStrategy has already allocated more than $2 billion in the primary cryptocurrency, the business intelligence giant has no plans to stop buying. The firm announced plans to offer $400 million worth of senior secured notes due 2028 and to allocate the raised funds in BTC again. Ever since its initial purchase worth hundreds of...Read More
After El Salvador announced plans to adopt Bitcoin as legal tender, an official from Paraguay’s government has hinted at a similar development. The country’s Deputy of the Nation, Carlos Antonio Rejala Helman, suggested that the government will start working on a big project involving the largest cryptocurrency and PayPal. Is Paraguay Next in Line? The...Read More
Approximately five months after allocating 2.5% of its portfolio in BTC, Ruffer Investment has sold its entire position at a profit of over $1 billion. The firm cited the declining interest from younger generations as the primary reason for the sale. CryptoPotato reported in late 2020 that the giant asset manager founded in 1994 in...Read More
SkyBridge Capital, the hedge fund founded by Anthony Scaramucci with over $7 billion in AUM, has doubled down on its support of Bitcoin. The organization’s Co-Chief Investment Officer, Troy Gayeski, said they believe in gold’s future but are more keen to invest in what many consider its digital alternative. Gold is Good, Bitcoin is Better...Read More
Institutional investors based in the UK and France will be able to receive BTC exposure through a Bitcoin ETP launched by 21Shares. The Swiss organization announced that its exchange-traded product tracking the performance of the largest cryptocurrency will be available on Aquis Exchange. Bitcoin ETP Coming in the UK and France Based in Zug, Switzerland,...Read More
ShapeShift CEO Erik Voorhees is no shy when it comes to expressing his opinion about politics, finance or Bitcoin maximalism —no matter popular or unpopular they might be. During an intervention at the Bitcoin 2021 conference in Miami, Voorhees criticized an earlier panelist’s comment praising toxic Bitcoin maximalism, saying that such thinking was, erm, wrong...Read More
El Salvador’s president revealed at the ongoing Bitcoin 2021 Conference in Miami that he plans to make bitcoin a legal tender in his country. Speaking at the Bitcoin 2021 event, Nayib Bukele, the president of El Salvador, said he is planning to introduce a law that will make bitcoin a legal form of money in...Read More
Kais Mohammad – a resident of Orange County – will spend the next 24 months in federal prison for operating an illegal BTC ATM service. The US officials said that the man processed up to $25 million with some of it on behalf of criminal suspects. Behind Bars In 2020 Kais Mohammad, also known as...Read More
The Hungarian capital will immortalize the anonymous creator of Bitcoin by building a bronze statue of him. The designers of the project plan to put a hoodie on his head to represent his anonymity. A Statue of His Honor The secret identity of Bitcoin’s creator – with the pseudonym Satoshi Nakamoto – remains one of...Read More
During the ongoing 2021 Bitcoin conference, Tony Hawk revealed that he purchased bitcoin first in 2012 after watching how it works on the Silk Road. He added that he had kept most of his holdings aside from donating some BTC to charity organizations. While comparing his first passion skateboarding and his current affection for bitcoin,...Read More
Speaking to Anthony Pompliano during the 2021 Bitcoin conference, the Gemini founders, Tyler and Cameron Winklevoss noted that they are still BTC hodlers and pledged to hold at least until the price reaches $500,000. Additionally, they called the US dollar the “ultimately shitcoin.” The Winklevoss twins are among the most famous early BTC adopters, having...Read More
Bitcoin is trading more or less where it was a week ago, following another seven days of choppy price actions. This time, however, it seems that it was an event that propelled its most recent decline and the catalyst was no other but Elon Musk. Last weekend kicked off with a crash towards $33K on...Read More
During the ongoing Bitcoin 2021 conference, Michael Saylor spoke with long-time BTC proponent Max Keiser on why and how he started buying, the asset’s merits, and what cannot happen with it. Saylor, who has purchased tens of thousands of bitcoins for himself and the company he runs – MicroStrategy – in the past year, outlined...Read More
In the early hours of Friday morning the Bitcoin provocateur was back stirring the digital pot with another tweet, this time depicting a broken heart. The cryptic tweet hinted at a potential split with Bitcoin which is currently down 42% from its all-time high of $65K in mid-May. #Bitcoin 💔 pic.twitter.com/lNnEfMdtJf — Elon Musk (@elonmusk)...Read More
Elon Musk’s debacle with the cryptocurrency community over BTC’s energy consumption levels has turned people against him, revealed a recent report. A company tracking social sentiment has outlined a significant reversal in social media engagements, with the majority taking a negative approach towards Tesla’s CEO. Elon Musk Sentiment Goes Into Negative Territory It’s safe to...Read More
Philips will be auctioning a world-famous artwork called “Laugh Now Panel A” created by the anonymous street artist Banksy. Jonathan Crockett – Asia Chairman at the company – announced that BTC or ETH would also be accepted as a means of payment on the auction. Philips Enters the Crypto Community In a recent Bloomberg interview,...Read More
Residents of the Chinese capital will receive 40 million renminbi ($6.2 million) of the digital currency. They can use two banking apps to apply to win one of the 200,000 so-called ”red packets”, each containing 200 yuan, as part of a lottery. Simultaneously, the governor of Russia’s central bank called digital currencies the future of...Read More
Guggenheim Partners may invest in Bitcoin and other cryptocurrency assets through its latest fund called Guggenheim Active Allocation Fund. A recent filing with the Securities and Exchange Commission revealed the giant’s plans to receive the exposure through cash-settled derivatives instruments. CryptoPotato reported last year Guggenheim’s filing in which the behemoth sought SEC approval to allocate...Read More
An ominous technical indicator called the ‘death cross’ is looming suggesting that the Bitcoin bull market could well be over. Cryptocurrency trader ‘Rekt Capital’ has observed the bearish signal stating “whenever a Death Cross occurs, BTC experiences deeper downside,” A death cross is a technical chart pattern indicating the potential for a major sell-off or...Read More
