Car For Coin – an auction website where users can purchase luxurious cars – also provided bitcoin payments as an option. Other examples of the latest cryptocurrency adoption are the fashion brand – PacSun – and the charity organization – Nicklaus Children’s Hospital Foundation. Paying for Tesla in BTC Becomes Possible Again Even though Tesla...Read More
Ethereum co-founder Vitalik Buterin spoke out against President Nayib Bukele’s compulsory bitcoin usage for merchants and businesses, saying it was against cryptocurrency’s “ideals of freedom.” Buterin commented in response to a Reddit article titled “Unpopular opinion: El Salvador President Mr. Nayab (Nayib) Bukele should not be praised by Crypto community.” The Ethereum co-founder did not...Read More
BTC has had a strong week, breaking over a key downtrend line and the September high of $52.9k. It managed to record an intraweek high of $56.1k, plunging deeper into the technical and on-chain resistance zone of $55k to $58k. Near-term technicals, have reached somewhat overbought levels, implying that a consolidation or minor retreat is...Read More
It’s been a green week all across crypto land as positive sentiment and big gains returned to the market. Leading the scene is Bitcoin, with an impressive surge of around 25%, once again tapping the mid-May highs. Just earlier today, Bitcoin reached a price of $56,000 – something that we haven’t seen since the middle...Read More
Institutions have resumed their appetite for bitcoin instead of gold, claimed strategists from the giant Wall Street bank JPMorgan Chase & Co. Consequently, they attributed the recent price surge to new multi-month highs to substantial purchases coming from large investors. Guess Who’s Back? The demand for bitcoin from institutions is a relatively new concept in...Read More
Over the past seven days, bitcoin’s price is up by roughly 23% according to data from CoinGecko. It’s a considerable advance in a relatively short amount of time, and the third-largest BTC whale has decided it’s time to take some profits. The third-largest Bitcoin address currently holds around 108,265 BTC according to Bitinfocharts. It appears, though,...Read More
Andrew Yang – former member of the Democratic party and primary race – just revealed his new political organization called “The Forward Party.” Shortly afterward, he also confirmed support for the broader cryptocurrency industry. Andrew Yang Loves Cryptocurrency Yang unveiled his new party in a tweet from yesterday, where he clarifies what the party is...Read More
The market leader BTC has sparked a rally above $54K, Ethereum too is pacing above $3500. XRP too is set to accelerate as it hits $1.08. However, ADA continues to face heavy resistance in the $2.3 range. Amidst such market activity, Popular analyst and trader Scott Melker predicts new rallies for Polygon and two other...Read More
With the last quarter of the year underway, bitcoin has reclaimed its dominance in the amount of interest shown by institutional investors as it leads the pack in weekly inflows. According to the latest Digital Asset Fund Flows Weekly report by CoinShares, institutional investors have continued to increase their exposure to digital currencies. The asset...Read More
Dawn Fitzpatrick – CFO of Soros Fund Management – recently weighed in on what makes cryptocurrency interesting to her. Contrary to comments from months ago, she now said bitcoin is more than an inflation hedge, citing other use cases. Fitzpatrick: What Makes Cryptocurrency Interesting Fitzpatrick aired her thoughts in an interview with Bloomberg this Tuesday....Read More
US Bank – the fifth-largest retail bank in the United States – is launching a crypto custody service available to fund managers as more institutions race to meet clients’ demands for cryptocurrencies. Potential Room For Several of Coins The news, first reported by CNBC, revealed that US Bank partnered with New York Digital Investment Group...Read More
Lord Fusitu – a Tongan barrister, landowner, and MP – is a fervent supporter of making Bitcoin a true currency inside the nation’s borders. He plans on tabling a bill to make Bitcoin legal tender alongside Tonga’s national currency, the pa’anga. Why Make Bitcoin Legal Tender in Tonga? Tonga is a small island nation and...Read More
The popular whistleblower Edward Snowden has joined the list of people believing that the Chinese ban on Bitcoin will actually benefit the cryptocurrency. He also recently wrote about BTC’s price, which is roughly 10x higher than the last time he did. The Chinese Ban is Good for Bitcoin Although the world’s most populated nation has...Read More
Bitcoin’s price closed in September at a lower level than it did in August. While that may sound like a negative occurrence for BTC bulls, the popular cryptocurrency analyst PlanB actually saw this happening months ago and predicted the exact closing price. Furthermore, he provided even more favorable prices for the end of October, November,...Read More
Nayib Bukele – president of El Salvador – recently took to Twitter with some mining numbers. It appears that the country’s developing volcanic mining facility has produced its first Bitcoin. Volcanic Bitcoin As revealed by Bukele earlier today, the gains produced by the volcano are still small. However, the president still seemed quite enthusiastic to...Read More
Bitcoin reached its highest level since mid-September on Friday. It has made a strong comeback and is closing in on the crucial $50,000 level. One reason for bitcoin’s uptick in price is Powell’s remarks on Thursday. The most valuable cryptocurrency was up over 6.45% to $47,671, with a high of just under $48,000. Bitcoin is...Read More
The cryptocurrency market is off to a fantastic start in the new month. After the values of Bitcoin and a slew of other altcoins climbed during the last few hours, the overall cryptocurrency market cap has reclaimed the $2 trillion threshold. Bitcoin’s price has risen by more than 10% in the last 24 hours. As...Read More
It’s been a very productive week in the cryptocurrency market, but it’s safe to say that most of it was due to the volatile price action during just one of the days – Friday, October 1st. Going back, last Friday, the BTC price was hovering around $43,500, and, in fact, it stayed there for quite...Read More
Flourish – a Fintech platform geared towards Financial Advisors – has started a digital asset initiative called “Flourish Crypto.” The platform will offer accessible Bitcoin investment options to RIAs, equipped with advisor-specific compliance resources. Crypto Solutions for Investment Advisors According to a press release from GlobeNewswire, Flourish Crypto will include access to direct cryptocurrency ownership....Read More
The Puerto Rican billionaire businessman – Orlando Bravo – believes cryptocurrencies will play a significant role in the future monetary system. He admitted that he is a bitcoin owner as he anticipates its price to surge in the following years. ‘How Could You Not Love Crypto?’ Orlando Bravo – Co-Founder and Managing Partner of Thoma...Read More
Chris Vermeulen – Founder and CEO of Technical Traders LTD – opined that bitcoin’s USD value would increase to $90,000 in about a year. Nonetheless, its price might plunge to $16,000 on its way to the new all-time high record. How Does The Road to The Top Look Like? In a recent interview for Kitco,...Read More
The crypto space is finally on the brink of a massive breakout as the entire market begins with a notable rebound. The assets in the top 10 are slowly gaining bullish momentum and initiating an uptrend to reach their respective targets. Bitcoin price also attempting a firm grip over the bullish trend in order to...Read More
After China recently banned all crypto-related activities in the country, crypto exchange Huobi Global had to limit mainland Chinese citizens from registering on the platform. As a consequence, the Huobi pool – the eighth biggest BTC pool- is now moving a massive amount out of their funds, possibly to cover the client withdrawal needs on...Read More
The American fintech company – Verifone – will enable cryptocurrency payment options to its clients through a collaboration with the bitcoin payment service provider – BitPay. The service will be available later this year as initially it will be introduced only in the United States. The New Crypto Opportunity According to a recent press release,...Read More
The crypto space has seen high tides this month. Consecutively, netizens believe this September to be more treacherous than it has been previously. People well versed with the industry, mind very little with the crackdown in China. And the proposal of the U.S infrastructure bill. As the institutional belief is ever rising despite the regulations....Read More
Morgan Stanley – the global financial services mogul – continues to increase its exposure to Bitcoin through Grayscale’s BTC trust. Morgan Stanley continues to increase its exposure to Bitcoin. As CryptoPotato reported back in August, the financial services company’s Insight Fund held 928,051 shares of Grayscale’s Bitcoin Trust. A recent filing with the United States Securities and...Read More
Rosie Rios – 43rd Treasurer of the United States – recently voiced her support for XRP. Meanwhile, she implies that Bitcoin and Ethereum are merely speculative assets by comparison. Rios Backs Ripple The former treasurer tweeted her thoughts yesterday, stating that XRP has a role in facilitating cross-border payments, while the current top cryptocurrencies lack...Read More
Crypto space is one of the fastest-growing technology with a rapid adoption rate over time. Now, the world has over 300 million potential crypto user base station. So, whenever things go beyond the control of China, the country has the habit of destroying them. The same thing here, China realised the fact that cryptocurrencies like...Read More
Robert Kiyosaki – founder of Rich Global LLC and Rich Dad Company – recently told his followers to invest in Ethereum before “the biggest crash in history.” Thus, the author of the best-selling book Rich Dad Poor Dad added ETH to BTC, gold, and silver as his most-preferrable investment instruments. Kiyosaki’s Plea: Invest in Crypto...Read More
Again, for the second time in the year economic turmoil coming out of the Chinese market threatened Bitcoin and other assets prices. Stay away from the FUDs. Despite the bear trend throughout the week, Bitcoin millionaires stay bullish and speculation says BTC price to hit $69k in the next bull run! Interestingly, Bitcoin smart contracts...Read More
