The crypto space seems to have come back on track as some of the coins started to show a decent uptrend. Bitcoin price after falling from $53k to $43K last week is up by 3.57% in the last 24 hours. Few analysts and a portion of the crypto community appear extremely bullish for BTC price....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
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
Bitcoin has been falling for the second day in a row, dipping below the $46,000 mark. After falling to $44,000, Bitcoin has made a solid comeback above the $44,000 support, according to the Bitcoin price analysis. Since then, the price has maintained above the threshold but has not surpassed $46,000. At the time of writing,...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
Even as El Salvador passed Bitcoin as legal tender, the token dipped from $52K yesterday. The plunge saw BTC fall from nearly $53K to $43,119. However, it is now climbing back, but it’s still unclear if the rally will continue or more support levels will be tested. BTC after the fall, went on the next...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
In a recent report published by English bank Standard Chartered, analysts structurally value Ethereum at “USD 26,000- 35,000” while also predicting that Bitcoin will reach 170k. Standard Chartered: Why ETH beats Bitcoin for Investment The financial service giant’s report, titled “Ethereum Investor Guide,” explains the network’s value proposition while comparing and contrasting it with the...Read More
El Salvador officially became the very first country in the world to formally recognize Bitcoin as a legal tender, essentially making it illegal for anyone to refuse to accept BTC as payment. Speaking on the matter and congratulating the entire community, Charles Hoskinson said that he thinks many other nations will follow in these footsteps....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
Bitcoin price strongly made its way to $50k for the third consecutive time. Well, we brought you some interesting on-chain data to make your weekend more special! Wondering, what it is? Well, let’s dive and discover! BTC made a clear come back this week after the May market crash. On-chain supply dynamics are at their...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
Twitter might possibly be working on an update enabling tweeters to add their Bitcoin and Ethereum wallet addresses to receive tips via the Tip Jar. The leak was shared by a user on Twitter. Looking at the screenshot it is evident that the beta version being tested is on ios. Twitter had earlier enabled users...Read More
Bitcoin Price Prediction As weekend approaches, Bitcoin and Ethereum are fueled to hit higher. The flagship crypto, only the fourth time in the previous four months surpassed $50,000. Bitcoin has been trading at its highest intraday level since August 23, 2021, when it touched $50,913. At the time of writing, BTC is trading at $50,435...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
Kevin Wadsworth – co-founder of the technical analysis company Northstar & Badcharts – opined that the current cryptocurrency bull market would “conclude before the end of the year” and bitcoin would reach a price of around $100K. The top executive also stated that the primary digital asset’s USD value might exceed $1 million in 2025....Read More
Around 10 to 11% of Bitcoin’s total supply hasn’t moved in over a decade with 2.3 million being held by Bitcoiners since 2011. As per the reports of Glassnode, a crypto metric platform, it indicates that 2,068,167 Bitcoins have remained stagnant or lost for over over 10 years, with a total of 18,801,525 circulating supply...Read More
The Chinese government has continued its conscious efforts to eliminate the use of cryptocurrencies in the country by constantly reminding the general public of the risks associated with them. During a media briefing on August 27th, the deputy director of the Financial Consumer Rights Protection Bureau of the People’s Bank of China (PBoC), Yin Youping,...Read More
