Bitcoin surged to $US66,000 (A87,863), riding excitement over how the financial institution is accepting digital currency’s rise. After climbing to $US66.974.77 ($A89.161.15) earlier, one Bitcoin was now valued at $US66.096 ($A87.991) as of Wednesday US Time. After falling below $US30,000 ($A39.938) in the northern summer, the digital currency has rebounded to surpass its April record. According to CoinDesk, […]
Bitcoin Again Reaches Market Cap of $1 Trillion After Gain in Price
Bitcoin, the oldest and most popular cryptocurrency in the world, has once again exceeded $1 trillion market capitalization (roughly Rs. 74,73,650 crores). The crypto coin, supported by investors’ enthusiasm, has moved beyond the $50,000 mark (roughly Rs. 37.38 lakhs. According to crypto experts, the recent rise in Bitcoin prices is due to investors being skeptical of the stock […]
Jack Dorsey’s Square Joins Largest Bitcoin Investment In Africa
African Bitcoin Exchange Yellow Card raised $15 Million in Series A funding, the largest round of financing in Africa. Yellow Card, a Pan-African Bitcoin exchange, announced yesterday it had raised $15 million in Series A funding. The round was led by Valar Ventures and Third Prime. The round also included Jack Dorsey’s Square Ventures, Coinbase Ventures and Blockchain.com Ventures. […]
National Bitcoin Adoption Could Drive A $1 Million Bitcoin Price
The official rollout of bitcoin in El Salvador began last week. Ukraine then joined the bitcoin train. Laos has announced plans to allow bitcoin mining in Laos, just months after China cracked down on crypto. It seems as though every week, a new country joins the bitcoin bandwagon. Billionaires keep hoisting the bitcoin bullhorn while the […]
El Salvador becomes first country to adopt bitcoin as legal tender
Tuesday marks the official adoption of bitcoin by El Salvador. Both supporters and opponents alike will be closely watching to see if there are enough people willing to transact bitcoins. Nayib Bukele, President of the Bitcoin Foundation, has been tweeting about buying bitcoins first and then buying them later. El Salvador just purchased its 200th coin. Our […]
Why Bitcoin Is So Divisive
One of the strangest things about crypto is its divisive nature. Depending on who you talk to, crypto could be described as either “potentially revolutionizing the global economy” or “worse than tulip bulbs”. This is a rare asset class that generates such extremes. Some people like emerging markets and some people don’t, but no one threatens […]
Bitcoin ETF to open the door to six-figure prices, says crypto trader
According to one crypto trader, bitcoin is climbing the ladder to $50,000. One critical event in the space could open up the floodgates to institutional money. This would make bitcoin a potential six-figure asset. The approval of an ETF will be the most significant single event in bitcoin’s history. It would allow a large pool […]
SEC Chair Hints Bitcoin ETF Possible
After Tuesday’s speech by Gary Gensler, the Chair of the Securities and Exchange Commission, hopes for a U.S.-listed Bitcoin ETF increased. However, his strong remarks about the need for more regulation within the crypto space dampened the optimism. Bitcoin Futures ETF Favored Gensler’s most prominent comments regarding ETF investors were about the possibility of a […]
Bitcoin’s Corporate Diehards Face Earnings Reckoning After Slump
Bitcoin’s corporate champions need to be held accountable for the brutal cryptocurrency selloff. After the drop in price of Bitcoin in the second quarter, companies such as MicroStrategy Inc. and Tesla Inc. will need to report on their digital holdings next week. Square Inc. is one of few large companies that has added cryptocurrency to its […]
Former Heavyweight Boxing Champion Mike Tyson Asks Fans if They Prefer Bitcoin or Ethereum
Former professional boxer known as “Kid Dynamite” and “Iron Mike”, tweeted on Saturday about bitcoin and ethereum and asked his followers to choose their favorite crypto asset. Tyson is very familiar with bitcoin. On July 25, 2015, Tyson tweeted about an automated teller machine (ATM), that had his image. A website called miketysonbitcoin.com was also shared by Tyson. It […]