Coinbase CEO Brian Armstrong Clarifies: No “Paper Bitcoin” Sale to BlackRock In a recent interview with The Information, Coinbase CEO Brian Armstrong addressed the rumors surrounding a potential “paper Bitcoin” sale to financial giant BlackRock . Armstrong clarified that there was no such sale, stating, “We have not sold any paper Bitcoin to BlackRock or…
Miners Abandon Bitcoin: The Rise of AI in the Face of Soaring Energy Costs Background: Bitcoin, the pioneer of cryptocurrencies, has garnered worldwide attention due to its potential for decentralized digital transactions. However, the increasing popularity of Bitcoin has led to an escalating problem: high energy consumption. Traditionally, mining new bitcoins involves solving complex mathematical…
Bitcoin Sheds Gold’s Shadow: Extends Bearish Streak Beyond the Precious Metal Despite Bitcoin‘s initial promise to surpass gold as a digital form of store-of-value, the world’s first decentralized cryptocurrency has been unable to shake off the precious metal’s shadow. However, recent market trends suggest that this might be changing. As of now, both Bitcoin and…
Bitcoin Bulls Roar Back: BTC Surges Above $60,000 Background: Bitcoin, the world’s largest and most popular cryptocurrency by market capitalization, has seen a tumultuous ride over the past few months. After reaching an all-time high of around $64,800 in mid-April 2021, BTC experienced a sharp correction and plummeted below the $30,000 mark in May. Recent…
MicroStrategy’s Game-Changing Move: Converting $1.1B in Shares to Bitcoin MicroStrategy, a business intelligence company, made headlines recently with its groundbreaking decision to allocate a significant portion of its cash reserves to Bitcoin. In August 2020, the company announced it would invest $425 million in purchasing approximately 16,796 bitcoins, making it one of the largest corporate…
Bitcoin ETFs continue to experience surges in interest, as evidenced by recent data showing $39 million in inflows . This marked a significant turnaround from the previous week, where there were notable outflows. The renewed appetite for crypto -backed exchange-traded funds (ETFs) suggests that investors are increasingly confident in the value proposition of Bitcoin as…
Bitcoin’s Resilience: Unraveling the Myth that a Trump Victory is Necessary for its Thrivance Introduction The relationship between political events and Bitcoin’s price has long been a topic of debate among cryptocurrency enthusiasts. Some believe that a Trump victory in the US presidential election is necessary for Bitcoin’s thrivance, while others argue that it’s a…
Gemini Exchange Unveils 2024 Global State of Crypto Report: Insights, Trends, and Predictions In an effort to provide the most comprehensive and insightful analysis of the crypto market, Gemini Exchange – a leading global cryptocurrency exchange – has recently released its 2024 Global State of Crypto Report. The report offers an in-depth exploration of the…
Nubank’s Surprising Announcement: Nucoin to be Discontinued In a shocking turn of events, Nubank, the leading digital bank in Latin America, announced that they will be discontinuing their cryptocurrency product, Nucoin. This news came as a surprise to many, given that Nubank had been one of the most prominent players in the Brasilian cryptocurrency scene….
Revolutionizing Peer-to-Peer Payments: Venmo and PayPal’s Embrace of Crypto through Ethereum Name Service Integration Background: Peer-to-peer (P2P) payment platforms have revolutionized the way we transfer funds between individuals. Companies like Venmo and PayPal have dominated this market with their user-friendly interfaces and ease of use. However, the crypto revolution has been gaining momentum, and these…
Metaplanet Inc.: Expanding Its Bitcoin Reserves to a New Milestone Metaplanet Inc., the leading tech company in the blockchain industry, continues to demonstrate its commitment to bitcoin by expanding its BTC reserves. With the recent acquisition of 398.8 BTC, Metaplanet’s total bitcoin reserves now surpass the 400-BTC mark. This development comes as part of the…
Bitcoin Holds Steady Among Equities, but Altcoins Shine Bright: Trends to Watch in Crypto Introduction The crypto market continues to evolve at a rapid pace, with Bitcoin holding its ground among equities, while altcoins are making waves with their outstanding performance. As we delve deeper into the world of digital currencies, it is essential to…
Bitcoin’s Downward Spiral: Over the past week, the cryptocurrency market has witnessed a significant slump, with Bitcoin leading the charge. Here are five crucial facts to help you make sense of this turbulent period: Fact 1: What Caused the Downturn? Although no single event triggered this bear market, some analysts attribute the downturn to a…
Merlin Chain: Bitcoin’s Latest and Most Ambitious Layer 2 Solution with Over $1.2 Billion Total Value Locked Introduction: Merlin Chain, a groundbreaking development in the Bitcoin ecosystem, is making waves with its ambitious Layer 2 solution. Total Value Locked (TVL) in this innovative project now surpasses an impressive figure of over $1.2 billion. Background: To…
Arthur Hayes’ Positive Outlook for Bitcoin: An In-Depth Analysis Arthur Hayes, the CEO of BitMEX, a leading cryptocurrency derivatives exchange, has recently expressed a bullish outlook for Bitcoin. In an interview with Bloomberg, he shared his optimistic views about the future of the world’s largest cryptocurrency. Hayes believes that the institutional adoption of Bitcoin is…
Fidelity’s Massive Bitcoin Movement: 4,000 BTC Shift Post-ETF Outflows Fidelity, one of the world’s largest financial services providers, has recently made a massive move in the bitcoin market. The institution reportedly transferred approximately 4,000 BTC from its digital asset custody service. This significant shift in the digital currency came shortly after the Bitcoin ETF (Exchange-Traded…
Bitcoin Surges Back: Reclaiming $60,000 – A New Opportunity for Crypto Investors? Background Bitcoin, the world-news/international-news/” target=”_blank” rel=”noopener”>world ’s first decentralized digital currency, took the financial world by storm in 2021 when it reached an all-time high of approximately $64,000 in mid-April. However, the cryptocurrency’s price saw a significant decline following this peak, dropping below…
CNBC’s Unprecedented Speculation: Donald Trump and Bitcoin as Reserve Currency In an unprecedented move, CNBC, the leading financial news network, recently raised stirring speculations about the potential of Donald Trump endorsing Bitcoin as a reserve currency . The idea, which seems to be gaining traction among some financial pundits, was sparked by the President’s recent…
Where Bitcoin is Headed This Week: A Comprehensive Outlook Bitcoin, the world’s first decentralized digital currency, has been making headlines lately with its volatility and dramatic price swings. As we enter a new trading week, investors and traders are eagerly watching the bitcoin market to gauge its trend and potential price movements . In this…
Bitcoin’s unprecedented surge past the $67,000 mark on November 13, 2021, has left many in the crypto community in a state of awe and excitement. This monumental price milestone comes as a result of several positive market developments, which have contributed to the increasing buying pressure. One of these factors is the dwindling selling pressure…
