Bitcoin surges on expectations of the SEC approving two ETFs
Bitcoin (BTC) has been on a bullish streak as the deadline for the US Securities Exchange Commission (SEC) to rule on two applications for exchange-traded funds (ETFs) tied to BTC futures inches closer. With rumors that the regulator might approve both applications doing rounds online, the largest cryptocurrency by market capitalization has gained 2.82% in […]
Unknown user pays a 123 ETH commission and other key events in the crypto space
The crypto market has been eventful this week with a new rally sending Bitcoin (BTC) past $59,000. At the time of writing, the flagship cryptocurrency is trading at $59,039.32 after a 2.36% change in 24 hours. The altcoin market has also followed suit, with Ethereum (ETH), the second-largest cryptocurrency by capitalization, gaining 3.29% over the […]
What is Bitcoin BEP2 (BTCB)?
Bitcoin BEP2 is a cryptocurrency pegged to the Bitcoin network that was issued on the Binance crypto exchange platform. In the world of cryptocurrencies, pegged coins have an advantage over other relatively new cryptocurrencies in that they have total backing. The Bitcoin BEP2 platform has complete backing of its reserve on the Bitcoin network. Due […]
US topples China to become the leading destination for BTC miners
The US has become the leading contributor of Bitcoin’s (BTC) global hashrate, surpassing China for the first time. A report disclosed this news on October 13, citing new data from the Cambridge Centre for Alternative Finance, which scouted BTC electricity consumption across the globe. The university released its findings through the Cambridge Bitcoin Electricity Consumption […]
Jamie Dimon says BTC is worthless; JPMorgan clients believe otherwise
JPMorgan’s CEO, Jamie Dimon, has come out to bash Bitcoin (BTC) and the crypto industry as a whole again. Dimon shared his opinions during the Institute of International Finance (IIF) annual meeting, a seven-day event that brings together leaders in the financial services industry. In his speech, Dimon said BTC is worthless. However, he pointed […]
Pro-crypto Senator Cynthia Lummis discloses a BTC purchase of up to $100K
Senator Cynthia Lummis, Wyoming’s crypto-friendly representative, has disclosed that she bought as much as $100,000 worth of Bitcoin (BTC) on August 16. She revealed this news by filing a periodic transaction on October 7. Per the filing, Lummis purchased BTC worth between $50,000 and $100,000. At the time of the purchase, BTC was trading between […]
The Future: Digital Assets Extend Outside of Bitcoin
Blockchain technology has successfully disrupted the financial sector. Its scope has brought the creation of digital assets such as Bitcoin (BTC), Ethereum (ETH), and other digital assets. However, we are now at a crossroads of where the future lies. We are in an era where the influence of blockchain is hardly seen outside the traditional […]
What is Bitcoin (BTC)?
Bitcoin is a global digital cryptocurrency created in 2008. It is the first decentralized digital currency and has attracted many people to its use as a form of payment due to how it can be transferred without any intermediaries. Created by a person or a group of people whose identity is unknown and who goes […]
Bitcoin Became a National Currency: El Salvador Becomes the First Country to Announce
On September 7th, 2021, El Salvador passed the Bitcoin Law and became the first country to announce Bitcoin as a legal tender. This significant announcement shook the financial world while there were celebrations in the crypto space. El Salvador’s president tweeted earlier that day that, “3 minutos para hacer historia — In 3 minutes, we […]
Cryptocurrency Is the Next Internet: Mike Novogratz Claimed After Bitcoin Dropped on Tuesday
In a recent interview with Bloomberg on Tuesday, Mike Novogratz—CEO of Galaxy Digital—mentioned that Bitcoin’s price drop happened due to the excitement created by the false hype happening in the crypto space. He noted that about 4 billion dollars liquidation happened that same Tuesday. What Caused the Dip? Mark responded to this question while claiming […]
Why Crypto Paycheck May Pose Some Challenges and Cause Tax Hiccups
The recent bullish run of Bitcoin exploded the crypto market and spurred more individual interest in cryptocurrency. Its recent $60,000 price hike helped establish its potency. As a result, businesses are interested in accepting it as payment. This extends to the labor market wherein employees now demand that their payroll be processed as cryptocurrency paycheck. […]
MicroStrategy purchases 3,907 Bitcoin after selling 230K MSTR
MicroStrategy, a business software company, has purchased an additional 3,907 Bitcoin (BTC). The firm unveiled this news through a filing with the US Securities Exchange Commission (SEC) yesterday. Through this purchase, the company’s holdings of the leading cryptocurrency have increased to 108,992 BTC. According to the filing, the company spent $177 million on BTC between […]
