Bitcoin

The price of Bitcoin (BTC) has risen for nearly two weeks now, starting on March 14th. Earlier today, the coin skyrocketed up to $47,112, which is a level that it did not see since the first five days of January. However, Bitcoin traders were quick...

Mexico’s billionaire and the third-richest man in the country, Ricardo Salinas Pliego, recently decided to visit El Salvador, following the country’s decision to recognize Bitcoin (BTC) as legal tender. Pliego, himself a major Bitcoin supporter, was interested in seeing how the crypto situation had progressed...

The project’s success will depend on investor excitement, but so far, institutions have remained largely skeptical. The country’s president hopes to raise $1 billion to buy more BTC and fund his Bitcoin City. Following El Salvador’s decision to adopt Bitcoin (BTC) as legal tender in...

The world of money is about to change, predicted Credit Suisse in its announcement concerning the New Monetary World Order. The Swiss bank believes that the current global tensions and COVID-19 pandemic have put too much of a strain on traditional finance. It now believes...

Steve Wozniak, the co-founder of Apple, recently spoke about the cryptocurrency industry. Despite the overall success of the broader cryptocurrency sector, Wozniak does not seem impressed. In fact, he criticized the crypto market for launching new coins nearly every day. However, when it comes to...

The ad resulted in over 20 million hits in less than a minute, which caused Coinbase’s website to crash. Coinbase, the largest cryptocurrency exchange in the UK, recently used an opportunity to advertise free Bitcoin during Super Bowl LVI. The exchange attracted 20 million users...

Hackers Crack Wallet to Find $175,000 Worth of BitcoinRhonda Kampert, a US citizen in Illinois, was an early investor in cryptocurrency. Back in 2013, Kampert bought six BTC at the rate of $80 each after hearing about Bitcoin and cryptocurrency during a radio talk show....

California superfood chain Everbowl recently published an announcement stating that it intends to move its business operations to a Bitcoin standard. The company will convert its cash reserves into BTC and start running its business off the back of crypto. Leading the ChargeAs part of...

The Bitcoin Lightning Network recently hit a major milestone after reaching a new all-time high. The layer 2 payment system for Bitcoin now has more than 3400 Bitcoin locked. Lightning Network Hits ATHThe adoption of Lightning Network has grown significantly over the past year. Lightning...

Microstrategy recently announced another major Bitcoin purchase as the crypto markets dipped. The company filed an official form with the US Securities and Exchange Commission (SEC), revealing that it purchased 660 BTC between December 30th, 2021, and January 31st, 2022. During this period, Bitcoin's price...

Moving AveragesAs I mentioned in previous articles, the best trading systems usually contain the fewest number of rules. Based on my four decades of trading and investing, I have discovered that complicated systems with complex mathematical formulas rarely produce long-term profitable results. Instead, the most...

Bitcoin Price Crash Affects Big Money HoldersBack in November 2021, the price of Bitcoin surged to an all-time high (ATH) of about $69,000. However, BTC (the biggest cryptocurrency by market capitalization) plunged later in January 2021 to around $33,000, the lowest level on record since...

El Salvador is no stranger to buying the dip when Bitcoin (BTC) drops. And they just did it again. Bitcoin was down approximately 12% late Friday night, January 21, 2022, bringing its value to about $36,500. This dip in value made it possible for El...

This is the current narrative around cryptocurrency as a whole. Most people don’t understand how it works, and so they choose to write it off. It’s a scam! A total pyramid scheme. I saw that one a lot recently on Twitter. In reality, it is...

Which reminds me… I had the same small toaster oven for years and years. When I got married, that trusty bread-warmer helped me welcome my cooking-challenged wife into the kitchen. She used it like a pro. But the death throes of that handy machine were...

Rio Looking to Invest 1% in BitcoinAccording to a recent report by a local newspaper O Globo, Paes made his intentions known while speaking at a lecture at the Rio Innovation Week which started on January 13 and ended on January 16, 2022. The Mayor...

Institutions Could Drive Bitcoin Price to $75,000 Speaking to CNBC during a cryptocurrency conference held in St. Moritz, Switzerland, on Wednesday (January 12, 2022), the SEBA CEO predicted that the price of bitcoin could reach $75,000 before the end of the year. A statement from...

This brings us to El Salvador’s “regrets’ over not switching to Bitcoin much earlier. In a Twitter exchange with Peter Schiff, Chairman of SchiffGold.com, El Salvador's president, Nayib Bukele, provided some data about his country's gold reserves. When the price of Bitcoin plummeted from 52K...

While many investors have made insane profits this year, many others have lost a lot. The market has often played according to analysis and predictions, but sometimes, it has proven analysts wrong and rubbished certain predictions about price action. Some analysts and experts this year...

Despite the massive and unprecedented gains, the general crypto market has also gone through three major price corrections this year and individual coins have experienced varying degrees of price crashes. But it is the end of the year that is causing so much concern among...

The above comparison is solidly based on the fact that while Bitcoin and Ethereum are similar in some ways, they also have unique features and contributions they make in the crypto space. In other words, there are some activities that Bitcoin can be used for...

“Missed the last moon? With our token, there's always another moon coming” – or something to that tune you may read on a flashy website promising you fortunes. Seriously, why not take a chance? As a matter of fact, many tried, most failed, only a...

Unfortunately, this was short lived, and the specter appears causing a dip in the cryptocurrency market. Causes for the DeclineThe fall I consider will be temporary and is mainly due to the fact that today a debate will be held in the US Congress on...

Earlier in the year, analysts had speculated that Bitcoin will touch $100K before the end of the year, but these hopes died down after nearly a third of the coin’s value was wiped away during the May bears. However, the current uptrend has reignited this...

Proposed tbDEX protocol Different from existing DEXesAccording to the whitepaper, the project known as tbDEX, is looking to create a decentralized financial system that is cheap, secure, and offers more inclusion for people globally, compared to the traditional financial system. The document also noted that...

The president of El Salvador, Nayib Bukele, is still pushing for the Bitcoin agenda in his country. Bukele is a major Bitcoin proponent, and a few months after signing into a law a bill that makes Bitcoin legal tender, he has announced more plans to...

However, during the coronavirus pandemic, the landscape changed drastically for Bitcoin, which went from being a nerd currency to becoming the most requested asset in the world. Not just by people, but by large institutions and even countries. Bitcoin became the best asset of the...

In El Salvador, the government intends to build Bitcoin mining facilities using volcanoes, which produce zero-emission, renewable energy. El Salvador and BitcoinIn early June, El Salvador’s President Nayib Bukele declared that he aims to send a bill to Congress to make Bitcoin legal tender. Only...

Perth Heat Adding BTC to Balance SheetThe baseball team made the announcement on Wednesday (November 17, 2021). According to Perth Heat it struck a partnership deal with OpenNode, a Bitcoin payment processor, to enable the club to send and receive BTC payments over the Lightning...

As a result, traders and investors have earnest effort and attention by investing extensively in the crypto space. Regardless of the vital landmark made by Bitcoin globally, some countries still do not condone any form of a cryptocurrency exchange for any reason. Why has Bitcoin...

By and large, it is not unreasonable to expect the entirety of the crypto market to follow the lead of its flagship cryptocurrency, Bitcoin. This is generally true when things start going downhill. However, it gets trickier when Bitcoin shoots through the roof. It is...

While the year 2021 has been nothing short of spectacular for the crypto industry, marked by several significant developments such as Tesla accepting Bitcoin for payments, El Salvador declaring BTC legal tender, and other leading institutions adding cryptocurrencies to their balance sheets, nothing can match...

Miami is becoming a major hub for crypto and blockchain because of the city’s mayor, Francis Suarez. Suarez has been pushing a strong crypto agenda in the city, and it now looks like Miami’s residents will benefit from this. In an interview with CoinDesk TV,...

How Bitcoin StartedBitcoin is the world's first cryptocurrency that was created in the aftermath of the 2008 financial crisis, which is deemed one of the most severe global recessions since the Great Depression. The crisis came as a result of the collapse of the U.S....

Receiving cryptocurrency donations has two major benefits. First and foremost, the donation reaches the organization faster because it is not routed through third-party banking institutions. Second, the decentralized blockchain system provides full transparency, allowing the public to see where donations are going. By accepting cryptocurrency...

The US is transitioning to a major crypto hub, with politicians now advocating for the payment of salaries in Bitcoin. The newly-elected mayor for New York City, Eric Adams, wants to integrate crypto into the education system. The mayor had initially stated that he would...

Bitcoin Cash, Bitcoin Gold, and Bitcoin SV have all one thing in common- they are all folks of Bitcoin. The major cause of the disagreement was Bitcoin's scalability issues. Bitcoin block sizes are limited to 1MB; hence the coin can only handle seven transactions per...

Bitcoin Cash (BCH), also known as BCash, was born based on this theory. However, unsatisfied with Bitcoin's development path, some developers, supporters, and miners decided to create their own version. Bitcoin Cash (BCH) ecosystem's adoption and growth have disappointed. Over the past 4 years, its...

Paytm, the pioneer of digital payments in India has announced plans to consider offering Bitcoin services if authorities in the country remove the regulatory uncertainty concerning the same. In India, cryptocurrencies have not been officially recognized or banned. Paytm to accept BitcoinIn an interview with...

This news comes as the relationship between cryptocurrencies and sports grows stronger.This year, cryptocurrencies, especially Bitcoin, have received overwhelming support from legendary sportsmen and women from Tom Brady, Naomi Osaka, and now Aaron Rodgers, a renowned NFL star.Recently, Rodgers tweeted a strong endorsement for the...

Miami’s mayor, Francis Suarez, has been one of the great Bitcoin advocates in the crypto arena. The mayor attained a landslide victory for his second term as Miami’s mayor. He has stated that he will be the only US politician to receive his salary in...

Bitcoin genesis block went live on Jan. 3, 2009, laying the foundation for the evolution of cryptocurrencies. 50BTC, the reward Satoshi received for mining Block 0, became the first amount of Bitcoin to officially exist. At the time of mining, the value of 1BTC was...

After dropping to lows of $40K in September, the Bitcoin has climbed to the highs of $61K. Currently, Bitcoin is only $3000 away from reclaiming its all-time high. While these market bulls create excitement, there is also fear that the bullish rally will not last,...

Walmart Stores Get 200 Bitcoin ATMsWalmart shoppers can now purchase bitcoin at any 200 Coinstar Bitcoin ATM kiosks in various stores in the U.S. The pilot program began earlier in October. According to Bloomberg, the initial installation is part of a broader plan to install...

So, when a cryptocurrency like Bitcoin crashes, it means that its price value has depreciated by a certain percentage. Since the year began, we have witnessed cryptocurrencies like BTC crash and come back stronger, rising to a reasonable height before crashing and rising again. On...

Two Bitcoin Futures ETF in One WeekAccording to Bloomberg on Wednesday (October 20, 2021), a spokesperson for Valkyrie revealed that the Valkyrie Bitcoin Strategy fund will start trading on Friday, October 22. Unlike the ProShares product, Valkyrie’s fund will trade on the Nasdaq exchange. In...

Over the past few years, the cryptocurrency space has grown to become a $2 trillion industry, with millions of retail and institutional investors entering the market over the past few years. However, the cryptocurrency market went through a bearish run earlier this year. In the...

Bitcoin mining refers to the process of validating and auditing transactions on the Bitcoin blockchain. Miners ensure that all transactions are valid, before adding them to a block. They also prevent users from double spending Bitcoin. To validate transactions, miners must compete to solve complex...

As the year-end approaches, too many forecasts make the headlines around the cryptocurrency market, and experts keep trying to figure out the next steps that the industry will walk on. Bitcoin (BTC) is looking to gather momentum to extend beyond the all-time highs after consolidating...

Grayscale's BTC Trust to be Converted into a BTC-settled ETFOn October 17, Silbert hinted at this possible plan to have the Grayscale Bitcoin Trust become a Bitcoin fund. The CEO was speaking in response to a tweet criticizing the cash-settled Bitcoin futures ETF that was...

It is surprising to see the number of influencers who are bullish over every other cryptocurrency. While Bitcoin will surpass $100,000 in valuation someday, every other so-called influencer deems that day to be tomorrow (figuratively)! Crypto investors are mostly young men and women finding their...

Putin mentioned two factors that could make cryptocurrency not a suitable alternative, namely energy consumed for mining, and the fact that it is not pegged to any asset. Crypto has Value, Says PutinWhile speaking to CNBC at the Russian Energy Week held in Moscow, Russia's...

Similar in some areas, these two networks also have their unique differences. In some cases, some investors choose to include the two cryptos in their portfolio along with some other assets. However, due to the unique differences between Bitcoin and Ethereum, there are crypto users...

Data showed that miners pocketed $3 billion in revenue at the peak of the April 2021 bull run; thus, debunking popular claims that Bitcoin mining rewards is on a downward spiral. This figure translates to about $100 million daily on an average, which is a...

Even though the naysayers continue to harp on how the digital asset industry is one big bubble waiting to collapse, there is no denying that crypto adoption has continued to thrive over the last couple of years, even in countries where one would least expect....

This financial model, created by Satoshi Nakamoto, was to protect the average person from harsh economic situations. For example, the Global financial crisis of 2008. Cryptocurrencies were created to be peer-to-peer, therefore, they became a threat to power. Its disruptive nature was because they invalidated...

The Bitcoin blockchain uses a consensus mechanism known as Proof of Work (PoW). Solving the Double Spend ProblemAlthough numerous other digital money protocols were created before Bitcoin (b-money, Hashcash, Ecash, Bit Gold), Bitcoin was the first to solve the double spend problem in a distributed...

Unfortunately, this era is behind us, and there is no more free Bitcoin distribution — if someone offers you that, 100% sure it's a scam. However, it is possible to collect Satoshis, small fractions of Bitcoin, without spending money. Bitcoin - The Early Era In...

Following the drop in Bitcoin price in May this year, crypto mining activities significantly reduced in Vietnam. However, this changed from the time Bitcoin began to progressively surge in value in August, reversing the entire scenario in Vietnam. There has been a notable increase in...

Whenever new miners join the network, the proof of work difficulty increases automatically. The difficulty represents the number of zeros that the code (hash) needs to have. The bigger the number of zeros at the beginning, the harder it is for miners to find the...

Bitcoin investors are happy with recent data, which reveals that out of the stipulated Bitcoin supply, a larger percentage have been mined already. Knowing that Bitcoin is in limited supply and will never be recreated is considered glad tidings for investors because, unlike printable currencies,...

On September 7, the prices of Bitcoin dropped to below $43,000. Major liquidations across the derivatives market caused the crash. On this day, over $3.54 billion was liquidated. On the same day when Bitcoin crashed, there was a strong bullish sentiment across the broader market...

Kraken Security Labs, a branch of the San Francisco-based cryptocurrency exchange giant, Kraken, recently identified critical security issues in a commonly used Bitcoin ATM. General Bytes Bitcoin ATM Model Open to Vulnerability ExploitIn a blog post on Wednesday (September 30, 2021), Kraken Security Labs discovered...

Twitter users now have a range of payment options to choose from, when sending and receiving tips through the social media platform, including sending bitcoin via the Lightning Network. Bitcoin for Tips on TwitterIn a blog post on Thursday (September 23, 2021), Twitter's product manager...

Cryptocurrency exchange giant Binance has been in the crosshairs of global financial regulators in recent times. Following mounting pressure from regulatory watchdogs in different countries, the company seems committed to boosting regulatory compliance. Binance revealed that it will halt crypto derivatives offerings for customers in...

Over the years, we have seen the perception of Bitcoin change from a scam to a hedge against inflation to becoming a country's legal tender. Yeah, you read that right. A legal tender! El Salvador Bitcoin Law On June 9, El Salvador became the first...

El Salvador President, Nayib Bukele, has added 150 Bitcoin to its previous purchases, amid a decline in prices both for BTC and the general cryptocurrency market. El Salvador Takes Advantage of Bitcoin Price Dip Bukele tweeted the news in the early hours of Monday (September...

Bitcoin prices have been on the upswing since the end of July to retest highs achieved at the beginning of the year. So, will the current bull run continue in the medium term, or is the market headed to a bearish season? To be able...

Boston-based multinational financial services giant Fidelity Investments met with the SEC to discuss the importance of approving its Bitcoin Exchange-Traded Fund (ETF). Bitcoin ETF Necessary Because of Growing Interest in Bitcoin According to Bloomberg, some executive members from Fidelity had a private video call with...

In a tweet, MicroStrategy’s founder and CEO, Michael Saylor, stated that the business analytics firm now holds 114,042 Bitcoins. The CEO also revealed that the firm’s entire Bitcoin holdings have been acquired at an average price of $27,713. This depicts that the BTC holdings are...

Despite the gains made by Bitcoin over the years, market analysts have been debating whether Bitcoin will survive the rapid advancements taking place in the crypto sector. Some believe that Bitcoin's dominance in the crypto market will hold, while some argue that if Bitcoin's blockchain...

The government of El Salvador has now stated that it will exempt investors from paying capital gain taxes and income tax accrued on Bitcoin investments. Encourage Investments through Bitcoin According to a statement issued by the legal adviser to President Nayib Bukele, Javier Argueta, the...

Bitcoin is staging a comeback that has taken it up more than 60% from the lows it hit in June, reviving the spirits for six-figure price targets that often emerge when the cryptocurrency benchmark is rallying. The Crypto Upturn The upturn came at a time...

So, what exactly is a 51% attack, how is it performed, and what effect does it have on cryptocurrencies? Proof-of-Work in a Nutshell Suppose you and I have struck a deal, and now I need to pay you in crypto. The transaction needs to be...

When Bitcoin (BTC) reached its all-time high of $65,000 in April, it felt like the $100,000 mark was the next stop for cryptocurrency. However, the following months changed the market trend, and the entire cryptocurrency market took a steep dive. The price of Bitcoin dropped...

The last Bitcoin halving happened last year, in 2020, a phenomenal year when the popular crypto started to climb to new highs as more and more people started showing interest in crypto for several reasons. For a better understanding of this review, it would be...

Bitcoin has been in use for over a decade, having been created in 2008 with the goal of eliminating middlemen. So, over ten years on, what does the future of Bitcoin hold? There is no such thing as a fortune teller. Many of the brightest...

Bitcoin is a decentralized digital currency and a Peer-to-Peer Electronic Cash System, without a central bank or single administrator. To guarantee the security of this system in a decentralized way, transactions are verified by nodes distributed around the world that run the history of all...

When engaged in an isolated endeavor like cryptocurrency trading, it’s easy to fall into logically flawed presumptions or otherwise problematic errors. The original fallacy can compound exponentially without social feedback to challenge or correct erroneous thinking. Before you know it, you’re making terrible judgment calls...

The Bank of America, the second-largest bank in the United States, has reportedly given the green light for some of its clients to trade cash-settled Bitcoin (BTC) futures. While there hasn’t been an official announcement from the bank itself, two anonymous sources have come forward...

The Mid-May Crash Bitcoin and the entire crypto market have been on a wide rally since the last quarter of 2020. The total market cap of cryptocurrencies reached a peak of $2.4 trillion in April, which backed several bullish calls that the largest crypto could...

Elon Musk and Jack Dorsey Earlier this year, Musk agreed with mining advocates like Jack Dorsey, who believe in mining pushing forward the use of green energy. However, as Bitcoin miners started to consume more power than an average country, the Tesla CEO found more...

So, where's the truth? How much harm does mining actually do? Let's have a look at the arguments of the mining advocates. Myth One - Bitcoin Mining is Fueled by Coal First, as Coinbase noted, there was a fundamental mistake in the research: the scientists...

Meanwhile, Ether, Bitcoin's smaller sibling, rallied to a peak of $4,300 this year but has since parried over half of its accumulated gains. That crash has led to concerns over where the top altcoin is headed next. In this comprehensive guide, we examine what top...

ARK Invest, a well-known investment company headquartered in New York, recently bought as many as 225,937 shares of Square Inc. The company made its move last Friday, July 16th, through the ARK Next Generation Internet ETF (ARKW) and ARK Innovation ETF (ARKK). These are two...

“Our blockchain task force is looking into how the @CityofJacksonTN can accept property tax payments in Bitcoin and allow our employees to DCA in Bitcoin” - @MayorConger via Twitter Troubled Times for the US Dollar The growing inflation and devaluation of the United States Dollar...

Cryptocurrency wallets provide both online and offline storage for your crypto key and are available in the form of hot or cold wallets. Cold wallets offer offline storage through external devices, while hot wallets are for online storage. There are several options on the internet...

Leading global payments firm, Visa, is diving deeper into the crypto sector through strategic collaborations. To achieve this growth, the firm has approved CryptoSpend, a startup firm that two students developed at the University of Technology. The new card will be used as a debit...

The Covid-19 pandemic has had many effects on the world economy. In weak economies, the effect was even more devastating and encouraged people to turn to alternatives. In this context, cryptocurrencies were seen as a form of protection against the inflation that plagued countries. In...

The previous all-time high for this metric was reached in January this year when the number of reachable Bitcoin nodes reached 11,613. Out of these nodes, 98.77% are running on the Bitcoin Core software, while the remaining percentage belongs to other protocols such as Bitcoin...

During the 12-year history of Bitcoin development, different players and niches were responsible for driving the price and adoption of cryptocurrency, accumulating a large part of the Bitcoin available supply. In the beginning, cypherpunks were responsible for buying and developing the cryptocurrency, through classic forums...

Until just recently the Bitcoin price poked its head above the psychologically significant $30,000 level. At the time of writing (July 21), BTC is trading hands at approximately $31,500. While that might be a relief to those who are long-term stakeholders in the original cryptocurrency,...

The reason for this lies in the self-proclaimed USP of cryptocurrencies - Banks Are EvilYou've been Shafted for too longCryptocurrencies have no Centralized Authority to Shaft you. What does the layman takeaway from this? He'll be shafted by anonymous folks over the Internet. Does that...