Bitcoin (BTC) has been at the 10 mark. February lost nearly 8%, the first major correction since Monday’s price hike. BTC price fluctuating from $48,000 Data from Cointelegraph Markets and TradingView tracked how BTC/USD fell from local highs of $47,360 to a brief touch of $43,750 during trading on Wednesday. The pair was on track to break the $50,000 mark after reaching new all-time highs earlier this week, thanks to the announcement that Tesla had converted $1.5 billion of its balance sheet into bitcoins. Corrections are already expected, a necessary part of bitcoin’s steady uptrend, which Cointelegraph market analyst filbfilb…
Author: Gordon James
Gordon James
Gordon James is a crypto journalist who loves to write about the latest news and trends in the blockchain world. He has been following the cryptocurrency space since early 2017, and is fascinated by the potential that blockchain technology has to change the world. In his free time, Gordon enjoys hiking and spending time with his dog, Tucker.
Financial and investment advisory giant The Motley Fool has announced that it will invest $5 million in bitcoin (BTC) and expects its value to reach $500,000. The company announced today via a blog and Twitter post that it will not buy overvalued ETFs, but will buy bitcoin directly. According to SimilarWeb, the company currently ranks fifth in the world in the investment category and records 87 million website visits per month. The Motley Fool lists three main reasons to buy: Bitcoin retains its value better than gold, is an effective protection against inflation, and has the potential to become a…
Lolli, the bitcoin rewards app, has announced that it has completed its preliminary A round after raising $5 million. Several investors participated in the round, including Seven Seven Six, a venture capital firm co-founded by Reddit executive chairman Alexis Ohanian, Serena Williams’ Serena Ventures, the management company of Night Media, and several social media influencers. The funds will be used to develop the Lolly mobile application, adapt it to a growing number of users and expand it internationally. Launched in 2018, Lolli has partnered with over 1,000 merchants, including Priceline and Macy’s, to offer customers the ability to earn BTC…
Taiwanese prosecutors have accused Bitmain Technologies of illegally poaching more than 100 Taiwanese engineers. According to a report by Nikkei Asia, New Taipei and Hsinchu, Taiwan’s semiconductor manufacturing center, have already launched an investigation into the Chinese cryptocurrency maker. Prosecutors from New Taipei allege that a manufacturer of bitcoin mining chips (BTC) set up shell companies that were used for illegal recruitment in an illegal poaching scheme, they added : We found that Bitmain is poaching Taiwanese R&D talent to accelerate the development of chips for artificial intelligence by illegally setting up companies in Taiwan. The newly formed companies have…
As the Indian government prepares to introduce the cryptocurrency bill, there are reports that it is considering blocking the IP addresses of cryptocurrency exchanges. Despite ban reports, many people in the Indian crypto community believe that the government will not impose an outright ban on cryptocurrencies, including bitcoin. Blocking IP Addresses of Crypto Trading Platforms The Indian government is reportedly “considering the blocking of internet protocol (IP) addresses of companies/exchanges on which trading in cryptocurrencies is happening,” Business Standard publication reported Monday, citing an unnamed “source in the know.” This measure, if implemented, will be part of the government’s efforts…
On the 12th. In March, publicly traded Microstrategy announced the purchase of another 262 bitcoins for $15 million in cash. CEO Michael Saylor announced the purchase Friday morning (ET) to his 623,000 Twitter followers. Microstrategy tells US regulators it has exchanged $15 million in cash for 262bitcoins. Seven days ago, on the 5th. In March, Bitcoin.com reported that Microstrategy had raised $10 million in cash to buy 205 bitcoins (BTC). On the 12th. In March, Microstrategy announced another bitcoin acquisition worth $15 million in a Form 8-K filed with the Securities and Exchange Commission (SEC). An SEC filing dated 12.…
In these days of hyper-partisan politics, any bill with sponsors from both sides of the aisle deserves attention. Now there is one that is particularly important in the cryptographic space. The eighth. In March 2021, Representative Warren Davidson introduced the Taxonomy Act of 2021 as a token. He was sponsored by Ted Budd, Darren Soto, Scott Perry and Josh Gotheimer. Token Taxonomy Legal Terms 2021 Among other things, the bill would exempt digital tokens from the definition of a security and eliminate inconsistent government regulations. Cryptoassets must meet certain requirements to qualify as digital tokens under the law: First, the…
Payment giant Paypal has launched Checkout With Crypto, a service that allows consumers to make payments to millions of cryptocurrency merchants in their Paypal wallets. This is the first time you can use cryptocurrencies in the same way as a credit or debit card in your Paypal wallet, the Paypal CEO said. Crypto payments via PayPal now available on Merchant Millions Paypal Holdings Inc. announced Tuesday the launch of a new service called Checkout with Crypto. Advertising details: Available in millions of online stores around the world and expanding further in the coming months, Paypal customers with crypto-currencies in the…
Retailers are rushing to buy bitcoins from major tech companies, according to a study by strategists at major US investment bank JPMorgan Chase. Data from JPMorgan shows that retail investors bought more than 187,000 bitcoins through PayPal and Square this quarter. Small investors are even outsiders: Analysts at JPMorgan estimate that 173,000 BTC were purchased in the same period. To support its findings, JP Morgan analyzed fund flows from retail platforms and institutional vehicles such as the Chicago Mercantile Exchange, as well as announcements of BTC purchases by large funds. Ed Moya, senior market analyst at Oanda Corp, attributed retail…
Romanian authorities conducted an operation that led to the arrest of a person for his alleged involvement in a theft of cryptocurrencies. The investigation revealed that the anonymous trading platform was based in the Cayman Islands. More than $620,000 stolen in cyber attack According to prosecutors at the Romanian Directorate for the Investigation of Organised Crime and Terrorism, the following events took place in Romania between 28 and 31 December In January 2021, a massive cyber-attack took place during a cryptographic exchange. Although there are no significant details about the company, authorities have ranked it as the 7th largest cryptocurrency…