On December 16, the price of bitcoin skyrocketed to hit its highest level ever as the broad crypto market rebounded in a sudden surge. The OG crypto effortlessly cruised past $20,000. Just hours later, bitcoin climbed above the $21K level. And its upsurge has continued. The crypto just set another Read more…
The price of bitcoin has surged to a new all-time high, rising above $20,000 for the first time. The sudden market jump appeared to cause some cryptocurrency exchanges to struggle, as traders sought to either cash out or make a quick profit. Reports of issues with Binance, the world’s most popular bitcoin exchange, coincided Read more…
Adult entertainment website Pornhub is accepting cryptocurrency as a default payment for premium content, informing users they are “unable to accept credit cards” at this moment. If one wants to enjoy more than just the free video content on Pornhub, a major part of which the website has already deleted, Read more…
As Bitcoin (BTC) continues to flirt around $19,000, investors are at a crucial junction to decide whether to buy or sell. Although the institutional developments suggest a buy, the inflow data at the exchange by the Bitcoin whales suggest otherwise. On-Chain Data From Santiment Shows Drop In Wallets Holdings Large Read more…
Bitcoin’s rally this year is different from its previous uptrends as experts investors have been involved in this one, said crypto investors Tyler and Cameron Winklevoss. “The type of investors in this bull run are very different,” Tyler Winklevoss, co-founder of crypto exchange Gemini, said. “They’re super sophisticated institutional investors like Read more…
In the United States, most people look at cryptocurrencies as an oddity, a potential investment, or an opportunity to speculate. But increasingly, cryptocurrencies are being used as they were always intended: as a system of exchange. This is on full display in Venezuela. The challenges Venezuela has undergone in recent years Read more…
Raoul Pal, a legendary investor, and CEO of Global Macro, has gone on record to list a number of reasons why Ethereum will overtake Bitcoin in terms of market capitalization sometime in the future. As it stands now, that’s a bold claim, since ETH’s market cap, standing at an impressive $62 billion, Read more…
Fidelity Digital Assets, the crypto-focused arm of investment giant Fidelity Investments, is expanding its service offering to customers. Per a Bloomberg report from earlier this week, the crypto investment subsidiary has partnered with top crypto lender BlockFi to disburse loans to institutional investors looking to pledge Bitcoin as collateral. Easy Loans for Bitcoin Read more…
A Massachusetts-based insurance firm has bought $100 million worth of bitcoin for its general insurance account, according to The Wall Street Journal. MassMutual, which is not publicly traded, oversees insurance accounts topping $235 billion. It made the purchase through New York-based NYDIG, which offers cryptocurrency custody and trading services. The insurance Read more…
Bitcoin prices have remained bullish over the weekend, holding above $19,000 as the world’s largest digital currency closes its largest-ever weekly candle. Bitcoin has been slowly gaining over the weekend, hitting a high of just above $19,400 a few hours ago during early trading in Asia on Monday. A slump in Read more…