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…
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…
Last week was one of the most exciting weeks in 2020 for the crypto community, with an abundance of bullish news for Bitcoin and the achievement of a huge milestone for the Ethereum Foundation. Bitcoin’s new all-time high is $19,911, and this price was reached at 11:00 UTC on December 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…
At the Kapıkule border crossing between Bulgaria and Turkey, bitcoin is not accepted as a form of payment for the mandatory visa application fee. The Taihuttus, however, were not deterred. The Dutch family of five parked their bitcoin-branded VW California T6 camper van on the shoulder of the D.100 state Read more…
Warren Buffett may soon buy Bitcoin. That would be a surprise for many, but if you look at his track record, you can connect the dots. The investing guru avoided certain types of investment for decades. He even told interviewers that these investments were for losers. Then, to the surprise Read more…
Bitcoin was trading at $17,011.2 by 03:30 (08:30 GMT) on the Investing.com Index on Thursday, down 11.56% on the day. It was the largest one-day percentage loss since March 12. The move downwards pushed Bitcoin’s market cap down to $322.1B, or 62.65% of the total cryptocurrency market cap. At its highest, Read more…
The Bitcoin price rate has plummeted from $19,450 to $17,200 within a few hours and can currently stabilize at $17,950. Analysts say that the long-term on-chain indicators remain bullish and BTC can again test $20,000. The Bitcoin price reached a new year high of $19,450 and was close to its former all-time Read more…
Most of you reading this have only ever known Bitcoin by its current logo: that white, double-striped “B” superimposed on an orange circle. Orange coin has become an internationally-recognizable symbol, but Bitcoin didn’t come with this branding out of the box. As with almost every aspect of Bitcoin, Satoshi Nakamoto created a rudimentary Read more…