Despite the continuous surge of Bitcoin’s price, Litecoin (LTC) is still leading the way when it comes to percentage increase in price for the week. Within seven days, litecoin has increased by nearly 45%, making it one of the best performing cryptocurrencies this week, above Bitcoin (BTC) and Ethereum (ETH). Meanwhile, LTC addresses have also Read more…
During the police brutality protests in Nigeria in October, bitcoin saved the day when the government shut out protesters from using local payment platforms for collecting donations to support it. The young, tech-savvy protesters quickly switched to using bitcoin, and in about a week bitcoin accounted for around 40% of the 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…
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…
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…