Bitcoin News

Michael Saylor Responds to Mike Tyson
Michael Saylor Responds to Mike Tyson, Chooses Bitcoin Over Ethereum

Michael Saylor responded to Mike Tyson’s survey, saying he has chosen Bitcoin over Ethereum. Saylor claimed he spent over 1,000 hours studying Bitcoin’s case. The crypto market remains in bearish territory, with most assets in the red. MicroStrategy CEO Michael Saylor recently commented on a question posed by boxing veteran Mike Tyson on Twitter. Tyson asked the space if they preferred Bitcoin or Ethereum, to which Saylor replied Bitcoin. According to the tweet, Saylor spent more than a thousand hours considering the question. Instead of elaborating further, he pointed Tyson to hope.com for further Bitcoin education. Saylor is a well-known

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Bitfarms Boosts BTC Output
Bitfarms Boosts BTC Output Amid Easier Mining Conditions

Bitfarms has improved its BTC mining output amid the easier mining conditions. Bitforms deposited 1,445 BTC produced this year into custody. Also, the mining firm utilizes green electricity to power its mining operations. Listed crypto mining company, Bitfarms Ltd has ramped up its mining operations. The company is taking advantage of recent crypto mining bans in China to expand its market dominance.  The mining operation reportedly mined 1,357 BTC over the first half of 2021. In addition, Bitfarms deposited 1,445 BTC into custody. Notably, the BTC deposit is over 95% of the company’s BTC production so far this year.  Also,

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Twitter Users Debate Grayscale’s Upcoming GBTC Unlock

The Twitter crypto sphere is abuzz again about the upcoming GBTC unlock.  A Twitter user claims that the unlock will fail because Grayscale cannot sell BTC. Another user clears the air and says there is no such issue. The crypto Twitter community went abuzz this morning as a Twitter user declares the upcoming Grayscale GBTC unlock FUD dead. Specifically, the user says that Grayscale does not have the authority to sell any BTC.  The user — LilMoonLambo, makes this statement on their Twitter page. LilMoonLambo is a Bitcoin and crypto investor, trader, and NFT creator. Accompanying the statement was a

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Bitcoin Lightning Network
Bitcoin Lightning Network Grows 70% as Strip Club Accepts BTC Payment

Despite a drowsy summer for the crypto community, the Bitcoin Lightning Network has grown significantly as various platforms are starting to use the technology. According to a report by Arcane Research, the network has grown by up to 70% in less than 6 months, and is currently at 1,806 BTC. This surge may be due to various platforms and companies that are starting to embrace the network for payments. Recently, a Las Vegas strip club named Crazy Horse 3 revealed that it has started accepting Bitcoin payments through the said network. This will occur through OpenNode, a Bitcoin payment processing

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Bitcoin GBTC Unlocked
Bitcoin GBTC Unlocked, Analyst Weighs In on What This Means

Grayscale Bitcoin Trust is unlocking its Bitcoin trust on July 18. For the first time in over 6 months investors will be able to sell their GBTC shares. Also, several other analysts including JPMorgan have weighed in on the likely effect of the event. Popular crypto analyst EllioTrades Crypto weighed in on the ongoing debate about Grayscale’s GBTC share unlock. The event will occur on July 18, however, analysts are yet unsure whether this is bullish or bearish. Ellio started by explaining that Grayscale trust is an exchange-listed asset. As such, Grayscale lists stocks equivalent in number to the underlying

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Musk and Dorsey Meeting
Bull Run Incoming? India Crypto Bill, Musk and Dorsey Meeting

Despite the recent dump (again), the crypto space is looking to make a possible bullish recovery. A number of events are about to take place this July which may excite some uptrend movement. One event to look forward to is Tesla CEO Elon Musk and Twitter CEO Jack Dorsey’s Bitcoin upcoming conversation. As many in the crypto space know, these two personalities are big names in the industry. Elon is known to move markets by a mere tweet, and in the last couple of months, his tweets concerning Bitcoin’s energy usage has sent the BTC price down. The discourse will

1 min read
Rumors Say Apple Has Bought Bitcoin
Multiple Rumors Say Apple Has Bought Billions in Bitcoin

Rumors are flying on Twitter pointing out the possibility of Apple investing in Bitcoin.  The rumors range from $2 billion to $2.5 billion of Bitcoin investments from Apple.  To support the rumor, Apple is looking for a candidate with crypto experience. The cryptoverse is alight with conflicting rumors about Apple having bought billions in Bitcoin (BTC). Specifically, the rumors range between Apple investing $2 billion and $2.5 billion.  For instance, GalaxyTrading tweets about the rumor saying Apple has bought more than $2 billion in Bitcoin. The tweet got a mix of responses. Some replies were enthusiastic and encouraged Apple to

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Grayscale's January Bitcoin Fund
Grayscale’s January Bitcoin Fund Will Unlock Soon

Grayscale’s BTC fund from January will unlock this month.  The GBTC stocks will be worth 41852.26 BTC.  We will see if the funds are reinvested or cashed out. Grayscale’s January BTC fund is ready for its much-awaited unlock this month. In particular, the GBTC stocks should be worth 41852.26 BTC. This will mark the biggest single-day unlocking event.  Specifically, that day will occur on July 18, 2021. In detail, its value will stand at 16,240 BTC stocks. Recently, the price of Bitcoin fell hard, this could lead to a possible drop in reinvestments once the Grayscale BTC funds are unlocked. 

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Capital International Buys 12% Shares in MicroStrategy
Capital International Buys 12% Shares in MicroStrategy

Capital International Investors recently bought 953,242 MicroStrategy shares, which is 12.2% of the total. MicroStrategy price rose to as high as $635.50. Bitcoin price also increased and is trading above the EMA. Multinational investment firm Capital International recently purchased 953,242 shares of MicroStrategy. According to a filing with the US Securities and Exchange Commission (SEC), the said amount is about 12% of the total available shares. After word got out, MicroStrategy’s stock saw a rise. At the time of writing, each $MSTR price is worth $628.66, according to Nasdaq. Earlier during the day, the price went up to $635.50.  Relatively,

1 min read
Cardano Beats Bitcoin
Cardano Beats Bitcoin as Most-Held Crypto on eToro

Cardano (ADA) has beaten Bitcoin (BTC) as the most-held coin on eToro.  This could be due to its ongoing Alonzo update.  The platform also notices a spike in altcoin investments over the past two quarters. The eToro platform is witness to Bitcoin (BTC) being beaten out by Cardano (ADA) on its platform. Specifically, as of the second quarter of 2021, crypto holders on eToro are presently holding more Cardano than Bitcoin. This is indeed an exciting development. Bitcoin, the poster child of cryptocurrency, has long since been one of the most popular cryptos, along with Ethereum (ETH). In fact, Bitcoin

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BTC Is a Bubble, UBS Group Says
Cryptocurrencies Especially BTC Is a Bubble, UBS Group Says

UBS Group says that Bitcoin is a bubble The BTC mining ban in China affects the crypto world badly The UBS Group, a Swiss financial giant, has warned its investors about the unstable market of cryptocurrencies. Furthermore, the UBS Group says that Bitcoin is like a bubble that could pop up anytime. This advice made by the financial firm is due to wild market swings that the crypto world has performed lately.  The UBS firm explained: “We’ve long warned that shifting investor sentiment or regulatory crackdowns could pop bubble-like crypto markets.” UBS added that the attack made by the Chinese

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Mexican Banco Azteca May Start Accepting Bitcoin
Mexican Banco Azteca May Start Accepting Bitcoin Soon

Multibillionaire Ricardo Salinas Pliego revealed that his banking business Banco Azteca may start accepting Bitcoin soon. If this happens, Banco Azteca could become the first bank in Mexico to do so. Salinas is the third richest man in Mexico and 166th in the world, according to Forbes. Ricardo Salinas Pliego, the third richest man in Mexico and 166th in the world, announced that his Banco Azteca may begin accepting Bitcoin. If this happens, Salinas’ banking business would become the first bank in the country to accept crypto. Salinas wrote the reply after the release of a video of him discussing

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