Bitcoin News

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

1 min read
El Salvador BTC legal tender is optional
El Salvador BTC legal tender is optional, locals get $30 BTC

Bitcoin as legal tender in El Salvador is optional Businesses in El Salvador can accept Bitcoin but not receive them El Salvador gives $30 Bitcoin to its citizens El Salvador president Nayib Bukele stated on the last national chain that Bitcoin as a legal tender is optional. Specifically, Bukele pointed out that businesses in their country can decide if they will accept Bitcoin or not. This statement by the president of El Salvador contradicts the current law of Bitcoin as a legal tender in the country. Bukele further explained: “ Using Bitcoin as legal tender “will be optional” and businesses

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Crypto Mining Ban Tightens in Iran
Crypto Mining Ban Tightens in Iran as BTC Price Suffers

Iran continues the cracking down of crypto mining facilities The Iranian authorities have seized a total of 7000 mining computers The hunt for crypto mining farms continues. Aside from China, other countries like Iran are also cracking down crypto mining facilities. As a result, the Iranian police have seized 7000 mining computers in the west capital of the country. This movement has been made to prevent the power shortage in Iran in the peak summer months. Furthermore, the ban will last until September 22. However, this movement by the authorities gathered mixed opinions in the country. There are people who

2 mins read
What Next for Chinese Bitcoin Miners
After Government Crackdown, What Next for Chinese Bitcoin Miners?

Chinese Bitcoin miners are either shutting down or relocating amid government crackdown. Those that did not exit the market are selling bitcoins to move to crypto mining-friendly places like Texas and Kazakhstan. Publicly-traded Chinese Bitcoin mining firm BIT Mining has shipped 320 machines to Kazakhstan to restart its operations. The Chinese government has ordered the closing of Bitcoin mining activities within the country. This has affected the Bitcoin community at large, especially because more than half of the network’s hashing power comes from Chinese miners. Now that these Chinese miners cannot mine bitcoins in the country any longer, what will

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BTC Price Plunges as China Slays Crypto Mining
BTC Price Plunges as China Slays Crypto Mining and Trading

Bitcoin price drops as China continues its crypto ban campaign MicroStrategy bought an additional 13,005 BTC Bitcoin price plunges drastically as China continues its campaign against cryptocurrencies. This movement of China has been made to control the financial risk in the country. Furthermore, the People’s Bank of China (PBOC) has reached out to some payment firms to strengthen their regulations against crypto trading. The China Construction Bank and Alipay are some of the major payment firms that the PBOC has invited. This initiative made by the PBOC aims to stop criminals from abusing cryptocurrencies in their transactions. PBOC explained further:

1 min read
BTC Dives Below $36k as China Cracks Down BTC Miners
BTC Dives Below $36k as China Cracks Down BTC Miners

Bitcoin fails to maintain its position above the uptrend position of $40k. China continues the cracking down of Bitcoin mining farms. Bitcoin fails to maintain its position above the uptrend position of $40k. As a result, the price of the crypto falls below $35k with a 7-day decline rate of -2.1%. This price decline of crypto is due to some issues that BTC is facing right now. The continued cracking down of Bitcoin mining farms is one reason to consider. Specifically, the shutting down of Bitcoin mining farms is a very hot topic in China. This movement comes after the

2 mins read
El Salvador Fails World Bank Support Over
El Salvador Fails World Bank Support Over BTC Implementation

El Salvador failed to gain the support of the World Bank in its Bitcoin implementation. Athena Bitcoin offered El Salvador over a thousand Bitcoin ATMs installation in the country. The country of El Salvador has failed to gain the support of the World Bank in its Bitcoin implementation. This is due to the environmental and transparency issues that the cryptocurrency is facing. As a result, this decision made by the World bank gathered different opinions across the financial world. World Bank explained: “While the government did approach us for assistance on bitcoin, this is not something the World Bank can

1 min read
BTC and MATIC Join the Trend
Crypto Market Rocket High, BTC and MATIC Join the Trend

Crypto boosted its market position together with Bitcoin MATIC price surge to almost +20.5% in the past 7 days The crypto market continues to raise its market position along with the rise of Bitcoin in the past few days. Interestingly, the total crypto market capitalization of the whole crypto market increased to almost +3% in the past 24-hours. Best of all, Bitcoin was able to boost its market price to almost +20.5% in the past 7-days despite the bearish market. Truly, this is an event that has been celebrated by the crypto community all over the world. Aside from Bitcoin,

1 min read
Bitcoin Smashes $40k, Leaving Bears Behind

Bitcoin successfully reached the bullish price of $40k. This made Bitcoin break free from its resistance level of $40k Bitcoin had just successfully reached the bullish price of $40k. Specifically, Bitcoin was able to break free from its $40k resistance level. Furthermore, this made the crypto effectively record a growth rate of over +10.5% in the past 24-hour. Indeed, this was a glorious moment that has been celebrated by the Bitcoin community in the crypto world. This made Bitcoin analyst Bitcoin Archive react in a tweet post: However, this achievement made by Bitcoin gathered many opinions across the crypto world.

1 min read