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Bitcoin Hits $40K Again
Bitcoin Hits $40K Again, While ProFunds Launches BTC Mutual Fund

The crypto market is alive once more, as major cryptocurrencies are seeing signs of recovery. In fact, Bitcoin price has been around the $40,000 mark in three consecutive days. BTC/USDT 1-day chart (source: TradingView) As seen on the above chart, Bitcoin has been trading around the $40,000 mark since July 26, in which its highest price reached almost $40,500, which is a breath of fresh air to the crypto market. The presumed rally was met with strong resistance, causing Bitcoin price to retract to $35,000. The bulls made another attempt at $40,000 on July 27, although they failed to take

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Cardano Will Go Mainstream Along With Bitcoin and Ethereum
Cardano Will Go Mainstream Along With Bitcoin and Ethereum

Morningstar’s strategist shares her opinion on Cardano (ADA). She says the crypto could go mainstream much like Bitcoin and Ethereum. Cardano has much to offer and is a growing interest for institutional investors. Cardano (ADA) hodlers are a community that greatly believes in the potential and success behind the technology. It seems that mainstream investing companies agree with this. In fact, Morningstar’s strategist says that Cardano will become mainstream crypto much like Bitcoin (BTC) and Ether (ETH).  Amy Arnott — one of the advisory investing company’s strategist and portfolio manager, shares her view on Cardano during a discussion with Business

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FTX Exchange Limits High-Leverage Crypto Trading
FTX Exchange Limits High-Leverage Crypto Trading

FTX Exchange limits leveraged crypto margin trading by over 80x. FTX CEO and billionaire Sam Bankman-Fried shared the news on Twitter. Also, FTX is the latest in a growing number of exchanges to limit leverage trading. FTX Exchange is the latest big crypto exchange to limit risky high leverage trading. The decision means that investors will no longer be able to use huge debt amounts when trading on the exchange.  FTX’s billionaire CEO, Sam Bankman-Fried (SBF), shared the news on Twitter. In the tweet thread, SBF shared that FTX will limit margin trading to 20 times the invested capital. The

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Doge Disco Game
New Doge Disco Game to Give Away Dogecoin and Get People Dancing

A new NFT game called Doge Disco plans to give away $1 million worth of DOGE. The game uses augmented reality, inspired by Pokémon Go and Tamagotchi. Amid the frenzy among the blockchain NFT gaming space, a novel idea is brewing and will get people dancing.  The game is called Doge Disco, although the word order appears to have been mixed up in other mentions. It is a blockchain-based game centered on Dogecoin, and it aims to “unify and liberate humanity”, according to CEO Gary Lachance. The team intends to give away $1 million worth of DOGE, stored in Disco

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Bitcoin Boost to Over $40k as Amazon Grows Interest in BTC
Bitcoin Boost to Over $40k as Amazon Grows Interest in BTC

Bitcoin surge to over $40k Amazon plans to accept  BTC as a payment option All eyes on Bitcoin as it smashes one resistance level to another in reaching the skyrocket price of over $40K. Interestingly, Bitcoin managed to achieve a growth rate of over +14% in the past 24 hours. Truly, this amazing performance made by Bitcoin surprised the crypto community and investors worldwide.  This made Lark Davis, a Bitcoin investor and crypto analyst, react in a tweet post: As per Lark, Bitcoin finally frees itself from its bearish downtrend in the past 7 months. “#Bitcoin just broke out of

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Bitcoin Rises After Elon Musk Says
Bitcoin Rises After Elon Musk Says Tesla To Accept BTC Again

Elon Musk shared that Tesla might reinstate Bitcoin payments. The news caused the top crypto to rebound above $30,000. Also, Musk shared that he personally along with Tesla and SpaceX still hold BTC. Top cryptocurrency, Bitcoin (BTC), has surged since Elon Musk disclosed that Tesla is “most likely” to reconsider accepting BTC payments. Notably, BTC is up 0.3% since Musk shared this news.  Tesla CEO and billionaire Elon Musk shared this at the recent B Word cryptocurrency conference,  “Most likely the answer is that Tesla would resume accepting Bitcoin…I wanted a little bit more due diligence to confirm that the

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El Salvador Set to Launch a National Cryptocurrency Soon
El Salvador Set to Launch a National Cryptocurrency Soon

El Salvador is introducing its own national cryptocurrency.  This crypto will be a stablecoin that will go by the name of ‘Colón-Dollar’.  Eventually, the country aims to recognize all cryptos as legal tenders. El Salvador has come a long way since its initial announcement at the Miami Bitcoin 2021 conference. Its latest news surrounding cryptocurrency is the fact that the country plans to launch its very own stablecoin this year.  According to a local digital newspaper in the country — El Faro, El Salvador’s government aims to establish its own native cryptocurrency. This crypto will be a stablecoin that the

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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

1 min read
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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