Bitcoin

MicroStrategy CEO: Not Selling BTC, Rumors Untrue
Bitcoin Fails MicroStrategy, Over 1 Billion USD In Loss

MicroStrategy is at an unrealized loss of over $1 billion. This loss is due to the rapid continuous fall of the price of Bitcoin. The CEO, Michael Saylor says he will continue to hold Bitcoin as he has faith in the asset. It is no secret that MicroStrategy’s CEO — Michael Saylor, is a huge fan of Bitcoin, its philosophy, and everything it stands for. Over the last year, the CEO has spent millions investing in Bitcoin (BTC).  Presently, with the price of Bitcoin falling at an exponential rate, many investors are panic selling. In contrast, others continue to hold

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Bitcoin Drops $33K, Predictions to Hit $10K This Year
Whale Moves 1,000 BTC as Bitcoin Price Continues to Fall

The price of Bitcoin is now $25,43.91.  Some are hoping for a bigger dump so they can buy Bitcoin at a lower price.  Others are expecting buyers to start buying so the price will recover quickly. Bitcoin (BTC) seems to have had a haggard weekend as the price of Bitcoin (BTC) dwindled further. Presently, Bitcoin (BTC) price is $25,443.91, according to CoinGecko. During this time, a whale has moved 1,000 BTC ($25,619,347) from an unknown wallet to Bitbank. It looks like many are panic selling and this whale could be the next one to do so. Responses to the tweet

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Jay-Z-and-Jack-Dorsey-Launch-Bitcoin-Academy
Jay-Z and Jack Dorsey Launch Bitcoin Academy

The Bitcoin Academy will be initially open to residents of Marcy Houses in Brooklyn. The classes include education in cryptocurrency and financial literacy. The program also offers a crypto kids camp Block CEO Jack Dorsey and rapper Jay-Z joined forces on Thursday to launch Bitcoin Academy, a program that teaches about cryptocurrency and financial literacy. Shawn Corey Carter, popularly known as Jay-Z, is a billionaire rapper and entrepreneur who grew up in the Marcy Houses of Brooklyn district.  The official Twitter account of Shawn Carter Foundation, a foundation co-founded by Jay-Z, confirmed via tweet the funding of the education program

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-Jack-Dorsey-To-Skip-Web4,-To-Build-Web5-on-Bitcoin
Jack Dorsey To Skip Web4, To Build Web5 on Bitcoin

Jack Dorsey will be launching Web5, according to the TBD company. Shibetoshi Nakamoto noticed alongside the Twitter community that Web4 has been skipped. Web5 will have Decentralized Identifiers, Verifiable Credentials, and Decentralized Web Nodes as pillars. Former Twitter CEO and staunch Bitcoin supporter Jack Dorsey will be launching a decentralized Internet platform called Web5. As announced on Dorsey’s platform TBD, this Web5 platform will be “extra decentralized.” This move officially means that Dorsey will not subscribe to the Web3 vision. Dogecoin creator Shibetoshi Nakamoto commented: Aside from the Dogecoin godfather, others chided, with some saying that they are already in

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Bitcoin-Miners-in-Tug-of-War,-HODL-vs-Sell-Bitcoin-(BTC)
Bitcoin Miners in Tug-of-War, HODL vs Sell Bitcoin (BTC)

Miner Hut 8 is holding over $222,000,000 worth of Bitcoin (BTC). Charts show that a significant amount of Bitcoin miners are selling their BTC.   Many are expecting the price of Bitcoin to shoot soon based on past price patterns. Miner Hut 8 holds 7,078 BTC, according to one of Bitcoin magazine’s latest tweets. In detail, this amount of BTC comes up to over $222,000,000 in worth. More so, the tweet claims that Miner Hut is keeping 100% of the Bitcoin (BTC) that it mines. This is grand news for Bitcoin holders and crypto enthusiasts everywhere. To highlight, the crypto community

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Kenya’s Electricity Giant To Support Bitcoin Mining
Kenya’s Electricity Giant To Support Bitcoin Mining

Kenya’s electricity production firm KenGen will sell excess power to bitcoin mining activities. The decision came after crypto miners reached out to the company. These miners are from the US and Europe. Kenya’s electricity production company KenGen has announced its intention to sell surplus geothermal power to bitcoin mining firms. According to an article by Quartz, the decision came after KenGen received numerous purchasing requests from bitcoin miners. The company did not specify which bitcoin mining firms, although some suggest that the crypto mining firms are based in the US and Europe. KenGen will be encouraging bitcoin miners to set

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Rising Economic Strain Leads to Higher Faith in Bitcoin
Bitcoin Community Rejoices, BTC Market Cap Is Above $600 Trillion

Bitcoin’s market capitalization is back of $600,000,000,000. The Bitcoin community is happy to see this steady recovery.  They now hope the price of Bitcoin (BTC) will recover steadily as well. Bitcoin Magazine has been duly updating Bitcoin’s journey so far. Its most recent record states that Bitcoin (BTC) is back at a market cap of over $600,000,000,000. This is indeed very exciting news for the crypto community.  It seems that the crypto market is gradually leaning towards the road to recovery. Presently, the price of Bitcoin (BTC) is $31,642, up by 3.2% over the last 24-hours. This week, Bitcoin is

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Bitcoin-(BTC)-Candles-Moves-From-Red-to-Green-After-9-Weeks
Bitcoin Will Reach $250,000 Says Venture Capital Investor

American venture capital investor, Tim Draper says Bitcoin price will reach $250,000. He says this price will likely come to fruition around the end of 2022 or start of 2023.  Draper says a massive bull run will come as more people adopt BTC, especially women. American venture capital investor — Tim Draper predicts that Bitcoin (BTC) will reach $250,000 by the end of 2022 or by early 2023. This is according to a tweet from Watcher.Guru. In detail, Draper believes that as store owners continue to accept BTC as payment, more and more people will begin to adopt crypto. In

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Bitcoin-(BTC)-Candles-Moves-From-Red-to-Green-After-9-Weeks
Bitcoin (BTC) Candles Moves From Red to Green After 9 Weeks

Bitcoin (BTC) chart moves to show a green candle.  This green candle came after 9 consecutive red candles.  Many are expecting the price of Bitcoin to reach $35,000 soon. Popular Twitter page — Bitcoin Magazine, highlights an interesting observation within the price charts of Bitcoin (BTC). Over the last weeks, the candles on the chart have been blindingly red. As we can see from the tweet above, Bitcoin (BTC) has had a rocky 9 weeks. Also highlighted in the tweet is the fact that the current signal for Bitcoin (BTC) and its price seems to be moving in a good

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Saylor Still Bullish on BTC
Saylor Still Bullish on BTC Amid Crypto, Stocks Crash

MicroStrategy’s CEO Michael Saylor said Bitcoin is the most certain thing in a very uncertain world. Saylor explained if people can stomach the volatility of Bitcoin, they could have a safe haven during the market crash. The CEO revealed that he’s buying Bitcoin if he got spare cash. Michael Saylor, co-founder and CEO of MicroStrategy, enlightened the viewers on what he felt about Bitcoin during the market crash at Tucker Carlson Tonight show. While other investors are alarmed as crypto and stocks plunged, Saylor pointed out in a tweet that “Bitcoin is the most certain thing in a very uncertain

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Stripe-To-Enable-Bitcoin-Payments-for-Merchants
Stripe To Enable Bitcoin Payments for Merchants

Stripe has partnered with OpenNode, a Bitcoin payment solutions provider. The partnership will enable Stripe merchants to convert payments received into bitcoins. Stripe marketplace will go live in a couple of weeks, although developers can start creating their own apps.  Global payments platform Stripe has revealed its partnership with OpenNode, a Bitcoin payment solutions provider. As a result of the collaboration, Stripe will enable its merchants to convert payments they receive into bitcoins. Specifically, the partnership will integrate the OpenNode Bitcoin payment app into the Stripe app marketplace. With Stripe’s huge user base extending to millions across different parts of

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44 Countries Meet in El Salvador to Discuss Bitcoin
44 Countries Meet in El Salvador to Discuss Bitcoin

President Nayib Bukele of El Salvador confirmed a meeting with 44 other countries. The main focus of the meeting is on Bitcoin and the digital economy. El Salvador, the first country to recognize Bitcoin as legal tender, now has 2,000 BTC holdings. El Salvador’s President Nayib Bukele announced via Twitter that 44 countries will meet in El Salvador. According to him, they will discuss financial inclusion, digital economy, banking the unbanked, the Bitcoin rollout and its benefits in his country. The 44 countries consist of 32 central banks and 12 financial authorities. These central banks and financial authorities are essentially

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