Bitcoin

Goldman Sachs Now Offers Bitcoin-Backed Loan
Goldman Sachs Now Offers Bitcoin-Backed Loan

Goldman Sachs grants cash collateralized by Bitcoin. A spokeswoman said their structure and 24-hour risk management would make the deal more interesting. The investment bank has been increasing its exposure to cryptocurrency since last year. Wall Street giant Goldman Sachs, a leading global investment bank, has launched its first-ever loan backed by cryptocurrency.  According to a report from Bloomberg on Thursday, Bitcoin owned by the borrowers can be used as collateral to avail of the loan.  A spokeswoman for the bank disclosed in the report that the secured lending facility lent cash collateralized by borrowers who owned Bitcoin. Noting that

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‘Bitcoin Jesus’ Returns to Twitter, Favors DOGE Over BTC
‘Bitcoin Jesus’ Returns to Twitter, Favors DOGE Over BTC

Roger Ver said DOGE is better, cheaper, and more reliable [than Bitcoin]. He praised Elon Musk for purchasing Twitter in the interview. Ver said: “I was never a Bitcoin or Bitcoin Cash maximalist.” Roger Ver, a pioneer investor, and Bitcoin supporter, has returned to posting in Twitter after a year. He also showed his support for Dogecoin in an interview. His enthusiasm and all-out support for Bitcoin and Bitcoin Cash have earned him the alias ‘Bitcoin Jesus’. According to an interview with Bloomberg, Ver said he preferred Dogecoin over Bitcoin for payments. He emphasized that he’s a fan of the

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MicroStrategy CEO: Not Selling BTC, Rumors Untrue
MicroStrategy CEO: Not Selling BTC, Rumors Untrue

Microstrategy CEO Michael Saylor disposed of the rumors that his company was quietly selling bitcoin via Twitter. The executive said that the company will disclose any changes the company will make to its shareholders. The company recently purchased $200 million worth of BTC earlier this month. Recently, a rumor spread on social media that Nasdaq-listed software company Microstrategy has been silently selling its Bitcoin holdings. Michael Saylor, Microstrategy CEO, shared a tweet last Friday to get rid of the rumor. Saylor clarified that the company is regulated by the US Securities and Exchange Commission (SEC). Microstrategy is obligated to reveal

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Terra Stocks $1.7B Worth of BTC To Hit $10B Goal
Terra Stocks $1.7B Worth of BTC To Hit $10B Goal

Terra buys another $176 million in Bitcoin, 4 days after its 5,040 BTC purchase on April 6. LFG now carries a total of 39,897.98 BTC ($1.7 billion) Bitcoin. TerraUSD stablecoin will be backed by both their native LUNA token and Bitcoin. A Singapore-based Luna Foundation Guard (LFG), committed to promoting Terra blockchain, bought another $176 million worth of Bitcoin last Sunday, following its recent purchase of $200 million worth of BTC on April 6. The recent purchase showed an additional 4,130 BTC added to its wallet on April 10. This happened four days after its 5,040 BTC purchase on April

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Women of Bitcoin of America Prep For Miami Bitcoin Conference
Women of Bitcoin of America Prep For Miami Bitcoin Conference

The 2022 Bitcoin Conference in Miami hopes to see more women this year. Bitcoin of America is a team led mostly by women. Together the team and the Mayor of Miami encourage more women to join the space. One of America’s leading virtual currency exchanges — Bitcoin of America, says they will return to the Bitcoin Conference in Miami. Specifically, the brand brought much attention to women in crypto last year. This year, it plans to do the same.  To begin, it will bring prominent women from its team who hold executive roles in the company. Above all, the company

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Dogecoin Added to Bitcoin of America’s Popular ATMs
Dogecoin Added to Bitcoin of America’s Popular ATMs

Bitcoin of America added Dogecoin to their BTMs. Several updates have been made with their BTM machines and services over the past year. Bitcoin of America offers several features on their BTM machines, as well as programs to take care of their host locations. Bitcoin of America has revealed the latest addition to their Bitcoin ATM machines (BTMs). Dogecoin is now accessible at Bitcoin of America ATM locations. A well-known virtual money exchange, Bitcoin of America is licensed as a money services business with the United States Department of Treasury (FinCEN). They offer good customer support, aside from guaranteed quick

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CEO of Galaxy Digital Says Bitcoin Price Will Hit $500K
CEO of Galaxy Digital Says Bitcoin Price Will Hit $500K

The CEO of Galaxy Digital — Mike Novogratz, says Bitcoin price will hit $500,000. Specifically, he hopes to see this value for Bitcoin in 5 years’ time.  He says Bitcoin is a good alternative for nations with poor stewardship of the economy. Galaxy Digital’s CEO — Mike Novogratz, supports the use of Bitcoin. Above all of Bitcoin’s perks, he highlights that it is the likely alternative to people in nations with weak stewardships of the economy.  That is to say, he believes Bitcoin to be a lifeline for citizens in countries with poor intermediaries of the economy. Overall, he believes

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Michael Saylor’s Words Rally the Bitcoin Community
Michael Saylor’s Words Rally the Bitcoin Community

Micheal Saylor’s words rally the Bitcoin and crypto community.  He reminds the community that Bitcoin is a scarcity while other assets are a commodity.  Many hodlers have begun to take their assets off of exchanges. As Bitcoin (BTC) staggers at a value below $40,000, the crypto community is witnessing either strife and FUD or is clinging to their bullish Bitcoin narrative now more than ever.  For instance, the Bitcoin Magazine Twitter page posted a quote from one of the biggest Bitcoin believers within the industry — Micahel Saylor. No doubt, the CEO of MicroStrategy has time and again proven his

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Bitcoin Whale Awakens After 11.4 Years, Holds 489 BTC
Bitcoin Whale Awakens After 11.4 Years, Holds 489 BTC

A Bitcoin whale awakens after 11.4 years.  The price of Bitcoin falls below $40,000.  The Bitcoin Fear & Greed Index points to fear. Bitcoin and crypto investor Lark Davis is a long-time crypto enthusiast. Currently, he holds over 900,000 followers on Twitter. Today he caused a bit of a buzz after retweeting a post about a Bitcoin whale coming back to life.  Specifically, he retweeted Whale Alert’s tweet about a dormant Bitcoin wallet coming back to life. To highlight, the wallet address holds 489 BTC which amounts to over $20,000,000 in value. What’s more, the wallet was inactive for 11.4

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Bitcoin Settles at $39K After Stripe Onboards Crypto
Bitcoin Settles at $39K After Stripe Onboards Crypto

Stripe announced that it will now be providing support to crypto-based businesses. Bitcoin appears stable at the $39,000 price range.  On the other hand, Bitcoin price has been finding it difficult to hold the $40,000 line in the last couple of months. Despite an overnight dump, Bitcoin has now settled at $39,000 amid new developments in the crypto space. This time, global payments platform Stripe announced that it will now support businesses that accept crypto payments. As explained by Co-Founder John Collison, the new update will enable the company to support all types of businesses that dabble in cryptocurrencies. These

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Bitcoin Fans Rejoice As the EU Confirms No Bitcoin Ban
Bitcoin Fans Rejoice As the EU Confirms No Bitcoin Ban

Bitcoin and other Proof-of-Work blockchians celebrate good news.  The European Union revised its crypto regulations bill.  A Bitcoin ban will be very unlikely once the bill passes. Crypto investors rejoice as EU lawmakers decide to drop the Bitcoin ban from its crypto regulations. In detail, seasoned Bitcoin investor — David Lark, calls for celebration. Specifically, he tweets the good news for Bitcoin.   In detail, Stefan Berger — the primary parliamentarian working on the crypto regulations bill says that the part about a Bitcoin ban could likely be a misunderstanding. In fact, he says the passage was misinterpreted.  Above all, the

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Rising Economic Strain Leads to Higher Faith in Bitcoin
Rising Economic Strain Leads to Higher Faith in Bitcoin

CEO of MicroStrategy — Michael Saylor shares an interesting video on Twitter.  The tweet highlights a quote from the video about Bitcoin gaining global interest. Host of Coin Stories podcast — Natalie Burnell shares her opinion on the power of Bitcoin CEO of MicroStrategy — Michael Saylor, shares an insightful video from Fox Business. Specifically, the video is about a conversation between a reporter and Natalie Burnell. Burnell is the host of a famous Bitcoin and crypto podcast — Coin Stories.     As we can see from this video, Burnell talks about how the old financial system is slowly crashing and

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