Bitcoin

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

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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,

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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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Philippine Stock Exchange to Trade Crypto
Philippine Stock Exchange to Trade Crypto After Regulator Approval

The Philippine Stock Exchange revealed its plan to become the center for trading cryptocurrencies. This will likely happen once the country’s Securities and Exchange Commission (SEC) has approved. Cryptocurrencies such as Bitcoin and Ethereum are legal in the country. The Philippine Stock Exchange (PSE) has recently expressed its intention to lead cryptocurrency trading in the country. According to CNN Philippines, this will happen once the Asian country’s regulator has given its approval. PSE President and CEO Ramon Monzon said the idea was raised during an exclusive management meeting a couple of weeks ago. Monzon added: “If there should be any

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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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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

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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:

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