Bitcoin

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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Bitcoin Drops $33K, Predictions to Hit $10K This Year
Bitcoin Drops $33K, Predictions to Hit $10K This Year

Bitcoin dropped below $33K after a continuous plummet from $36K. The downward pressure was due to increased interest rates imposed by the US Federal Reserve. Economists and crypto insights predicted it will hit $10K this year. The first cryptocurrency Bitcoin dropped below the $33,000 mark after falling by almost 6.9% in the past 24 hours and about 18.7% for the past seven days.  According to the data from CoinMarketCap, the market capitalization of the largest cryptocurrency collapsed to less than $600 billion. Yet, that amount was sitting at more than $900 billion on March 28. The downward pressure started after

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Terra Adds Another $1.5B in Bitcoin Reserves
Terra Adds Another $1.5B in Bitcoin Reserves

Luna Foundation Guard added another 37,863 ($1.5 billion) Bitcoin purchase to its reserves. The foundation now has a total of 80,394 Bitcoin reserves. “You’re starting to see a pegged currency that is attempting to observe the bitcoin standard,” said Terra co-founder Do Kwon. Luna Foundation Guard (LFG) has acquired its largest Bitcoin purchase of 37,863 coins, a whopping $1.5 billion at the time of purchase. The recent move by the LFG has doubled their previous reserves, from 42,530.82 up to 80,394 Bitcoin reserves. According to the tweet, the group assisted the purchase by exchanging $1 billion in UST stablecoin for

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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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