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Bitcoin (BTC)

Fidelity Buys 7.4% Stake in Marathon Digital Holdings

Marathon is a well-liked stock among institutional asset managers. Two days ago, the company declared a 66% rise in its Bitcoin month-over-month production.American multinational services company Fidelity Investments has bought 7.4% stakes of Marathon Digital Holdings, which is a patent-holding company and the parent firm of Uniloc.Marathon Digital Holdings currently functions as a digital asset technology company. The firm mines cryptocurrencies, targeting the Blockchain ecosystem and the...

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EOS Price Analysis: Bulls Aim Higher Above $4.5

EOS started a fresh increase above the $4.00 resistance against the US Dollar. The price is now trading above the $4.00 support and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $4.00 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair is likely to continue higher if it breaks the $4.25 and $4.30 resistance levels in the near term. EOS price is showing positive signs above $4.00 against the US...

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Litecoin (LTC) Price Analysis: Fresh Increase Likely Above $145

Litecoin price failed to clear the $150 resistance zone and corrected lower against the US Dollar. LTC price is now trading above $140 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $138 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair might start a fresh increase as long as it is above the $135 support. Litecoin price is holding gains above $135 against the US Dollar, similar...

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Marc Andreessen: Bitcoin Is a Fundamental Technological Transformation

The co-founder of Andreessen Horowitz – Marc Andreessen – highlighted cryptocurrencies and blockchain technology as a financial revolution. He also praised bitcoin, saying it is not only a digital asset but a network providing numerous options to investors. Cryptocurrencies Can Build Trusty Relationships During an interview for Bloomberg, the American entrepreneur Marc Andreessen revealed his reasons what makes digital assets an enduring investment option. He stated that one...

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Square Has Lost a Lot of Bitcoin These Past Few Months

With bitcoin having lost so much of its value in recent weeks, institutions that bought into the asset earlier in the year have ultimately seen their investments begin to tank. Not long ago, we reported that Tesla saw approximately $1 billion in BTC disappear since it first plugged about $1.5 billion into the asset back in February. While other companies may not have lost as much, they are certainly keeping up the losing patterns, with Square having recently joined the...

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Bitcoin Activity in Nigeria Just Keeps Getting Bigger

Moses Awa is a business owner in Nigeria. As a textile importer, Awa said that his government banning access to foreign exchanges caused him to panic. He had worked very long and hard as an importer of Chinese shoes, but the government’s prevention of capital could have stopped his business in its tracks altogether. Nigeria Has Become a Major Bitcoin Haven He says: It was a serious crisis, and I had to act fast. To get things back up to speed, Awa turned to his brother,...

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What Does El Salvador’s Endorsement of Bitcoin Mean for Cryptocurrency?

El Salvador’s ground-breaking decision to adopt Bitcoin as legal tender could have an outsized impact on the global cryptocurrency market – but it’s unclear whether it will be positive or negative until we see how it works in practice.Although it was originally designed as a currency and has seen both its use and its value soar over the last decade or so, Bitcoin (and other cryptocurrencies) have largely been used more as assets than currencies to date. Aside from trading, their use has been...

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Nick Sears May Be One of the World’s Youngest Bitcoin Miners

At 19 years of age, Nick Sears could be one of the youngest people in the world to be making a career out of bitcoin. Two years ago, Sears built a bitcoin mining farm in Washington, and has made this farm his business ever since. He is looking away from the traditional college route and considering a future in which he devotes himself entirely to the world’s number one digital currency by market cap. Nick Sears Says “Bye” to College, “Hello” to BTC Mining Right now,...

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Indian Olympic Medal Winners to Get Free Bitcoin (BTC) and Ethereum (ETH)

The cryptocurrency platform Bitbns intends to open a systematic investment plan (SIP) in digital assets for Indian athletes who win medals at the ongoing Tokyo Olympics. The exchange will reportedly grant around $2,700 in crypto for gold medal winners. ‘Faster, Higher, Stronger’ And Earn Crypto The Economic Times reported that Indian athletes at the Olympic Games could receive cryptocurrencies as a gift if they manage to win a medal at the tournament in Tokyo. The trading...

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