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Tag Archives: Bitcoin

Warren Buffett Explains His Hate for Bitcoin

Bitcoin has had its worst year to date, and Warren Buffett – the billionaire investor and CEO behind real estate giant Berkshire Hathaway – is laughing in all our faces right about now. Warren Buffett Really Hates Bitcoin Buffett has never supported bitcoin. In fact, he’s said some rather negative things about it. Discussing crypto assets in 2018, he said: They will come to a very bad ending. He also made it clear that he had no intention of owning any form of crypto, stating in early...

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Bandesal Bank in El Salvador Won’t Discuss BTC Activities

Bandesal – a traditional bank in the nation of El Salvador – is refusing to discuss with reporters how the country is spending its bitcoin funds. It will not provide any data regarding how the country is maintaining its bitcoin purchases, nor will it say where the money is going or how it’s being stored, claiming that data is “confidential.” Bandesal in El Salvador Is Staying Quiet The Anti-Corruption Legal Advisory Center (ALAC) is condemning the bank and El Salvador for not being...

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El Salvador and Switzerland Are Working to Boost Crypto Adoption

El Salvador in Central America is joining hands with the Swiss city of Lugano in the name of bitcoin. Both areas have vowed to push bitcoin education and adoption in their regions and see about implementing bitcoin use tools in neighboring countries. El Salvador and Switzerland Are Working Together Both regions have proven to be major bitcoin advocates in recent years. El Salvador initially made bitcoin legal tender in September of last year. The country initially experienced heavy...

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Brian Armstrong Says He Was Wrong About BTC

In a recent interview, Brian Armstrong – the CEO of popular digital currency exchange Coinbase – commented that he “overestimated” bitcoin as a hedge against inflation, and he’s learning now – like so many other traders – that bitcoin is not yet ready or mature enough to handle the hard-hitting economic factors that the country has been facing over the last year and a half. Brian Armstrong Says He was Incorrect About Crypto In a podcast discussion, Armstrong commented: Frankly, I’ll admit,...

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Analysts Say Bitcoin Has Become “Boring”

For the last several months, the volatility of bitcoin appears to have calmed down somewhat. The world’s number one digital currency by market cap has, to one degree or another, been hovering around the $20K mark for some time, and while there are little moments here and there when it goes up or down, the range appears to be relatively consistent. Bitcoin Volatility Has Remained Relatively Still With all this in mind, it appears bitcoin trading has become rather “boring” as of late. This is...

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Pick n Pay Opens Its Heart to Crypto Payments

Pick n Pay, a grocery retail outlet, has said “yes” to crypto payments and will now allow customers to pay for their items with assets like bitcoin and Ethereum. Pick n Pay Says “Yes” to Crypto Payments The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved. What many people likely forget is that while bitcoin and many of its crypto cousins have taken on either speculative or even hedge-like statuses in recent years, many of them were initially...

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Sixx King Uses Crypto to Get His Movies Off the Ground

Sixx King – an African American filmmaker and the founder, chairman, and CEO of Sixx Degrees Media – has teamed up with actor and film producer Sebastian Kahuna to establish new high-quality films funded by cryptocurrency. Sixx King Thinks BTC Can Be Used for Producing Films He believes there are many barricades in the way of black filmmakers trying to get their projects off the ground. He says it can be quite difficult to get projects funded, and thus he’s turning to digital assets to get...

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Bitcoin Officially Turned 14 in October

Bitcoin turned 14 on Halloween this year. How Far Has Bitcoin Come? Back on October 31, 2008, Satoshi Nakamoto – the pseudonymous creator of the world’s largest and most powerful digital currency by market cap – sent the whitepaper for the new anonymous financial system to emails across the world. In the paper, Nakamoto wrote the following: What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with...

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Bitcoin Price Analysis: BTC Aims Fresh Increase To $18.5K

Bitcoin price started a recovery wave from the $15,500 support against the US Dollar. The price is now trading above $16,500 and the 55 simple moving average (4-hours). There was a break above a crucial bearish trend line with resistance near $16,480 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could recover further, but upsides might be limited above the $18,500 resistance zone. Bitcoin price is recovering above $16,500 against the US Dollar. BTC might...

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Elon Musk Is Still Holding onto Some BTC

Elon Musk has not always been the kindest person to bitcoin. He has made unfair judgements about it in the past, and when it comes down to it, it seems he’s a much bigger fan of some of its altcoin cousins, i.e., Dogecoin, than he is of the currency that started it all, and yet despite all this, there still seems to be some love in the mix. Elon Musk Hasn’t Gotten Rid of All His BTC It has come out that Tesla – the electric vehicle company owned and run by Musk – is...

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