Tag Archives: Bitcoin Adoption

Galaxy Digital CEO Mike Novogratz believes that Bitcoin will outperform gold in the upcoming months. However, he advised people to allocate more funds into the precious metal instead of the primary cryptocurrency because of the high fluctuations in its price.Buy More Gold Than BTC, Says NovogratzThe former Wall Street hedge fund manager Novogratz has been a long-time Bitcoin proponent. During some of his previous comments regarding the cryptocurrency, he predicted that the asset could return...

After a podcast with popular Bitcoin proponent Anthony “Pomp” Pompliano, the famous comedian Bill Burr said that he will buy BTC. Fellow comedian and co-host Bert Kreischer regretted not buying Bitcoin before but seemed more interested in purchasing mining equipment.Current Economic SituationCo-founder and partner at Morgan Creek Digital Anthony Pompliano recently appeared in a podcast jointly hosted by two popular comedians – Bill Burr and Bert Kreischer.Bill Burr (left) and Bert Kreischer...

Recent reports have it that Australians can now pay for BTC at the country’s Post offices. This is a result of a newly formed partnership between Australia Post and the local cryptocurrency exchange Bitcoin.com.au.BTC At Australian Post OfficesIt was recently reported that Australia Post and the country’s local cryptocurrency exchange Bitcoin.com.au entered into a partnership. This will result in the opportunity for people to use cash and EFTPOS payments to buy BTC directly from the post...

A study compiled by the American multinational financial services corporation Fidelity Investments informed that a third of large institutional investors own a form of cryptocurrency. The highest level of interest came from Europe, followed by the US.Institutional Investors Choose CryptocurrenciesAccording to the report from Bloomberg citing the survey from Fidelity, 36% of all 774 participants said that they own digital assets or derivatives. When broken down into smaller categories, the...

The Square Cash app owned by Twitter CEO Jack Dorsey will go to great lengths to smooth the onboarding process for its Bitcoin users.When a Cash app user sent 12 different transactions worth $1 each, the app covered the $6 fees required to get his transaction included in the next block – each time.That means the owners and operators of the Cash App paid $72 to move their user’s $12 worth of Bitcoin.The Square AppSquare Cash App Subsidizes Bitcoin Use?As revealed by crypto-podcaster Collin...

Twitter CEO Jack Dorsey showed off the ability of the Square Cash app to make daily, weekly, and bi-weekly recurring Bitcoin purchases on May 18. The Square CEO also announced that Cash App users can now view the value of their funds in Satoshis – the ‘cent’ to Bitcoin’s dollar. Jack Dorsey – Stacking Sats Dorsey informed his 4.5 million Twitter followers: “You can now do automatic recurring purchases of Bitcoin in Cash App. Daily, weekly, or every two weeks. And change the display to...

A new study compiled on cryptocurrency usage outlined that people are mainly using them for regular day-to-day purchases such as food and clothes. It also indicated that there’s a significant room for adoption, as only 16% answered that they had previously bought any digital asset.Bursting Myths: Cryptocurrency UsageCryptocurrency payment transfers are much more anonymous than bank transfers, for example. As such, they have received a reputation for usage primarily in criminal...

Canada-based 3iQ Corp has launched a Bitcoin Fund on the Toronto Stock Exchange (TSX). It’s the first public cryptocurrency fund listed on a significant global stock exchange. The Class A units, having a total asset value of approximately $14 million, began trading today under the symbol QBTC.U.The Bitcoin Fund Is HereOn April 2nd, the digital asset fund management company, 3iQ, informed that The Bitcoin Fund had filed with the securities regulatory authorities in all Canadian provinces. It...

Slowly but surely, the cryptocurrency industry is heading towards the mainstream adoption it deserves with a new milestone announced today.Fold Launches BTC Cashback CardFold, a bitcoin-friendly shopping app has become the first crypto startup to join Visa Fast Track Program and will now launch a Visa co-branded debit card that rewards users with Bitcoin for purchases made with the US dollar. According to the announcement Thursday, users can earn up to 10% Bitcoin cashback for every dollar...

The countermeasures attempted by world governments to fight the COVID-19 pandemic will have disastrous consequences on the economy, said Tim Draper. The prominent VC investor outlined that amid this, Bitcoin will flourish as people will utilize its decentralized nature.Simply Printing Money Doesn’t WorkThe sudden outbreak of the coronavirus pushed world leaders to take drastic measures to fights the spread. Entire countries initiated full lockdowns, businesses closed down, the economies...