Tag Archives: Bitcoin Adoption

Fidelity Digital Assets, the subsidiary of the large American investment company Fidelity Investments, has published a report on Bitcoin highlighting that its benefits have helped BTC to become an “aspirational store of value” for investors.Bitcoin’s Store Of Value FunctionsLaunched in October 2018, Fidelity Digital Assets has become a significant player offering cryptocurrency services for large institutions. While initially operating only in the US, the company announced expanding to Europe...

Bitcoin peer-to-peer (P2P) trading volume in several countries, including India, Mexico, and Argentina, has hit all-time highs this week, according to data from LocalBitcoins and Paxful.Regular People in Developing Countries Are Actively Trading CryptocurrencyDuring the last two months or so, Bitcoin has been more stable than ever, fluctuating between $9,000 and $10,000. Binance CEO Changpeng Zhao jokingly compared the oldest cryptocurrency to a stablecoin. However, people across developing...

The latest data from on-chain analytics firm, Glassnode shows that the dollar value of transactions on the Bitcoin blockchain has been steadily increasing. Also, crypto research firm Messari has dispelled misconceptions regarding the failure of public blockchains like Bitcoin and Ethereum as payment channels.Median BTC Transfer Volume up 100 Percent Since 2020 BeginningAs per a tweet on Glassnode’s official handle, the median Bitcoin transfer is standing at around $195. This marks a 100...

Max Kaiser is a well-known American broadcaster and filmmaker. His previous experience includes anchoring an analysis program called On The Edge and producing a TV series on the Al-Jazeera English network.Currently, he’s the host of his own widely-popular financial program called the Keiser Report. Apart from his TV and online appearances, Keiser is also a long-time Bitcoin and cryptocurrency proponent.CryptoPotato recently had the chance to interview Keiser, where he said that his first...

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...