Tag Archives: Bitcoin News

The city of Chandler, Arizona is allowing residents to pay their utility bills with cryptocurrencies like bitcoin, Ethereum, and Litecoin. Chandler, AZ Is Making Crypto Mainstream The move is considered a huge boost to the digital currency space given that many of the assets listed above were initially designed to serve as payment tools for goods and services. When they first emerged on the scene, these assets were built to push credit cards, checks, and fiat currencies...

Bitcoin has been rocking as of late. While the currency is nowhere near where it was just five months ago – at that time in November of 2021, the world’s number one digital asset was trading for about $68,000 per unit – the currency has managed to get itself out of the doldrums and spike into the mid to high $40,000 ranges, a solid improvement over the $37,000 it was trading for in mid-March. Bitcoin Could Be Heading to the Stars Now, Van Eck – a company known for its...

Cornerstone Global Management Inc. – a company that transfers payroll into cryptocurrencies such as bitcoin, Ethereum, and Litecoin and allows employees to get paid in digital assets – has acquired a firm known as Pay Drop, which provides financial and payment services to freelance workers and small businesses. Cornerstone Global and Pay Drop Join Hands for Crypto’s Sake Charlie Lee – the founder of Litecoin – helped to coordinate the acquisition. He stated in an...

MicroStrategy is continuing to purchase more bitcoin, though its methods are beginning to garner a few raised eyebrows amongst traders and analysts alike. Not long ago, the software giant announced that it was taking out a loan for more than $200 million so it could purchase more of the world’s number one digital currency by market cap. MicroStrategy Continues Its Pursuit of Bitcoin MicroStrategy currently boasts more than $5 billion worth of the asset. At first glance,...

The United Arab Emirates (UAE) is becoming a major crypto haven and experiencing a huge boom in usage. Not long ago, the nation found itself at the center of regulatory interest following the unveiling of its new virtual asset law, and now it looks like one in five people within the country are looking to trade crypto on a regular basis. The UAE Is Seeing a Huge Surge in Crypto Use A recent survey suggests that about 67 percent of UAE citizens are looking to become...

Dubai – the capital of the United Arab Emirates in the Middle East – has unveiled a new digital currency law that apparently a lot of other countries could learn from. The law allows for increased innovation and investor protection in the space while also permitting banks to do their jobs in making sure that all crypto activity is regulated and safe. Dubai Is Instilling a New Crypto Law Jonathan Levin of Chainalysis fame is speaking at this week’s World Government Summit...

Elon Musk has long been involved in the crypto world, both in negative and positive ways. At press time, it looks like the negative waves surrounding his crypto presence are taking a little more precedence than the positive ones given that his face and likeness are still being used for crypto scams across social media platforms. Elon Musk Is Still the Face of Crypto Fraud This has been an ongoing problem. For several years, many scams on sites like YouTube, Twitter, and...

Lawmakers in the European Union (EU) are making it hard for crypto traders to invest in digital currency while remaining private. Regulators say they are working to make it so that money laundering in the crypto space never happens again. As a result, they are implementing new rules that will require all crypto exchanges and trading platforms to obtain, hold, and submit information on customers involved in digital currency transfers. The EU Is Coming Down Hard on Crypto...

Bitcoin price started a downside correction from the $48,000 zone against the US Dollar. The price is now trading below $46,000 and the 55 simple moving average (4-hours). There is a major breakout pattern forming with support near $45,100 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could decline heavily if there is a clear move below $45,000 and $44,000. Bitcoin price is struggling below the $47,000 resistance against the US Dollar. BTC...

An NBC News poll suggests that one in every five Americans has delved in bitcoin or other forms of crypto, either through trading, investing, or related activities. This is a sign that the crypto world is becoming mainstream and legitimate faster than anyone could have anticipated. Bitcoin Is More Popular Than Ever In many ways, the arena surrounding blockchain and digital assets is an expanding universe that is still very much in a developmental phase. Bitcoin, for...