Tag Archives: Bitcoin News

For many, bitcoin has become the prime investment tool. If you want to strike it rich and have all your wealth solidly in one place, one needs to invest in the world’s primary digital currency by market cap. That’s the attitude several traders have, but it’s not shared by all. A few – such as Kyle Bass – believe that the big money has already been made in BTC, and the time has come to move on. Kyle Bass On Bitcoin… It’s Days Are Numbered Bass is the founder and chief...

The Parliamentary Standing Committee on Finance in India has recently issued a statement saying that bitcoin and cryptocurrency must be regulated given that the digital currency and blockchain spaces “cannot be stopped.” India May Be Moving In the Right Direction This is a huge statement coming from an authority based in India given the country’s up-and-down relationship with what is arguably one of the largest and fastest-growing financial industries out there. India...

One of the richest people in the digital currency arena is Sam Bankman-Fried, the CEO and founder of popular cryptocurrency exchange FTX. He says that one of the big things that helps keep him rich is charity and giving away part of his crypto funds to other needy people and industries. This helps him keep his money in check and consistently reminds him about what’s important in life. Sam Bankman-Fried Says Giving Crypto Away Keeps Him Grounded In an interview,...

According to legendary investor Ken Griffin, bitcoin will soon be a thing of the past. The world’s number one digital currency by market cap will eventually be outdone by its main competitor Ethereum, which in turn, will be outdone by a whole new generation of digital currencies. He suggests that this will be a vicious cycle, in which many crypto assets likely will not survive and be replaced by future coins. Ken Griffin Thinks ETH Will Outdo BTC In an interview, Griffin...

A man in Cedar City, Utah has been accused by officials of the Federal Bureau of Investigation (FBI) of paying bitcoin to hitmen granted they would be willing to make two people disappear amidst a custody battle. 41-year-old Christopher Pence has been charged by the U.S. Attorney’s Office in the Northern District of New York and faces a maximum sentence of ten years in prison if convicted. Pence Is Looking at a Lengthy Prison Term According to court documents, Pence was...

The city of Miami, Florida says it will be one of the first regions in the world to offer “bitcoin yield” to its residents. Mayor Francis Suarez made the official announcement last week and said that crypto staked through Miami’s digital wallets will be used to benefit citizens. Miami Is Moving In a Revolutionary Direction Suarez has long worked to make Miami a major cryptocurrency and bitcoin hub. Not long ago, when several cryptocurrency miners were ungraciously kicked...

If you’re a faithful churchgoer, there’s a good chance the coronavirus pandemic affected you terribly. Throughout the spread of COVID, we saw the closing of churches – along with several other businesses and organizations – and many people could not worship the way they wanted to. Churches and Bitcoin… Who Would Have Thought? Now, it appears churches across America and all over the world are beginning to reopen their doors, but there is a change associated with many of...

US regulators have banned the new bitcoin-based exchange-traded fund (ETF) submitted by Van Eck. The Securities and Exchange Commission (SEC) had until November 14 of this year to make an official decision, though it looks like regulators were not willing to take the entire time window they had open to them. They certified a “no” on November 12. The Van Eck ETF Is Ungraciously Kicked Aside The SEC has been one of the most closed-minded organizations to bitcoin and the...

Refugees in the Democratic Republic of Congo are turning to bitcoin to ensure their survival following a violent volcanic eruption. How Bitcoin Is Aiding Those Affected By a Volcano The trouble began on May 22 when Mount Nyiragongo erupted, leaving many residents homeless and displaced. Several found themselves stuck in a refugee camp and unable to fend for themselves. No money, no food, no provisions to keep them up to speed. This all changed when Gloire Wanzavalere –...

Bitcoin price started a fresh decline from the $66,000 resistance against the US Dollar. The price is now trading below $62,000 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $62,200 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could accelerate lower if there is a break below the $58,500 support zone. Bitcoin price is gaining pace below $60,000 against the US Dollar. BTC might...