Tag Archives: Bitcoin News

Ethereum—the world’s second largest cryptocurrency by market cap and the number one competitor to bitcoin—has struck gold over the weekend and has seemingly hit a new all-time high exceeding $3,000 per unit. Ethereum is Trading for More Than $3K Ethereum is arguably one of the biggest and most popular coins around. While it may not have the market value of bitcoin or the size and scope of its predecessor, it is still a very important coin for many reasons, the biggest...

We keep seeing examples of big companies getting involved in cryptocurrency. Figures like Michael Saylor of MicroStrategy and Elon Musk of Tesla are packing all their money into the crypto space and getting all that they can out of the world’s number one digital currency, but according to Jerry Klein, the managing director of Treasury Partners, not all the planet’s big companies and financial figures are going nuts for BTC. Jerry Klein: Bitcoin Is Still Too Risky The...

Bitcoin price started a fresh increase after testing the $47,500 support against the US Dollar. The price is now trading above $52,000, but it is struggling near the 55 simple moving average (4-hours). There was a break below a major rising channel with support near $55,800 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to start a fresh decline if it fails to clear the $56,000 resistance zone in the near term. Bitcoin price is...

MicroStrategy – the software firm that ultimately became one of the first (if not the first) institution to publicly support and purchase bitcoin – is taking its love for BTC to even greater heights. In its recent earnings report, the company has stated that it is looking to purchase even more bitcoin in the coming months, and that bitcoin buys will potentially become the norm. MicroStrategy Still Loves Its BTC The report reads: We continue to be pleased with our bitcoin...

Kevin O’Leary – aka Mr. Wonderful from the popular television program “Shark Tank” – has a lot of respect for both bitcoin and Ethereum. He thinks they are both remarkable developments in the world of finance. It is just that he respects bitcoin a little more. Kevin O’Leary: Bitcoin Will Always Be King In a recent interview, O’Leary commented that Ethereum – no matter how popular it is or how big and strong it becomes – will always be “number two” following bitcoin....

Did Facebook buy bitcoin? There is a rumor moving about online that the world’s biggest social media platform may have added the biggest digital currency by market cap to its balance sheet. There Is Talk That Facebook Bought BTC While at the time of writing these ideas are unproven, Facebook adding bitcoin to its playbook would be both surprising and unsurprising at the same time. For one thing, many largest institutions have been purchasing the digital currency in...

As of late, bitcoin has been struggling somewhat. After reaching a new high of roughly $64,000 per unit a few weeks ago, the world’s number one digital currency by market cap fell below $50,000, thereby losing approximately $15,000 off its price. Bitcoin Is Going to Rise, Say Analysts Now, while the asset has come back somewhat, bitcoin is still struggling to move into the high $50,000 range. It is presently trading for about $53,000, which is a drop from last week’s...

Bitcoin has come quite far over the past year. So far, in fact, that many people say they would not mind getting paid in it. Some, such as Elon Musk – the South African entrepreneur behind billion-dollar companies such as SpaceX and Tesla – have stated that they want their salaries paid in BTC, but some are now taking steps to make sure that this happens. One of those figures is Sean Culkin of the Kansas City Chiefs. Sean Culkin Wants a BTC-Based Salary In a recent...

Dan Schulman – the CEO of PayPal – has come a long way over the past few months. Approximately six months ago, his company announced that it would not only allow people to trade and sell digital currencies, but that people would soon be able to pay for goods and services with them. This caused bitcoin to spike to $13,000 after it was trading for just over $10,000, thereby gaining more than $3,000 in price in just a few days. Dan Schulman Thinks BTC Has Become Very...

Tesla and Elon Musk are earning some criticism after it was made clear recently that the South African entrepreneur may have sold some of the bitcoin that the company purchased back in February. Elon Musk Has Raked in Some Serious BTC-Based Dough Two months ago, the electric car firm made history by serving as one of the primary institutions to back bitcoin publicly. The company purchased more than $1.5 billion worth of the world’s number one digital currency by market...