Tag Archives: Bitcoin News

Not long ago, a billionaire in Mexico named Ricardo Salinas Pliego stated that he was working with his bank (known as Banco Azteca) to ensure customers could gain access to crypto and blockchain services. While Pliego is excited about the prospects of digital currency, his country is not as enthusiastic. Mexico Will Not Permit Banks to Enter the BTC Forum On social media, Pliego stated the following: Bitcoin is a good way to diversify your investment portfolio and I...

Warren Davison is a Republican congressman from the state of Ohio. He serves as a ranking member of the Financial Technology Task Force and recently took part in two panels at the Miami Bitcoin Conference where he discussed the prospects of a central bank digital currency and what it should offer its users. Davidson On the Status of Blockchain Tech He says that any kind of digital currency should always offer security, privacy, and everything else that fiat provides. In...

Michael Saylor of MicroStrategy fame is convinced that China is making a huge mistake by not allowing bitcoin operations to continue within its borders. Michael Saylor Is Critical of China’s Decisions Over the past few days, bitcoin has experienced something of a surge. It was trading for about $29,500 just over a week ago, and yet today, the currency has risen to roughly $36,000. While this is by no means a heavy boom, the currency is doing considerably better, and the...

Bitcoin price started a fresh increase from the $30,000 support zone against the US Dollar. The price is now trading above the $35,000 zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $35,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is correcting gains, but it is likely to remain stable above $35,000 and $34,000 in the near term. Bitcoin price is recovering higher...

The Chicago Mercantile Exchange (CME) has hit a new peak. Just one month after launching its new bitcoin micro futures, the company has seen approximately one million of these contracts traded, suggesting that institutional investing in the bitcoin space has not died down since the currency began experiencing heavy losses from its mid-April high. The CME Has Struck a Top Chord CME put out the following message on Twitter: Today, we announced a new milestone for micro...

Bitcoin has been trapped in the doldrums as of late, but the currency is still on the radar of several institutional investors such as Ricardo Salinas Pliego, a Mexican billionaire who is working with his bank to become the first Mexican financial institution to accept the world’s number one digital currency by market cap. Mexican Billionaire Pliego Plays the BTC Horn Over the weekend, Pliego tweeted the following: Me and my bank are working to be the first bank in...

Elon Musk – the South African entrepreneur behind billion-dollar companies such as SpaceX and Tesla – and Jack Dorsey, the CEO Of both Twitter and Square, have agreed to meet at an upcoming conference to discuss the future of the world’s number one digital currency by market cap. Elon Musk and Jack Dorsey Will Discuss BTC Together Both Elon Musk and Jack Dorsey have contributed greatly – in both negative and positive ways – to the bitcoin and crypto scene. Dorsey’s...

Residents of El Salvador will soon be eligible to receive a $30 bitcoin gift granted they open a new “Chivo” digital wallet. El Salvador Is Giving Free BTC to Its Citizens El Salvador recently made heavy crypto headlines when it was announced that bitcoin would be legal tender within the country’s borders beginning on September 7. This came after a hard-fought battle with the World Bank, which stated that it would not offer any assistance to El Salvador given that it was...

Guggenheim’s chief investment officer Scott Minerd is predicting that bitcoin, the world’s number one digital currency by market cap, could fall to even lower levels in the coming weeks. Scott Minerd Offers a Case of Gloom and Doom for BTC During a recent interview, Minerd claimed that bitcoin has not bottomed out yet, despite losing approximately 50 percent of its value since mid-April. He says that he is confident the price of BTC could drop to about $15,000 at some...

Last week, Bitcoin crashed following China’s decision to ban crypto mining in the country. For the first time since January, Bitcoin was trading below $30,000. While the price of Bitcoin has recovered a bit, investors remain uncertain about the possible direction the market could take. China, being the biggest Bitcoin market in the world, has decided to continue its massive crackdown on crypto miners in the country. The impact of China’s decision on the trading market...