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Tag Archives: Bitcoin News

Bitcoin Scam Leads to a Family’s False Relocation

A bitcoin scam involving a bunch of house renters has taken place in the city of Vallejo, California. In what is certainly a unique spin on scam-based bitcoin behavior, it appears someone pretended to be a landlord of a vacant home and said that a $2,000 down payment in BTC was all that was needed to give a family a new place to live, but things weren’t as simple as they seemed… How Bitcoin Scams Are Taking on New Form In the crypto space, traders and buyers often go by...

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MicroStrategy Adds More Than $1 Billion in BTC to Its Asset Stash

MicroStrategy has established itself as one of bitcoin’s biggest fans in recent months. MicroStrategy Buys a Lot More Bitcoin The company was one of the first institutional players to come out publicly and support the world’s primary digital currency by market cap through a purchase of more than $250 million worth of the asset last August. Things didn’t quite stop there, however, as the company felt this wasn’t enough and engaged in another buy of the cryptocurrency just...

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Square Just Added a Lot of Bitcoin to Its Stash

It’s not like we didn’t know that Square – the financial payment firm owned and operated by Jack Dorsey of Twitter fame – was a bitcoin fan. Dorsey himself has been advocating for bitcoin for the past several years, even going so far as to claim in 2018 that it would be the world’s only currency within ten years. In addition, Square was one of the first institutions to pledge support for the world’s number one digital currency back in October of last year when it...

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Bitcoin Experienced Heavy FUD During the Week

It’s certainly been a crazy week for bitcoin. The currency – which was trading for about $56,000 per unit during the early portion of the week – later fell to about $47,000, thereby losing roughly $9,000 from its price. Since then, it has spiked back to $49,000 at the time of writing, gaining $2,000. However, it still isn’t anywhere near where it was previously, and data suggests that many investors and traders as of late have been selling their coins for a profit and...

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Tether, Bitfinex Settle Major Legal Case in New York

Tether and Bitfinex have settled their case with the New York Attorney General’s office. Both companies have agreed to pay as much as $18.5 million to make the issues of the past finally disappear. The Tether Bitfinex Fiasco Has Come to an End Both companies have been under serious investigation for the last few years after having been accused of working to cover up an $850 million loss of both corporate and client funds. As a result of the settlement, both Tether and...

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Daniel Ives: When Bitcoin Falls, Tesla May Follow Suit

Elon Musk has worked so hard to push bitcoin and to purchase the asset that it’s ultimately tied itself to Tesla shares, according to stock and crypto analyst Daniel Ives of Wedbush fame. Daniel Ives: BTC and Tesla Are Practically One and the Same In a recent interview, Ives says that when Tesla goes up, bitcoin will follow suit and vice versa. Tesla can also expect to see action whenever bitcoin makes a move. Not too long ago, the company purchased as much as $1.5...

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Michael Saylor: BTC’s Market Cap Will Soon Explode

Bitcoin and Ethereum prices have tanked. BTC, for example – the world’s number one cryptocurrency by market cap – has dropped into the high $47,000 range. This is a $9,000 drop in about two days, as recently, the asset was trading for about $56,000 per unit. Despite this, Michael Saylor – the CEO of MicroStrategy – remains confident that things are going to turn out well for the currency. So well, in fact, that he thinks it will one day have a $100 trillion market cap....

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JPMorgan: Fintech, Not BTC, Is the True Coronavirus Hero

Bitcoin has been doing extremely well for the past nine months. The currency really came to fruition during the initial time of the coronavirus pandemic, and it has been on a serious roll ever since, recently striking a new high of roughly $56,000 per unit. However, despite all the glitz and glam the currency has been attaining, financial giant JPMorgan believes that it’s fintech and not bitcoin or crypto that has garnered true recognition during the time of COVID....

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Meltem Demirors: Bitcoin Is a Question of When, Not If

Meltem Demirors – chief strategy officer at digital asset investment firm Coin Shares – stated in a recent interview that all those who are quickly investing in bitcoin are late to the crypto party. Meltem Demirors: You Needed to Invest in BTC Yesterday During a discussion with CNBC, Demirors commented that one of the primary reasons many have not invested in bitcoin is likely due to regulatory hurdles that may allegedly appear in the coming future. However, she is...

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Elon Musk May Have Hurt BTC with Latest Tweets

Oh, Elon Musk… You just can’t seem to make up your mind, can you? One minute, you’re all over bitcoin and investing billions of dollars in the world’s number one digital currency by market cap. The next minute, you’re saying something that doesn’t work well for the asset and every trader – yourself included – winds up experiencing some level of loss. Elon Musk Has Potentially Caused a Dip in the BTC Price This is the case behind last weekend’s market dip, in which...

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