Tag Archives: Bitcoin News

Bitcoin is continuing to tank hard. After falling into the high $30,000 range (between $37K and $38K), the asset has dumped another $3,000 and is now trading for about $35,000 per unit. Thus, the currency has lost about $29,000 overall from its recent all-time high of $64,000, which was attained last April. Bitcoin Tanks Again It is estimated that the world’s number one digital currency by market cap has lost about ten percent of its overall value over the past 24 hours. This represents a...

We are back at it again, folks. The bitcoin-based exchange-traded fund (ETF) game is in play all over again in the United States as the Securities and Exchange Commission (SEC) is now reviewing bitcoin ETF applications submitted by companies such as Fidelity and Sky Bridge Capital, led by Anthony Scaramucci. There Are Still Questions Surrounding a Bitcoin ETF The big question is not whether these products are good or useful in some way, but rather if the SEC finally has...

Andrew Dawood started out as a simple flight attendant, but his savvy investing has made him a millionaire, and he has things like bitcoin and GameStop shares to thank. Andrew Dawood Is Reaching for the Top Born in Egypt, Dawood relocated to Dubai in the United Arab Emirates with about $50,000 to his name. A solid amount for someone so young, but he was ready to make his move and turn that small fortune into a big fortune. Naturally, he turned his attention to bitcoin,...

Crypto fans around the world were excited to hear last October that PayPal would soon be allowing users to purchase and store cryptocurrencies through the trading platform. In addition, PayPal said that it was on the verge of allowing customers to pay for items and services with digital currencies. PayPal Is Changing Things Up a Bit This got things hopping up and down and the bitcoin boom ultimately began, though things came with a catch as users soon began to find out...

Iran has officially banned bitcoin mining. In a recent statement, the country’s president Hassan Rouhani says that the nation has been the victim of numerous blackouts over the past several months and officials are claiming the extraction of new digital coins could be the cause. Thus, the government is not willing to take any chances and is setting a ban in place before things can potentially get worse. Iran Ends All BTC Mining… For Now Bitcoin mining has been under...

Here is a story that is likely to get your positivity flowing. As we all know, bitcoin has been suffering heavily as of late. The world’s number one digital currency by market cap has fallen from its recent all-time high of approximately $64,000 – which it attained in mid-April – down to about $38,000 at press time. The price of bitcoin has fallen harder than it ever has in the past 12 years, but according to many analysts, the asset is still on its way to reaching a...

One of the big rumors surrounding both the stock market and the bitcoin space is that they are correlated. That they follow each other and wherever one goes, the other is likely to follow suit. A new study has emerged claiming that this is not a rumor, but rather the truth. Bitcoin and Stocks Are Closely Tied The study was performed by analysts with DBS, a Singapore-based bank. The individuals in charge of the study were Taimur Baig – an economist – and Chang Wei Liang,...

If you are into chess and bitcoin, then this upcoming tournament is likely to keep you fully entertained. Do Chess and Bitcoin Go Together? Some of the world’s biggest and best chess players are gathering to play for a massive, six-figure bitcoin prize. The competition will feature as many as 16 grandmasters – including the top ten chess players in the world – to battle each other on the board and possibly get their hands on a massive crypto prize. The contest is known...

As the bitcoin space continues to grow, major banks and financial institutions around the world are completely confused about what to make of it and what their next steps should be. Banks Don’t Know What To Make of Bitcoin The idea up to this point is that banks are not entirely fearless of bitcoin. They know that it is a growing asset despite the problem that it has sunk in price greatly over the past few weeks. This has not deterred people from investing in BTC and...

With bitcoin continuing to slip into oblivion, it is no wonder why so many financial analysts and firms seem to believe that the world’s number one digital currency by market cap is going to get overtaken in the coming weeks and months, and according to a new report from monetary powerhouse Goldman Sachs, executives firmly believe that Ethereum may be on the verge of being king of the crypto space. Goldman Sachs Seems to Think ETH Will Come Out on Top Earlier in the...