Tag Archives: Bitcoin News

Bitcoin – the world’s biggest and most popular cryptocurrency by market cap – is shooting back up. At the time of writing, the asset is trading for just over $57,000. This is a huge improvement over the $54,000 it was at a few days ago and the $49,000 per unit it was stuck at early last week. Bitcoin May Grow Again Soon For the most part, it was believed that bitcoin would likely continue its bullish patterns into the month of May, though thus far, this period is proving...

Sometimes, the only way to keep a financial market alive is to think for yourself, and according to Changpeng Zhao – the CEO of Binance, the world’s largest and most popular cryptocurrency exchange – the herd mentality is really doing some heavy damage to the digital asset space. Changpeng Zhao Thinks People Need to Invest Long Term To be fair, he comments in a recent interview that this same attitude is seen in the stock market, though crypto appears to be more...

Hundreds of banks throughout the United States are about to offer bitcoin and cryptocurrencies to their customers thanks to their new partnerships with NYDIG. NYDIG Is Paving the Way for “Crypto Banks” NYDIG is stationed in New York and is a cryptocurrency custody firm. It is also a division of Stone Ridge, an institutional office that made headlines late last year after it invested more than $100 million into bitcoin. The firm has now partnered with Fidelity National...

With the rise of cryptocurrencies over the past year, it is now clear that they are here to stay, and we can see how they are becoming an increasing part of mainstream industries, businesses and sectors as time passes. This has been especially true in the financial sector, as cryptocurrencies could fundamentally change the way this sector operates. While the level of acceptance towards cryptocurrencies has differed across various countries, Canada has been one of the...

Auction house Sotheby’s – which offers bidding wars on some of the finest art, jewelry and wine available today – has announced that it will accept bitcoin and ether bids on an upcoming auction of “Love Is in the Air,” a piece by popular artist and bitcoin advocate Banksy. Sotheby’s Ready for Crypto Bidding This will be the first time that a largescale auction house is willing to accept crypto payments for art items up for bid, though the winner is also able to pay with...

Someone has a serious attitude against the Bank of England. Either that or they just hate banks in general and happen to live in England. Thus, they are taking their anger out on the nearest centralized financial institution. This week saw the Bank of England repeatedly hit with laser messages that bashed traditional monetary systems while praising bitcoin. The Bank of England Served as a BTC Billboard Some of the messages read, “Fiat is the bubble, and bitcoin is the...

Popular bidding and auction website eBay has announced that it is “open” to the idea of utilizing bitcoin payments in the future. This does not mean that eBay has said yes right away. Rather, it is only considering the prospects of crypto payments for goods and services and will ultimately decide down the line. eBay Says It Is “Open” to BTC Payments Either way, considering how large eBay really is, this is a massive step forward, and bitcoin and its altcoin cousins are...

In recent months, large payment companies such as Robinhood and PayPal have begun allowing people to purchase bitcoin and other cryptocurrencies through their sites. While people have likely had fun doing so, they have encountered an issue in that some of these firms do not allow users to move their digital money to other platforms. Revolut, a London-based banking app, initially took this approach as well, but is now looking to change form. Revolut Is Changing How It...

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...