Tag Archives: Bitcoin News

Ray Dalio has become a bitcoin fan in recent months. Following the cryptocurrency’s meteoric surge beyond $50,000, the economist from Bridgewater Associates believes that the currency is making serious waves in the financial industry. Why then does he suddenly feel it’s at risk of getting banned? Ray Dalio: The Government May Try to Outlaw Bitcoin In a recent interview, Dalio claimed that bitcoin could incur the same “outlaw status” that gold did in the early 1930s, and...

Do you live in America and you fancy purchasing a Tesla? If so, you can now buy the car utilizing bitcoin, the world’s number one digital currency by market cap. The asset is accepted as a form of payment thanks to the efforts of Elon Musk, who has become a serious bitcoin bull over the past few months. Elon Musk Permits Bitcoin Payments for Tesla Cars The move is primarily an effort for the company to get its fingers on a lot more crypto. Last February, the electric...

Silvergate Capital Corporation is joining hands with Coinbase Custody – a division of the popular American cryptocurrency trading platform – to provide crypto loan services to its growing list of eligible customers. Coinbase Custody Is Paired with SEN Leverage Coinbase will largely be tasked with overseeing capital through Silvergate’s division SEN Leverage, which provides U.S. dollar loans that are “collateralized” by bitcoin. In other words, while the loans are...

Bitcoin has always been marred by its volatility, and according to technical analyst Ari Wald of Oppenheimer, this isn’t going to stop anytime soon. Ari Wald Doesn’t Think BTC’s Volatility Will End Bitcoin is the world’s largest and most popular cryptocurrency by market cap. The asset was first introduced to the public about 12 years ago and has, to be fair, come a long way since then, but it’s certainly had its share of problems – problems that have ultimately prevented...

Bitcoin has taken a nasty hit in recent days. The world’s number one digital currency by market cap – which was previously trading in the $58,000 and $59,000 ranges – has stumbled backwards and is now trading for around $55,000. Earlier today, we published an article suggesting that the expiration of various bitcoin options was to blame, though there may have been another contributing factor. Jerome Powell – chair of the Federal Reserve – released an official statement...

Where the heck is bitcoin planning to go in the coming weeks? The number one cryptocurrency by market cap has decided to take a turn for the worse, diving into $55,000 territory after trading for $58,000 or $59,000 for the past several days, and it looks like many analysts are torn on whether the world’s primary digital asset will continue to go south or get back to its winning ways. Bitcoin Has Dug Itself Into a Hole It appears one of the big contributing factors to...

Minnesota Republican Tom Emmer believes that bitcoin and cryptocurrency are the future of money, and he’s trying hard to get the rest of his congressional colleagues to wake up and see the light on digital assets. Tom Emmer Is a Big Crypto Fan In a recent interview, Emmer commented that he was first intrigued by digital currencies several years ago, saying they appealed to the “libertarian” in him. He is now pushing for further digital currency acceptance and believes...

The world of cryptocurrency scams is expanding like there’s no tomorrow. Vancouver police have just issued a warning after the emergence of two new digital currency-based scams that have already stolen as much as $2 million over the past few weeks. Crypto Scams Are a Big Deal This month, we have seen more evidence of cryptocurrency scams entering our midst. One man claims to have lost hundreds of thousands of dollars to one such venture that involved a Twitter account...

Bitcoin has been taking a lot of guff in that it allegedly leaves behind a serious carbon footprint. Many new reports have emerged over the past week claiming the process of extracting new coins does heavy damage to our environment and that it uses more energy than various countries. However, according to figures like Mike Coyler – chief executive of Foundry – bitcoin can somehow serve as a link between present energy and renewable energy, and perhaps the nasty,...

Popular trading app Robinhood has announced it’s looking to add a healthy number of staff members to its cryptocurrency department due to the increasing demand for and interest in digital currencies. Robinhood Will Build on Its Digital Currency Offerings Crypto has no doubt come a long way over the past several months. Bitcoin, for example, was initially trading for less than $4,000 during March of last year. Today, it is worth nearly $60,000. The currency has...