Bitcoin has been doing extremely well as of late. At the time of writing, the world’s number one digital currency by market cap has shot beyond the $56,000 mark, and it looks like the currency isn’t set to slow its momentum anytime soon.Bitcoin Is Continuing to ExplodeRecently, bitcoin moved beyond a $1 trillion market cap, making it more comparable to gold. This is more than double the $500 billion it was at during the early portions of 2021. It has also shot up in price by more than five...
Read More »Canada’s Bitcoin ETF Is Garnering Major Attention
Recently, Live Bitcoin News reported that Canada had introduced the world to the first bitcoin-based exchange-traded fund (ETF). The product has only been around for a few days, and already it’s smashing records and has sold more than $165 million worth of shares through the Canadian stock exchange, otherwise known as the TSX.Canada’s ETF Is Making Headway for Other ProductsA bitcoin ETF has been the envy of every major crypto firm throughout the United States and North America over the past...
Read More »Bill Gates Doesn’t Seem to Think Much of BTC in a New Interview
Bitcoin is doing extremely well as of late, but that’s not changing the minds of certain financial firms and individuals. Among today’s bitcoin doubters is Bill Gates, the software mogul known for creating Microsoft programs.Bill Gates Thinks the World Doesn’t Need BTCIn a recent tweet, Gates puts on an attitude of indifference towards bitcoin, the world’s number one cryptocurrency by market cap. The message reads:I don’t own bitcoin. I’m not short bitcoin, so I’ve taken a neutral view. I do...
Read More »JPMorgan Still Has Attitude of Gloom and Doom Towards BTC
Bitcoin has been doing extremely well as of late, but that’s not stopping financial giants from viewing it in a bad light. One of those doubters is JPMorgan, who recently claimed in a new report that bitcoin was never going to hit $40,000 again. The world’s number one digital currency by market cap ultimately proved the company wrong and is trading for more than $52,000 per unit at the time of writing.JPMorgan Thinks Things Will Go Wrong with BTCNow, JPMorgan has issued a statement claiming...
Read More »Survey Suggests Bitcoin Is Not Attractive to Nearly 85% of Financial Heads
Bitcoin is doing extremely well as of late. It has recently crossed the $51,000 line, and it appears to be staying there. Several institutions and major tech industry players have been investing in the asset and seem to be viewing it through a rather positive lens, but this isn’t changing the minds of most financial executives when it comes to BTC and crypto.Bitcoin Is Doing Well, but It’s Not Loved By EveryoneIn a recent survey, only 16 percent of the world’s primary financial heads say they...
Read More »Bitcoin Moves Past $50,000 Again, Only This Time, It’s Staying There
At the time of writing, bitcoin – the world’s number one digital currency by market cap – has surged to a new all-time high, having broken $50,000 and now trading for just over $51,000. To be fair, the asset has done this once or twice in the past, but it was always followed by a quick drop to the high $48,000 range, suggesting that bitcoin either didn’t have the momentum we all thought it did yet, or the change happened way too fast.Bitcoin Has Shot Up AgainBitcoin has shown in previous...
Read More »YouTuber Jake Paul Is in Talks to Establish His Own Virtual Currency
Cryptocurrency has been all the rage as of late. Many celebrities – from rapper Jay-Z to Twitter head Jack Dorsey – have been consistently jumping onboard, and it looks like Jake Paul – a renowned star of the video and content sharing website YouTube – has been in talks to develop his own cryptocurrency with fellow YouTuber Ben Phillips.Jake Paul Is Clearly a Crypto FanIn a recent interview, Paul commented that no plans have been fully established yet. He also says that this would not be some...
Read More »Bitcoin Spikes to $50,000 Per Coin, but the Momentum Fails to Last
For the first time in history, bitcoin – the world’s number one digital currency by market cap – has surged beyond the $50,000 mark. At press time, the currency has fallen a bit and is now trading in the high $48,000 range, though early this morning, the asset did strike a chord that everyone has been actively anticipating for some time.Bitcoin Has Reached a New MilestoneThe globe’s primary cryptocurrency has been surging since last October. Following an incredibly bearish September, the...
Read More »Adam Malolsepszy Finally Enters the BTC Foray After Years of Financial Experience
At the time of writing, bitcoin – the world’s number one digital currency by market cap – has slunk back a bit from its recent $50,000 excursion. That’s right… The world’s primary digital asset hit the $50K mark early this morning, though at press time, it has seemingly fallen back to a little over $48,000. However, Adam Malolsepszy – a 26-year-old who used to work in the finance industry – is finally embracing the asset for what it is and choosing to get involved.Adam Malolsepszy Steps...
Read More »James Bullard: Bitcoin Will Never Ever Replace the Dollar
When bitcoin and cryptocurrencies were first created, they were made to potentially replace fiat. The fact is that the Great Recession – which is when bitcoin was first introduced to the world – brought a lot of people’s confidence in standard money and institutions down, and cryptocurrency could have possibly served as the answer they were looking for. However, according to James Bullard – the St. Louis Federal Reserve president – the idea of crypto replacing standard fiat is never going to...
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