Tag Archives: Bitcoin News

Not long ago, it was being discussed if 2021 would be the year in which a bitcoin-based exchange-traded fund (ETF) would finally be introduced. The product has experienced heavy delays and angry looks from organizations such as the Securities and Exchange Commission (SEC), which claims that bitcoin is too volatile and too vulnerable to fraud and other security issues to ever serve as the basis of an ETF.Canada Will Give the World Its First Bitcoin ETFNow, however, it looks like the way is...

Rapper Jay-Z – along with Square and Twitter CEO Jack Dorsey – are working together to bring more public awareness to bitcoin. The two have partnered up to create a new fund dedicated to the world’s leading digital currency by market cap.Jack Dorsey and Jay-Z Are Working Towards a World of BTCAs part of the project, each figure is giving approximately 500 bitcoin units to a new endowment that’s being called “Btrust.” The money will be used to establish new blockchain firms in both Africa and...

Ever since Tesla purchased more than $1.5 billion worth of bitcoin last week, many more large-scale companies are getting the confidence they need to either examine bitcoin payments or invest in the currency outright. The latest major firm to jump on the bitcoin bandwagon is driving service Uber, which says that it’s considering allowing BTC payments in the future.Uber Is Hopping Aboard the Bitcoin TrainThe idea of bitcoin and cryptocurrency payments has been something of a conundrum over the...

It has become clear that no matter how well bitcoin does, now matter how far it goes or how high its price spikes, there will always be doubters. Nouriel Roubini – often called “Dr. Doom” thanks to his gloomy ideas surrounding the future of crypto – is proof of this.Nouriel Roubini Is Back to His Negative WaysThe recent purchase of approximately $1.5 billion worth of bitcoin by leading car company Tesla has got everyone talking. Traders believe that the move is likely to set bitcoin on an...

Could 2021 finally bring a bitcoin exchange-traded fund (ETF) to life?Is a Bitcoin ETF Heading Our Way?For as long as bitcoin has existed, traders have been waiting with bated breath for a bitcoin ETF. This, in their minds, would bring the asset fully into mainstream territory, but unfortunately, its volatility has long gotten in the way and prevented the currency from attaining the attention it deserves. Several companies have tried and failed to establish a bitcoin ETF for traders to enjoy,...

The recent news regarding Tesla’s big bitcoin purchase appears to have every major company and financial organization thinking about digital currency. The latest one with bitcoin on the brain is New York-based BNY Mellon, one of the largest and oldest banks in the United States.BNY Mellon Is Offering the Crypto World More LegitimacyBNY Mellon currently manages more than $2 trillion in assets, though up to this point, none have been digital. Now, the company says it will begin holding bitcoin...

It’s getting harder and harder to doubt bitcoin. Yes, the currency remains rather volatile and vulnerable to outside market factors. Yes, the route towards establishing bitcoin as a payment currency has been rather rough, but the fact is that BTC has come quite a way since it was first established over ten years ago. The currency has been on a serious bull run for roughly one year, and analysts can’t see this run coming to an end anytime soon.Bitcoin Has Come a Long WayIt is estimated that...

At the time of writing, bitcoin – the world’s largest and most powerful digital currency by market cap – has experienced a bit of drop and is now trading for roughly $44,000 per unit.Bitcoin Has Experienced a Slight DropWhile this still may seem like a big number in anybody’s eyes, the fact is that just a few days ago, the currency was selling for roughly $47,000, about $3,000 higher than where it stands now. What this shows us it that bitcoin is still vulnerable to market-related news and...

Tesla has just bought a whole lot of bitcoin for itself, but according to a report by JPMorgan, people shouldn’t expect this move to be repeated by other major companies, as bitcoin is still too volatile to take seriously.JPMorgan Is Doubtful That Tesla Made Any Serious HeadwayThe electric car company owned and operated by South African entrepreneur Elon Musk recently made a real dent in the crypto space when it decided to purchase roughly $1.5 billion worth of the world’s number one digital...

Bitcoin is making a huge mark on the financial industry as of late. This is potentially due to recent activity from electric car company Tesla, which has purchased as much as $1.5 billion worth of the currency in the past week. The company is also looking into possibly allowing bitcoin as a method of payment for goods and services. General Motors – one of Tesla’s biggest competitors – has now come out to say that while it won’t be investing in the digital asset anytime soon, it will closely...