Tag Archives: Bitcoin News

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...

Ned Segal – the CFO of Twitter, the second-largest social media platform in the world – says that the company is potentially looking into adding bitcoin to its official finance roster, thereby allowing payments to be made in the world’s number one digital currency by market cap.Twitter Could Be the Next Big BTC Payment ProviderSegal says that nothing is set in stone yet, though if Twitter were to make this decision in the coming weeks or months, it shouldn’t be a surprise to digital traders....

Mark Cuban is back in the news talking about bitcoin. In the past, Cuban has been relatively lukewarm when it comes to the world’s number one digital currency by market cap. While the basketball team he owns – the Dallas Mavericks – will accept crypto payments for merchandise and tickets, Cuban himself doesn’t always see value in digital assets.Mark Cuban Has Mixed Thoughts on BTCNow, in a new interview, the billionaire stockholder claims that bitcoin will never be a valid currency, and he...

Jim Cramer – host of the show “Mad Money” on CNBC – has stated in a recent interview that he does, indeed, own some bitcoin, and that he sees it as a powerful alternative to cash and fiat currencies.Jim Cramer Admits to Being a BTC OwnerDuring the chat, he commented that the days of keeping hordes of cash in the bank are coming to an end. While he still believes fiat has some value, he says that simply keeping it in a savings account somewhere isn’t going to do much for people. These accounts...

Everyone is talking about Tesla and bitcoin. While the news is more than 48 hours old, many are commenting that the latest move from the electric car company and its CEO Elon Musk is going to mark a significant time for the world’s leading digital currency by market cap.Tesla and Bitcoin Are Becoming the Perfect MatchThe currency has been making real waves for itself in the land of institutional investors, many of whom now see BTC as a hedge tool or store of wealth rather than just a...

For anyone who had doubted bitcoin in the past, now is the time to feel foolish considering the world’s number one digital currency by market cap has just incurred another major surge that sees it trading at a new all-time high of roughly $47,000.Bitcoin Just Keeps Heading HigherThis is about $5,000 more than where it was trading just 24 hours ago. The currency is experiencing another major burst after it was announced that Tesla – the electric car company owned and run by South African...