Tag Archives: Bitcoin News

Oh Dave Portnoy, what happened? You went from being a major bitcoin advocate and now you seem to hate it. What made you change your mind so drastically?Dave Portnoy Switches on BitcoinAs we all remember, it was a big deal in August of this year when the Winklevoss Twins of the Gemini Exchange in New York decided to explain bitcoin to Portnoy after he admitted to having no idea what it was or how it worked on his podcast. After a few hours with the Twins, it was estimated that gold would...

Cryptocurrency is growing in popularity amongst traders and investors, but according to a new report issued by the Bank of Canada, most people that own cryptocurrency don’t really understand it, and are simply getting involved as a means of taking part in a trend.Bank of Canada: Financially Illiterate People Are Likely to Get Involved in BTCThe report says that people who are financially illiterate are far more likely to hold cryptocurrency than those that have been investing or trading for a...

Twitter says it is ramping up security following the major hack that occurred several months ago.Twitter Says Its Fixing Up Its SecurityWhile not much money was stolen, it was scary to see the accounts of such high-profile people get overtaken by a small string of hackers. Some of the people involved in the scam were Jeff Bezos of Amazon fame, Elon Musk (CEO of both SpaceX and Tesla), former president Barack Obama and Microsoft mogul Bill Gates.To be fair, these figures themselves were not...

Over the past few days, Live Bitcoin News has discussed the fact that India may be entering its second crypto lockdown. This time, however, regulators are looking to do more than just ban regular banks and financial firms from doing business with crypto enterprises. They’re looking to ensure nobody – and we mean nobody – can ever trade, buy or sell digital currency units again.India Is Turning to DeFi for Its Crypto NeedsThey’re talking about an entire bitcoin ban. At the time of writing,...

So, where should bitcoin be at the present time, exactly? This appears to be a heavy argument that analysts are having. They are split right down the middle when it comes to deciding if bitcoin should be bullish or bearish.Bitcoin Is Bearish, but Perhaps It Should Be Higher?The currency has not had a good month in September. While most of August saw the asset climbing up towards the $12,000 mark – the currency ultimately hit $12,400 by the time the month ceased – bitcoin has spent the last...

Stakeholders in the company Buy U Coin have come together for a single purpose – to introduce solid legislation that would regulate the bitcoin industry of India.Will India Have a Change of Heart?As it turns out, India is once again considering a bitcoin ban. While the asset has never been officially banned in the past, the country has come close once or twice to initiating such a plan, and the nation was quick to ensure all its financial institutions were not permitted to do business with...

The bitcoin space is being infiltrated by institutional players everywhere, the biggest one as of late being MicroStrategy, which has invested in more than $400 million in BTC over the past month.MicroStrategy Is Pushing the BTC EnvelopeMicroStrategy claimed that it was purchasing the BTC as a means of protecting itself against a weakening US dollar. Many now view bitcoin as something that can keep their wealth safe during times of economic strife. What’s interesting, however, is that several...

Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 978. Im heutigen Video geht’s um folgende Themen: Gold ist nutzloses Zeug ohne Rendite, Bitcoin ist nur ein Ponzi System & FastBitcoins schließt Deal mit Prepaid-Gutscheingiganten Flexepin. 1.) ZEIT hetzt gegen Gold, will Handelsverbothttps://www.mmnews.de/gold/151699-zeit-hetzt-gegen-gold-will-handelsverbot 2.) Dave Portnoy meets Pomp: ‘Bitcoin is just one big Ponzi...

Michael Saylor – the CEO of MicroStrategy, which recently purchased more than $400 million in bitcoin – has stated that holding BTC is far less risky than holding cash or even gold.Michael Saylor Is Clearly a Fan of BTCThis is an interesting statement to make as over the last several years, bitcoin and crypto – despite being designed as tools for purchasing goods and services – have been considered far less stable than traditional assets such as stocks and gold, and nowhere near as strong as...

Bitcoin is presently trading for about $10,500, which is roughly $100 more than where it’s stood over the past few days, but it’s not quite where we’d like it to be. The fact is that bitcoin hit $11,000 again about 72 hours ago and has failed to keep up that momentum.Bitcoin Is Struggling as of LateThere are many things that appear to be affecting bitcoin, one being the correlation between it and the stock market. As stocks are taking massive tumbles, bitcoin is also suffering, and so long as...