Tag Archives: Bitcoin News

Despite all the craziness surrounding some of America’s banks (i.e., Signature, etc.), bitcoin is defying all odds and rising like nobody thought possible during times like these. Bitcoin Is Defying All Expectations At the time of writing, bitcoin has shot beyond the $26,500 mark, and some analysts believe it’s on its way to $30,000 per unit. The currency has risen by more than 15 percent in just a matter of days, and the news appears to stem from the low inflation...

Three major financial closures happened over the course of two weeks in mid-March. The institutions that shut their doors were Signature Bank, Silicon Valley Bank, and Silvergate. Despite all this, crypto assets like bitcoin appear to be rallying. Bitcoin Is Doing Well Despite Bank Turmoil Many analysts are offering different thoughts on the situation, one of which is Alex Kuptsikevich, a senior market analyst at FX Pro. He mentioned in a statement: Bitcoin faces an...

Another major bank has closed. This time, the victim is crypto institution Signature Bank, which is the last major digital currency bank in the U.S. Signature Bank Is Latest Financial Firm to Shut Down The fall of Signature is the third major crumbling over the course of a few weeks. The first was Silvergate, which was later followed by Silicon Valley Bank. The real scary aspect regarding Signature was that it housed many of the world’s USDC units, which is a stable...

Bitcoin is truly an amazing asset. No matter what happens in the economy, no matter how bad things get, the world’s number one digital currency by market cap is still striving to do as well as it can, and its recent price rally – despite the collapse of financial institutions such as Silvergate and Silicon Valley Bank – is proof of this. Bitcoin Continues to Impress Us All To be fair, bitcoin has received a fair bit of support given that these banks and others like them...

Binance – the world’s largest and most popular crypto exchange – is unveiling a new prepaid crypto-based credit card to be utilized by consumers in regions like Colombia. The New Binance Card Will Be for Latin American Use The South American nation has become one of the biggest adopters of bitcoin and other digital currencies in recent years. It is the third most active member of Latin America when it comes to crypto trading and related activities. Number one is...

Republican governor Kristi Noem of South Dakota has vetoed a bill that would have established a central bank digital currency (CBDC) as a legitimate form of money without recognizing assets like BTC and Ethereum. Kristi Noem Shoves the Bill Aside In a recent statement, Noem commented: At this moment in time, such a government-backed electronic currency has not yet been created. More importantly, South Dakota should not open the door to a potential future overreach by the...

A Bitcoin futures index in Argentina is a huge relief as the country is currently struggling with high inflation. CNV, The securities regulator in Argentina, has approved a Bitcoin futures index on a local exchange. Following the approval, the Bitcoin futures index will launch in Argentina in May on Matba Rofex. The exchange got the green light to roll out the Bitcoin futures next month, boasting as the first Latin American exchange to onboard such a product. Authorizing the Bitcoin-based...

The concert venue at Planet Hollywood in Las Vegas, Nevada has long been known as the Zappos Theater. The name, of course, stems from the famous online shoe company in which you can purchase any pair of shoes via the internet and have it delivered to your doorstep. Planet Hollywood and Bakkt Are Now Working Together Now, it appears the Planet Hollywood theater is going to have a new name, one that centers around a popular digital currency platform. The theater will be...

Some of the major features of the lightning network by Lightspark are its security and reliability. It presents itself as a secure infrastructure for enterprise-grade payments. Bitcoin tech infrastructure company Lightspark has unveiled a lightning platform for businesses. Lightspark was created in 2022 to power payments on the lightning network and has been quiet since its introduction last year. The company was developed to “explore, build and extend the capabilities and utility of...

Leading digital asset Bitcoin hit $30K for the first time in almost a year amid prevalent gains in crypto stocks. Crypto stocks are rising, with players Marathon Digital Holdings (NASDAQ: MARA) and Riot Platforms (NASDAQ: RIOT) leading gains. The duo is trading up at 11% and 15%, respectively, with prominent coin Bitcoin (BTC) also changing hands at $30K. As it stands, BTC price is up by more than 80% so far this year. Besides MARA and RIOT, other smaller crypto stocks also experienced...