Tag Archives: Bitcoin News

Bitcoin is doing well as of late, and many analysts – including former Coinbase chief technology officer Balaji Srinivasan – believe the currency is going to hit unprecedented levels within the next few months. Balaji Srinivasan Is a Big Bitcoin Believer In a recent interview, Srinivasan said that hyperinflation could cause bitcoin to hit a price of about $1 million per unit. The clincher? He thinks this could happen as early as June of this year. For that to occur,...

The banking sector is burning up as of late, and the situation is allowing bitcoin to surge like crazy. At the time of this writing, bitcoin has moved beyond the $28,000 per unit mark, the highest it’s been since June of 2022. Bitcoin Rose Beyond $28K The news is crazy in that 2023, in many ways, is turning into another version of 2019. As we all remember during that year, bitcoin incurred a certain degree of healing following the heavy blows and wounds it experienced in...

The Grayscale Investments Bitcoin Trust has seen its shares jump heavily in price over the last few weeks as its court case against the Securities and Exchange Commission (SEC) appears to move more heavily in its favor. Grayscale Heats Up Its Fight Against the SEC Grayscale is currently at war with the SEC. The latter agency has done all it can over the last six years to penalize crypto companies that don’t move in tandem with its narrative. The goal was initially to...

Silicon Valley Bank is in the process of filing bankruptcy, bringing back rough memories of the FTX debacle five months ago. However, the effects appear to be the opposite of what they were back in November. During that time, bitcoin and its altcoin cousins fell to new lows, whereas this time around, bitcoin and several of its counterparts appear to be surging like crazy. Silicon Valley Dips While BTC Rises At the time of writing, BTC – the world’s number one...

Nevada Attorney General Aaron Ford has sworn to protect all residents of his state from crypto scams, and he’s putting out notices to everyone to tell them what they can do to avoid becoming victims. Aaron Ford Vows to Protect People of His State In a recent statement, Ford commented: The safety of Nevada consumers is a top priority at my office. As technology becomes an increasingly integral part of our lives, scams involving digital currency are becoming more...

Chip Mixer – a notorious crypto tool designed to hide where digital currencies have been garnered or who they’re being used by – has been shut down by authorities with the Department of Justice (DOJ). At the time of writing, it is believed the tool allowed cyberthieves and assorted criminals to launder as much as $3 billion in illicit digital funds. Chip Mixer Is No More The DOJ also put out a statement claiming to have shuttered two sites associated with Chip Mixer...

Roughly 3,000 people in Africa have adopted bitcoin in recent weeks and months. The big clincher? Many of these people don’t have access to the internet, and bitcoin is “internet money.” In other words, if you don’t have access to the World Wide Web, then you likely can’t access your digital wallet, exchanges, or other trading tools that will grant you the power to trade, sell, and buy crypto. Africa Sure Loves Its Crypto The tool behind all this is called Machankura....

Senators in the U.S. say if Congress is going to get serious about establishing crypto regulations, they need to be bipartisan. This means both democrats and republicans need to agree on how the rules should play out and what they should accomplish. Congress Needs to Find Common Ground Over the last six years, one can easily say that both sides of the political spectrum have been at war with each other. It’s an ugly sight, in many ways. Both democrats and republicans are...

Mike Novogratz – a bitcoin bull, billionaire investor, and the man behind Galaxy Digital – says if there was ever a time for residents of the United States to get involved in bitcoin, that time has come. Mike Novogratz on the State of the U.S. and Bitcon Novogratz is terribly concerned that another major financial collapse – similar to the one seen in 2008 – is coming. He believes the fall of three of the country’s biggest banks (Silicon Valley, Signature, and...

The Securities and Exchange Commission (SEC) has made a lot of enemies in the crypto and investment worlds over the past several years, with several digital asset companies claiming that the company has a ruleset all its own and that it has too much power and pleasure in prosecuting firms it believes go against its narrative. The SEC Is Going After All These Firms Among the people who feel this way about the SEC is the head of policy at venture capitalist Andreessen...