Tag Archives: Bitcoin

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...

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....

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...

Bitcoin price is trading in a positive zone from the $29,250 support against the US Dollar. The price is now trading above $29,500 and the 55 simple moving average (4 hours). There is a key contracting triangle forming with resistance near $30,400 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it clears the $30,400 resistance zone. Bitcoin price is rising from $29,250 against the US Dollar. BTC might eye...

A new brand of NFTs is stemming from the bitcoin blockchain, and things are going quite well for the series. Bitcoin NFTs Are Getting Bigger and Bigger The news is unique in that most of the time, NFTs (pixelated art tokens) are built atop the Ethereum blockchain. ETH has long been the most popular network for developers looking to utilize the network’s smart contract capabilities to establish applications, new coins, and other products. However, bitcoin – while...

The recent price revival of bitcoin has got everyone feeling hopeful again. So much, in fact, that bitcoin is (for the umpteenth time) being labeled digital gold. The Reputation of Bitcoin Is Again Reaching a High Point The price of bitcoin recently rose beyond the $26,000 mark. The news was interesting and odd in many ways given it was happening during a time when several banks (Silvergate, Signature, Silicon Valley, etc.) were crashing and burning. In addition, these...

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...

A bitcoin miner is getting a huge reward at the time of writing after beating out his fellow miners to add bitcoin block 780,112 to the blockchain. A Bitcoin Miner Is Getting a Huge Reward At press time, the person in question is receiving a total of $148,000 in BTC. This consists of a 6.25 BTC reward along with an additional fee payment of 0.63 in bitcoin for the work he’s completed. The miner beat the odds in many ways given how many others were working to resolve the...