Tag Archives: Bitcoin

At the time of writing, the price of bitcoin is up another $200. The currency is now trading for over $11,500, marking the coin’s highest peak in well over a month.Bitcoin Has Reached a New HighThe currency is recovering from a rather lackluster September that saw the asset lose roughly $2,000 off its price. Bitcoin hit the mid-$12,000 range in late August, though by the time the new month began, the currency had fallen to about $10,100. The asset hovered here for some time, eventually...

Former Facebook executive Chamath Palihapitiya says that bitcoin is the only insurance policy available today against inflation and other economic strife.Palihapitiya: We All Need Some BitcoinIn a recent interview, Palihapitiya commented that while many bitcoin advocates are struggling to understand who is better for the economy in this coming election – either Trump or Biden – he says that neither candidate will do well for the U.S. dollar. In a classic prediction of gloom and doom, he...

It looks like Square and bitcoin are really complementing each other. After the company had purchased roughly $50 million in bitcoin units, the firm’s stock shares have reached an all-time high, and it looks like bitcoin is beginning to pull itself out of its September doldrums and reach for the stars once again, having hit a price of roughly $11,300 at the time of writing, the highest it’s been in over a month.Square Stock Reaches Its Highest PeakSquare commented that it initially bought...

Billionaire investor Jeff Gundlach – who has since garnered a reputation for being a “bond king” – has laid out his thoughts regarding bitcoin and today’s financial markets. While he denies being a legitimate “bitcoin hater,” it’s clear from his recent words that he doesn’t believe in it, and he’s convinced that the cryptocurrency is nothing like what it’s fans claim it to be.Jeff Gundlach Doesn’t Believe in BTCIn a recent interview, he commented:I don’t believe in bitcoin. I think it’s a...

At the time of writing, the price of bitcoin has shot up by more than $300. It’s often been reported that September is a naturally bearish month for bitcoin and several other assets, but that it will usually fail to have any lasting effect on the price of the currency. It will not carry anything into the fourth quarter, and thus far, things are playing out as normal.Bitcoin Is Up Even More TodayThere is more good news in that it looks like bitcoin is becoming far more mature and much more...

Bitcoin has once again shot past the $11,000 mark. This is the first time the world’s number one cryptocurrency by market cap has hit this number since September 19. While it’s easy to get excited at first, many crypto enthusiasts are likely wondering, “Will this figure last?”Will Bitcoin Retain This Momentum?The world’s primary form of cryptocurrency has experienced a rough 40 days. From the end of August through early October, bitcoin has suffered under the crippling bearishness of...

Over the past month, bitcoin has entered something of a bearish state, and has been struggling heavily. The currency initially reached the $12,000 line in August and had most traders excited for the future. Sadly, it looks like the currency has hit something of a snag ever since, and ultimately lost more than $2,000 from that price. While the currency has recovered somewhat and is now trading for about $10,700, this figure isn’t quite what traders had in mind, and we all know bitcoin could be...

Goldman Sachs has hinted that it’s looking to boost its bitcoin holdings and potentially move forward when it comes to understanding, learning about and holding BTC in the future.Goldman Sachs Has Had a Mixed Relationship with BTCRegarding cryptocurrencies, Goldman Sachs has been a very hit-and-miss company, often going back and forth between appreciating it and loathing it. Things took a particularly nasty and mixed turn last May when the company announced that it was going to offer a...

Square – which is owned and run by Jack Dorsey of Twitter fame – has announced it just purchased as much as $50 million in bitcoin. The company says that bitcoin represents what it’s all about, and that it’s looking to assure bitcoin always has a place on the world’s financial ladder.Square Just Added BTC To Its PortfolioThus far, the amount of bitcoin that was purchases represents roughly one percent of the total assets owned by Square as of the end of the second quarter this year. The...

Whoever said art and bitcoin don’t go together? One artist is looking to prove that they’re the perfect couple and has taken on a rather ambitious project. Bitcoin consists of roughly 12.3 million nodes, and this artist – known as Robert Alice – has taken the time to hand paint each one of them across a series of 40 separate paintings.Bitcoin Has Led to a Whole New CultureThis was clearly a project that took a long time. Three years to be exact, and one must wonder why an artist would spend...