Tag Archives: Bitcoin

The city of Jackson, Tennessee is introducing a new program that will allow city workers to accept their paychecks in the form of cryptocurrency. Jackson Is Taking a Digital Route This will be the first time an American city has ever worked such a program into its payroll system. City employees who take part in it will be permitted to accept cryptocurrency for the work they do according to Mayor Scott Conger, who is the man behind the new initiative. He’s confident that...

Senators Pat Toomey and Cynthia Lummis should sound familiar to most crypto fans out there. They are both Republicans from the states of Pennsylvania and Wyoming respectively, and they are both doing all they can to raise awareness regarding crypto in America. They both sit on the Senate Banking Committee and are some of the only members of Congress who own crypto. Some Members of Congress Are Very Excited About Crypto At the time of writing, it is estimated that Lummis...

Crypto prices are falling heavily at press time, with bitcoin – the world’s number one digital currency by market cap – dipping into the low $46,000 range. Bitcoin Is Having an End-of-Year Crisis The slide in crypto prices began a couple weeks ago, with many analysts blaming the new surge in COVID cases for the dip amongst digital currencies. Since last week alone, bitcoin has fallen by more than three percent, while other competing altcoins such as Ethereum have fallen...

Bitcoin price started a decent recovery from the $45,500 zone against the US Dollar. The price is now trading above $48,000 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $48,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could accelerate higher if it clears the $50,000 resistance zone. Bitcoin price is rising above $48,000 against the US Dollar. BTC might continue to...

Bitcoin has come a long way in a relatively short period, but for some, the world’s number one digital currency by market cap has no place in the future of finance. They are convinced the currency will not last much longer. That’s a direct quote from Eswar Prasad, the senior professor of international trade policy at Cornell University. Eswar Prasad Thinks Bitcoin Doesn’t Have Much Going for It Bitcoin first emerged through a whitepaper that was published in the year...

Grupo Elektra – a company headquartered in Mexico – has announced that it will begin accepting bitcoin as a form of payment. Users can now make purchases with the world’s number one digital currency by market cap, bringing the asset closer to its initial goal. Grupo Elektra Is Willing to Take a Chance on BTC The news is big in that bitcoin and many other forms of crypto were initially designed to serve as payment methods. They were built to push things like checks,...

Billionaire investor Ray Dalio says he’s uber impressed with bitcoin given it has been around for so long. The currency was first introduced in 2008 through a whitepaper and was mined for the first time in early 2009. Who would have known that a simple asset would become one of the most powerful financial tools in the world just a dozen years later? Ray Dalio: Bitcoin Has Come a Long Way In some recent interviews, Dalio said the following about bitcoin and its respective...

Michael Saylor – the CEO of software giant MicroStrategy – has commented that bitcoin doesn’t need help from people like Warren Buffett to really be successful. Warren Buffett On Bitcoin… It Ain’t Good In the past, Buffett – the CEO of real estate company Berkshire Hathaway – has been rather dismissive of bitcoin, comparing it to a button on his shirt and even calling it “rat poison squared” at one point. No doubt the man has a serious hate for the world’s number one...

2021 was the year of bitcoin. There’s no doubt about that, but now that 2022 is coming into the mix, many analysts think this is the time for other assets and blockchain systems to step up and take over. Bitcoin Was Big, but It May Have Reached Its Peak Bitcoin was big over these last 12 months. Between the new bitcoin-based exchange-traded fund (ETF) from Pro Shares and the all-time highs it managed to reach, bitcoin exploded beyond what anyone thought was imaginable....

Bitcoin IRA – a retirement company that allows investors to add crypto like bitcoin and Ethereum to their 401K portfolios – has completed a survey that suggests one in three people believe bitcoin is going to hit the six-figure mark in 2022. Bitcoin IRA and Its Customers Suggest Bit BTC Money in 2022 Bitcoin has come a long way in the 12 years it’s been around. Starting out as a simple whitepaper topic, bitcoin was first mined in January 2009, and the subject of digital...