Tag Archives: Bitcoin

Economist Mohamed El-Erian says he bought and sold bitcoin too early in the crypto game. He also said that while he is open to purchasing the digital asset again, he would only do so during specific times and under specific terms. Mohamed El-Erian Isn’t Against Bitcoin As the chief economic advisor to Allianz, El-Erian says he was largely compelled to buy bitcoin after it struck its first all-time high of roughly $20,000 per unit. He bought the asset during the crypto...

For many, bitcoin has become the prime investment tool. If you want to strike it rich and have all your wealth solidly in one place, one needs to invest in the world’s primary digital currency by market cap. That’s the attitude several traders have, but it’s not shared by all. A few – such as Kyle Bass – believe that the big money has already been made in BTC, and the time has come to move on. Kyle Bass On Bitcoin… It’s Days Are Numbered Bass is the founder and chief...

One of the richest people in the digital currency arena is Sam Bankman-Fried, the CEO and founder of popular cryptocurrency exchange FTX. He says that one of the big things that helps keep him rich is charity and giving away part of his crypto funds to other needy people and industries. This helps him keep his money in check and consistently reminds him about what’s important in life. Sam Bankman-Fried Says Giving Crypto Away Keeps Him Grounded In an interview,...

According to legendary investor Ken Griffin, bitcoin will soon be a thing of the past. The world’s number one digital currency by market cap will eventually be outdone by its main competitor Ethereum, which in turn, will be outdone by a whole new generation of digital currencies. He suggests that this will be a vicious cycle, in which many crypto assets likely will not survive and be replaced by future coins. Ken Griffin Thinks ETH Will Outdo BTC In an interview, Griffin...

A man in Cedar City, Utah has been accused by officials of the Federal Bureau of Investigation (FBI) of paying bitcoin to hitmen granted they would be willing to make two people disappear amidst a custody battle. 41-year-old Christopher Pence has been charged by the U.S. Attorney’s Office in the Northern District of New York and faces a maximum sentence of ten years in prison if convicted. Pence Is Looking at a Lengthy Prison Term According to court documents, Pence was...

Refugees in the Democratic Republic of Congo are turning to bitcoin to ensure their survival following a violent volcanic eruption. How Bitcoin Is Aiding Those Affected By a Volcano The trouble began on May 22 when Mount Nyiragongo erupted, leaving many residents homeless and displaced. Several found themselves stuck in a refugee camp and unable to fend for themselves. No money, no food, no provisions to keep them up to speed. This all changed when Gloire Wanzavalere –...

Bitcoin price started a fresh decline from the $66,000 resistance against the US Dollar. The price is now trading below $62,000 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $62,200 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could accelerate lower if there is a break below the $58,500 support zone. Bitcoin price is gaining pace below $60,000 against the US Dollar. BTC might...

Bitcoin – the world’s number one digital currency by market cap – has hit a new all-time high of roughly $68,000 per unit. Bitcoin Hits a New Peak While the currency is back down in the $67,000 range at the time of writing, we are clearly seeing a strong pattern. 2021 has been the year of all-time highs for bitcoin, as the currency first rose to about $64,000 per unit before stepping back and rescinding some of its gains. The bearish period that came soon after lasted...

If you like steak, shrimp, and beer, you might be able to garner cryptocurrency rewards for purchasing them. Restaurants such as Bubba Gump Shrimp, Morton’s Steakhouse, and the Rainforest Café – all owned by a corporation called Landry’s – are giving customers a chance to earn digital currency rewards whenever they dine in depending on what meals or products they buy. Landry’s Permits BTC Rewards for Buying Shrimp and Steak Landry’s has partnered with the NYDIG to...

Ethereum, over the past few months, has had a habit of garnering more praise and attention than bitcoin, the world’s largest and most popular digital currency by market cap. The currency is now getting even more praise from the likes of Rahul Rai, a digital currency hedge fund manager who believes that the asset will overtake bitcoin as the number one virtual asset before 2023. Ethereum Is Going to Flip BTC, Says Rai Rai thinks Ethereum will potentially hit the number...