Tag Archives: Bitcoin

Interactive Brokers Group Inc. – a trading firm based in Greenwich, Connecticut – is opening its new cryptocurrency division. Interactive Brokers Says “Yes” to Digital Currency Customers of the firm will soon be able to trade and buy up to four different cryptocurrencies. They are bitcoin, bitcoin cash, Ethereum, and Litecoin. The company has stated that competition is growing given that many standard banks, hedge funds, and financial institutions are seeing their...

Known software firm and institutional bitcoin investing company MicroStrategy has just purchased more than 5,000 additional units of bitcoin for a whopping $242.9 million. At the time of writing, the company – following this recent purchase – owns close to $6 billion in BTC, the world’s leading digital currency by market cap. MicroStrategy Just Keeps Buying Bitcoin In a filing documented earlier this week, it was recorded that MicroStrategy purchased as many as 5,050...

The price of bitcoin has taken a bit of a dip over the past few days. The world’s number one digital asset – which was trading for over $45,000 per unit late last week – is now trading in the high $43,000 range, meaning that the currency has lost a couple thousand dollars in a short period, and it looks like whales are trying to take advantage of the situation. Whales Are Buying Up All They Can Whales are individuals that are classified as “big bitcoin owners,” for lack...

El Salvador has announced that foreign bitcoin investors will not have to pay tax on the profits they make through cryptocurrency transactions. El Salvador Makes Things Easy for Foreign BTC Investors The news comes just a little over a week after the Central American nation declared bitcoin legal tender. El Salvador is the first nation to make such a move, and now it looks like several others – such as Paraguay – are interested in following in the country’s footsteps....

The number of charities and non-profit organizations accepting crypto continues to grow, and now it looks like the Autism Science Foundation (ASF) has become the latest firm to say “yes” to BTC. You Can Fight Autism Through Crypto Donations If you’ve ever fancied using bitcoin to combat one of the world’s biggest issues, now may be the time. The ASF – a non-profit that seeks continued funding to research autism – says it is now accepting cryptocurrency donations to help...

Bitcoin price started an upside correction from the $42,800 zone against the US Dollar. The price is now trading above $47,000 and the 55 simple moving average (4-hours). There was a break above a major declining channel with resistance near $46,550 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair must settle above $47,450 to continue higher towards $50,000 in the near term. Bitcoin price is recovering higher above $47,000 against the US...

According to a new YouGov poll, approximately one quarter of the people living in the United States are all for making bitcoin legal tender in the country. The Poll Shows One Quarter Are in Favor of BTC Spending The news comes after El Salvador became the first nation to instill BTC as legal tender on September 7. The country has long been dependent on USD, the native currency of the U.S. However, the nation appears to be interested in financial independence and is now...

Leon Cooperman – a billionaire investor and the chairman of the Omega Investors – stated in a recent interview that anyone who doesn’t understand bitcoin is likely to be “old,” and that those who don’t trust it may take solace in gold, the world’s number one precious metal. Leon Cooperman – BTC May Not Be as Strong as Gold There has been an argument brewing for some time regarding which asset is better: bitcoin or gold. Many people often compare bitcoin with gold and...

Ukraine is now the latest country in the world to legalize and regulate bitcoin and cryptocurrency. Up until this point, the world’s number one digital asset has existed in something of a gray space within the country’s borders, but now it looks like the nation is moving forward with BTC use, suggesting that the asset is becoming far more mainstream and legitimate. Ukraine Says “Yes” to Crypto The Parliament of Ukraine voted unanimously to not only permit bitcoin...

One of the big reasons why Nayib Bukele – president of El Salvador – is pushing bitcoin so much is because he thinks it will lessen remittance fees. According to a new study, the implementation of bitcoin in the Central American country could wind up costing Western Union about $400 million each year. El Salvador Could See Its Remittance System Change for the Better Jaimie Garcia, a Salvadorian who fled to Canada at the age of 11, has been living abroad for some time...