Tag Archives: Bitcoin

President Donald Trump is in the news after spending a few months out of the limelight. In a recent interview, Trump took aim at bitcoin, the world’s number one digital currency by market cap, calling it a “scam” and saying that it was a threat to the U.S. dollar. Donald Trump Believes BTC Is a Scam In the interview, Trump says the following: Bitcoin, it just seems like a scam. I do not like it because it is another currency competing against the U.S. dollar. He went on...

Crypto analyst Mike McGlone is predicting that Ethereum, at some point, will likely eclipse bitcoin and become the number one digital currency by market cap. Mike McGlone Thinks Highly of Ethereum As a senior commodity strategist for Bloomberg, McGlone has been following cryptocurrencies for a long time just like the rest of us. In a new report, he details why Ethereum – still only the second largest digital currency in the world at the time of writing – could...

China is moving forward with its anti-crypto attitude. It has now shut down the social media accounts of several bitcoin and cryptocurrency influencers as a means of stopping people from learning about and investing in digital currencies. China Makes Another Anti-Bitcoin Maneuver China has long had an up-and-down relationship with bitcoin. While the country has always been a hotspot for bitcoin and digital currency activity, government officials and regulators have never...

It looks like bitcoin may be losing some of its popularity – at least among hedge funds, according to a new report issued by financial giant Goldman Sachs. Goldman Sachs Says Hedge Funds Now Dislike BTC The volatility of the world’s number one digital currency by market cap is really coming back to bite it in the rear. The asset – which over the past year has earned the attention of major institutions ranging from software firm MicroStrategy to electric vehicle company...

As if MicroStrategy did not already own a ton of bitcoin, the software firm with stock shares trading for nearly $500 at the time of writing has announced it is looking to sell approximately $400 million worth of company debt so it can purchase more BTC units. MicroStrategy Is Looking to Buy More BTC At press time, the company owns more than $2 billion in bitcoin, making it the biggest institutional bitcoin investor in the world. In second place is Tesla, which purchased...

The president of El Salvador in Central America is working hard to make bitcoin legal tender within his country’s borders. Nayib Bukele stated in a recorded message at a recent bitcoin conference in Miami, Florida that he would eventually like to see all citizens paying for goods and services with bitcoin. El Salvador Residents Could Buy Necessities with Bitcoin Soon In his message, Bukele said the following: Next week, I will send to Congress a bill that will make...

Bitcoin price started a fresh decline after it failed to settle above $38,000 against the US Dollar. The price is now trading below the $36,000 zone and the 55 simple moving average (4-hours). There was a break below a major contracting triangle with support near $35,200 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could correct higher, but it is likely to face selling interest near the $35,00 and $36,000 levels. Bitcoin price is showing...

Bitcoin is a volatile asset. We are seeing that now like we have a thousand times before, and this volatility has caused many problems for bitcoin, but per Norway’s finance minister Jan Tore Sanner, this volatility may ultimately disappear in the coming future. Should this ever occur, it would really help cryptocurrencies becomes the mainstream and legitimate assets they have always hoped to be. Jan Tore Sanner: Volatility Must End if BTC Is to Do Anything Big Volatility...

The city of Miami, Florida recently played host to the biggest bitcoin conference the world has ever seen. The event took place between June 3 and June 5 and featured a wide array of speakers and crypto experts including Jack Dorsey of Twitter and Square fame, and, surprisingly, professional skateboard legend Tony Hawk. Tony Hawk Is Interested in Silk Road Hawk does not claim to know everything about crypto or bitcoin, though it was revealed at the event that he invested...

Kevin O’Leary – aka Mr. Wonderful on the program “Shark Tank” – has been one of the biggest advocates of green crypto mining. He has often called out China for its lack of attention towards this and has even stated that he will not be buying any more crypto mined in China, even likening the asset to “blood coin” in recent statements. Kevin O’Leary: It’s Time to Become Environmentally Friendly In a new interview, he discusses why it is so important that bitcoin miners...