The European soccer team Philips Sport Vereningin – better known as PSV Eindhoven – has signed a partnership with a local cryptocurrency exchange. Part of the terms dictates that the club will receive the entire sponsorship in bitcoin. PSV Gets BTC The European club announced the partnership with Anycoin Direct earlier this week, highlighting that PSV will therefore become one of the first major soccer teams in the EU to have the entire sponsorship paid in the primary...
Read More »Almost a Bitcoin Millionaire But Only if He Knew His Password
A South African resident revealed he mined 20 BTC when he was young, meaning that now he is almost a millionaire. Unfortunately for him, he lost his key and password for his Bitcoin wallet. BTC Password – as Important as The BTC Itself Mark Michaels – a 24-year-old electronic engineer from Pretoria, South Africa – was keen on cryptocurrencies as a kid. More than 10 years ago, when he was in 7th grade, he explored the Internet in order to learn how to mine Bitcoin, and...
Read More »BTC Forms Another Higher-High, Are Bulls Aiming For $50K Weekend Breakout? (Bitcoin Price Analysis)
The bitcoin price has shown impressive strength lately, outperforming global stock markets, despite a risk-off environment and a rising U.S. dollar. On Friday, BTC retested the local highs at $48.1k and managed to make a solid 4-hour close above resistance, leading to a robust daily close at $49.3k. Aggregate spot exchanges volume came in at $7.56 billion, above the 14-day average and the volume on risk-off days. For the past week, 4-hour bearish divergence and realized...
Read More »Bitcoin Neared $50K: Highest Since May and 51% Monthly (Weekend Watch)
Bitcoin initiated another impressive leg up in the past 24 hours resulting in breaking above $49,000 for the first time since mid-May. The alternative coins have joined the ride with notable gains, including an 8% surge from BNB and 10% increases from Polkadot and Solana. Bitcoin Neared $50K It was just two days ago, on August 19th, when the situation in the bitcoin landscape seemed rather negative. The asset had lost several thousand dollars of value in hours and had fallen...
Read More »This Missouri Mayor Plans to Give $1,000 of Bitcoin to Every Inhabitant – With One Condition
The Mayor of Cool Valley, a city in Missouri, is planning to distribute bitcoin worth up to $1,000 to the inhabitants. However, there is a condition attached to such a plan. Five-Year HODL Condition According to a report by local news outlet KSDK on Thursday (August 19, 2021), Jayson Stewart has revealed intentions to give each of Cool Valley’s 1500 residents either $500 or $1000 worth of BTC. Stewart, who also calls the crypto “digital gold,” believes that the cryptocurrency...
Read More »NBA Star Cade Cunningham Partners with BlockFi, Receives Bonus in Bitcoin
BlockFi signed an exclusive multi-year partnership with the professional basketball player – Cade Cunningham. Detroit Pistons’ star will participate in educational videos and exclusive interviews, while the financial services company will provide him with a bonus paid directly in bitcoin (BTC). Bonus in BTC Instead of Dollars According to a recent press release, the rising star of the National Basketball Association – Cade Cunningham – entered into a partnership with the...
Read More »Market Cap Reclaims $2T, Binance Strengthens Regulatory Compliance: The Weekly Crypto Recap
This week was entirely positive in the cryptocurrency market as almost everything is trading well in the green. It wasn’t without its hurdles, so let’s jump straight to it. Bitcoin managed to push towards $48K last Friday, but the week was filled with choppy price action and a somewhat expected downturn. By Thursday, BTC’s price was in the low $44,000’s, and that’s when the bulls stepped in. On that day, the price shot up and tested $47K – a level that got left behind in the...
Read More »Australian Police Seizes Record $6M Worth of Bitcoin From Dark Web
Australian detectives from the Criminal Proceeds Squad have seized a record-breaking haul of bitcoin worth nearly A$8.5 million (more than $6 million) in Victoria. Local media reported Friday that the seizure was the largest amount of cryptocurrency ever confiscated by police in Australia and was part of an investigation into online drug trafficking on the dark web. Over $9M Worth of Assets Seized Victoria Police said it busted properties in Kinglake, Preston, Prahran,...
Read More »Ethereum Will Outperform Bitcoin Within Five Years, Says DeVere Group’s CEO
Nigel Green – CEO of the financial advisory firm deVere Group – believes Ethereum would surpass Bitcoin and become the leading digital asset within five years. He argued that the former has more tech advantages than its rival, which would be the key to its rally. ‘Ethereum Is More Useful Than Bitcoin’ According to Nigel Green – the founder of the digital service provider deVere Group – Ethereum would exceed Bitcoin’s value by 2026. The chief executive pointed out that Vitalik...
Read More »Peter Schiff Admits Bitcoin Price Could Reach $100K (But Remains a Non-Believer)
In a somewhat surprising turn of events, the full-time bitcoin critique Peter Schiff acknowledged that BTC’s price could have another impressive leg up by reaching $100,000. In a recent interview with Coin Stories, the ‘gold bug’ also touched upon his regrets about the cryptocurrency but ultimately remained as bearish as he ever was. The Debate: Bitcoin Vs. Gold Peter Schiff is known for many things – from calling the 2008 financial crisis to supporting gold on every...
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