Tag Archives: BTCGBP

After yet another all-time high painted just at the $49,000 price tag, bitcoin retraced slightly. Most altcoins also went up in the past 24 hours, and the total market cap painted a new record as well above $1.460 trillion. Interestingly enough, YFI has managed to surpass BTC in terms of dollar value.Bitcoin’s Latest ATH At Nearly $49KBTC is having a compelling week as it exploded by about $7,000 on Monday following news that Tesla had purchased $1.5 billion in January. It went for a new...

With more institutional investors indicating interest in cryptocurrencies in recent times, Bank of New York (BNY) Mellon has announced that it would be offering crypto-related services later this year.Bank of New York To Hold BitcoinThe New York oldest bank stated in The Wall Street Journal today that it will hold, issue, and transfer Bitcoin (BTC) and other cryptocurrencies on behalf of its institutional clients. According to the report, the bank will not handle its crypto offerings any...

Bitcoin has painted yet another record, breaking the previous all-time high and setting a new one at around $48,480. This comes right after Mastercard announced they would potentially integrate cryptocurrencies in their network and the US oldest bank, BnY Mellon, revealing they would hold, transfer, and issue BTC and other cryptocurrencies on behalf of their asset-management clients.Bitcoin’s price just painted a fresh all-time high, surpassing the previous record. At the time of this...

A 19-year old UK resident was jailed for a drug trafficking operation. He had participated in an attempt to import ecstasy bought with Bitcoin on the Dark Web.Buying Dark Web Ecstasy with BitcoinThe 19-year-old drug dealer is to serve two years in prison after a police investigation discovered he has been dealing with ecstasy using Bitcoin. According to a recent report, Dylan Bailey from Arbury Road, Nuneaton, UK, used to import ecstasy tablets from abroad, aiming to sell the illegal...

Bitcoin climbed by 4% in the past 24 hours after gaining over $2,000 from today’s low of $44,000 (Bitstamp). The primary cryptocurrency is up by a total of 23% this past week after it broke the previous ATH price from January 8th, 2021, of $42,000. This comes following the news that Tesla had purchased $1.5 billion worth of BTC.After breaking $42,000 on Monday, Bitcoin continued higher to reach the critical resistance at $46,430 (1.618 Fib Extension). It spiked above it on Tuesday, setting a...

Bitcoin could solve Kenya’s problems with its devaluating national currency prompted by the International Monetary Fund, said the Central Bank Governor Patrick Njoroge. As such, the bank has announced rather game-changing plans to switch its base currency to Bitcoin.Kenya’s Central Bank To Switch To Bitcoin?Kenya’s national currency, the Shilling, has been on a downward trend for the past few decades as it has lost nearly 50% of its value compared to the US dollar since 2010. In the past year...

The possibilities of central banks holding bitcoin in the future are “out of the question,” asserted the President of ECB Christine Lagarde.At the same time, US Secretary Janet Yellen warned about the growing risks of digital assets used in illegal activities but believes that they could have a vital role ultimately.Lagarde Skeptical On BTC Adoption From Central BanksWith bitcoin’s rise to the mainstream stage after several large corporations and institutional investors bought some for their...

Bitcoin’s dominance continues to suffer and has dropped beneath 61% once more as the asset has stalled around $45,000. In contrast, numerous altcoins have spiked, including a new 3-year high of Cardano as ADA has neared $1.Bitcoin Stagnates Around $45KThe primary cryptocurrency registered its largest green candle in history on Monday upon news that Elon Musk’s Tesla had purchased $1.5 billion in BTC. This development drove the cryptocurrency to a new all-time high at above $48,000.However,...

The CEO of the world’s largest digital asset manager, Grayscale, says that the demand from institutions has only accelerated in 2021. He also said that the narrative for large corporations to jump on the Bitcoin bandwagon has shifted from “why” to “why not.”Why Not Buy Bitcoin?A couple of years back, the cryptocurrency community was celebrating the fact that some hedge funds are talking about Bitcoin, eagerly anticipating their decision to finally join the BTC bandwagon and buy Bitcoin as...

While Tesla’s $1.5 billion bitcoin purchase shook the world, a Reddit user also caused disturbance as it seemed that he predicted the move a month before it was announced. Giant mass media outlets like Reuters and Bloomberg picked up on the story, but the user later admitted that it was a prank, and he was actually on LSD when he wrote it.What The Media Thought It HappenedElon Musk’s Tesla became the latest giant company to allocate billions of dollars in bitcoin, as revealed earlier this...