Tag Archives: BTCGBP

Bitcoin and other cryptocurrencies could outperform bonds and stocks amid a potential recession, noted Michael Hartnett, BofA’s chief investment strategist. In a recent note, he argued that the US Federal Reserve’s new policy could push the country and most of the world into such an economic state. Crypto to Blossom Amid Upcoming Recession? After years of trying to fight the consequences of the COVID-19 pandemic through enhanced expansion of its balance sheet, which is now...

Mikhail Mishustin – Russia’s Prime Minister – believes the Russian population collectively holds more than 10 trillion rubles ($130 billion) worth of cryptocurrencies. He assumed that most of those individuals were from the younger generations. 7% of Russians are HODLers Apart from being in the global spotlight due to its “special military operation” in Ukraine, Russia also often makes the headlines in the cryptocurrency space. The authorities of the largest country by...

Bitcoin’s recent nosedives continued in the past 24 hours, and the asset slipped to a 17-day low of around $42,000. Most altcoins are also deep in the red, with the most losses coming from Terra, Solana, Avalanche, Cardano, and Dogecoin from the larger-cap ones. Bitcoin Tested $42K It was just several days ago when bitcoin was fighting to reclaim $47,000 and spiked above that level twice within a 48-hour period. However, the bears came out from hiding and didn’t allow any...

Ricardo Salinas Pliego – the third-wealthiest person in Mexico – revealed he had allocated 60% of his liquid portfolio to bitcoin and bitcoin equities. The billionaire is a strong opponent of fiat currencies and bonds, calling the latter a “terrible investment.” Salinas is Pro-Bitcoin and Anti-Fiat The Chairman of Grupo Elektra and the owner of the Mexican multimedia conglomerate TV Azteca – Ricardo Salinas – reiterated his crypto support during the ongoing Miami Bitcoin...

The autonomous region of Portugal – Madeira – and Prospera – a jurisdiction on Honduras’ Roatán island – will reportedly adopt bitcoin as an official payment method inside their borders. Residents from both territories won’t have to pay capital gains tax when buying or selling the primary cryptocurrency. Following El Salvador’s Path Bitcoin’s global popularity and development received a significant boost last year when El Salvador became the first country to embrace the asset...

Block, formerly named Square, and Blockstream team up to mine bitcoin off Tesla-supported solar power in Texas, as reported by CNBC. Bitcoin mining is seen as an activity that incentivizes the monetization of renewable power production. Tesla’s 3.8 megawatts solar PV array, along with 12 megawatt-hours Megapack, will power the bitcoin mining facility located in Western Texas. Block stated that “100% solar-powered bitcoin mining project with Blockstream, using solar and...

The past week was filled with serious volatility, but unfortunately, a lot of it was to the downside. Bitcoin is currently trading at around $43,800, down 3.6% during the week. It’s interesting to note that this happens as the biggest BTC-focused event is currently taking place in Miami – Bitcoin 2022. The first week of April wasn’t very productive across the board. For BTC, the price was sitting at around $46,000 this time last week, and it was looking primed to test $47K....

The president of El Salvador – Nayib Bukele – canceled his appearance at the Miami Bitcoin conference. The leader explained that “unforeseen circumstances” in his home country require his presence. State of Emergency in El Salvador The ongoing Miami Bitcoin Conference will not see the presence of one of the biggest proponents of the leading digital asset – Nayib Bukele. In a letter, El Salvador’s president said he has made “the hard decision of canceling his participation” in...

The Ultimate Fighting Championship (UFC) announced it will distribute new bonuses for athletes that will be paid in bitcoin. The crypto awards will go to the top three fighters fans have voted for. Fight Night Bonuses in Bitcoin The UFC continues to engage further with the cryptocurrency industry. It disclosed new “Fan Bonus of the Night,” which will be awarded to athletes in the primary digital asset. The bitcoin payouts will range from $30,000 for first place, $20,000 for a...

The outspoken proponent of the cryptocurrency industry – Anthony Scaramucci – urged investors to ignore Berkshire Hathaway’s CEO Warren Buffett and the head of JPMorgan Chase – Jamie Dimon – who have criticized the digital asset sector numerous times. Scaramucci argued that these people had not done their “homework,” which is why they have not entered the crypto market. On the other hand, prominent investors such as Paul Tudor Jones, Stan Druckenmiller, and Steve Cohen had...