Tag Archives: btcusd

During Visa’s Q2 2021 earnings call, the company showed interest in fully integrating a cryptocurrency payment system into its current infrastructure, with several interesting elements that would push the boundaries of the bridge between legacy finance and the crypto world as we know it. Most notably, Visa’s CEO Alfred Kelly stated that the company viewed Bitcoin and other crypto assets as ‘digital gold.’ Visa’s Growing Interest in the Cryptocurrency Space This has been a...

Despite Ethereum’s increasing price, the Canadian TV personality and well-known investor Kevin O’Leary predicted ”it’s always going to be N.2” to Bitcoin. Mr. Wanderful also opined that the first-ever cryptocurrency will serve as gold, while ETH will be silver. Ethereum’s Rally vs. O’Leary’s Forecast The second-largest cryptocurrency has been blooming recently. Its price reached an ATH today and traded at around $2,800. Relative to bitcoin, ETH has significantly increased its...

Facebook’s quarterly SEC filing has no mention of Bitcoin, let alone of a Bitcoin purchase, defying market expectations. For a few days leading up to Facebook’s earnings reported today, there was talk that the world’s most famous social network was about to purchase billions of dollars in Bitcoins: those rumors turned out to be precisely that – just rumors. Why did people think Facebook was about to buy Bitcoin? Several news outlets, including leading sources such as FOX, ran...

The United States Securities and Exchange Commission (SEC) that had put the VanEck Bitcoin ETF proposal up for discussion in March has made a filing confirming that the decision will be delayed for a 45 day period. The Implications of a Bitcoin ETF As of now, the Grayscale Bitcoin Trust holds a virtual monopoly when it comes to institutional money that is invested indirectly into cryptocurrencies. Grayscale’s trust is used by institutions for various regulatory reasons...

$50 million worth of various cryptocurrencies has disappeared from the automated market maker platform running on the Binance Smart Chain – Uranium Finance. While the team behind the project claims the funds were stolen, the cryptocurrency community speculates of a possible rug pull. $50M Gone From Uranium Finance The DeFi project took it to Twitter today to explain the exploit which targeted its v2.1 token migration event. More specifically, Uranium argued that the hackers...

Bitcoin has become increasingly popular in Turkey. The number of Google queries for the primary cryptocurrency has gone through the roof following the latest developments coming from the country, including a ban on using cryptocurrencies as payment instruments. Turks Love Bitcoin Cryptocurrency-related activities have been on the rise within Turkey in the past several weeks or so. CryptoPotato reported previously that the nation would ban the usage of digital assets as...

Mastercard continues its crypto-related efforts by partnering with the digital asset exchange Gemini to introduce an innovative crypto rewards credit card. Dubbed Gemini Credit Card, it already has over 100,000 people on its waitlist but should see the light of day in the summer. Crypto Rewards Credit Card From Gemini The crypto exchange founded and managed by the Winklevoss twins announced its latest product earlier today. Apart from including Mastercard, the company has...

Several years after its CEO called bitcoin “fraud,” JPMorgan Chase & Co has completed its U-turn. America’s largest bank is purportedly looking into launching a bitcoin fund, with the digital asset financial firm NYDIG to serve as custodian.  Citing people familiar with the matter, CoinDesk reported earlier today that JPMorgan intends to release an actively managed bitcoin fund soon.  According to the coverage, the New York Digital Investment Group (NYDIG), describing...

Bitcoin price starts this new week with a strong 8% rebound, as it soars back above the $50k mark. The primary cryptocurrency dropped from $60,000 last Sunday, and it collapsed beneath the 50-days MA level through the week. It continued to decline beneath $50,000 to reach as low as $47,000 (.5 Fib) yesterday, shortly before the quick bullish bounce. The large wick, as can be seen on yesterday’s daily candle, is a very strong signal that the bull run might still be alive,...

The New York wine seller Acker, Merrall & Condit, or simply known as Acker, announced it now accepts digital currencies as a form of payment at its auctions and retail store. The company supports some of the most popular cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash, and Dogecoin. Acker Catches the Crypto Wave After the massive impact that the COVID-19 pandemic caused on global economies, many organizations turned their heads to the potential of digital...