Tag Archives: News

Switchyard Brewing Co. has become the latest establishment to accept bitcoin as a method of payment. Switchyard Brewing Is Excited About Crypto Located in Indiana, Switchyard is the first brewery in the area to make the transition to crypto. The primary executive of the company, Kurtis Cummings, doesn’t expect all his patrons to immediately flock to BTC to purchase beer and food, though he is excited about being part of what he feels is a growing trend, and he’s happy to...

Christopher Wray – the director of the Federal Bureau of Investigation (FBI) – says that Russia overestimated its abilities to use crypto to fight sanctions imposed by the United States and its allies. Russia and Crypto May Not Be a Perfect Match Over the past several weeks, many authorities in the U.S. have commented that Russia may try to use crypto to bypass sanctions following its invasion of Ukraine. Members of Congress such as Elizabeth Warren of Massachusetts have...

Cryptocurrency has permitted the historic purchase of a legendary race car. A McLaren 1989 MP4/5 F1 car that was once driven by legendary race car figure Ayrton Senna was purchased for roughly $5 million through a company called Himalaya Pay. The platform oversaw the transaction, which was done through a stable coin listed on the Himalaya Exchange known as the Himalaya Dollar (HDO). Ayrton Senna Sees His Legacy Grow with Crypto Senna is one of the most well-known and...

Michael Saylor – the CEO of software giant MicroStrategy, arguably the biggest institutional bitcoin bull around – has stated that bitcoin’s scarcity is ultimately what makes the currency the strongest asset in the world, right now. He says nothing – not even gold – can compare to bitcoin because it is the only thing that cannot be created indefinitely. Michael Saylor On Bitcoin’s Scarcity In a recent interview, Saylor described bitcoin as a “magical” asset given that...

It is clear the recent executive order signed by Joe Biden regarding crypto regulation that everyone was so excited about isn’t enough to keep the bitcoin price flying high. At that time, the asset rose to about $43,000, which while not great, was considerably higher than where it had been in recent days. Now, it looks like the currency has dropped to a low of $39,000 per unit. Thus, Biden does not possess the magic that so many analysts seemed to think he had. The...

Kraken – a popular cryptocurrency exchange based in San Francisco, CA – has announced it will donate approximately $10 million in bitcoin to citizens of Ukraine affected by the recent Russian invasion. Kraken Is Giving Crypto to Ukrainian Customers A few weeks ago, Russia invaded its eastern European neighbor, and the battle has seemingly led to countless civilian deaths. Not long ago, the world watched in horror as Russian troops allegedly bombed the maternity ward of a...

Solana price started a fresh decline from the $90.00 zone against the US Dollar. The price is now trading below $85.00 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $83.85 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $84.00 and then $85.00 to start a fresh increase in the near term. Solano price is struggling to settle above the $85.00 resistance against the US...

Bitcoin price started a fresh decline from the $42,600 zone against the US Dollar. The price is now trading below $40,000 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $40,100 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair must clear $40,000 and then $40,800 to start a fresh increase in the near term. Bitcoin price is struggling to settle above the $40,000 resistance against the...

Democrat Senator Elizabeth Warren of Massachusetts has recently issued a statement saying that cryptocurrency exchanges in America and around the world should enforce the country’s sanctions against Russia and cut off business stemming from that neck of the woods. To make sure this happens, she is now drafting a bill that she believes will make it much more difficult for countries or individuals to use crypto in the future to evade sanctions. Elizabeth Warren Is Clearly...

Somewhere Nowhere is a nightclub that’s based in New York. What makes this business so special, other than the fact that it’s NYC’s tallest lounge area? It’s going to begin accepting cryptocurrency payments from patrons. Somewhere Nowhere Pushes the Goals of Crypto While many digital assets have taken on speculative forms in recent years, the fact remains that they were all initially designed to serve as payment methods. People were supposed to be able to use bitcoin and...