Tag Archives: News

It has only been about ten weeks since Tesla – the electric car company developed by South African entrepreneur Elon Musk – first purchased more than $1.5 billion in BTC units, and already the purchase appears to be making a serious dent in the country’s finances. Thus far, the company has managed to rake in more than $1 billion in profit thanks to its newfound love of the world’s number one digital currency by market cap. Tesla Is Raking in the Dough Last February, the...

It looks like Turkey is not as comfortable with bitcoin as other nations. The region has decided to put a stop to all bitcoin payments citing concerns about competition to its national currency, and now the world’s number one digital currency by market cap has taken a bit of a stumble. Turkey Won’t Allow BTC Payments In recent days, bitcoin hit a new all-time high of more than $63,000 per unit following news that Coinbase was debuting on the Nasdaq. The asset ultimately...

Coinbase has gone public, and it looks like Wall Street and some of America’s largest and most prestigious banks are feeling the heat. The popular cryptocurrency exchange began trading its new stock last Wednesday on the Nasdaq, letting the financial world know that it was here to stay, and that cryptocurrency is going to continue to attract the attention of investors. Banks Are Really Feeling Pressure as of Late For the most part, cryptocurrencies and banks have not...

Ripple price surged towards the $2.0 level before correcting lower against the US dollar. The price is now trading below the $1.65 support and the 55 simple moving average (4-hours). There is a major declining channel forming with resistance near $1.620 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend its losses below $1.350 as long as it is below the $1.650 zone. Ripple price is struggling to hold gains above $1.350 resistance...

When compared with some of the world’s biggest tech startups, bitcoin is one of the fastest-growing industries the world has ever seen. The currency reached a $1 trillion valuation in half the time it took leading tech companies such as Amazon, Google and Microsoft. Bitcoin Has Reached $1 Trillion in 12 Years According to Crypto Parrott – a trading simulator in Ireland’s capital city of Dublin – Amazon took a whopping 24 years to reach a $1 trillion valuation. Microsoft...

The price of bitcoin just keeps on booming, and according to billionaire investor and former hedge fund manager Mike Novogratz, this is just the tip of the iceberg, as he believes the asset is going to spike much higher in the coming years. Mike Novogratz: Bitcoin Will Probably Keep Surging In a recent interview, Novogratz claimed: Right now, total crypto wealth is roughly $2 trillion, so that’s one half of one percent of all the wealth. If you do not think in the next...

Not too long ago, Canada – the United States’ neighbor to the north – introduced its respective continent to the first ever bitcoin-based exchange-traded fund (ETF). The product has experienced solid popularity in this short period and is now valued at more than $1 billion in total assets. A Bitcoin ETF Is Truly as Popular as They Said It Would Be This past year’s cryptocurrency boom has arguably caused many people to swiftly jump into the cryptocurrency space. It has...

Is it possible that bitcoin and cryptocurrencies get so big with time that governments around the world feel threatened? Is it possible that they become so scared that they ultimately decide to come after our assets and stop all trading activities everywhere? According to Jesse Powell, the CEO of popular cryptocurrency exchange Kraken, they could certainly try. Jesse Powell Is Warning Crypto Investors Several financial regulators over the past few months – including U.S....

It looks like Coinbase’s good vibes for this week are not just rubbing off on BTC and mainstream forms of digital currency. Dogecoin – a joke token that uses the face of a cute little Shiba Inu dog as its mascot – has surged to a new all-time high and was trading for as much as 14 cents early Wednesday morning. Dogecoin Keeps Making Financial Waves This week was met with strong news surrounding the cryptocurrency space. The digital token industry just keeps growing like...

As bitcoin and the cryptocurrency industry continue to grow, there is increasing pressure on the Securities and Exchange Commission (SEC) to do something about approving a bitcoin-based exchange-traded fund (ETF). America is lagging, and with the digital currency world expanding to such a degree, many analysts and investors are wondering what could be taking so long. A Bitcoin ETF: Is It Right Around the Corner? As it stands, there are at least eight companies looking to...