Tag Archives: News

El Salvador says it is looking to utilize some of the profits it’s made from holding and trading bitcoin to build roughly 20 schools throughout the country. El Salvador Will Rebuild Its Education System The announcement came by way of Nayib Bukele, the nation’s president. Not long ago, the nation of El Salvador took advantage of a bitcoin dip that saw the world’s number one digital currency by market cap fall to roughly $59,000 per unit. From there, the currency rose...

In a new report, analysts at JPMorgan state that bitcoin has the potential to reach a whopping $146,000 per unit rather soon. JPMorgan Thinks BTC Is Heading to the Moon There have been several predictions as of late that bitcoin will potentially reach six figures in the coming months, but JPMorgan – which at times, has been rather bearish when it comes to bitcoin – is releasing one of the biggest predictions, though there are a couple of things that need to be taken note...

The Securities and Exchange Commission (SEC) may appear all lovey-dovey with the idea of a bitcoin-based exchange-traded fund (ETF) as of late given its approval of the recent Pro Shares product. Sadly, this would not necessarily be true, as the firm has recently announced it will be pushing another ETF decision into 2022. The SEC Has Delayed Another Decision Regarding a BTC ETF The new ETF comes by way of a company known as Valkyrie. The firm had placed its ETF...

A major bank in Australia known as the Commonwealth Bank will allow users to buy and sell cryptocurrencies through its app. This is a first for such a major institution in the Outback nation. The Commonwealth Bank Is Bringing Crypto to Customers The bank has established partnerships with firms such as the Gemini Exchange in New York and blockchain analysis company Chainalysis to offer the new app to its more than six million users. Individuals can utilize the tool to...

Sino-Global Shipping America, Ltd. Is looking to expand its growth in the cryptocurrency market. To do this, the company is experiencing some solid changes in management. Sino-Global Is Shifting Towards Crypto For example, Sino-Global chairman and chief executive officer Lei Cao has stepped down from his latter role with the company. Having been with the company for roughly 20 years, he will remain chairman of Sino-Global, but will not serve in an executive capacity. The...

A new cryptocurrency scam is making its way through the digital space, and it’s got the attention of officials in the state of Florida. Regulators are now warning all crypto investors to watch out. How One Scam Is Getting So Much Attention State Attorney General Ashley Moody is referring to the scam as a “bait-and-switch” scheme. The operation works by assisting crypto investors with legitimate trades. Thus, things appear correct, and traders feel like they don’t need to...

Football player Aaron Rodgers is taking part in a new cryptocurrency contest that will see roughly $1 million worth of BTC go to his Twitter followers. Aaron Rodgers Is Pushing BTC Ahead Last Halloween, Rodgers – who plays as a quarterback for the Green Bay Packers in Wisconsin – released the following message on social media: I believe in bitcoin, and the future is bright. That’s why I’m teaming up with Cash App to take a portion of my salary in bitcoin today. To make...

A popular digital asset known as Squid Game token – based on a hit Netflix series – has gone kaput. The currency was trading for well over $2,800 during the weekend, but the currency has since crashed into oblivion and is now worth less than half a cent after executives decided to pull the plug and run off with all the proceeds. Squid Game Token Is Over and Done With The currency gets its name from “Squid Game,” a Netflix series in which players gamble with their lives....

Popular fast food chain Burger King is looking to get involved in the crypto craze through a new contest it’s hosting. Burger King and Crypto… A Solid Match? The restaurant is partnering with trading platform Robinhood to give customers the chance to begin investing in crypto or add more units to their portfolios. The contest is set to last through November 21 of this year, and customers can win an assortment of prizes including several units of Doge or single units of...

Bitcoin cash price started a major increase above the $580 zone against the US Dollar. The price is now trading above the $600 zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $592 the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair is consolidating gains and it could eye more upsides above $615 and $620. Bitcoin cash price is showing positive signs above $595 against the US...