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The Google searches for bitcoin skyrocketed to new highs in Turkey earlier today. The sudden increase comes amid a 15% daily price drop for the Turkish lira following the decision of President Tayyip Erdogan to remove the governor of the country’s central bank.Turkish Lira Plummets by 15% in a DayTurkish President Recep Tayyip Erdogan shocked the country during the weekend by firing without any explanation the nation’s central bank governor – Naci Agbal. Although Erdogan failed to provide a...

Pakistani province plans to establish two hydroelectric-powered pilot mining farms, hoping to get further exposure to cryptocurrency adoption.Keeping up with the Global Crypto Bullish TrendsThe Pakistani province of Khyber Pakhtunkhwa is reportedly drafting plans to get into the cryptocurrency flow by building two hydroelectric-powered pilot mining farms. According to a recent news report, the region’s authorities have committed to capitalizing on the bullish trends of the global...

After a few days of flirting with the $60,000 line, BTC has failed at breaching the milestone and has dropped to $57,000. Most large-cap alternative coins are also well in the red, except Ripple (XRP), which has surged by 8% to over $0.51.Bitcoin Drops $3K after Failing at $60K: Whales In Charge?Following a somewhat sharp recovery after the latest steep decline to $53,200, and for the past few days, bitcoin remained relatively stagnant, just beneath the $60,000 price tag. The primary...

Coinbase’s plans to go public, touted as one of the most significant events in the entire cryptocurrency industry, has been delayed until April, reads a recent Bloomberg report. Interestingly, this comes shortly after the company agreed to pay $6.5 million to the CFTC following an investigation regarding wash trading schemes. CryptoPotato reported in late 2020 that the San Francisco-based crypto giant had submitted a draft registration with the Securities and Exchange Commission to go public...

Following a few days of enhanced volatility, bitcoin has calmed slightly north of the $58,000 mark. Some altcoins have used the opportunity to reduce BTC’s market dominance with impressive gains, including DOT nearing $40 and UNI jumping by 10%.Bitcoin Calmed Above $58KThe past several days were quite volatile for the primary cryptocurrency. BTC went from briefly breaching above $60,000 to a sudden drop to $53,000 before reclaiming $7,000 again on Thursday.Since then, though, BTC has calmed a...

The founder of SkyBridge Capital and former White House Director of Communications, Anthony Scaramucci, made a somewhat surprising statement earlier today saying that Elon Musk owns about $5 billion worth of BTC personally and through his companies. Elon Musk’s electric vehicle and clean energy giant, Tesla, made the news in February when it was revealed that the company had purchased $1.5 billion worth of BTC earlier this year. This impressive milestone in bitcoin’s adoption cycle came after...

It appears that 2021 is the year for Bitcoin ETF approvals as yet another exchange-traded fund tracking the performance of the first-ever cryptocurrency will emerge – this time, in Brazil. The country’s Securities and Exchange Commission (CVM) has given its blessing to QR Capital’s application, and the QBTC11 product will go live on the Sao Paulo stock exchange.Bitcoin ETF Approved in BrazilBased in Rio de Janeiro, QR Capital describes itself as the “largest cryptocurrency asset manager” in...

Bitcoin’s current bull run could continue for another 4x price increase, according to the Long-Term Holder MVRV metric, suggested Glassnode.Simultaneously, the network’s activity keeps escalating as the non-zero and 0.01+ accounts have both reached new all-time highs.Bitcoin to $250K and Beyond?The primary cryptocurrency has been on a bull run in the past several months. After all, its price increased by roughly six-fold since early October to its recently-registered all-time high at...

Cardano is working on new deals that will bring millions of users into its ecosystem, said the project’s founder Charles Hoskinson. He added that his team is negotiating contracts with several African nations to enable citizens to have digital identities linked to wallets and payment systems.Millions of Users Coming on CardanoWhile speaking during the annual Blockchain Africa Conference, Cardano’s founder touched upon the continent’s need for revolutionary technology that could enhance its...

After a highly volatile day in which BTC touched $60,000, the primary cryptocurrency has slipped to 58,000. The altcoin market is even more fluctuating, as Cardano has retraced following the latest gains and has lost its top three spot to Binance Coin.Top Ten Rotations Continue; BNB Ahead of ADAThe past several days were quite volatile for the altcoin space. However, most larger-cap alternative coins have calmed on a 24-hour scale.Ethereum, Polkadot, Ripple, UNI, Litecoin, and Chainlink have...