Tag Archives: social

Bitcoin was dabbling with the $19,000 level for several days but, after another unsuccessful attempt to break above it, headed south and plummeted by $1,000 in 24 hours. Recent data indicated a significant uptick of BTC transferred from cold wallets to exchanges, implying that the price drop could have been somewhat expected.$278M Of BTC Moved To Exchanges Prior The DropAfter a predominantly calm weekend in which BTC displayed an untypical absence of high fluctuations, the cryptocurrency...

According to an official press release from today, U.S.-based financial services company Square has launched a new initiative for the firm to become net-zero carbon for operations by 2030.Square Invests $10 MillionAs a part of the plan, the Jack Dorsey-led company will allocate $10 million to its Bitcoin Clean Energy Investment Initiative, which intends to fund companies that drive adoption and research into the use of green energy for Bitcoin mining operations.Bitcoin is often criticized for...

Despite briefly dipping beneath $19,000 after another rejection, bitcoin has reclaimed that coveted level and currently trades above it. Most alternative coins have lost some steam since yesterday and have charted minor losses.Bitcoin Stopped At $19,400The primary cryptocurrency had a mostly calm weekend following the highly volatile week. Bitcoin displayed stagnation around the $19,000 mark with a few unsuccessful attempts to break above $19,400.In the past 24 hours, BTC tried to break above...

The giant social media continues to stir controversy even when it’s trying desperately to avoid it. Just a week after Facebook renamed Libra to Diem (meaning “day” in Latin), the company could be facing a lawsuit from a London-based fintech app with the same name.CryptoPotato reported last week that Facebook changed the name of its future cryptocurrency in another attempt to escape from all the regulatory hurdles in its way. However, it seems that the Association behind the project has chosen...

Visa, a global financial services company and credit card giant, has partnered with Circle Internet Financial, a leading crypto fintech startup, to integrate the latter’s stablecoin.Visa Taps USDC for Digital PaymentsAccording to Forbes, on Dec. 2, Visa will be adopting Circle’s USD Coin (USDC) into its credit card platforms. The collaboration between both companies would see the use of the stablecoin to send and receive payments.Although Visa will not be a custodian to the USDC, Circle will...

The Australian cryptocurrency exchange, BTC Markets, has inadvertently exposed more than 270,000 emails of its customers. The company apologized for the inconvenience and reassured that all other data, including users’ funds, is safe.BTC Markets Exposes Customers’ EmailsA user going by the Twitter handle Stevosxrp.crypto took it to Jack Dorsey’s social media giant and Reddit to first complain about BTC Markets’ screw up. The Australian-based exchange later confirmed the breach on its official...

The US-based cryptocurrency lending company BlockFi has partnered with the American multinational financial services corporation Visa to bring Bitcoin to the masses.Bloomberg reported that the two US companies will offer a credit card that rewards clients’ purchases with the primary cryptocurrency, instead of traditional options such as cash and airline miles.Dubbed the Bitcoin Rewards Credit Card, it will allow customers to receive 1.5% of their purchases back in BTC. Should the user spend...

While bitcoin remains rangebound between $18,000 and the new all-time high, calls for BTC prices making ‘moonshot’ moves in 2021 have already started coming in.Amongst scores of such predictions, on-chain analysis pioneer Willy Woo opines that a $200,000 bitcoin price is ‘conservative’ and that the top cryptocurrency stands to fly to $300,000 by the end of the next year.$300K Per BTC ‘Not Out Of The Question’Even though BTC logged a new high, the top cryptocurrency’s price hasn’t managed to...

The last quarter of 2020 has been extremely bullish for Bitcoin, with an increase of 70%. In particular, November saw the highest monthly close after BTC broke the all-time highs on several exchanges.While the primary cryptocurrency has enjoyed the last few months, gold’s performance has contrasted significantly. The precious metal has lost over 6% of value since October 1st.The two assets displayed a high correlation earlier this year. However, the latest price developments have breached...

The well-known Bitcoin permabear and gold bug Peter Schiff has once again taken a swing at the primary cryptocurrency.His comments followed a volatile market that saw almost $300 million in liquidations in less than an hour and more than $800 million in less than a day.Peter Schiff Bashes BitcoinThe well-known economist and strong gold proponent, Peter Schiff, has once again taken the opportunity to swing at Bitcoin.He said that there was no new money coming in, but instead, it was old money...