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MicroStrategy CEO defends debt-financed bitcoin purchase, says its like investing early in Facebook

Business analytics service provider MicroStrategy Inc's CEO Michael Saylor defended the company's debt-financing for bitcoin, as he sees buying the digital coin now as equivalent to investing in Faceb...

By  Arghyadeep On  2021-07-31 02:07:00
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Bitcoin over the counter desks buzz as analyst warns big players ‘want your Bitcoin’

There's no shortage of demand for Bitcoin at current prices, but volatility to the downside is back on Friday. Bitcoin (BTC) is being aggressively bought up by institutional entities this week as data...

By  Kathi On  2021-07-30 09:28:00
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Greenidge Generation will use BTC mining profits to build solar farm

According to the mining firm, it aims to create high-tech jobs for residents and support local businesses with the solar farm. Bitcoin mining company Greenidge Generation is planning to increase the n...

By  Kathi On  2021-07-29 09:37:00
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Coca-Cola officially gets into NFTs for charity

"Each NFT was created to celebrate elements that are core to the Coca-Cola brand, reinterpreted for a virtual world in new and exciting ways," said Selman Careaga. One of the most recognizable brand n...

By  Kathi On  2021-07-28 10:21:00
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Binance CEO says willing to step down as the crypto exchange aspires regulation

The CEO of cryptocurrency exchange Binance has stated that he is willing to step aside as the business aspires to become a regulated financial institution. Changpeng "CZ" Zhao said during a virtual ne...

By  Ishika Dangayach On  2021-07-28 02:35:00
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Bitcoin price seeks higher low as trader forecasts $45K breakout within weeks

  Bitcoin will need several attempts, but resistance should ultimately fall to bulls, however, a healthy consolidation is also required, market participants explain. Bitcoin (BTC) traded steadily on T...

By  Kathi On  2021-07-27 09:07:00
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DOJ investigates crypto firm Tether for potential bank fraud - Bloomberg

The Department of Justice (DOJ) is probing Tether Ltd for possible bank fraud by executives in the early days of its stablecoin token, Bloomberg reported on Monday, citing people familiar with the mat...

By  Arghyadeep On  2021-07-26 22:59:00
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Bitcoin crosses the $39,000 milestone, rising 12% since July 16

Bitcoin rallied on Monday to record its largest single daily gain in six weeks after a massive sell-off led to the cryptocurrency falling below $30,000. It rose 12% at $39,544 for the first time since...

By  Yashasvini On  2021-07-26 22:57:00
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$60K is now more likely for Bitcoin than $20K, Bloomberg's senior strategist asserts

The analyst also treats the latest crypto ban in China as bullish for Bitcoin and the U.S. dollar. Bitcoin (BTC) has a better probability of recovering back to $60,000 than breaking below its current ...

By  Kathi On  2021-07-26 10:11:00
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Amazon’s Cryptocurrency Plan Could Be a Game Changer

Bitcoin and other cryptocurrencies have fallen on hard times recently, but the sector may have found its hero in the form of Amazon. The company's job vacancy advertising for a "digital currency and b...

By  Kathi On  2021-07-26 09:19:00
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More than one in ten Americans traded crypto in the past 12 months, survey shows

More than one in ten Americans invested in cryptocurrencies in the previous 12 months, demonstrating the growing popularity of digital currencies such as bitcoin and Ethereum, according to a Universit...

By  Ishika Dangayach On  2021-07-24 02:16:00
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Here is what it'll take to pull bitcoin out of its bear market, according to JPMorgan

The ongoing bear market in bitcoin is showing no signs of ending anytime soon, JPMorgan said in a note on Wednesday. The bank is looking for indications that the worse in bitcoin's price decline may b...

By  Kathi On  2021-07-22 11:22:00
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Musk anticipates Tesla to resume accepting bitcoin at 'B-Word' conference

Tesla Inc's Chief Executive Officer Elon Musk said at a conference on Wednesday that the company will most likely resume accepting bitcoin as payment. "It looks like bitcoin is shifting a lot more tow...

By  Ishika Dangayach On  2021-07-22 02:38:00
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Musk confirms SpaceX holds Bitcoin at ‘B Word’ conference

Tesla Inc boss Elon Musk's love-hate affair with several digital coins communities is growing continuously, as he shared more details about personal and his companies' holdings. "SpaceX, Tesla, and I ...

By  Arghyadeep On  2021-07-22 02:03:00
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Crypto mining operator Core Scientific to go public by SPAC deal

Core Scientific, a cryptocurrency mining operator, said on Wednesday that it is listing on Nasdaq though an SPAC deal with Power & Digital Infrastructure Acquisition Corp. The merger with the special ...

By  Shubhangi On  2021-07-22 00:33:00
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Bitcoin bounces back above $30,000 after Tuesday’s tumbledown

The cryptocurrency market recorded a recovery on Wednesday as Bitcoin climbed back above $30,000 after Tuesday's sell-off. Other cryptocurrencies including Ether and Dogecoin also advanced. Bitcoin ro...

By  Yashasvini On  2021-07-21 23:26:00
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Testing interest in NFTs vs. physical collectibles with Apple founder’s 50-year-old job application

The NFT features writing from a teenage Steve Jobs years before he helped found Apple Computers. A crypto entrepreneur is planning to gauge whether interest in a collectible from deceased Apple co-fou...

By  Kathi On  2021-07-21 12:03:00
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Crypto Exchange FTX valued at $18 billion

FTX, a cryptocurrency exchange, in a fresh funding round on Tuesday raised $900 million bringing the company's value to $18 billion. SoftBank Group Corp. of Japan, Silicon Valley venture capital compa...

By  Ishika Dangayach On  2021-07-21 01:58:00
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Bitcoin drops below $30,000 as sell-off intensifies, dragging other cryptos down

Bitcoin fell below $30,000 for the first time in four weeks dragging other cryptocurrencies lower. World's largest digital coin dropped more than 5.5%, while Ether, the second-largest crypto, fell ove...

By  Arghyadeep On  2021-07-20 21:12:00
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Bitcoin erases 2021 gains as BTC price falls to 'biggest bid ever' on Binance

BTC is back at square one when it comes to this year's bull market, but unparalleled bids are doing their best to halt any further losses. Bitcoin (BTC) breaking below $30,000 has cost it almost all o...

By  Kathi On  2021-07-20 10:13:00
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