Bitcoin

Fans Can Buy Game Moment NFTs In Person at the NBA Summer League Games in Vegas

August 5th, 2021

Attendees of the upcoming NBA Summer League games in Las Vegas at the Thomas & Mack Center will be able to purchase NBA Top Shot non-fungible token (NFT) collectibles in person. For the first time ever, NBA Top Shot fans will be able to buy an NFT moment from a game they saw in person….

Bitcoin going for the Gold, Further run Up to $100,000

August 5th, 2021

Bloomberg Intelligence has recently released the August 2021 edition for its recent report on Bitcoin. It looks like these guys are very much bullish on Bitcoin’s journey to the north. The publication notes that the U.S. embracing digital assets with proper regulatory measures vs China’s growing crackdown is creating a favorable bull case scenario for…

Cryptopunk Owner Hopes to Sell Punk for $91 Million — Pixelated NFT Punks Outshine the Competition

August 3rd, 2021

While traditional crypto assets have seen market sentiment drop to a level of uncertainty, non-fungible token (NFT) assets have continued to sell in the millions. One project developed by Larva Labs called Cryptopunks has seen some of its NFTs sell for millions and on May 11, a collection of nine Cryptopunks sold for $16.9 million…

Bitcoin Miner’s Revenue See a 16 percent Jump From June

August 2nd, 2021

Bitcoin network’s mining hashrate has started to recover, seeing a continuous flow of over 110 THs over the past month. The network hashrate took a massive hit in May and June when the Chinese crypto crackdown was at its peak. However, now that miners from China have started to mine again outside the country, the…

Are World’s Largest Oil Producing Companies Diving into Bitcoin Mining?

August 2nd, 2021

The latest report in the market is that the world’s largest oil-producing companies are mulling to join the Bitcoin mining market. On Sunday, August 1, TrustNodes first reported that oil-producing companies are working out a way to use the gas byproduct in Bitcoin mining activities. Thus, productively using the gas will also help in reducing…

Kenyan Insurance Executive Calls Cryptocurrencies Ponzi Schemes, Warns Users This Will ‘End in Tears’

August 2nd, 2021

A Kenyan insurance executive, Julius Kipng’etich has compared cryptocurrencies like bitcoin to Ponzi schemes and has urged his countrymen not “touch this.” In addition, Kipng’etich warned those already involved in crypto trading to be prepared for the consequences as this always “ends in tears.” Bitcoin as a Medium of Exchange Interestingly, when addressing attendees of…

Digital Yuan to Promote International Use of Chinese Currency, Experts Say

July 30th, 2021

The new digital yuan, currently undergoing trials, can help to increase the international usage of China’s national fiat, experts have stated. As the renminbi (RMB, CNY) is becoming one of the world’s most important currencies, the People’s Bank of China is planning to conduct cross-border tests with the yuan’s digitized version, the e-CNY. Digital Yuan…

Ghana Vice President Praises Central Bank’s CBDC Initiative, Says Digital Currencies Can Boost Intra-African Trade

July 30th, 2021

The Ghanaian Vice President, Mahamudu Bawumia, has implored African governments to start exploring digital currencies as such alternatives have the potential to enhance intra-African trade. In addition, such digital currencies allow African countries to carry out all cross-border payments smoothly, the leader explained. Ghana Government Backing for CBDC According to a report, Bawumia made these…

Bitcoin Breaks Above $40,000, Prepares To Launch To $44,000

July 28th, 2021

Bitcoin price remarkably bounced back following a correction on Tuesday. The retreat from $40,000 to $36,000 occurred barely 24 hours after the bellwether cryptocurrency had rallied from levels around $34,000. Initially, a report by City A.M said that Amazon was in the process of integrating Bitcoin as a form of payment on the global retail…

GBTC Premium Rebounds Sharply With Bitcoin Price Rise, Whale Buying Continues

July 27th, 2021

On Monday, July 26, the Bitcoin (BTC) price registered a strong recovery on its way to $40,000. This price rebound happened through a short squeeze with over $600 million in short positions getting liquidated in an hour’s time. As a result, the Grayscale Bitcoin Trust (GBTC) premium registered a sharp rebound. Moving closer to the…