Bitcoin

Rich Dad Poor Dad’s Robert Kiyosaki: Bitcoin Is Crashing, Will Buy When BTC Tests $20K

January 25th, 2022

The author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says he will buy more bitcoin if and when the price of the cryptocurrency tests $20K. He noted that bitcoin’s price crashing is “great news,” adding that the “Time to get richer is coming.” Robert Kiyosaki Plans to Buy More Bitcoin Robert Kiyosaki,…

Russia May Allow Crypto Mining and Gold-Backed Stablecoins, Lawmaker Says

January 23rd, 2022

Russia can legalize cryptocurrency mining and stablecoins backed by gold under government control, a high-ranking member of the Russian parliament has suggested. The statement comes after Bank of Russia proposed a wide-ranging ban on the use of cryptocurrencies, and their trading and mining. Mining and Some Stablecoins Can Be Legalized in Russia, Duma Deputy Insists…

For Digital Payments, Use Of Bitcoin Decreased In 2021

January 17th, 2022

According to Bitpay Inc., one of the biggest crypto payment processors in the world, for purchases, the use of digital tokens other than Bitcoin is increasing among consumers and businesses. Bloomberg reported, the company noted that the use of Bitcoin in merchants that use Bitpay dropped from 92% in 2020 to 65% in 2021. On…

El Salvador’s BTC Sees An Erosion Of Values Worth $12 Million In Public Funds

January 14th, 2022

El Salvador was the first nation that had decreed that Bitcoin was a legal currency. However, the movie has not been very successful in the country, and things are turning to worse in 2022 with the value of BTC tanking. BTC saw an overall decline of 17.5% over a few weeks. The bitcoins held by…

Political Parties in Thailand Voice Opposition to Government Plan to Tax Crypto Gains

January 13th, 2022

As Thailand prepares to impose a levy on crypto profits, parties on both sides of the aisle have expressed concerns over the government’s current proposal. A number of political figures have insisted that important aspects need to be clarified in order to avoid double taxation of income related to cryptocurrencies. Thai Politicians Warn About Negative…

Kenya Set to Scale Up Adoption of Cryptocurrencies in 2022

January 10th, 2022

In his Africa crypto market predictions for 2022, Marius Reitz, the general manager for Luno in Africa, has predicted that Kenya will scale up the adoption of cryptocurrencies. To support this assertion, Reitz points to Kenya’s as position as the leader in the world’s peer-to-peer (P2P) traded volumes for the second year running. Kenya’s Booming…

Bitcoin Will Remain ‘Digital Gold’, But Not A Transactional Currency – Mike Novogratz 

December 29th, 2021

Bitcoin was created as a competitor to the US currency. Many crypto enthusiasts consider it to be the next gold. Gold bugs have lauded the rich yellow metal as the ideal “store of value” for decades, claiming that it protects their investments from the corrosive effects of inflation. The Bitcoin bugs have arrived. Many cryptocurrency…

Bitcoin slides below $50k again as crypto market turns red

December 28th, 2021

Bitcoin again failed to consolidate above $51K after breaching the key resistance earlier yesterday. The top cryptocurrency slid below $50K again earlier today and is currently trading at $49,344 with a 4% decline over the past month. Source: TradingView The top cryptocurrency has seen a bearish phase ever since hitting a new all-time high in…

El Salvador President asserts Bitcoin mass adoption as “game over for FIAT”

December 24th, 2021

The Salvadoran President, Nayib Bukele took to Twitter yet again to reinstate Bitcoin’s dominance, however, this time around he also asserted that once Bitcoin mass adoption is complete, “it’s game over for FIAT”. President Bukele has maintained a permanent slot in news headlines given his consistent Bitcoin purchases, along with absolutist pro-Bitcoin stances. In his…

Bitcoin, Ether, And Other Crypto Tokens Could See A Less Bumpy Ride In 2022

December 23rd, 2021

Bitcoin (BTC) values have been on sea-saw in 2021, but they will end particularly on a higher note than where they began. Considering the position, it was in January 2021, Bitcoin is trading just below $49,000, representing a 66% rise. However, it is still 30% less than the all-time high of $69,000, which BTC touched…