Bitcoin

Coinbase Says It Brokered Microstrategy’s Influential $425 Million Bitcoin Buy

December 2nd, 2020

U.S. crypto exchange Coinbase said Tuesday that it brokered Microstrategy’s $425 million bitcoin purchase earlier this year. Until now, it has not been clear who facilitated the deal. Microstrategy’s first bitcoin (BTC) haul of $250 million bought in August was executed over five days, Coinbase revealed in a case study of the transactions. The deals…

Russia’s Biggest Bank Sberbank Unveils Crypto Plans to Follow Upcoming Regulation

December 2nd, 2020

The largest bank in Russia, the state-owned Sberbank, has reportedly unveiled its crypto plans as the country is set to begin regulating the industry in January. Sberbank’s CEO says the bank may issue its own cryptocurrency in collaboration with JPMorgan. Sberbank’s Crypto Plans and Sbercoin The CEO of Sberbank, Herman Gref, unveiled on Monday his…

Over 5,000 Bitcoin Worth $97 Million from the 2016 Bitfinex Hack Spring Into Action

December 1st, 2020

As bitcoin surpassed its 2017 all-time high on Monday morning, a few hours later 5,045 BTC or $97 million worth of bitcoin from the 2016 Bitfinex hack was transferred. The hackers that stole the funds four years ago have moved the bitcoins numerous times this year. The hackers that stole 119,756 BTC from the cryptocurrency…

Bitcoin Gives Highest Ever Monthly Closing At $19,700 in November 2020

December 1st, 2020

Over the last two days, Bitcoin (BTC) has given a phenomenal move as its trades just short of its all-time high of $20,000. On Monday, November 30, the world’s largest cryptocurrency gave the biggest ever monthly closing in history at $19,700. 🔴 My fellow bitcoiners, the bull market is upon us. Like clockwork November red…

Status of Second Stimulus Checks as Deadline for Government Shutdown Draws Near

December 1st, 2020

As Americans wait to hear if they will receive second stimulus checks, lawmakers are scrambling to avert the looming government shutdown. A spending bill, which could include some stimulus measures, must be passed before the Dec. 11 deadline to avoid the shutdown. Stimulus Payments Affected by Government Shutdown As U.S. lawmakers continue their stimulus negotiations,…

Bitcoin prepares for the ultimate liftoff to $20,000 after rebounding from $16,200

November 30th, 2020

Bitcoin bid farewell to the downtrend that came into the picture last week during the weekend. The flagship cryptocurrency built on the newly-established support at $16,200 and achieved significant gains above $18,000. Bitcoin is ready for the final leg to $20,000 The king of cryptocurrencies is back in the trajectory eyeing new all-time highs. The…

Russia to Recognize Bitcoin as Property With Legal Protection

November 30th, 2020

The Russian prime minister has outlined the government’s plans to amend existing laws to recognize cryptocurrency as property. This means bitcoin owners will have the legal rights to defend and recoup their cryptocurrencies in court. Russia to Recognize Bitcoin as Property During the government meeting on Thursday, Russian Prime Minister Mikhail Mishustin talked about Russia’s…

Veteran Analyst Says BTC Might See Further Correction but ‘Prices Have Not Topped’

November 28th, 2020

Following bitcoin’s sharp pullback on November 26, renowned trader Peter Brandt says BTC is likely to see a further correction, although he thinks prices have not topped. The comments follow the massive sell-off of cryptos that resulted in traded volumes of $8.5 billion being recorded across exchanges in just 24 hours. According to Messari, this…

Researcher Publishes Never Before Seen Emails Between Satoshi Nakamoto and Hal Finney

November 28th, 2020

Just recently three previously unpublished emails from Bitcoin’s inventor, Satoshi Nakamoto, have been made public. The emails reveal the correspondence between Satoshi and the early Bitcoin developer Hal Finney. The communications between Nakamoto and Finney stem from November 2008 and January 2009, the very month Bitcoin was launched. On November 27, three emails that have…

Renowned Finance Youtuber Andrei Jikh Invests Over $100K Into Cryptocurrencies

November 27th, 2020

The popular Youtuber Andrei Jikh published a video this week to his 978,000 Youtube subscribers explaining that he invested over $100,000 into crypto assets. Jikh details why he spent the funds on digital assets and he plans to share his investment experience in another video. Andrei Jikh is a popular Youtuber with close to a…