Bitcoin

Bitcoin Trades Above $57K As MicroStrategy Extends The Adoption Curve

November 30th, 2021

Bitcoin (BTC) price leaped by approximately $4,756 on November 29 rising to brush shoulders with $59,000 for the fist time since losing this support last week. The uptick was triggered by the disclosure by MicroStrategy that they had added more BTC to their reserves. Although Bitcoin price analysis reveals that it has since recoiled towards…

Bitcoin Displays A Classic Rebound Off 54K As Corona Virus Uncertainty Lingers

November 29th, 2021

Bitcoin is currently trading above $57,000 rekindling hopes that BTC might get to new record highs before year-end. Regaining last week’s losses triggered by the new Omicron Coronavirus variant and fears around regulations in India, Bitcoin price crossed above the $58,000 psychological level on Sunday nigh and is still up 5.77% over the last 24…

Political Cartoonist Accuses NFT Platforms Opensea, Rarible of Being ‘Tools for Political Censorship’

November 29th, 2021

While non-fungibe token (NFT) collectibles have been very popular, NFTs have brought a slew of unique debates to the table and one of them has been censorship. The artist behind Stonetoss Comics, a series of political cartoons, has been censored by two very prominent NFT marketplaces — Opensea and Rarible. Stonetoss has told the public…

Uzbekistan Allows Residents to Trade Cryptocurrencies on Local Exchanges

November 26th, 2021

Changes to the rules governing activities of crypto exchanges in Uzbekistan now allow residents to trade coins on licensed platforms. Uzbekistanis could previously only sell their digital assets. The new provisions also regulate the issuance of tokens and their listing. Uzbekistan Loosens Restrictions on Domestic Crypto Trading Uzbekistanis will be able to trade digital currencies…

Bitcoin Whales Continue Massive Accumulation As BTC Supply Moves to Strong Hands

November 25th, 2021

As Bitcoin (BTC) continues to move sideways whales have been grabbing the supply in the meanwhile. As per on-chain data provider Santiment, Bitcoin millionaire-tier whale addresses have accumulated a staggering 60,000 Bitcoins over the past week. The data provider noted: If you’ve been waiting for #Bitcoin whales to show signs of accumulation, our data indicates it’s…

Bitcoin and Other Cryptos Tank Over 20 percent In India Amid Panic Selling Over Crypto Bill Confusion

November 24th, 2021

Heavy selling was witnessed on Indian crypto exchanges earlier today as reports about India banning private cryptocurrencies emerged. The Indian government is currently preparing to the table ‘The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021’ next week on November 29. However, some local media houses reporting that government will ban private cryptocurrencies has…

Ripple Expects SEC Lawsuit Over XRP to Conclude Next Year, CEO Says ‘We’re Seeing Pretty Good Progress’

November 24th, 2021

Ripple CEO Brad Garlinghouse says that he expects the lawsuit over XRP by the U.S. Securities and Exchange Commission (SEC) to come to a conclusion next year. The executive explained: “We’re seeing pretty good progress despite a slow-moving judicial process.” Ripple’s CEO Is Hopeful the SEC’s Lawsuit Over XRP Will Conclude Next Year Ripple CEO…

Bitcoin Mining Company Griid Secures $525 Million Credit Facility From Blockchain.com

November 23rd, 2021

On Monday, the mining firm Griid Infrastructure announced the company has secured a $525 million credit facility from the crypto firm Blockchain.com. According to the announcement, the credit facility will be a four-year term in order to increase the company’s mining capacity. Bitcoin Mining Infrastructure Firm to Increase Capacity With Help From Blockchain.com Cryptocurrency mining,…

Bitcoin Price Slips Under $56,000, These Charts Show One Must Start Buying the Dips

November 19th, 2021

Crypto market correction deepens further with Bitcoin (BTC) correcting an additional 7% and slipping under $56,000 levels. On the monthly chart, Bitcoin has formed a new bottom as it continues to break crucial support levels. The world’s largest cryptocurrency has also extended its weekly losses to more than 15%. As of press time, BTC is…

Nigeria Central Bank Governor: Cryptocurrency Is a Product ‘Embedded in High Level of Illegality’

November 18th, 2021

The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, has claimed that a majority of cryptocurrency transactions are embedded in illegality. He also asserts that there is no room for cryptocurrency in the Nigerian banking space. Pushback Against Endsars Protest Claims In his latest anti-cryptocurrency salvo that was published by the Punch, Emefiele however appeared…