Bitcoin

El Salvador Deploys 1500 BTC ATMs, Relaunch Chivo Wallet; Success Could Usher A Crypto Revolution

February 2nd, 2022

El Salvador was the first nation which accepts Bitcoin(BTC) as a legal tender, and the country is now focusing on relaunching the Chivo wallet. The El Salvador Nayib Bukele led government focuses on Chivo wallet’s stability and uptime, scalability, and social impact. The nation is also planning to deploy 1500 Bitcoin ATMs. Several teething issues…

Microstrategy Buys 660 More Bitcoins —Total Holdings Rise to 125,051 BTC

February 1st, 2022

Nasdaq-listed Microstrategy has bought 660 more bitcoins at an average price of $37,865 per coin, bringing the total crypto holdings of the company to 125,051 bitcoins. “Our strategy with bitcoin has been to buy and hold, so to the extent, we have excess cash flows or we find other ways to raise money, we continue…

Binance Announces SAFU Fund Has Reached $1 Billion

February 1st, 2022

Binance has announced one of its trademark features, the SAFU fund, has reached a milestone in its development. The SAFU fund, an acronym that stands for “Secure Asset Fund for Users,” has reached the amount of one billion dollars, securing the funds of users in case of a hacking emergency. The exchange, which is one…

$750 Million In Bitcoin (BTC) Stolen From the 2016 Bitfinex Hack Is On the Move

February 1st, 2022

A massive quantity of Bitcoin is on the move previously linked to the 2016 Bitfinex exchange hack. Just today, popular Twitter handle Whale Alert has reported two such instances wherein Bitcoins worth more than $750 million have been transferred to some unknown wallet. 10,000 #BTC (383,540,711 USD) of stolen funds transferred from Bitfinex Hack 2016…

Apple on Metaverse: We See a Lot of Potential and Are Investing — CEO Tim Cook Says ‘It’s Very Interesting to Us’

January 31st, 2022

Apple CEO Tim Cook says the metaverse has a lot of potential and his company is investing accordingly. “It’s very interesting to us,” he noted. Global investments banks Morgan Stanley and Goldman Sachs have predicted that the metaverse could be an $8 trillion opportunity. Apple Sees a Lot of Potential in the Metaverse, Says CEO…

Goldman Sachs Says Mainstream Crypto Adoption Not Enough to Boost Bitcoin Price

January 28th, 2022

Bitcoin has witnessed a heavy correction this year along with the U.S. equity market plunging down as the Fed hints at interest rate hikes ahead this year. Although bitcoin has been correcting a lot, its adoption among mainstream retail investors is growing. But banking giant Goldman Sachs believes that it won’t be enough to boost…

Utility Seeks $800,000 From Russians Mining Crypto With Cheap Power

January 27th, 2022

The main utility company in Irkutsk is looking to collect almost $800,000 from owners of crypto farms that have allegedly caused a spike in electricity consumption in the Russian region. The supplier accuses the miners of burning cheap household electricity in what is, in fact, a business activity. Power Utility Takes Crypto Miners to Court…

Binance Becomes Main Sponsor of Argentinian Soccer Association

January 26th, 2022

Cryptocurrency exchange Binance has signed a partnership agreement with the Argentinian Soccer Association (AFA), one of the biggest soccer federations in the world, to become its main sponsor. With this deal, Binance will become the main sponsor of all the Argentinian national soccer teams for the next five years and will issue a new fan…

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…