BTC

Bitcoin

According to Michael Saylor, there’s no reason to hold Bitcoin for 100 years

MicroStrategy’s CEO, Michael Saylor, has steadfastly defended the company’s bullish, long-term Bitcoin (BTC) position. Citing the cryptocurrency’s unique potential to evolve into “the future of the property.” MicroStrategy’s big bet on Bitcoin, which it has turned to the debt markets to sustain. Is the “highest upside, lowest risk strategy”. The company can pursue, Saylor argued […]

IMF

Making Bitcoin a national currency, according to the IMF, is a “inadvisable shortcut”

The International Monetary Fund (IMF) has issued a new warning as El Salvador prepares to make bitcoin (BTC) legal tender in September. The move is “an inadvisable shortcut,” according to the IMF. While governments must “step up” to provide the benefits offered by the technology underlying cryptoassets. As well as leverage new, digital forms of […]

Elon Musk, Tesla

Elon Musk explains when Tesla will start accepting Bitcoin payments

Elon Musk, the CEO of Tesla, has stated that his electric vehicle company will begin accepting Bitcoin (BTC) payments once it is confirmed that miners are using clean energy, providing a ray of hope that the fear surrounding digital assets will soon fade. Musk responded to a Cointelegraph tweet about recent allegations from Sygnia CEO […]

weibo

Chinese social media platform Weibo reportedly has banned crypto-related accounts

China’s anti-cryptocurrency crackdown has reportedly spread to social media. Several popular Bitcoin (BTC) and crypto-related content creators on Weibo. China’s Twitter-like microblogging service with over 530 million monthly active users, has reportedly been suspended. At least a dozen crypto influencers on Weibo were unable to use their accounts on Saturday night. According to local reports. […]

Bitcoin Mining, mining

Square will invest $5 million into the Blockstream Bitcoin mining facility

Square Inc., a crypto-friendly mobile payments company. Has announced that it will invest $5 million in a solar-powered Bitcoin (BTC) mining facility for Blockstream Mining. Demonstrating Jack Dorsey’s continued support for blockchain infrastructure. Blockstream’s chief information officer, Chris Cook, announced the collaboration on Saturday. Outlining plans to build the open-source mining facility at one of […]

Dogecoin

8th of May Is a ‘day to watch’ for Dogecoin, with the possibility of a crash similar to that of XRP

Although Dogecoin (DOGE) is soaring and Bitcoin (BTC) is stumbling, one analyst believes the DOGE bubble will burst this week. Lowstrife, a popular Twitter account, highlighted similarities between Dogecoin and XRP among warning signs that “the end” is near in a series of tweets on May 4. “Final push DOGE/USD has been steadily rising this […]

Elon Musk says, "I have not sold any of my Bitcoin."

Elon Musk says, “I have not sold any of my Bitcoin.”

Despite his company, Tesla making profits from its recent Bitcoin purchases, billionaire entrepreneur Elon Musk has taken to Twitter to reassure the crypto community that he has not sold any of his personal BTC stashes. Musk’s remarks came in response to comedian Dave Portnoy’s claims that the Tesla CEO profited from a Bitcoin pump and […]

bitcoin

Over the last 12 months, Bitcoin mining stocks have outperformed BTC by 455 percent

Despite the fact that the top publicly traded Bitcoin mining companies are losing money, their stock prices have outperformed BTC over the last year. Leeor Shimron, Fundstrat’s vice president of digital asset strategy, spoke on CNBC about his research into the market performance of the four largest publicly traded mining companies — Marathon Digital Holdings, […]