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“# ‘BitcoinTuesday’ to become one of the largest-ever crypto donation events ” BitcoinTuesday, scheduled for Dec. 1, aims to become one of the largest cryptocurrency fundraisers in history. The Giving Block, a crypto donations company, has secured partnerships with over 120 nonprofits and 30 blockchain companies to spearhead BitcoinTuesday — a one-day event that promotes…
“# Nigeria is establishing a framework for widescale crypto adoption ” Nigeria’s Finance Ministry is reportedly in talks with the country’s securities regulator to develop a new framework for blockchain and cryptocurrencies — a move that could accelerate adoption in Africa’s largest economy. Business Day, a Nigerian market intelligence publication, reported Tuesday that the Ministry of…
“# PayPal CEO: Our platform will ‘significantly bolster the utility of cryptocurrencies’ ” PayPal’s chief executive believes cryptocurrencies are on the verge of mainstream adoption as more businesses and consumers flock to “digital payments and digital forms of currency.” In an interview with CNBC, PayPal CEO Dan Schulman said the COVID-19 pandemic has accelerated the…
“# Stretched thin? Wrapped Bitcoin assets may encourage supply crisis ” In a blog post of Friday, Binance re-introduced BTCB to the world — a wrapped Bitcoin asset intended to bring liquidity from the world’s largest cryptocurrency, BTC, to Binance Smart Chain’s DeFi (decentralized finance) ecosystem. However, hodlers may be cheering the renewed interest in…
“# Bitcoin shortage is real, and PayPal is the cause, Pantera Capital claims ” PayPal’s entry into the cryptocurrency market could be having a dramatic impact on the Bitcoin (BTC) price. In a newly published report, crypto investment firm Pantera Capital says a Bitcoin shortage is at the heart of the recent price surge and…
“# BlackRock CIO says ‘Bitcoin will take the place of gold to a large extent’ ” A senior executive at BlockRock, the world’s largest asset manager, admits that Bitcoin (BTC) has become a permanent fixture in the global financial system, offering yet another tangible sign that the narrative surrounding digital currency has changed. Rick Rieder,…
“# Number of new Bitcoin addresses spikes amid growing FOMO ” As Bitcoin (BTC) hit a three-year high on Nov. 18, more people around the world have started moving into the world’s largest cryptocurrency, according to Glassnode data. Glassnode, a major provider of cryptocurrency analytics data, recorded a major spike in the number of new Bitcoin…
“# Everything The Felder Report got wrong about Bitcoin ” Bitcoiners are crying foul at former billion-dollar hedge fund manager Jesse Felder’s “inaccurate” hot take blog post about Bitcoin today in which he claims the crypto asset “doesn’t make sense as an investment nor as a currency alternative.” Bitcoiners seemed taken aback by the number…
“# Mexico’s second-richest man invests 10% of his liquid portfolio in Bitcoin ” Ricardo Salinas Pliego, the second-wealthiest man in Mexico, has revealed that 10% of his “liquid portfolio” is invested in Bitcoin (BTC). The billionaire shared a video captured in “a Latin country” depicting banks throwing out garbage bags filled with paper money into…
“# Grayscale survey connects COVID-19 pandemic to new Bitcoin purchases ” As Bitcoin (BTC) price rises toward $18,000 and traders attempt to secure a new all-time high, the surge of institutional investors jumping on the Bitcoin bandwagon continues. This time, institutional and retail investors are both keen to accumulate Bitcoin and data from crypto derivatives…