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“# Bitcoin could flippen PayPal on bullish news from… PayPal ” Bitcoin has risen dramatically in market capitalization over the years, recently taking its place among the top 25 largest companies and assets by market cap. At press time, Bitcoin (BTC) holds a market value near $240 billion. The coin is 22nd on a list…
“# Bitcoin price holds strong amid negative news blitz, says CoinShares report ” Blockchain headlines have been awash with negative news tidbits lately. KuCoin suffered a major hack on Sept. 26; two United States regulatory bodies went after BitMEX on Oct. 1; the United Kingdom’s Financial Conduct Authority, or FCA, banned crypto derivatives on Oct. 6;…
“# Former patrons can’t drown sorrows as first-ever bar to accept Bitcoin closes ” A legendary bar and restaurant in Germany that was reportedly the first to ever accept cryptocurrency as a form of payment has permanently closed. According to an Oct. 18 Reddit post from Joerg Platzer, founder of Room 77, the first brick-and-mortar…
“# Governments and banks are the only winners with fiat currency, says Max Keiser ” Using the analogy of a Hi/Lo poker game — a variety of poker which crowns the highest and lowest hands as victors — broadcaster Max Keiser explained citizens will ultimately lose when it comes to holding government-issued currencies. “Unless you’re…
“# Bitcoin futures impact price more than spot markets: Wilshire Phoenix ” A new report from investment firm Wilshire Phoenix claims that the Chicago Mercantile Exchange’s, or CME’s, cash-settled Bitcoin futures trading products affect Bitcoin’s price even though they do not directly involve actual real Bitcoin (BTC). “The findings of Wilshire Phoenix indicate that CME…
“# Why didn’t the Kucoin hack or legal action against BitMEX seem to impact Bitcoin? ” BitMEX recently faced major U.S. legal action, and KuCoin suffered a significant hack, all inside a several-day span — but why did these events not affect Bitcoin’s price in a more negative way? Aleks Svetski, CEO of Bitcoin investment…
“# Retail investors will ‘undoubtedly’ move to Bitcoin, says Fidelity ” Fidelity Digital Assets, the cryptocurrency custody and execution arm of United States financial services giant Fidelity, has claimed in a new report that retail investors will turn their attention to digital currency as they become more familiar with Bitcoin and other crypto offerings via…
“# BoE governor continues to assert Bitcoin has ‘little intrinsic value’ ” Bank of England Governor Andrew Bailey’s position on crypto apparently hasn’t changed despite the economic fallout of the pandemic in the United Kingdom. According to an Oct. 12 report from Reuters, Bailey spoke at a Bank of England, or BoE, question and answer…
“# Grammy-nominated record producer joins the Bitcoin club ” Murda Beatz, known for his popular music collaborations with Drake, Nicki Minaj, Travis Scott, and others, has bought himself some Bitcoin. Announcing the news to his 283,200 followers on Twitter, Beatz “saluted” hip-hop artist Jermane Prime and Morgan Creek Digital co-founder Anthony Pompliano as being instrumental…