Bitcoin

Cryptocurrency News

(Fake) News of Litecoin Partnering with Walmart Shakes up the Market, Leaving Most Coins in the Green
ByDavid Bold September 14, 2021September 14, 2021

A press release of Walmart accepting Litecoin payments (now removed) that appeared yesterday on GlobeNewswire sent the market in a momentary frenzy. Most crypto assets started approaching double-digit gains in the moments following the announcement with Litecoin leading the charge with a 35% price increase. The news was disproven in a matter of an hour as a Walmart spokesperson confirmed that “the press release was not authentic.”

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Panama Follows in the Footsteps of El Salvador, Looking to Make Bitcoin Legal Tender
ByDavid Bold September 13, 2021September 13, 2021

Just a day after El Salvador officially adopted Bitcoin as its national currency alongside the US dollar, Panamanian Congressman Gabriel Silva introduced new legislation that would make crypto-assets legal and provide the legal framework for their regulatory and fiscal applications.

Read More Panama Follows in the Footsteps of El Salvador, Looking to Make Bitcoin Legal Tender
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SEC Ruling on VanEck’s Bitcoin ETF is Further Delayed
ByDavid Bold September 10, 2021September 10, 2021

It seems that we will have to wait a bit more for the first Bitcoin ETF in the United States. The US Securities and Exchange Commission (SEC) has again delayed VanEck’s Bitcoin application for a Bitcoin exchange-traded fund (ETF). The ruling is now scheduled for November 14.

Read More SEC Ruling on VanEck’s Bitcoin ETF is Further Delayed
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Over 90% of ‘Long’ Positions Liquidated in Yesterday’s Flash Crash
ByDavid Bold September 8, 2021September 8, 2021

As the smoke slowly clears in the aftermath of yesterday’s cryptocurrency market flash crash, which saw Bitcoin dip to the $43,000 price level and Ethereum falling below $3,200, it has become more obvious what contributed to the sudden and unexpected market drop. The rapid price downturn caused a major cascading effect that left 333,000 trading accounts and $3.54 billion worth of trading positions ‘liquidated’ in its wake.

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Bitcoin drops to $43K, Ethereum below $3,200, in the Span of Minutes
ByDavid Bold September 7, 2021September 8, 2021

During today’s massive sell-off event, the cryptocurrency market cap slid from $2.31T to $2.12T in the span of 5 minutes. Almost all major coins were showing double-digit losses. Most notably, Bitcoin fell to $43,000 before bouncing back to $47,087 at the time of this writing.

Read More Bitcoin drops to $43K, Ethereum below $3,200, in the Span of Minutes
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The Top 5 Best Coins for Crypto Betting
ByDavid Bold September 2, 2021September 2, 2021

Thanks to the strong performance of cryptocurrencies in the market (Bitcoin alone is up over 300% in the last year), the number of people that own crypto has seen a sharp increase. And while many cryptocurrency owners are happy with just passively HODLing their coins, others are looking to actively use the technology and experience its unique advantages. Cryptocurrencies enable 24/7 transactions anywhere in the world, typically at much faster speeds and lower costs than using traditional banking and remittance services.

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Twitter Users Will Soon be Able to Send and Recieve Bitcoin Tips
ByDavid Bold September 2, 2021September 2, 2021

Twitter seems to be laying the groundwork necessary for the implementation of Bitcoin tips into its new feature called Tip Jar. Mobile app developer and researcher Alessandro Paluzzi was the first to notice that the code in the latest version of Twitter’s iOS beta app adds support for Bitcoin. Soon after Paluzzi shared his findings on social media, Twitter’s product leader Kayvon Beykpour confirmed that the social media giant will indeed be adding Bitcoin support in the near future.

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IMF Issues a New Warning a Week Before El Salvador Adopts Bitcoin as Legal Tender
ByDavid Bold September 1, 2021September 1, 2021

The so-called Bitcoin Law is just a week away from being put into effect in El Salvador. The Central American country has passed the law to adopt Bitcoin as legal tender by an almost three-quarter margin in the country’s Legislative Assembly back in June. Now, the International Monetary Fund (IMF) warns that making Bitcoin equivalent to national currency comes with “substantial risks.”

Read More IMF Issues a New Warning a Week Before El Salvador Adopts Bitcoin as Legal Tender
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Institutional Investors Now Hold 1.47M Bitcoin, Worth More Than $69 Billion
ByDavid Bold August 26, 2021August 26, 2021

For a long period of time institutional investors have been wary of adding Bitcoin to their portfolios and in some instances publicly criticized the world’s biggest crypto. In 2017, for example, JPMorgan CEO Jamie Dimon famously proclaimed Bitcoin a “fraud and called it “worse than tulip bulbs.” Since then much has changed.

Read More Institutional Investors Now Hold 1.47M Bitcoin, Worth More Than $69 Billion