PayPal’s crypto integration may bode well for Bitcoin price as its user base could triple Bitcoin (BTC) price has again punched through the $13,000 mark after yesterday’s PayPal’s announcement sparked a powerful rally which drove the price to a new 2020 high. Currently sitting near $13,100, Bitcoin price has rallied nearly 10% since the announcement…
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There was a time when Bitcoin seemed to be directly influenced by the daily news cycle. 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…
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A legendary Berlin-based watering hole and Bitcoin hub closes down 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 business to accept Bitcoin…
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Bitcoin may have solidified a price base due to big player purchases. 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 app Amber, said it…
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The information in the report appears to confirm what many in the industry already believed to be true. 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…
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A “new wave of retail investors” is waiting to adopt digital assets. 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…
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“It may have extrinsic value in the sense that people want it,” said Bailey. 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…
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Multi-platinum record producer buys Bitcoin, is welcomed into the club by Pomp. 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…
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His big takeaway? Mining rigs give off a lot of heat. Kosala Hemachandra, founder and CEO of crypto asset storage platform, MyEtherWallet, mined Bitcoin as a way to pay his Los Angeles rent between 2014-2015. When it came time to pay his bills, he would convert his coins into cash to facilitate the actual transaction.…
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‘I do believe crypto is its own asset class and one worth exploring,’ said the TikTok star. A 21-year-old social media star famous for his TikTok videos is entering the crypto space, guided by Bitcoin bull Anthony ‘Pomp’ Pompliano. Bryce Hall has launched a finance podcast with Pompliano called “Capital University”. Unlike Pomp’s regular podcast,…
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