Category: Bitcoin Adoption

Bitcoin is at Tipping Point, Says Fidelity Digital Assets’ Head

A few months after questioning bitcoin’s store of value status, Tom Jessop, the head of Fidelity Digital Assets, stated that BTC and the entire industry are at a “tipping point” in terms of maturation and global adoption. He breached the COVID-19 pandemic and the “ultralow” interest rates as the most significant reasons behind crypto’s rise. […]

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Fidelity Says Bitcoin Adoption Will Keep Accelerating — ‘We’ve Reached a Tipping Point’

Fidelity’s head of digital assets says that bitcoin adoption will continue “at an accelerated pace,” noting that “we’ve reached a tipping point.” He explained that investors are increasingly drawn to bitcoin “Particularly, in an environment where we’ve seen unprecedented monetary and fiscal stimulus from central banks and governments in response to the pandemic.” The Tipping […]

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PayPal CEO Says Bitcoin Could Be a Chinese Financial Weapon Against the U.S.

PayPal CEO Peter Thiel loves Bitcoin but hates it when China mines or uses it. In a virtual event organized by the Richard Nixon Foundation, Peter Thiel explained that Bitcoin could be used by China as a weapon in the non-conventional war against the United States, taking advantage of its characteristics to counteract the hegemonic […]

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Music Company Founded by Dr. Luke Enables Bitcoin Payments for Songwriters and Producers

Bitcoin mainstream adoption is not limited to celebrities endorsing the cryptocurrency via social media or interviews on TV. The music industry is also interested in joining the bandwagon, with an independent publishing company recently enabling bitcoin payments. Bitcoin Adoption Comes in Response to the Requests of Prescription Songs Creators According to Variety, Prescription Songs, founded […]

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Morgan Stanley Reportedly Set To Launch ‘Direct Ownership’ of Bitcoin For Clients

Morgan  Stanley, the American banking giant is reportedly working towards rolling out “Direct Ownership” of Bitcoin for its wealthy clients within their wealth management platform. The set feature is expected to debut in 2-3 weeks’ time. The said report also mentioned the bank is organizing weekly calls to educate its wealth advisors on Bitcoin. A […]

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Tesla Starts Accepting Bitcoin Payments: BTC Price Spikes $1,000 Immediately

Major Electric Vehicle manufacturer Tesla is now accepting bitcoin payment for its vehicles. As soon as the announcement saw daylight, In a tweet thread on Wednesday (Mar. 24, 2021), Tesla CEO Elon Musk announced that customers could pay for a Tesla vehicle with bitcoin. You can now buy a Tesla with Bitcoin — Elon Musk […]

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Central Bank of Nigeria is OK With Crypto: We Are Not Discouraging People From Trading

The Central Bank of Nigeria apparently has no problem at all if the country becomes a so-called Bitcoin Nation and recently clarified that rumors of a general crypto ban were nothing more than a misunderstanding. According to a report published by the local newspaper Today Ng, the central Bank did nothing but to draw a […]

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Tech Firm Meitu Buys Another $50 Million Worth of Bitcoin and Ethereum

Meitu is a software development firm listed on the Hong Kong Stock Exchange, most known for its selfie-editing app. The app was massively popular in China before adding built-in filters and editors to major social media platforms. Since then, however, the company has struggled to find new avenues of growth. Now, the company is following […]

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