Category: Bitcoin

3 Reasons Why Bitcoin Can Reach $100K This Year, According to Bloomberg Senior Analyst

3 Reasons Why Bitcoin Can Reach $100K This Year, According to Bloomberg Senior Analyst

The number of people believing that bitcoin could top $100,000 by the end of the year continues to grow, with the latest being Bloomberg’s Senior Commodity Strategist – Mike McGlone. By outlining the growing mass adoption, declining active supply, among other reasons, McGlone predicted that BTC could more than double its value in the next […]

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Bitcoin’s Annual Energy Use Has Already Passed 2020’s: Research

While worries about Bitcoin’s energy use abound, new analysis shows that the network has already consumed more power than it did during the entirety of last year. Bitcoin’s Rising Power Consumption As reported by Bloomberg, “the network reportedly consumed about 67TWh of electricity in 2020, and its total consumption has already surpassed this in 2021”. […]

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Bitcoin fund launched by NYDIG has raised nearly $17 million to date

Bitcoin fund launched by NYDIG has raised nearly $17 million to date

A bitcoin fund created by investment services firm NYDIG has raised nearly $17 million to date.  NYDIG Bitcoin Fund LP, which made its first sale in July 2019, has raised $16.95 million from a total of 121 investors, according to a Securities and Exchange Commission filing from September 17. The prior filing, published last October, showed a […]

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Securities Watchdogs File Orders Against Crypto Lender Celsius

Securities Watchdogs File Orders Against Crypto Lender Celsius

A news release published by the New Jersey government web portal indicates that the cryptocurrency lending platform Celsius has been sent a cease and desist order from the New Jersey Bureau of Securities. Furthermore, the Texas State Securities Board has ordered Celsius to appear at a hearing and is also threatening with a cease and […]

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We Are All Satoshi: Statue of Bitcoin Creator Erected in Budapest

We Are All Satoshi: Statue of Bitcoin Creator Erected in Budapest

Satoshi Nakamoto – the pseudonym for the yet undiscovered creator(s) of Bitcoin– has had a faceless bronze statue erected in ‘his’ honor in Hungary. Depicting Bitcoin’s Anonymous Creator The sculpture was unveiled in a technology-themed park in Budapest – the capital of Hungary – where also stands a statue of late Apple co-founder Steve Jobs. […]

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Laos Authorizes Cryptocurrency Mining and Trading Activities

Laos Authorizes Cryptocurrency Mining and Trading Activities

Laos has authorized a series of cryptocurrency mining and trading projects in the country, looking for another source of income to supplement the losses caused by the drop in tourism due to COVID-19 related measures. Six companies have been authorized to start cryptocurrency trading and mining operations in the country, according to the office of […]

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Bitcoin takes the spotlight as Salvadorans protest Bukele government

Bitcoin takes the spotlight as Salvadorans protest Bukele government

El Salvador residents took to the streets on September 15, the country’s independence day, to protest Nayib Bukele’s presidency — including his administration’s move to make bitcoin legal tender. Thousands attended the protests, according to several media outlets including the BBC. Video footage tweeted by the newspaper La Prensa Gráfica shows a burning structure in […]

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Fintech Firm Revolut Pays for Dallas-Based Wework Workspace With Bitcoin

Fintech Firm Revolut Pays for Dallas-Based Wework Workspace With Bitcoin

The cryptocurrency-infused financial tech company Revolut has announced it has purchased a Wework office with bitcoin. Revolut detailed that the office space in Dallas, Texas will house 300 employees to prepare for the company’s U.S. expansion. Revolut Pays Bitcoin for Wework Property in Texas On September 16, 2021, Revolut, the fintech firm that offers users […]

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Bitcoin Can Become The Global Reserve Currency, Says SkyBridge’s Anthony Scaramucci

Bitcoin Can Become The Global Reserve Currency, Says SkyBridge’s Anthony Scaramucci

The American financier Anthony Scaramucci believes that bitcoin is a monetary standard that could one day become a global reserve currency. He explained the volatile nature of the digital asset with the fact that it is still in its early adoption days. BTC Is Effective as a Monetary Network During an interview with Natalie Brunell, […]

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The Big Three Credit Agencies Critique El Salvador’s Bitcoin Adoption — S&P Global Warns of ‘Immediate Negative Implications’

The Big Three Credit Agencies Critique El Salvador’s Bitcoin Adoption — S&P Global Warns of ‘Immediate Negative Implications’

All of the ‘Big Three’ credit agencies have said that El Salvador’s adoption of bitcoin could affect the country’s credit rating in a negative manner. After both Moody’s and Fitch Ratings published reports on the matter in El Salvador, S&P Global said that the bitcoin adoption has had “immediate negative implications for its credit rating.” […]

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