Category: Bitcoin

$30 Million In BTC And BCH Seized By German Authorities And FBI

$30 Million In BTC And BCH Seized By German Authorities And FBI

By working together with the US Federal Bureau of Investigation (FBI), German law enforcement agencies have seized nearly $30 million worth of Bitcoin and Bitcoin Cash from two men allegedly running a large pirate streaming website called Movie2K. Movie2K’s Backstory The pirate streaming website began operating in 2008 and ran until 2013. In that timeframe, […]

Continue Reading

Grayscale Crypto Fund Grows 15% in a Week Hitting $5.5 Billion AUM

Grayscale Crypto Fund Grows 15% in a Week Hitting $5.5 Billion AUM

Grayscale Investments has been loading up on digital assets for a while now, more so when prices have been depressed. Its Bitcoin Trust enables investors to gain exposure to the price movement of BTC through a traditional investment vehicle. This is a bonus for institutional investors seeking to expand their portfolios but not wanting to […]

Continue Reading

Peer-to-Peer Bitcoin Trading Tops $95 Million as Sub-Saharan Africa Records Set All Time High

Peer-to-Peer Bitcoin Trading Tops $95 Million as Sub-Saharan Africa Records Set All Time High

Weekly peer-to-peer bitcoin trading volumes topped $95 million globally with several countries recording new all-time highs for the year.The record trading volumes coincided with the most bullish week for cryptocurrencies with bitcoin (BTC) briefly trading above $12,000.As data from Usefultulips shows, peer to peer bitcoin trading volumes for the week topped an equivalent of $95 […]

Continue Reading

S2F Price Model Suggests Bitcoin Price Hits $100K – Author Claims Model Is Perfectly on Track

S2F Price Model Suggests Bitcoin Price Hits $100K – Author Claims Model Is Perfectly on Track

The author of the controversial bitcoin stock-to-flow (S2F) price model said that at current prices the S2F model is “perfectly on track.” S2F shows the price could hit around $30,000 by the year’s end and by August 2021 prices could be $100,000 per bitcoin.The crypto asset bitcoin (BTC) is up over 24% over the last […]

Continue Reading

Testimony By Craig Wright’s Wife Puts “Satoshi” in Very Hot Water

Testimony By Craig Wright’s Wife Puts “Satoshi” in Very Hot Water

Lawyers for the estate of Dave Kleiman claim Craig Wright and his ex-wife, Lynn Wright, again attempted to defraud the courts by lying about Ms. Wright’s role in her ex-husband’s former firm, W&K Info Defense Research. Craig Wright Contradicts Courts Again? Craig Wright’s counsel had built part of a legal argument on the claim that […]

Continue Reading

Dave Portnoy: I’m Coming to Bitcoin

Dave Portnoy: I’m Coming to Bitcoin

Dave Portnoy is arguably one of the most influential and somewhat controversial legacy market traders out there. Portnoy made major headlines last month after saying that the legendary investor Warren Buffett is “washed up.” He has regularly been posting videos where he’s supporting the merit that stock markets “always go up” and, at times, claiming […]

Continue Reading

JPMorgan: Young People Buy Bitcoin, Elderly Invest in Gold

JPMorgan: Young People Buy Bitcoin, Elderly Invest in Gold

The financial crisis prompted by the COVID-19 pandemic has highlighted the various investment approaches initiated across different age groups. According to a new JPMorgan analysis, elderly generations have turned to more traditional assets such as gold and bonds, while younger people have gone for Bitcoin. Old For Gold, Young For Crypto Bloomberg cited the latest […]

Continue Reading

Crypto-Friendly Cash App Sees Quarterly Bitcoin Revenue Of $875 Million

Crypto-Friendly Cash App Sees Quarterly Bitcoin Revenue Of $875 Million

Jack Dorsey’s Square noted that its cryptocurrency-friendly mobile payment app Cash App had registered its best quarter during Q2 2020. Nearly half of the $1,92 billion total revenue came from the company’s Bitcoin trading service. As a result, Square shares have pumped after hours following the record numbers. Cash App’s Record BTC Revenue Square published […]

Continue Reading

Flooding Threatens China’s Bitcoin Miners, Chinese Billionaire Says ‘Three Gorges Dam Collapse Imminent’

Flooding Threatens China’s Bitcoin Miners, Chinese Billionaire Says ‘Three Gorges Dam Collapse Imminent’

This week cryptocurrency enthusiasts are still focused on the severe flooding in China during the 2020 monsoon season. The flooding has already displaced millions of Chinese citizens and skeptics are concerned about the vast number of bitcoin miners located in the Sichuan province.The landlocked province in Southwest China, Sichuan is located upstream of the Three […]

Continue Reading

Bitcoin Price Hits ATH Against the Turkish Lira

Bitcoin Price Hits ATH Against the Turkish Lira

On Sunday, Bitcoin hit the all-time high against the Turkish lira (TRY). It has to do with the recent Bitcoin rally and the declining Turkish fiat currency, which fell to a record low against the euro. Bitcoin’s Safe-Haven Capability Is Noticeable in Turkey Cryptocurrency bulls are waiting for Bitcoin to update its all-time high, but […]

Continue Reading