Tag: Bitcoin

Argentine Billionaire Marcos Galperin Says Bitcoin a ‘Better Store of Value Than Gold’ as Officials Plan to Print More Pesos

Argentine Billionaire Marcos Galperin Says Bitcoin a ‘Better Store of Value Than Gold’ as Officials Plan to Print More Pesos

Argentine billionaire and CEO of the e-commerce platform Mercado Libre, Marcos Galperin says bitcoin is a better store of value than gold. However, the billionaire thinks the crypto will not replace fiat currency due to what he terms the high “energy cost required to process its transfers.” Bitcoin Mining Energy Consumption Misconception Galperin, who has […]

Continue Reading

Report: Mt Gox Creditors Could Claim 90% Of The Owned Bitcoins After A CoinLab Deal

Nearly $5 billion in bitcoin could make their way back to Mt. Gox users following a deal between creditors and CoinLab. Nevertheless, the agreement is still reportedly subject to creditor acceptance. Bloomberg reporter Matt Leising offered a brief explanation of the story earlier today, noting that CoinLab has reached a deal with Mt. Gox creditors […]

Continue Reading

Bitcoin Faced First Major Correction In Current Bull Run: The Crypto Weekly Market Update

This week was very intensive in the cryptocurrency market. It’s perhaps safe to say that it was among the most tumultuous ones we’ve had in the last few months. Everything started calmly, and during the weekend, the price hit an all-time high value of $42,000. The excitement was short-lived, as immediately after that, bitcoin went […]

Continue Reading

$500K Bitcoin Donation Funneled to Groups Involved in US Capitol Riot: Analysis

Blockchain intelligence firm Chainalysis has tracked simultaneous Bitcoin (BTC) donations to wallets associated with right-wing extremist groups in the U.S., which might have helped fund the recent riot at the U.S. Capitol. The news marks yet another pivot towards pseudonymous money transfer means by alt-right groups in the U.S. Alt-Right Agitators Received $500K in Bitcoin […]

Continue Reading

Rollercoaster: $340M Long Positions Liquidated as Bitcoin Price Crashed $3000 In Hours

Rollercoaster: $340M Long Positions Liquidated as Bitcoin Price Crashed $3000 In Hours

There are no boring days in crypto. That’s panning out to be more accurate than ever over the past couple of weeks. In the past few hours, Bitcoin’s price, as well as that of many altcoins, went on a rollercoaster, yet again, resulting in massive liquidation volumes across the board. Data reveals that over the […]

Continue Reading

Man Accidentally Threw Away Hard Drive With 7,500 Bitcoins, Offers City $72 Million to Search Landfill

Man Accidentally Threw Away Hard Drive With 7,500 Bitcoins, Offers City $72 Million to Search Landfill

A man has accidentally thrown away a hard drive containing 7,500 bitcoins. He is now offering his city 25% of the value of the bitcoins stored in the hard drive for permission to search the city’s landfill site. His bitcoins are now worth almost $300 million at the current price. In Search of Hard Drive […]

Continue Reading

IMF Poll: Digital Currencies Are Real Money

IMF Poll: Digital Currencies Are Real Money

The debate as to Bitcoin and other cryptocurrencies are real money has been going on ever since the nascent assets came into existence. Both sides have their proponents.  Nevertheless, according to a recent poll, the overwhelming majority of respondents tend to think that digital currencies are, indeed, money.  Digital Currencies Are Real Money: Poll Results […]

Continue Reading

Miami mayor wants to put some of the city’s treasury reserves into bitcoin

Miami mayor wants to put some of the city’s treasury reserves into bitcoin

Miami mayor Francis Suarez is considering putting some of the city’s treasury reserves into bitcoin (BTC).  “We are looking at the possibility of diversifying our investment portfolio and having and holding a percentage of our investments in bitcoin,” Suarez told FOX Business in an interview on Thursday. “If I would have done it last year, I […]

Continue Reading