Tag Archives: bitcoin

In its IPO filing sent to the Securities Exchange Commission earlier this week, Coinbase listed Nakamoto, an individual creator or a group of people thought to be behind the creation of the world’s largest cryptocurrency, as one of the recipients of the document.  However, the same anonymous inventor could pose …

Bitcoin fell nearly 12 percent in 24 hours to trade below $45,000 on Friday, according to data from CoinDesk. By dropping to this level, the digital coin shaved over 20 percent off its price this week, which it started close to its record of $58,000, marking the worst slump since March …

“What did Christine Lagarde mean when she said that bitcoin is offering an escape valve?” asks Max Keiser. “So, what if Elon Musk is escaping these negative interest rates, the zero percent interest rates by buying bitcoin.” He explains that “capital will always go to where it gets the best …

Square purchased approximately 3,318 bitcoins, it revealed on Tuesday before announcing its financial results for 2020. The investment brings the firm’s bitcoin holdings to around five percent of its cash and cash equivalents. “Aligned with the company’s purpose, Square believes that cryptocurrency is an instrument of economic empowerment, providing a …

Despite the nearly 16-percent drop, the cryptocurrency is still up around 500 percent in the past year. The decline triggered a major sell-off across cryptocurrency markets due to growing concerns over volatility, jeopardizing the jaw-dropping rally. The second-biggest cryptocurrency by market value, ether, also plunged by more than 20 percent …

On Friday, the cryptocurrency rose to a record $56,600, taking its weekly gain to 18 percent. So far this year, it has surged more than 92 percent, with Friday’s rise pushing its market valuation to $1 trillion. The enormous inflows of the past week have seen the market capitalization of …

“A financial asset is in a bubble when its price has no relationship to its underlying present value or a reasonable expectation of its future value, and investor conviction in price appreciation is high and fear of loss is low,” he wrote on Twitter. “At $50k #Bitcoin is the biggest …

As the popular crypto shot up in value on Thursday following an announcement from BNY Mellon that it would transfer and issue bitcoin (BTC) for its institutional clients, Yang pledged to make New York a global center for digital currencies should he emerge victorious. “As mayor of NYC – the …

As the popular crypto shot up in value on Thursday following an announcement from BNY Mellon that it would transfer and issue bitcoin (BTC) for its institutional clients, Yang pledged to make New York a global center for digital currencies should he emerge victorious. “As mayor of NYC – the …

“I do at this point think bitcoin is a good thing,” the billionaire told a chat room on the invitation-only social media app Clubhouse on Monday. “I think bitcoin is really on the verge of getting broad acceptance by conventional finance people.” Musk recently became a strong bitcoin supporter, having …