Bitcoin

While institutions start to slowly dabble fractions of their portfolios in crypto, an Australian baseball club is way ahead of the game. The Perth Heat – the most successful club in the league – is adopting Bitcoin as its primary monetary unit. That includes shifting its treasury from dollars to Bitcoin, and using it to pay staff. Perth Heat Swallows The Orange Pill The club revealed its plans for Bitcoin adoption in a statement to Bitcoin Magazine earlier today. Apparently,…

Crypto markets are in the red after a 7-week rally. Major cryptos dropped with Bitcoin on Tuesday, down from record highs just a week ago. Bitcoin was down 7.3% in the last 24 hours. At one point, the largest crypto briefly dipped below $60,000, going as low as $58,702. It later rebounded, trading at around $60,550. At the same time, the largest smart contract crypto Ethereum dropped 9.2% to $4,287. Binance Coin dropped to $583, 9% down in the same period. Solana…

Francis Suarez – Mayor of Miami, Florida – recently said that he is preparing a Bitcoin airdrop for residents of the city. This comes on the heels of a budding rivalry between him and NYC mayor Eric Adams to create the most Bitcoin-friendly jurisdiction. Free Bitcoin in Miami Mayor Suarez revealed his plans in an interview with CoinDesk earlier today. They began discussing the city’s new cryptocurrency, MiamiCoin, which has earned the city over $21 million since launching in August.…

While the SEC hesitates to approve anything beyond a Bitcoin Futures ETF, Canada has moved leagues ahead on crypto acceptance. Yesterday, Purpose Investments launched another pair of series for its Bitcoin and Ethereum ETFs in the country. Notably, these variants have a structure that specifically help their cryptocurrencies achieve net-zero carbon output. Green Bitcoin and Ethereum ETFs Purpose Investments announced their new exchange products in a press release on Tuesday in partnership with Technologies. Their carbon-neutral series of Bitcoin and…

Feeling bullish? After achieving its first all-time high since April last month, Bitcoin has done it again within only weeks. Following a brief retesting at $60k, the primary cryptocurrency has surged back up to $67k and beyond. Furthermore, given the successes of various altcoins, the total cryptocurrency market cap has overtaken $3 trillion for the first time. Bitcoin To The Moon According to CryptoAdventure’s live price data, Bitcoin broke towards the upside late yesterday around 8pm EST. After seesawing between…

While China ejects the Bitcoin industry from its borders as fast as possible, certain Western jurisdictions are eagerly inviting them in. Displaying support for Bitcoin, four US mayors have promised to receive a paycheck in Bitcoin during this week alone. This marks the beginning of a fierce political competition to attract crypto businesses to their respective jurisdictions. Mayors Accepting Bitcoin: The Timeline The trend began as recently as Tuesday, when Bitcoin YouTuber Anthony Pompliano released a tweet on the matter.…

Could Joe Rogan be a HODLer? The world’s biggest podcast host recently claimed that he’d accepted one hundred thousand dollars in Bitcoin for a recent deal. If true, this would be Rogan’s first serious interaction with cryptocurrency that he has made public. What Did Rogan Say? Rogan revealed the recent payment during Joe Rogan Experience (JRE) episode #1728, nearly an hour into the show. The podcast was what he called a “supershow” featuring podcast hosts and comedians Shane Gillis, Ari…

Mark Mobius, a famous fund manager and global investor, is no fan of cryptocurrencies. He recently told Squawk Box that the emerging asset class is more of a “religion” than an “investment.” Mocking Bitcoin loyalists, he said that stocks, rather than cryptocurrencies, are the ultimate solution to rising inflation. Mobius Disapproves Of Crypto The fund manager showed his distaste for cryptocurrencies in an interview with Squawk Box earlier today. While discussing the debasement of fiat money, the interviewer asked about…

While Jerome Powell may claim that Bitcoin has effectively failed as a currency, other government officials beg to differ. The Mayor of Miami – Francis Suarez – recently suggested that he receive his next personal paycheck in Bitcoin. This is yet another of the mayor’s public displays of affection for cryptocurrencies, as he continues supporting their adoption. Suarez Requests Payment in Bitcoin Suarez showed enthusiasm for the idea over Twitter earlier today, in response to  Anthony Pompliano. The Best Business…