Bitcoin

Apple co-founder Steve Wozniak is a believer in both Bitcoin and blockchain technology. In conversation with Yahoo Finance’s Brian Sozzi earlier today, he called the cryptocurrency “mathematical purity”. He then contrasted it with US dollars, which governments can “just borrow and borrow” and aren’t actually “fixed” in supply. Purity and Decentralization The programmer touched on Bitcoin and cryptocurrencies towards the end of his interview about his new YouTube show. The show – “Unicorn Hunters” – features entrepreneurs who pitch their…

People may discuss the short-term volatility of cryptocurrencies all they like. One thing is clear, however: Bitcoin has been booming across a medium to the long-term timeframe. 2021 has been wildly successful. The primary cryptocurrency recently reached an all-time high, and its market cap has since surpassed $1.1 trillion. Before this year, Bitcoin was yet to touch even half of that value. So what changed? As always, there are hardly ever straightforward answers to such questions. Explanations are always somewhat…

The first US Bitcoin ETF – The ProShares Bitcoin Strategy ETF – may prove itself popular beyond sustainability. The fund is already approaching its limit on futures contracts holdings, as enforced by the Chicago Mercantile Exchange (CME). Bitcoin ETF: Too Popular to Handle? Last week, data from Bloomberg indicated that ProShares' Bitcoin ETF was holding 1900 futures contracts dated for October. This was only 100 short of the 2000 futures contract limit that the CME imposed during an ETF's first…

NAYDIG has formed two more partnerships with traditional financial firms to bring them into the digital asset ecosystem. The fintech service provider has partnered with Q2 to allow clients of two major financial companies to purchase bitcoin. The companies include Five Star Bank and UNIFY Financial Credit Union. Banking With Bitcoin According to a press release from BusinessWire, NAYDIG has been integrated into Q2’s digital banking platform. Q2 is a financial experience company providing banks, credit unions, and fintech companies…

Walmart – the largest retailer in the United States – has launched a pilot with Coinstar to allow Bitcoin purchases. The program includes 200 Coinstar kiosks used to exchange U.S. coins for paper bills, gift cards, and BTC. Buy Bitcoin in Walmart As reported by Bloomberg on Thursday, the pilot is part of a larger initiative between Coinstar and Coinme. The latter is the world’s largest cash to crypto exchange with over twenty thousand locations. Per their partnership, Coinstar is…

A pension fund in the United States has added both Bitcoin and Ether to its portfolio. This marks the first-ever cryptocurrency investment by a US public pension plan, further highlighting institutional demand for crypto exposure. Firefighter Pension Partners With NAYDIG According to a press release from Newswire, the Houston Firefighters' Relief and Retirement Fund (HFRRF) announced their investment this morning. NAYDIG – a Fintech service provider for banks, corporations, and institutions – facilitated the purchase on the fund’s behalf. It…

Peter Thiel, PayPal co-founder and tech billionaire, recently stated that he feels “underinvested” in Bitcoin. Though he is a long-time Bitcoin supporter, he avoided investing in it because he thought it was an "open secret." However, he realized that it may still have room to grow, and attributes its recent success to central bank failure. Bitcoin and Libertarianism Thiel aired his thoughts in an interview with the Lincoln network on Wednesday. The network is a non-profit that advocates for governments…

Creditors of Mt Gox, a former Japanese Bitcoin exchange, have finally agreed to a rehabilitation plan after seven months of voting. For those who don't know, hackers reportedly attacked Mt Gox in 2014, and stole thousands of its customers' Bitcoin reserves. Now, the project will return a fraction of those bitcoins to its customers, which still amounts to over $9 billion. Rehabilitation On The Way As indicated in a report released earlier today, over 99% of creditors approved the rehabilitation…

Despite the massive market crash in May, Bitcoin has finally reclaimed its former glory. The cryptocurrency's price shattered its previous all-time high earlier today and is now trading just short of $67k. The crypto community is rallying in response, and they expect far-greater highs before the end of the year. Bitcoin to the Moon According to price data from CoinGecko, Bitcoin's price rested at $64 549.73 at 9:40 am EST this morning. It had spent the night trading within the…