Bitcoin

On September 13, 2021, MicroStrategy CEO Michael Saylor announced the financial entity had added 5,050 bitcoin to its total crypto holdings. This latest bitcoin bump cost the firm $242.9 million. This indicates that it bought BTC before the price crash on September 7. According to a statement today, the firm is now in possession of 114,042 BTC. Michael Saylor tweeted that the company bought the coins at an average of $48,099 per bitcoin. He noted that they #hodl ~114,042 bitcoins acquired for almost $3.17 billion…

The U.K.'s Post Office is offering a route for customers to purchase volatile cryptocurrencies. Soon users can buy crypto through its identity-verification service, EasyID. Through the verification app, customers of the EasyID app can purchase crypto vouchers from the decentralized exchange (DEX) Swarm Markets. Users verifying their identity through the app receive access Swarm's official website. Additionally, they can acquire cryptocurrency vouchers using their phones. Users can redeem vouchers for cryptos like Bitcoin and Ethereum on the Swarm platform. EasyID…

Swedish Central Bank governor, Stefan Ingves, believes that bitcoin is similar to trading stamps, and it will soon collapse without the government's backing. He made the remarks during his speech at a banking conference held in Stockholm earlier today. Although he admitted that one can get rich by trading the flagship crypto, he said 'it's comparable to trading in stamps.' Ingves on Bitcoin's Alleged 'Imminent' Fall As per Bloomberg, the Riksbank governor challenged the possibility of currencies retaining their power…

El Salvador is officially the first country to adopt bitcoin as legal tender. The president, Nayib Bukele, commented that the move would see the majority of its citizens access bank services for the first time. Besides, it will save over $400 million in fees on remittances sent home from overseas. Last year alone, remittances to El Salvador came to close to $600 billion. It represents about 23% of its total gross domestic product. It makes it one of the highest…

Shop.com, a United States-based e-commerce platform, now allows Bitcoin payments. It is among the latest sites to drive crypto adoption. The announcement comes after a survey revealing that crypto holders and non-owners have a clear interest in crypto payments. It explains why a lot of companies are trying to add crypto payment options to their checkout. Partnering With BitPay Shop.com has partnered with BitPay, a crypto payment service provider, to make the transactions possible. Companies use BitPay services to act as a…

Based on a recent survey metrics, 77% of Russian investors take bitcoin or cryptocurrency as a superior investment tool than gold. Only 9% believe that gold is a better investment option. There was also another 14% who stated that they believe that familiar national currencies are the best choice. For the longest time, people have considered gold the safest and most common form of investment when it comes to investments. However, cryptocurrency adoption is spreading like a bushfire. People are…

GamblersPick talked to 1,000 US investors recently on their crypto holdings, how they finance their portfolios and maintain their investments. The survey shows a third of the number consulted Reddit before making their crypto investments. Out of the total number, 35% admitted to having dived into crypto via Elon Musk’s influence. The Influence of Reddit According to survey outcomes, crypto enthusiasts have made funding calls after consulting Reddit. More so, over a 3rd of crypto holders reported getting information there. …

On Monday, August 23, El Salvador President Nayib Bukele announced that the Bitcoin tender law would launch on September 7. He said it is not a must for individuals to use bitcoin. Furthermore, he confirmed financial institutions would convert BTC payments to dollars. He explained to his 2.8 million Twitter followers that people are at free will to accept BTC or not. Bukele wrote that whoever wants to continue to carry cash may not receive a sign-on bonus. Also, they…

The current market charts of the crypto world show some substantial increases in price, especially in the top-performing assets. Bitcoin and Ethereum have been on a long Bull run, and it seems like Cardano and Binance Coin are also following the course. Bitcoin Bullish Trend Bitcoin has, in the last two weeks, been on continuous price recovery. Currently, the coin is trading at around $47.1k, which is a 1.74% rise in 24 hours. However, the coin immediately dropped back to…