Bitcoin

Australian Authorities have charged a Sydney man for alleged money laundering activities. This also marks the second high-profile money laundering arrest by the Police in recent months.  $4.3 million Laundered In Bitcoin Australian local news outlet the Australian Financial Review reported the news on Monday, February 22, 2021. According to the report, the New South Wales Police arrested a citizen named Yi Zhong on Monday. Zhong was arrested after police officers stopped his car in a Sydney suburb for a…

The bitcoin bulls breached $50K on Feb 16, with the price touching a new all-time high of $50,487 at 7:30 a.m. ET. Investors had been eagerly waiting for the king coin to hit this milestone on spot exchanges for the first time in history. The world's largest cryptocurrency has embarked on a blistering rally in recent months, having surged from just below $4K in March of 2020 to fresh highs above the hyped $50K mark.  Bitcoin recently saw its single-largest…

Leading Business intelligence firm Microstrategy has announced the private sale of $600 million in convertible notes to investors. The fundraising, according to Microstrategy, is to buy more bitcoins into its existing portfolio. More Bitcoins for Microstrategy  Microstrategy revealed this development in a press release today on its website. As per the announcement, initial purchasers of the convertible notes will have an option to purchase within 13 days. The notes will also be unsecured, and MicroStrategy will bear interest payable semi-annually…

Bitcoin (BTC) failed at its first attempt to hit $50,000 after hitting a new all-time high on Sunday. The sharp correction that occurred in today's early hours has led several crypto traders to count their losses.  Bitcoin Hits New All-time High Before Correction Buoyed by the news of potential adoption by financial institutions, the price of Bitcoin enjoyed positive gains during the weekend. Starting at $46,000 on Friday, bitcoin continued to make steady upward movements.  On February 14, the leading…

American investment bank Morgan Stanley could be the next major financial institution to bet on bitcoin and cryptocurrencies. The investment bank is exploring adding bitcoins to its portfolio.   Investment Group Mulling Crypto Adoption American news outlet Bloomberg on Saturday revealed this latest development. According to the report, Counterpoint Global, a branch of the Morgan Stanley investment group, explores whether cryptocurrency would be a good option for its investors.  It further says that the group is currently in the consultation phase.…

Bitcoin (BTC) rapid rise in 2021 has been remarkable, with the leading coin hitting a new all-time high on Friday. According to the latest stats, Bitcoin is worth more than the two largest banks in America combined.  Bitcoin Market Cap Nears $900 billion. Bitcoin’s price has rebounded in the past few days after initially trading around the $42k mark on Monday. Buoyed by the news of institutional purchases of BTC, the price pumped to $48,000 on Thursday. A quiet push…

While large institutions are adding Bitcoin to their company’s balance sheet, cities are not left out. In a tweet, the Mayor of Miami, F Suarez, expressed appreciation to the Miami authorities for supporting his resolution to add Bitcoin to the city’s balance sheet. Bitcoin For Salaries and Taxes He said, “I wanna thank the city of Miami commissioners for supporting my resolution which directs the city manager after analysis to procure a vendor to be able to offer our employees…

Tesla’s groundbreaking $1.5 billion investment in Bitcoin has reignited Miami Mayor Francis Suarez’s plans to add the world’s largest cryptocurrency to the city’s balance sheet. Suarez tweeted yesterday that the plan of delving into the asset class will be deliberated at the city’s commission meeting scheduled for Thursday.  “@elonmusk’s announcement was beneficial...now all we need is for @amazon to adopt and then,” Suarez added.  The mayor made this known in response to a tweet made by famous Bitcoin proponent Anthony…

Tesla's $1.5 billion purchase of Bitcoin (BTC) on Monday blew the leading cryptocurrency price. The FOMO is in full swing, to the point that the big exchanges are struggling to meet up with the demand for bitcoins.  Bitcoin Price Surges to $48,000 Tesla's purchase of bitcoins yesterday surprised the entire market as it was unexpected. However, its effect on the market was expected as the price of bitcoin began an upward rise. Within a few hours, Bitcoin had blown past its…