Bitcoin

As cryptocurrencies continue to gain widespread adoption globally, the Swiss canton of Zug has officially rolled out the option that enables taxpayers, including citizens and local businesses, to pay taxes in bitcoin (BTC) or ether (ETH).  As announced yesterday, the initiative was born out of a partnership with local crypto broker Bitcoin Suisse, with the firm chosen to facilitate all crypto tax payments for the city.  Bitcoin Suisse will be in-charge of converting all crypto tax payments to Swiss francs…

The crypto market is in the bullish zone led by the two largest cryptocurrencies, Bitcoin and Ethereum. The leading cryptocurrencies have hit new all-time highs in the last 24 hours, and this has caused a ripple effect in the market.  Bitcoin And Ethereum Hit All-time Highs Bitcoin has continued to make rapid gains in recent weeks, buoyed by recent institutional adoption. In the past two weeks, the leading cryptocurrency has made 30% gains from $38k and recently crossed the $50k…

Bitcoin has recently received more than usual attention from several traditional financial institutions, as it has managed to set yet another all-time high, breaking the confines of $50,000. According to a report by The Telegraph on Wednesday, Tom Robinson, the co-founder of Elliptic, the world's leading cryptocurrency compliance company, said that his company had witnessed a rapidly growing interest in global banks requesting access to the compliance risk of offering bitcoin services.  A Wave Of Demand For Bitcoin He said…

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…

Hong Kong exchanges have reportedly informed regulators about the dangers of the impending new crypto regulations. According to industry stakeholders, the Hong Kong government is set to ban retail trading in the city, severely affecting.  New Crypto Regulation In Development  This development was revealed today by local news outlet the South China Morning Post. According to the report, exchanges within Hong Kong are apprehensive about the government's new crypto regulations.  Hong Kong's Financial Services and Treasury Bureau had put forth…

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…