Bitcoin

Elon Musk, the Tesla CEO and the world's richest man, has reportedly removed the world's leading cryptocurrency from his Twitter profile. Musk added Bitcoin to his Twitter bio last week but is seemingly all over Dogecoin now. He dropped a couple of Dogecoin tweets, even terming it the people's coin, "Dogecoin is the people's cryptocurrency," he wrote. The SpaceX CEO wrote in a separate tweet: "No highs, no lows, Just Doge." The sudden support for Dogecoin has seen its price…

Bitcoin has spent nearly two full years raising between $ 3,000 and $ 10,000, but after breaking through that range, the cryptocurrency has quadrupled in just a few months. Bitcoin price has been consolidating for several weeks, but no further continuation or adjustment has been in the making yet. In recent days the bulls have started to regain their momentum, but they still face obstacles to overcome before they could begin any major uptrend. Bitcoin Price Above 40k BTC gained…

Jacksonville, the largest city in Florida, is reportedly considering letting citizens pay local fees and taxes in Bitcoin. This could open opportunities for bitcoin adoption in the city and follows similar developments in Miami.  Bitcoin Adoption on The Rise in Florida This development in Jacksonville was revealed today by crypto Twitter influencer DocumentingBTC. He also alluded that the city was also considering allowing its employees to get their salaries paid in Bitcoin.  The state of Florida has witnessed a massive…

The cryptocurrency space continues to grow to a diverse ecosystem with over 2000 cryptocurrencies and a world of financial possibilities. Blockchain technology provides the supporting infrastructure, and with its astounding features, the industry will be in for greater developments. Of all cryptocurrency-based services and functionalities, a significant proportion of users are taking an interest in crypto trading. According to statistics on bitcoin trading volumes, the coin has hit an all-time high in January 2021 after surpassing $11 billion. It’s a…

Twitter CEO and Bitcoin enthusiast Jack Dorsey have set up his bitcoin node to validate the bitcoin network's transactions. Dorsey shared an image on Twitter that showed the node in the synchronization phase alongside the quote "Running #bitcoin."  https://twitter.com/jack/status/1357588751757627393 To complete the synchronization with the Bitcoin blockchain, Dorsey will have to download the chain's entire history. Bitcoin blockchain has a total block size of around 325GB, and synchronization could take weeks to complete depending on the internet speed and computing…

We already knew that rock band Kiss singer Gene Simmons is a crypto enthusiast with his recent comments. However, the musician revealed today that he is a Bitcoin millionaire, having invested for several years. Bitcoin Millionaire Simmons revealed his position in bitcoin in response to a request from VHS collection on Twitter. The music firm had petitioned him to join the bitcoin train and revolutionize the music sector. To which Simmons replied in a tweet that he is a bitcoin…

Payment processing giant Visa has announced that it is working on a crypto API program that will enable banks to offer cryptocurrency services. This was revealed in a press release on Wednesday and could herald a new era for the payment company.  Major Step Towards Crypto Integration  Visa has partnered with First Boulevard, a Kansas-based digital bank, to pilot the crypto API program. Bitcoin and crypto custodian Anchorage will hold the bitcoin and cryptocurrencies on behalf of Visa clients. The…

Bitcoin price dominated the headlines in the early weeks of January, surging by more than 150% in three weeks. Although the bullish run has subsided in recent weeks, Guggenheim CIO Scott Minerd believes that bitcoin could hit $600,000 in the future. Bitcoin True Value Is $600,000 Scott Minerd shared his opinion in an interview with American news outlet CNN on Tuesday. Minerd spoke about a diverse set of topics, including the recent Gamestop shares saga that has dominated the financial…

The world’s largest independent business intelligence firm, Microstrategy, has completed the purchase of 295 bitcoins for approximately $10 million. This latest purchase continues the company’s accumulation of BTC that began in 2020.  Microstrategy BTC Portfolio Worth $2.4 billion Microstrategy CEO Michael Saylor revealed this latest purchase on Twitter. According to the tweet, Microstrategy purchased the 295 bitcoins using cash per its treasury reserve policy. The firm also spent $10 million to complete this latest round of transactions, including fees and…