Bitcoin

Bitcoin development is a constant ongoing process. Bitcoin's use cases continually evolve to meet the market's needs and technological advancements. Most people are surprised to learn that Bitcoin consistently receives technical upgrades. Yes, today's Bitcoin is far more advanced than its first rendition.  Learning how to support Bitcoin's development is a great way to do your part and help bring this game-changing tech to the mainstream. Luckily, there are many ways to support Bitcoin's development, regardless of your technical prowess.…

On December 17th, 2020, bitcoin's price surged for a few hours, breaking its November record and hitting 23,800 US dollars, the highest unit price ever recorded. At this point, some investors foresaw an even better future, with better gains.  Ever since the inception of Bitcoin in 2009, the asset has proved to be one of the most prolific financial investments of the 21st century, paralleling other investment assets, including equity. Due to those recent events in bitcoin's unit price, it's…

American insurance firm Massachusetts Mutual Life Insurance (MassMutual) has revealed the purchase of $100 million worth of Bitcoin (BTC). According to reports from local media, MassMutual made the Bitcoin purchase via the New York Digital Investment Group (NYDIG). Besides, NYDIG agreed to sell a minority stake to MassMutual in a deal worth around $5 million. NYDIG is a top Bitcoin financial services company and has over $2 billion digital assets in its custody. MassMutual is considered one of the US's…

The year 2020 is coming to an end, and it has been quite beneficial for the cryptocurrency industry. Despite ever-stricter regulations, Bitcoin (BTC) and altcoins have shown their strength in times of crisis, and new blockchain sectors have emerged. We take stock of upcoming trends for 2021. DeFi will consolidate to offer viable financial alternatives Decentralized finance (DeFi) has been the major story for the crypto industry in 2020. The explosion of the sector in the summer raised fears of…

Bitcoin's recent bullish run has been the main topic in the crypto ecosystem and the global financial markets. Analysts from large financial institutions are optimistic that the leading cryptocurrency is a potential replacement for the United States dollar as a global reserve currency.  According to Ruchir Sharma, the Chief Global Strategist and Head of Emerging Equity team at Morgan Stanley Investment Management, the dollar has remained the primary currency for instructional trades for many decades.  Although the Euro was a…

It’s been a great year for Bitcoin, both in price and mainstream adoption, but American banking giant JPMorgan Chase thinks this is only the beginning.  The Wall Street powerhouse bank believes that Bitcoin’s adoption puts gold in jeopardy as the precious metal will “suffer for years” because of the leading cryptocurrency.  A Shift To Crypto The bank predicts a significant shift from the traditional asset markets into the crypto markets in the long run.  Analyzing the 2020 Q4 trend, JPMorgan…

Bridgewater Associates fund CEO Ray Dalio has described Bitcoin as an alternative investment similar to gold. Dalio's recent comments seem to indicate that he has relaxed his previous stance towards digital currency. Bitcoin Bears Similarities Like Gold The billionaire investments made these statements during a question, and answer session (AMA) held yesterday via Reddit. Dalio responded to questions regarding the financial scape and was asked about his position on digital currencies. A user under the alias @NassimTalebisCoolLeb told Dalio the…

Having Bitcoin or any other cryptocurrency is one thing but keeping it safe takes knowledge and skills. Hackers now compromise the blockchain, which was once considered unhackable. More loopholes in cryptocurrency and smart contract systems are emerging, compromising the entire ecosystem. In 2022 alone, hackers have robbed over $4 billion worth of cryptocurrencies, mainly from exchanges and smart contracts. This is just what has been openly revealed. We need not be surprised. The blockchain is especially attractive to hackers because…

U.S.-based payment and financial services company Square Inc has announced a $10 million clean energy initiative for Bitcoin mining. The company disclosed this as part of its plans to go carbon neutral for its operations by 2030. According to the announcement, the Bitcoin Clean Energy Investment Initiative will support companies promoting green energy tech and renewable energy within the Bitcoin mining ecosystem. Square has also collaborated with Watershed as a measure in reducing the carbon footprint of the Bitcoin network.…