Why Buying Bitcoin at This Price Level May Make Sense?

Bitcoin price is trading at the $8,600 level, and buying BTC at these prices may make all the more sense. But why?  Bitcoin Already Corrected 20% from the Peak Bitcoin is already down about 20% from its recent peak. In February, the leading coin touched levels above $10,400, before sliding back. After the crash, exacerbated by the overall market pessimism, BTC has now corrected significantly and may present buying opportunities. /1 At the risk of looking like a fool by Read more …

Jack Dorsey Should Be Replaced as Twitter CEO, Investor Proposes

Billionaire investor, Paul Singer, is pushing for the removal of Jack Dorsey as CEO of Twitter. According to a CNBC article dated Feb. 28, the Elliott Management founder and activist investor is concerned about Dorsey’s time being split between two $5 billion-plus companies, and his desire to move to Africa. Singer questions Dorsey’s focus The $40.2 billion hedge fund managed by Singer took a major stake in the social media giant recently and has already nominated four replacement directors to Read more …

Wilshire Phoenix Slams SEC for Bitcoin ETF Rejection

Wilshire Phoenix, a New York-based asset management firm, has responded to the United States Securities and Exchange Commission (SEC) rejecting its proposed Bitcoin (BTC) exchange-traded fund (ETF). The firm states it is “very disappointed” by the SEC’s ruling, emphasizing that it went to great lengths to ensure compliance with the SEC’s expectations: “We made every effort to get the SEC’s attention on this important issue, including undertaking extensive analysis that was made available to the SEC staff, submitting key data, Read more …

Why is Huobi’s Bitcoin Stash by up 150 Percent Since Jan 19?

In the past year, Huobi has dramatically expanded its central cold wallet. Especially the Chinese crypto exchange’s Bitcoin holdings have seen a substantial appreciation.  Huobi’s Influence Grows as More Bitcoin, USDT Funds Flow into the Exchange The influence of Huobi cannot be underestimated, but also the fact that the exchange became the biggest Bitcoin (BTC) “whale”, surpassing even the Bitfinex cold wallet. The growth of Bitcoin deposits in Huobi took the attention of analysts. Markets go up, markets go down, Read more …

First Kudi Exchange Enters Ghana and Partners Stanbic Bank

Advertisment Nigerian based cryptocurrency exchange, First Kudi has expanded its services to the Ghanaian market after a partnership with Stanbic Bank. The First Kudi platform is powered by Ferrum Network now allows users to deposit and withdraw the Ghanaian Cedi. First, Kudi mentioned the importance of the Ghanaian market in their announcement blog post, citing the countries population of over 30 million people and a 9% inflation in 2019. The article also projected that the First Kudi would be the most comprehensive Read more …

Peter Thiel-Backed Startup Says Texas Is the Best Place to Mine Bitcoin

Alex Liegl, CEO of Layer1 Technologies, a US-based Bitcoin (BTC) mining company that recently announced its intention to repatriate 30% of Bitcoin’s hash power by 2022, has described Texas as offering miners the “cheapest power in the world, at scale.” Less than two weeks ago, Layer1 commenced mining operations at its facility in western Texas, bringing multiple 2.5-megawatt container rigs online. Texas is the largest producer of wind power in the United States, outproducing the second, third, and fourth-largest producers Read more …

New Twitter Investor May Remove Bitcoin Advocate Jack Dorsey as CEO

Elliott Management Corp. – an activist investor owned by billionaire Paul Singer – has plans to shake up the management at Twitter. As reported by Bloomberg on Saturday, Elliott has taken a large stake in the social media messaging platform and, according to “people familiar with the matter,” has plans to remove Jack Dorsey as CEO. The hedge fund has already nominated four directors to Twitter’s board, the sources said. Dorsey is also the chief of payments firm Square and Read more …

Chainlink (LINK) Up 40% despite Ongoing Crypto Meltdown; More Gains Coming?

Chainlink’s native token LINK was among the biggest gainers as a majority of assets in the crypto market plunged deeply earlier this week. The eleventh-largest cryptocurrency beat the bearish odds to grow by more than 40 percent since February 26. It established a week-to-day high at $4.38 in early Saturday trading, hinting its inclination to behave as a hedge against Bitcoin, the top asset that plunged by circa 16 percent this week. #Chainlink is receiving tremendous exposure during this $BTC, Read more …

Coronavirus: Why you should stop use Cash and buy Bitcoin?

Coronavirus Why you should stop use Cash and buy Bitcoin Advertisment In the fight against the further spread of the coronavirus, China’s banks have now also got quarantined banknotes because the coronavirus is apparently transferable through the banknotes. In Hubei province, banknotes worth four billion yuan (around 530 million euros) have already been reprinted. In Germany, the authorities do not recommend using cash! “For citizens, the same hand hygiene measures are recommended for handling banknotes and coins as for all Read more …

Here’s How Ripple Will Power Remittances to the Philippines

The Dubai-based RAKBANK and BDO Unibank (a full-service universal bank in the Philippines) will be using Ripple’s payments ecosystem, to expedite remittances to the Philippines. RAKBANK Expands Remittance Services Through Ripple, BDO Partnership RAKBANK joined BDO, a full-service bank in the Philippines, to extend its activity in the region. The Dubai-based institution already has a footprint in the country and is part of the RippleNet ecosystem. Through the RakMoneyTransfer (RMT) service, the bank aims to extend fast, secure, frictionless and Read more …

ArcBlock Launches Decentralized Identity Campaign Showcasing Real-World Blockchain Use Cases

Advertisment ArcBlock launches new “I DID IT” initiative focused on real-world blockchain applications and interactive training for developers, businesses and users to experience decentralized identity first hand and learn about the benefits of blockchain technology. Bellevue, WA, – ArcBlock, a leading blockchain development platform, and decentralized identity provider has launched its new “I DID IT” initiative focused on real-world applications and interactive training for developers, businesses and users to experience decentralized identity first hand and learn about the features and benefits Read more …

‘Digileaker’ Claims to Have Stolen KYC Documents for 8,000 Digitex Users

An ex-employee of cryptocurrency derivatives exchange Digitex began leaking stolen Know-Your-Customer (KYC) on Telegram. The stolen data reportedly includes passport and driving license scans and other sensitive documentation pertaining to more than 8,000 Digitex customers.  The Seychelles-based exchange issued Cointelegraph a statement indicating that it is not currently able to comment on the incident and is seeking legal counsel:  “Digitex Futures is aware of a leak of confidential data. We are not able to comment fully on the incident at Read more …