Today, Bitcoin achieves another big milestone by surpassing Facebook in market capitalization at over $929,014,620,160 at the time of writing, according to Asset Dash. Image Source Even though Bitcoin has had some setbacks in price earlier this year, BTC continues to rise rampantly. In the past year, Bitcoin is up over 360%, compared to Facebook which is only up 22%. Facebook is just the next giant slain in Bitcoin’s path to becoming the world’s most valuable asset. Note that the Read more …
Former U.S. President Donald Trump has commented on the growing popularity of cryptocurrencies and the crypto crackdown by the Chinese government. He reiterated his anti-crypto stance: “I don’t want to have other currencies coming out and hurting or demeaning the dollar in any way.” Donald Trump Comments on Crypto and China’s Crackdown Former U.S. President Donald Trump commented on the growing popularity of cryptocurrencies and the Chinese government’s crypto crackdown in an interview with Yahoo Finance’s Adam Shapiro, published Monday. Read more …
UFC legend Jorge Masvidal’s bareknuckle MMA promotion Gamebred Fighting Championship has partnered with Legacy Records to award fighters with Bitcoin. Legacy Records previously sponsored the first Gamebred Fightning Championship event on 18 June, after which the record label’s CEO Keishia McLeod awarded four Bitcoin-loaded hardware wallets with various prize amounts to the fighters. Legacy Records became the premiere sponsor of Gambebred Fighting Championship’s second event in Biloxi, Mississippi on 1 October. Gamebred Fighting Championship has already enjoyed two successful bareknuckle MMA Read more …
Watch This Episode On YouTube Listen To This Episode: When first explaining Bitcoin to people, it can be difficult to find a place to begin. After consuming endless amounts of content that discuss economics, philosophy and history, there is not a single clear place to start. Of course, it helps to tailor each introduction that you present to the person you are presenting to, as with anything. But one key factor in understanding Bitcoin, as Captain Sidd and I discussed Read more …
CoinCorner acquired Coinfloor’s customer base and internet domains (coinfloor.co.uk and coinfloor.com). Coinfloor customers have one month to decide whether to migrate or close their accounts. If they choose to close their accounts, they have to withdraw all their funds. CoinCorner will offer Coinfloor customers a broader range of services, including bitcoin cashback. CoinCorner, a bitcoin exchange and service provider in the U.K., announced today that it had acquired the customer base and the internet domains of another British BTC exchange, Read more …
Bitcoin’s hashrate has been climbing steadily over the last three months and rose more than 40% after the network’s hashpower was below 90 exahash per second (EH/s) on July 5. The trend has led to a consecutive run of five bitcoin mining difficulty accruals with another increase expected during the next transition. Hashrate Steadily Increases, Antpool Commands Top Position, Unknown Hashrate Returns The overall Bitcoin (BTC) hashrate has been slowly but steadily rising higher during the last 90 days. The Read more …
Marathon Digital Holdings produced 340.6 bitcoin during September and a total of 1,252.4 BTC during Q3 2021, a 91% increase in production quarter-over-quarter. The company now holds 7,035 bitcoin worth approximately $337.7 million at the time of writing. Marathon also obtained a $100 million revolving line of credit on October 1, secured by BTC and USD, with Silvergate Bank. The miner’s current fleet consists of 25,272 active miners with a hashrate capacity of around 2.7 exahashes per second (EH/s). Bitcoin Read more …
The Financial Accounting Standards Board received hundreds of letters inspired by MicroStrategy that urge U.S. accounting standards be reconsidered to accommodate companies that hold Bitcoin, Bloomberg reported. MicroStrategy recently wrote to the Financial Accounting Standards Board (FASB), “This disconnect between an entity’s financial statements and the economic reality of its financial condition and results of operations creates confusion and fails to provide investors, analysts, and the general public with the information they need to make an informed assessment of an Read more …
While the price of bitcoin has surged during the first few days of October, the price of the precious metal gold has also increased percentage-wise as the U.S. dollar and the country’s 10-year Treasury yields slid in value this past week. An ounce of fine gold exchanged hands this weekend for $1,760 per unit, up 1.32% since September 29. Gold Spikes More Than 1% This Past Week, Metal’s Rise Attributed to a Soft Dollar, US Default Fears, the Fed’s Upcoming Read more …
press release PRESS RELEASE. October 2021, leading Crypto service comparison site – Cryptowisser, take an in-depth look at the recent crypto ban in China as well as several other countries who legally restrict crypto currency in some way and why. As the Cryptowisser report states, there are over 15 countries where Crypto currency is restricted or outright banned, however some are stricter than others and make it entirely illegal to own any crypto assets. For instance, the report lists Bangladesh Read more …
On Sunday evening famous whistleblower Edward Snowden commented on Bitcoin’s resilient price rise over the last year and a half despite global campaigns by governments to undermine the network. “Sometimes I think back to this and wonder how many people bought Bitcoin then,” Snowden wrote on Sunday, quoting his March 2020 tweet. At that time the Bitcoin price was hovering between $5-6K. “This is the first time in a while I’ve felt like buying bitcoin. That drop was too much Read more …
El Salvador’s President Nayib Bukele confirmed via Twitter Sunday evening that the Latin American nation has successfully onboarded over 3 million users to its Chivo wallet app in just 26 days. The total population of El Salvador is 6.48 million, meaning nearly half of its citizens have received their $30 worth of Bitcoin within the first month of the government making it legal tender. The price of Bitcoin declined from about $52,600 in the first few weeks following the historical Read more …