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Bitcoin (BTC) News


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Cathie Wood Ark Invest

Cathie Wood Believes BTC Will Hit $500.000 Over 5 Years

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The CEO and CIO of New York-based investment management firm ARK Invest, Catherine Wood believes that Bitcoin price will go up to $500.000 in five years. She also announced that the company's confidence in Ethereum rose after the ETH2.0 upgrade. Catherine Wood shared her opinion during the SALT...

El Salvador

Special tax regime will be created for BTC investors in El Salvador

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El Salvador's authorities are considering options to ease the tax regime for all cryptocurrency investors. Bitcoin holders will be exempt from income tax even if they make large profits from trading with this asset. Javier Argueta, who holds the post of legal adviser to Salvadoran President Nayib...

MicroStrategy purchases more Bitcoin

MicroStrategy Purchases Another 5050 Bitcoins

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On September 13, MicroStrategy CEO Michael Saylor revealed that the firm added 5050 more Bitcoins to its holdings. The deal was done for around $242.9 M in cash with an average BTC price of $48.099. MicroStrategy has purchased an additional 5,050 bitcoins for ~$242.9 million in cash at an average...

Bitcoin

Almost 30% of Americans support Bitcoin's legal tender

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A recent poll by analytics platform YouGov found that nearly 30% of respondents support the government's desire to recognize BTC as legal tender. It is worth noting that the largest percentage of supporters of the innovation falls on the Democrats. Republicans, in turn, continue to have a negative...

Hoskinson

Hoskinson: El Salvador accelerates global adoption of BTC

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The leader of the Cardano development team, Charles Hoskinson, believes El Salvador has launched the process of mass adoption of bitcoin around the world. Following this Latin American state, other countries will follow suit. The legalization of BTC strengthens the position of those experts and...

Bitcoin

Experts link drop in BTC with rising of gold and USD prices

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Experts were able to find the reason why the BTC fell below $ 50,000 after analyzing the rate of the most popular assets among investors. Thus, financial market experts concluded that the fall in the value of the leading digital asset is associated with the strengthening of gold and the US dollar....

Novogratz

Novogratz commented on the fall of bitcoin to $43,000

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On the eve, the cryptocurrency market experienced another shock drop. On some trading floors, bitcoin (BTC) even tested values ​​below $ 43,000 for a short time. Then the coin was able to bounce and pull up the largest altcoins. On the night of Thursday, September 9, the BTC rate is holding...

Cathie wood

Ark Invest's Cathie Wood criticizes Bitcoin opponents

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Cathie Wood, the founder of the Ark Invest investment fund, represents the camp of the so-called bitcoin bulls. Over the past two years, she has periodically entered into polemics with opponents of the cryptocurrency and criticized them for their shortsightedness. Wood recently commented on a...

Bitso

Bitso is the main partner of the state BTC wallet of El Salvador

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Around the development and direct launch of the state cryptocurrency wallet of El Salvador - Chivo, a variety of gossip and rumors have been circulating for a long time: from allegations of money laundering to financing corruption. However, apart from the assumptions and guesses of the small media,...

Mining equipment

The rise of BTC has boosted the demand for mining equipment

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The periodic growth of the cryptocurrency market provokes an increase in demand for equipment for the extraction of digital assets. In September, Bitcoin began to strengthen its position again, which led to a surge in people's interest in mining. As the VnExpress news agency clarifies, sellers of...

Germany

German investment funds broaden horizons for investment in BTC

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Amid the growth of the cryptocurrency market and the increasing demand for NFTs, many investment funds have expanded their portfolios for clients, allowing them to invest in digital assets. So, for example, in Germany, Union Investment intends to add BTC to the portfolios of its institutional...

El Salvador Bitcoin

El Salvador Legalized BTC with 400 Coins in Its Holdings

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Nayib Bukele, the president of El Salvador disclosed on September 7 that the country acquired another 200 Bitcoins ahead of the legalization of the cryptocurrency. Thus, the total number of Bitcoins owned by El Salvador reached 400. At current prices, it's worth over $21 M, as Bitcoin trades at...

Bitcoin

Bill Miller foundation highlights Bitcoin's potential

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Society is in the early stages of Bitcoin adoption, which will have to equal the total market value of gold in terms of capitalization. That is stated in the report of the Miller Opportunity Trust for the SEC. In August, the fund disclosed information about the acquisition of 1.5 million shares of...

Bitcoin

Bloomberg analyst confident that Bitcoin will reach $100,000

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Based on the recent report of the analytical publication Bloomberg, after a large-scale price correction in the digital asset market, BTC and ETH are expected to reach new highs. So, for example, according to strategist Mike McGlone, shortly, bitcoin will be able to become the world's largest...

IMF

IMF calls on El Salvador to abandon the legalization of BTC

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In mid-June, the International Monetary Fund criticized the actions of the El Salvadorian leadership legalizing bitcoin. According to the representative of this organization, Jerry Wright, the recognition of cryptocurrency as a means of payment creates a dangerous precedent. The stability of the...

Bitcoin

Number of BTC on Coinbase falls to a min since the end of 2017

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The Glassnode team recorded a sharp drop in the number of bitcoins (BTC) on the Coinbase cryptocurrency exchange. According to researchers, the volume of digital currency on Coinbase is now at its lowest level since December 2017. Moreover, the outflow of coins had continued since May of this year,...

South Africa

Another central bank joins the camp of bitcoin opponents

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Many central banks periodically criticize Bitcoin and other digital currencies. Last week, the People's Bank of China criticized digital currencies and urged citizens to stay away from such instruments. The Reserve Bank of South Africa has joined those regulators who refuse to recognize digital...

El Salvador

In El Salvador protests began against the legalization of BTC

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Residents of El Salvador protested against the country's first cryptocurrency legalization. They are worried about the rise of corruption. The Salvadoran Association of International Freight Carriers has demanded an amendment to the bill, removing the obligation to accept digital gold as payment....