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On Valentine's Day Bitcoin's price hit $49500 surpassing its previous record of $48.000 reached on February 9. At the moment, the leading cryptocurrency trades at around $47.300. Despite price ups and downs, the bullish trend continues for BTC. On February 8, Tesla Inc. announced investing $1.5...
Commissions in the Bitcoin network are growing, the day before the average transaction fee was just over $ 25. Miners last Thursday earned $ 4.06 million in just an hour - this is the maximum figure in the entire history of the BTC blockchain over such a period. This is the conclusion reached by...
If Andrew Young wins the mayoral elections in New York, he promises to make this metropolis a platform for the massive use of bitcoin within the city. The politician wrote about this on Twitter. As mayor of NYC - the world’s financial capital - I would invest in making the city a hub for BTC and...
The monetary regulatory executive of Canada's most populated province Ontario has given its approval to a Bitcoin ETF (exchange-traded fund). ETF is a security category that involves a combination of securities—such as stocks. However, they can invest in numerous industry fields or use different...
If on February 7 the average cost of one transaction on the Bitcoin network was just over $ 11, now it reaches $ 25.4. This is evidenced by the latest data from the BitinfoCharts service. Transaction fees soared after it was revealed that Tesla had invested $ 1.5 billion in BTC. Over the past three...
Galaxy Digital CEO Mike Novogratz predicts further growth in the value of bitcoin (BTC). On Bloomberg TV, he said that the price of the cryptocurrency could reach $ 100,000 by the end of this year. On Tuesday, February 9, the BTC rate exceeded $ 48,000, but the coin could not keep at this level....
On Monday, Tesla Inc. announced buying $1.5 B in Bitcoin. The company wrote about the purchase in its 2020 annual report. Within a few hours, the price of the cryptocurrency grew by 22%, setting a new all-time high. Bitcoin is getting more and more closer to $50.000. At the moment, it trades above...
According to Michael Wu, CEO of Amber Group, Bitcoin (BTC) should not be classified as a bubble. Volatility is likely to remain, for now, however, BTC has already emerged as a class of reliable assets, the businessman said in an interview with CNBC. Many investors are suspicious of cryptocurrency...
CEOs need to move away from popularizing Bitcoin, which could pose threats to consumers. That point of view is shared by Klarna CEO Sebastian Semyatkovski. The top manager stressed that a tool has appeared on the market that does not have any security. This financial product poses real threats to...
January 2021 turned out to be very successful for bitcoin miners. They generated $ 1.09 billion in revenue, the highest since December 2017. As The Block clarifies, in January 2018, mining pools were able to earn about $ 1.02 billion. In December 2017, they received an income of $ 1.25 billion....
In a chat session of the social media application Clubhouse, business magnate Elon Musk told the community he assumes BTC is about to receive broader adoption by conservative financiers. The conversation took place on Sunday. Musk also added he doesn't have a strong belief in other crypto assets....
On January 29, the price of BTC jumped more than $ 5,000 an hour after SpaceX founder and Tesla CEO Elon Musk added the hashtag #bitcoin to his Twitter profile. The price peaked at $ 38,000 after "advertising bitcoin" on the page of the richest person in the world at the...
Existing cryptocurrencies do not have a suitable model that would allow them to work as a means of payment in the long term. Governor of the Bank of England Andrew Bailey said this at the World Economic Forum in Davos. In a separate session entitled “Restarting Digital Currencies,” Bailey noted...
American financier, the founder of SkyBridge Capital, Anthony Scaramucci thinks that with developed infrastructure and regulation, Bitcoin investments are "as safe as owning bonds and commodities like gold." SkyBridge Capital launched a new Bitcoin fund on January 4. The president and...
On January 21, the Bitcoin price fell under $30,000 for the first time since January 4. This increased wave of selling pressure on the cryptocurrency market. At the moment, the cryptocurrency trading rate is nearly $31.460. The global crypto market cap saw over a 4.71% decline in the last day....
Researchers from the Chainalysis company found that in 2020 the share of the illegal use of bitcoin and other cryptocurrencies has significantly decreased. However, such tools are still very popular among criminals because they can be used to send funds anonymously, the analysts said in a report....
British financial firm Ruffer Investment believes institutional investors will gradually move into bitcoin. That is stated in the review of the giant, dedicated to assessing the market situation over the past six months. The authors noted that as early as last year, there was a tendency in which...
Former US Treasury Secretary Lawrence Summers said that bitcoin will not collapse, its price will continue to rise in the long term. “The cryptocurrency looks much more resilient after the price set a new record and then declined,” he said. Summers believes that the reason for the continued...
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