Bitcoin News

The Turkish government has updated the country’s cryptocurrency regulation following the banning of cryptocurrencies for payments and failing crypto exchanges. Published in the Official Gazette on Saturday, the new rule adds crypto trading platforms to the list of entities covered by anti-money laundering (AML) and Combating the Financing of Terrorism (CFT) regulations. The Official Gazette…

The infamous meme-crypto dogecoin has seen double-digit gains in recent days after Tesla’s Elon Musk tweeted about his upcoming Saturday Night Live appearance on May 8. On Wednesday, Musk tweeted “The Dogefather SNL May 8,” and a great number of people assume dogecoin will be mentioned to some degree on the show. Dogecoin Captures a…

A chief economist at UBS, the largest bank in Switzerland, sees a number of problems with bitcoin. In attempting to answer the question of whether the cryptocurrency defies the zeitgeist, he claims that “bitcoin is denied to those minority groups who have reduced online access.” UBS Chief Economist Sees Multiple Problems With Bitcoin Paul Donovan,…

Bitcoin disperses the fog which enshrouds the good work capital can produce if allocated in a sound manner. Rule III: Do Not Hide Inflation in the Fog A reimagination of “Beyond Order” by Jordan Peterson through the lens of Bitcoin. Preface This writing mirrors the exact chronological structure of “Beyond Order,” offering reflection through a…

Here are the key takes: ·       BTC is transitioning from a short-term liquid asset to a long-term illiquid asset. ·       A massive rebranding of Bitcoin as an elite digital asset at par with gold appears to be ongoing. ·       Long term holders are mopping off BTCs from short-term holders for keeps. ·       BTCs legitimacy is re-fortified. The past week…

The price trajectory of bitcoin over the last few months has been an interesting one. After plunging to around $5,400 at the start of the COVID pandemic in 2020, the world’s most significant digital asset saw its price climb steadily following greater crypto adoption as a result of the overflowing turmoil and increased institutional support….

After some consolidation at $55,000 over the last few days, the world’s largest cryptocurrency Bitcoin (BTC) is once again showing northward momentum. Bitcoin (BTC) has jumped back 10% moving above $58,000 levels. At press time, BTC is trading at a price of $58,099 with a market cap of $1.086 trillion. As per data from CryptoQuant,…

Visa CEO Al Kelly says that the payments giant is leaning into the cryptocurrency space “in a very, very big way.” He outlines five key areas of crypto opportunities that Visa is focusing on, stating that his company is “extremely well-positioned.” Visa Is Focusing on 5 Crypto Areas During Visa’s earnings call for the period…

Investment bank Goldman Sachs has compiled a list of 19 large-cap stocks with cryptocurrency exposure that have massively outperformed the S&P 500. “On average, these stocks have dramatically outperformed the S&P 500 during the last several months alongside the surge in the price of bitcoin,” the firm wrote. 19 Stocks With Crypto Exposure That Outperformed…

Fundstrat Global Advisors’ most recent “Weekly Crypto Briefing” and the company’s lead digital asset strategist, David Grider, opines a target bitcoin price of $100k per coin is still “intact.” Moreover, Fundstrat believes that the price of ethereum will reach a $10k target, while the entire crypto-economy is “on pace to hit $5 trillion.” Fundstrat Maintains…