Bitcoin

Invesco releases a new Exchange-traded Product physically backed by bitcoin.

Investment management firm Invesco has unveiled a new physical backed bitcoin ETP, tracking CoinShares Bitcoin Hourly Reference Rate index. The Invesco Physical Bitcoin ETP has a fixed 0.99% annual fee. The BTC will be held by Zodia Custody, a...

The crypto market cap is up by $130 billion as bitcoin’s price surges $4,000 overnight.

The entire capitalization of the cryptocurrency market increased by $130 billion in a single day as the original cryptocurrency bitcoin skyrocketed to $58,000. Following a few consecutive days of price slides, bitcoin finally bounced off by adding $4,000 of...

Bank of England’s governor voiced concerns about El Salvador choosing bitcoin as a national currency.

The governor of the Bank of England has voiced concerns about the Central American country El Salvador choosing bitcoin as a national currency. Citing a recent warning by the International Monetary Fund (IMF) against bitcoin's use as legal tender,...

Anthony Scaramucci sees bitcoin’s recent drop as ‘Black Friday sale of crypto.’

All cryptocurrencies dropped massively yesterday amid the fears of a new strain of COVID-19 that had speculators and analysts brainstorming scenarios of a possible new lockdown. Recently, scientists discovered the B.1.1.529 variant of the coronavirus. It has a high...

Bitcoin falls below $56,500 as the entire crypto market sees red.

Bitcoin prices suffered some weakness today, dropping to their lowest since mid-October, as market observers cited several factors as potentially triggering these declines. The world's leading cryptocurrency depreciated to as low as $55,460.96 today, according to CoinMarketCap. In addition,...

IMF warns El Salvador of using bitcoin as a legal tender.

El Salvador should not use bitcoin as legal tender due to the financial and consumer risks it poses, the International Monetary Fund (IMF) staff wrote in a concluding statement related to a mission in the Central American country. El Salvador had...

El Salvador plans to build the world’s first “Bitcoin City,” president Nayib Bukele reveals.

According to the Reuters report, El Salvador is planning to build the world's first "Bitcoin City," funded initially by bitcoin-backed bonds, President Nayib Bukele said on Saturday. He doubled down on his bet to harness the cryptocurrency to fuel...

U.S. Justice Department is selling the $56 million worth of crypto it seized from the BitConnect Ponzi scheme.

The infamous BitCoinnect Ponzi scheme allegedly cheated many people across the U.S. out of more than $2 billion worth of Bitcoin. The U.S. Justice Department is selling the $56 million USD worth of cryptocurrency it seized in the elaborate...

Australian baseball team Perth Hear will pay its players and staff in bitcoin.

Australian Baseball League team, the Perth Heat, say they will become the first club in professional sport to pay its players in Bitcoin as part of a new sponsorship agreement. The baseball team will pay players and staff in...

Institutional inflow for bitcoin amounted to $97.5 million last week.

A CoinShares weekly report shows that institutional traders have locked in a record sum of capital into bitcoin investment products. A total of $97.5 million flowed into bitcoin last week, while the total inflow for cryptocurrencies totaled $150.9 million. This is...

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Olaf Scholz-led government in Germany will support cryptocurrencies and blockchain.

Germany is transitioning to a new government after 16 years under the leadership of Chancellor Angela Merkel. The new...