Bitcoin

Amber Group CEO says bitcoin is not a bubble anymore.

A number of entities have called Bitcoin a bubble since its inception roughly 12 years ago. Michael Wu, CEO of digital asset financial services outfit Amber Group, thinks otherwise, however. "I think it's always like this when people come...

The number of Bitcoin Whales increase by more than 200 since the start of 2021.

The number of Bitcoin whales has increased by more than 200 since the start of 2021, as per the statistics from analytics provider Glassnode. It classifies a ‘whale’ as an account that is holding over a thousand coins, which...

Blomberg’s strategist says bitcoin will continue to push towards $50,000 as investors move funds out of gold.

In a report published on Wednesday, Bloomberg's senior commodity strategist MikeMcGlone explained that Bitcoin is showing strong support at $30,000, and "increasing institutional adoption and the potential for the benchmark to become a global reserve asset" could drive the price to...

MicroStrategy continues to invest in bitcoin as its holding crosses 71,000 BTC.

MicroStrategy, one of the world's leading business intelligence firms, announced that it had bought 295 Bitcoin worth more than $10 million in cash. The recent purchase pushed the company's total Bitcoin holding above 71,000. According to the official filing, the...

Ukraine’s Ministry of Energy is considering building a bitcoin mining center to utilize its nuclear power.

Ukraine's Ministry of Energy is considering building a bitcoin mining center to utilize the country's excess nuclear power. Officials of the ministry held a discussion last week with Yevhen Vladimirov — Ukraine's deputy energy minister for digital development, Energoatom...

Bitcoin price hits $36,500 shortly after Ethereum closes above its new all-time high of $1,500.

Ethereum saw its price breakout to a new all-time high at $1,555. Increased activity in the derivatives market provided clear signals that traders were bullish on the largest altcoin's long-term prospects by market capitalization. Bitcoin's price also saw a...

Elon Musk thinks bitcoin is on the verge of broad acceptance by traditional finance people.

Tesla CEO Elon Musk has said that the leading cryptocurrency bitcoin is a "good thing" and that it is set to get mainstream attention. "I think bitcoin is really on the verge of getting broad acceptance by sort of...

Block reward miner Bit Digital faces class-action lawsuit over alleged fraud.

Block reward miner Big Digital is facing a class-action lawsuit in the Southern District Court of New York. Investors are accusing the firm of making false and misleading statements. Investors who bought a stake in the Nasdaq-listed and New...

Bitcoin billionaire CEO of Social Capital to run for California governor.

The CEO of venture capital firm Social Capital, Chamath Palihapitiya, appeared to announce his intentions to run for California governor's position in a Tweet on January 26. The post linked to his new website with a number of promises...

Bitcoin drops almost 11% as the cryptocurrency briefly trades below $30,000.

According to the South China Morning Post report, Bitcoin extended its plunge from record highs and sparking a hunt for reasons the notoriously volatile asset was selling off. One that captured attention questioned the very viability of the token...

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The Reserve Bank of India is concerned over cryptocurrencies’ impact on financial stability.

The Reserve Bank of India is concerned that cryptocurrencies may impact the financial stability of Asia's third-largest economy, a...