The use of objects with perceived value as a medium of exchange dates back to ancient times. It is believed that our ancestors traded using the barter system before money was used. We are now in the digital assets and…
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Bitcoin Plummets below $22,000 with ECB and SEC Press Release
The European Central bank raised interest rates by 50 basis points which mean 0.50%, effective from February 8th as per confirmed in the ECB press release earlier this week. This week Bitcoin closed in red loosing 7% of its value…
Bitcoin is an Insurance Policy to Protect Purchasing Power and Wealth – Cathie Wood
People listen when a veteran investor who has $60 billion under management makes a prediction. Cathie Wood, founder and CEO of Ark Invest, remains bullish on Bitcoin (BTC). She even went further and described the number one cryptocurrency as an…
Bitcoin Demand Explodes In Nigeria as Old Fiat Notes Face Invalidation
The Nigerian government’s recent decision to invalidate certain fiat notes has led to an increase in the demand for Bitcoin (BTC) in the country. The deadline set for submitting the old 500 and 1,000 naira notes has caused citizens to…
EU Banks Can Now Hold 2% of Capital in Bitcoin and Cryptocurrency
The European Union has taken a major step towards mainstream acceptance of cryptocurrency with a recent vote to allow banks to hold up to 2% of their capital in bitcoin and other digital assets. The move, which was approved by…
Bitcoin a Hyped-up Fraud and a Pet Rock – JPMorgan CEO
Bitcoin (BTC) has its share of haters. One of the most prominent is JPMorgan’s Chairman and Chief Executive Officer, Jamie Dimon. He has been a Bitcoin critic for years and even described the top cryptocurrency project as fool’s gold and…
Novogratz’s Galaxy Digital Saves Argo From Bankruptcy With $100M Mining Rig Acquisition
Michael Novogratz’s crypto-focused financial services firm, Galaxy Digital, will purchase Argo’s Helios Bitcoin (BTC) mining facility and provide an additional $35 million loan to assist with restructuring efforts. This was announced in an official press release issued by Argo Blockchain.…
Brazil Has Approved A Cryptocurrency Bill that Accepts Bitcoin As A Form Of Payment.
Lawmakers in Brazil have approved a cryptocurrency framework bill for the use of digital currencies in the Latin American country. Brazilians will be able to use Bitcoin as a payment mechanism if the legislation is implemented, and digital assets will…
New Research Shows Smaller Bitcoin Investors Are Buying As Whales Sell Off
According to on-chain data, some non-whale Bitcoin investors appear to have had no problems with the cryptocurrency bear market or the fear, uncertainty, and doubt (FUD) surrounding the demise of FTX. A Tale of Shrimps and Crabs According to research…
Binance Publishes BTC Proof Of Reserves to Reassure Customers Of Funds Safety
As promised by CZ, the CEO of Binance, the exchange has made public its proof of reserves for Bitcoin. On-chain reserves totaling more than 582,000 BTC—more than 1% of the entire amount of client deposits—back consumer funds. Proof Only Covers…