Bitcoin printed the big green monthly candle of January with a crazy gain of 43%. Bitcoin recorded the highest monthly ROI after 14 months and 49% YTD. A lot of factors participated in this rally and I will be covering…
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Former Coinbase Executive Admits to Insider Trading Scheme
A former product manager of Coinbase Global Inc., Ishan Wahi, pleaded guilty in what is being considered the first-ever insider trading case related to cryptocurrency. The 32-year-old appeared in a federal court in Manhattan and pleaded guilty to two counts…
Cardano Considers Two-Sided Approach to Staking with Hoskinson’s Contingent Staking Model
As Sec Boss Gary Gensler reigns in on noncompliance in the crypto space, Cardano founder Charles Hoskinson has touted a model of operation that could save the industry from legal trouble. Contingent Staking The model by Hoskinson proposes a new…
Walmart and Sam’s Club venture into the future of finance with NFT and Cryptocurrency Trademark Filings”
Sam’s Club, a subsidiary of Walmart, has taken a major step in exploring the potential of blockchain technology. The company has filed several patents related to cryptocurrencies, non-fungible tokens (NFTs), and virtual reality. This move shows that the company is…
Can Bitcoin Make You Rich?
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…
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…