Bitcoin

Bitcoin
Bitcoin Now Worth More than Visa and Mastercard Combined

Bitcoin (BTC) accomplished more than hit $60,000 per coin a week ago — it also became worth more than the world’s three greatest banks consolidated. According to publicly available data, the biggest digital currency outperformed the three highest valued financial…

Bitcoin
Tether Agrees to $18.5 M Settlement with Bitfinex and Submits to Quarterly Reporting

Bitfinex and Tether settled with the Office of the New York Attorney General in the landmark case against Tether. New York authorities claimed that Tether distorted how much Tether (USDT) coins were upheld by fiat security. The settlement requires Bitfinex…

Banks cryptocurrency
Goldman Sachs adds Bitcoin asset class after reasoning out ‘Bitcoin is not an asset class’ last year

Cryptocurrencies and the underlying blockchain technology are gaining high level of acceptance among more mainstream institutions and investors. As institutional investment on cryptos rise rapidly, significant pressure is building on Wall Street Banks to accept Bitcoin (BTC) as a legitimate asset class.…

Bitcoin
New Zealand Firm Launches NZD Backed Stablecoin

Auckland-based financial service provider Techemynt announced the launch of a stablecoin reportedly backed by the New Zealand dollar. In a statement from Techemynt today, the firm announced it had launched a cryptocurrency backed 1:1 by the New Zealand dollar and…

Banks cryptocurrency
Major Swiss Retailers Set to Debut Bitcoin Giftcards

Switzerland’s crypto boom has entered another dimension with retailers rolling out Bitcoin (BTC) vouchers and gift vouchers. As indicated by Swiss daily Tages-Anzeiger, Manor — the country’s biggest retail chain — is now selling Bitcoin voucher cards in 59 of…

Bitcoin
IRS Clarifies Reporting for Crypto bought with Fiat

The United States IRS has explained that crypto investors who just bought digital assets utilizing fiat and didn’t sell during 2020 don’t have to report said exercises. The United States Internal Revenue Service, or IRS, has refreshed its FAQ segment…

Altcoins
Weekly Price Analysis for Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) March 2nd to March 8th

Bitcoin is going through another price correction for the day as the top crypto is experiencing a minor dip with 11% for the week. Ethereum seems to be going through a similar scenario, with more bullishness on the side of…

Bitcoin
Major Tech and Wall Street Institutions buys Bitcoin as the coin surges

There are now more institutions than ever before expressing interest to hold Bitcoin New trend of institutional investment will continue as there various instruments backed by Bitcoin emerge MicroStrategy holds 71,079 BTC in reserve, equivalent to over $3 Billion Institutional…

Bitcoin
Square Announces Huge BTC Acquisition as Part of its Financial reporting

Square, Inc. (NYSE: SQ), a company that assembles devices to engage organizations and people to partake in the economy posted its outcomes for the final quarter and entire year of 2020. The posting was made on the Financials segment of…

Bitcoin
Mastercard to Accept Some Crypto Payments Later this Year

Mastercard Inc. said Wednesday that it would start permitting shippers to acknowledge crypto payments on its organization not long from now. This represents one of the latest cases of digital currency payments endorsement by a traditional payments player. “We are…