Frank Holmes, CEO of investment management firm US Global Investors, has said Bitcoin’s decentralized nature is the main reason why the cryptocurrency has beat gold in terms of attracting investors, …
MoreTag: BTC
Bitcoin (BTC) jumps on China’s Lehman Brothers
Bitcoin is up some 10% since Monday, rising from $44,000 to above $48,000 at the time of writing, with eth also touching $3,500. Numerous factors are contributing to a bit …
More
Golden cross for Bitcoin. Continuation of bull run or false signal?
However, historical analysis shows that sometimes the golden cross in the cryptocurrency market has been a false signal. It seems that it is impossible to understand the significance of this …
More
After El Salvador, how long until Bitcoin takes over the world?
Here at Bitcoinist, we’re going to let the people speak. It’s been one week since the first country adopted bitcoin as legal tender and we’re already thinking about the hyperbitcoinization …
More
The world’s largest corporate Bitcoin (BTC) holder goes even bigger
Software firm MicroStrategy, the world’s largest corporate Bitcoin holder, purchased an additional 5,050 Bitcoins for US$242.9 million at an average price of US$48,099 per Bitcoin. Bitcoin was trading 3% lower on Monday, …
More
Bitcoin bounces back after rebound from support
This caused a breakout from a short-term parallel descending channel. BTC is now approaching the $47,850-$49,050 resistance area. After reaching a low of $43,400 on Sept 13, BTC has rebounded …
More
El Salvador will exempt foreign investors from tax on Bitcoin (BTC) price gains
Foreign investors will not be required to pay taxes on profits from Bitcoin, a government adviser told the AFP this week. Javier Argueta, legal adviser to President Nayib Bukele, told the news …
More
Bitcoin (BTC) stands still at $46K as Tezos (XTZ) skyrockets 25% to 4-month high
Bitcoin continued to consolidate in the past 24 hours as it failed to breach $47,000 decisively and is back to $46,000. Most alternative coins have retraced in the same timeframe. …
More
Billionaire Cooperman: “If you don’t understand Bitcoin, you are old”
While still maintaining that bitcoin doesn’t make much sense, the US billionaire Leon (Lee) Cooperman recently indicated that those who fail to understand the cryptocurrency might just be too old. …
More
El Salvador’s largest bank to support Bitcoin for loans, credit cards & other services
The use of Bitcoin in El Salvador has not had the best of starts. Still, financial institutions are already doing their best to comply with the law. Bancoagrícola, the country’s …
More