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Fri Jan 3 3:20 PM

$5 million worth of Bitcoin just moved for the first time since 2010

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Movements from old Bitcoin wallets are always an exciting development. That said, it wasn’t Satoshi who moved these ones.Bitcoin movedOver 100 Bitcoin just moved from an old wallet, on-chain data showed. The coins have been lying in the wallet since 2010 when they were...

Square Records 1 Million First-Time Bitcoin Buyers in January

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The CFO further revealed that Square’s Bitcoin investment represents 5% of the company’s cash. She noted that Square has a long-term vision on the investment.The chief financial officer at Square Inc (NYSE: SQ) Amrita Ahuja, said that the company’s Cash App platform recorded 1...

Klarna CEO Expresses Concern on Tweets Promoting Bitcoin

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Klarna CEO said tweets promoting Bitcoin may encourage retail traders to invest in the digital asset without considering the risks involved.Sebastian Siemiatkowski, the CEO of European fintech giant Klarna, said he is “deeply worried” about how tweets have been increasingly promoting Bitcoin.For Siemiatkowski, the...

Craig Wright Threatens to Sue and ‘Bankrupt’ Bitcoin Developers, Demands Access to Mt. Gox’s Stolen Coins

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Self-claimed Bitcoin inventor Craig Wright wants developers to do the impossible and help him restore access to his 110K Bitcoin lost during the Mt. Gox theft. He threatens them with legal actions in case they fail to help him.The self-acclaimed Satoshi Nakamoto Craig Wright...

Number of Crypto Users Worldwide Strikes Increase of 16%, Hits 106M

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The two largest cryptocurrencies by market cap saw massive growth in users in January this year.The number of crypto users worldwide strikes an increase of about 16% as Bitcoin and the entire cryptocurrency market experienced incredible growth from January this year, Crypto.com analysis shows.Due...

Charlie Munger Rebukes Tesla and Bitcoin Valuations, Warns Investors about Robinhood

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Charlie Munger was clear that in his opinion: Bitcoin could not become a medium of exchange due to its volatility.Berkshire Hathaway vice chairman and Warren Buffett‘s right-hand man Charlie Munger has criticized recent developments around Bitcoin, Tesla Inc (NASDAQ: TSLA), SPACs and trading platform...

MicroStrategy CEO Says 1B People Would Store Life Saving in Bitcoin Using Phones by 2026

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According to Michael Saylor, anyone with access to a mobile phone can save in Bitcoin regardless of what part of the world they live in.The CEO of MicroStrategy Inc (NASDAQ: MSTR) Michael Saylor said that 1 billion people would have stored their life savings in...

MicroStrategy buys another $1 billion worth of Bitcoin

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Business intelligence firm MicroStrategy has added yet another $1 billion worth of Bitcoin (BTC) to its balance sheets, according to an announcement published today.“MicroStrategy Incorporated today announced that it had purchased an additional approximately 19,452 bitcoins for approximately $1.026 billion in cash at...

SEC Commissioner Hester Peirce Calls for ‘Legal Clarity and Freedom to Experiment’ for DeFi

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Saying that DeFi promises democratization, open access, transparency, predictability, and systemic resilience, Peirce mentioned the risks related to the industry. They include security vulnerabilities, scaling problems, and faux decentralization.On Monday, US Securities and Exchange Commission (SEC) Commissioner Hester Peirce delivered a speech for the...

Jack Dorsey’s Square Announces Fresh $170M Bitcoin (BTC) Purchase

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Square announced an additional Bitcoin (BTC) purchase of $170 million buying the dips after BTC price crashed sub $46K levels on Tuesday in a marketwide correction.As Bitcoin (BTC) enters a steep correction on Tuesday, February 23, big corporates jump in to make the most...