Bitcoin

The value of 1 Bitcoin went back above the $50,000 psychological level after Jack Dorsey’s Square revealed that they had purchased 3,318 BTC for $170 million at an average price of $51,236 per coin.Bitcoin (BTC), the world’s first and biggest cryptocurrency by market capitalization,...

On Tuesday, Bitcoin price collapsed over 15% leading to the first sharp price correction this year in 2021. However, this happens after Bitcoin surged over 90% year-to-date hitting its new all-time high above $58,300.On Tuesday, February 23, Bitcoin (BTC) price tanked over 20% moving...

Two Nigerian regulatory bodies, the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC), have agreed to conduct research to regulate and govern the sector’s booming Bitcoin and crypto market.An opportunity for NigeriaAs per a report on local outlet Premium Times,...

Yesterday’s decline of the crypto market has triggered the second-largest wave of liquidations in decentralized finance’s (DeFi) history as a total of $24.1 million worth of positions got wiped, according to metrics platform DeBank.The largest amount of collateral was liquidated on DeFi platform Compound...

A long-running case regarding Tether’s alleged fake dollars and Bitfinex’s involvement in covering up parts of the former’s business have drawn to a close today.$18.5 million fineStablecoin issuer Tether and Bitfinex, a prominent crypto exchange and its parent company, have today settled with New...

The market is getting heated this week with 61.3K BTC options set to expire on Friday. This factor suggests something big is brewing with BTC price.There has been an explosion of BTC options. After a short dip towards the end of January, Bitcoin options...

Before now, strategists at JPMorgan compared Bitcoin with gold, viewing BTC as a new digital store for it.Investment banking giant JPMorgan Chase &Co (NYSE: JPM) believes that fintech, not Bitcoin, will dominate the financial services amid the persisting Covid-19. According to JPMorgan, Bitcoin is...

Though Fireblocks and BNY have refused to comment on the new partnership, sources revealed that Fireblocks and BNY Mellon have been working together for a long time.BNY Mellon (NYSE: BK) is planning to work with digital asset firm Fireblocks on its new Bitcoin custody...

Before Gates changed his view on Bitcoin from “negative” to “neutral,” the billionaire had criticized crypto anonymity. He referred to cryptocurrency as “a rare technology that has caused deaths in a fairly direct way.”Microsoft Corporation (NASDAQ: MSFT) co-founder and American billionaire Bill Gates said...

Yellen’s comments questioning Bitcoin price stability and volatility came just at a time when Bitcoin (BTC) was under heavy selling pressure and further declining 16% from its all-time high in a very short time.On Monday, February 22, US Treasury Secretary Janet Yellen issued a...