While the short-term price target of Bitcoin is looking bleak following Tesla’s announcement that it would no longer accept the digital asset for car payments, Fundstrat’s Tom Lee is still very bullish. Lee told Business Insider that he expects Bitcoin to hit $125,000 by the end of
Several crypto heavyweights have taken time to school Tesla’s CEO Elon Musk on the value proposition of Bitcoin. On Sunday, Musk, in his usual manner, tweeted about Dogecoin. However, his tweet provoked a terse response from several high-profile crypto figures, including MicroStrategy’s Michael Saylor. Recall that on May
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Many industries are gradually embracing blockchain technology and cryptocurrency to adapt to the rapidly changing world. Spacelens, a decentralized e-commerce platform, is one of the leading companies championing blockchain integration in e-commerce. These companies like Spacelens are leveraging blockchain technology to offer new shopping experiences to their customers. Online peer-to-peer
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Plutus, a DeFi start-up that is pioneering the crypto card sector has secured a $5 million funding from a prominent crypto fund, Alphabit. As one of the only working cards within the DeFi niche, the funding could be the catalyst for a huge uptick for the company, something the community
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The DeFi industry has massively disrupted traditional finance, offering a borderless, trustless solution to millions of unbanked individuals around the world. With over $85 billion locked in DeFi protocols, the power that decentralised finance wields has become too big to ignore and, with interest and investment from the world’s
Bitcoin * As part of its economic recovery plan, Hungarian lawmakers are planning to give Bitcoin investors tax cuts. * Software and data analytics company Palantir now accepts Bitcoin payments. There are also plans to add the leading cryptocurrency to its balance sheet. * This week’s title of Bitcoin’s biggest critic
It is commonly said that what is good for the goose is also good for the gander. Although South Korean regulators are yet to place an outright ban on cryptocurrencies, the country has imposed relatively stringent restrictions. But while residents are still allowed to buy and sell cryptocurrencies, regulators are
On Wednesday night Tesla’s CEO Elon Musk shocked the entire crypto community when he announced that his electric-car company was no longer going to accept Bitcoin payments amid energy concerns. The news sent the price of Bitcoin and other top cryptocurrencies crashing, with the flagship cryptocurrency plunging to $47,
MicroStrategy has continued to walk the talk, constantly reaffirming its confidence in Bitcoin. The business intelligence firm spent another $15 million on Bitcoin on Thursday. CEO Michael Saylor disclosed the $15 million purchase on Twitter. MicroStrategy added another 217 Bitcoin to its strategic reserves at an average price of $55,
According to a Bloomberg report, Binance Holdings is under investigation by the US Justice Department and Internal Revenue Service over money laundering and tax evasion concerns. The news broke yesterday, sending the entire cryptocurrency market into a downward spiral. Bloomberg’s report came shortly after the electric-car maker Tesla announced
Sotheby’s crypto-based art auction has raked in a whopping $13 million. Banksy’s iconic protest artwork “Love is in the Air” was sold by Sotheby on Wednesday. As reported by BTC PEERS, Sotheby, a prominent auction house, had earlier announced that it would accept Bitcoin in the upcoming Bansky
Bitwise Asset Management has launched a new crypto ETF that offers exposure to the shares of publicly-listed firms that operate in the blockchain and cryptocurrency industries. The move appears to be a smart one since the U.S. Securities and Exchange Commission (SEC) is yet to approve any direct-exposure crypto
Decentralized autonomous organizations (DAOs) are a form of self-governing and democratized governance that are becoming increasingly popular. To launch a DAO, it is important to define the goals and purpose of the organization, create a community of individuals who align with those goals, establish funding goals and a treasury, allocate
Talk about the effects of being one of the world’s richest men. Following an announcement from Tesla’s CEO Elon Musk that his company would no longer accept Bitcoin payments for its cars, the entire cryptocurrency market has been sent crashing. On Wednesday night, Musk tweeted that Tesla was
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Craig Wright, the self-proclaimed Satoshi Nakamoto, is fighting tooth and nail to prove that he is indeed the founder of Bitcoin. In his latest squabble, the Australian computer scientist has launched a lawsuit against 16 Bitcoin developers. His mission is to retrieve $5.7 billion worth of Bitcoin. According to
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Fantom, the highly scalable blockchain platform that revolves around speed and security — has continued to see exponential levels of growth, putting the network in a position to cross the 10 million total transactions mark today. The passing of this major milestone comes just two weeks after Fantom reached their initial