The American Cancer Society, a 103-year-old voluntary health organization has joined the growing list of firms embracing Bitcoin and cryptocurrencies. According to its website, the organization has launched what it dubbed the “first-ever cancer fund exclusively funded by cryptocurrency donations” – the Cancer Crypto Fund. Following Bitcoin’s Bull Run, the
In what can be dubbed yet another win for the crypto community, giant social media platform Reddit has announced a partnership with the Ethereum Foundation. The move which is Reddit’s first-ever blockchain partnership will help to speed up scaling and resources for the Ethereum ecosystem. While making the announcement,
As a follow up to his first gloomy prediction on the price of Bitcoin, Guggenheim’s CIO Scott Minerd has dropped another bearish prediction. Speaking to Bloomberg TV, Minerd said that Bitcoin is not receiving enough institutional funds to keep it above $30,000. According to the chief investment officer,
According to new findings from Binance Research, nearly 100% of cryptocurrency users around the globe are confident that the tech is here to stay. This is in contrast to what some government officials have said. The Bank of England Governor, Andrew Bailey, had earlier said that cryptos would not last.
Bitcoin has fallen below $30,000 for the second time this month. The number-one cryptocurrency by market cap was exchanging hands at $29,850 at press time, representing a 5.7% drop in the last 24 hours. With its key support at $30,000 broken, Bitcoin may fall even lower
For the past two years, Kevin Rooke, a tech researcher has been tracking the Bitcoin holdings of public companies. His findings reveal that the number of public companies holding Bitcoin increased by 400% in 2020. According to Rooke, public firms have accumulated over $3.6 billion worth of the digital
Prominent Bitcoin billionaire and venture capitalist, Chamath Palihapitiya, is interested in becoming California’s next governor. Judging from a tweet yesterday, the CEO of Social Capital appears to be serious about running for the position of California governor. The tweet linked to his new website which has a bold caption
According to crypto data provider, CoinMetrics, the realized cap of Ethereum rose to new all-time highs in January, an indication that big-time players are beginning to accumulate the digital asset. In January alone, Ethereum’s realized capitalization rose by nearly 50%, setting a new all-time high above $70 billion. Realized
While global regulators have recently become very vocal on Bitcoin’s use as a tool for illicit financing, Grayscale’s newly-appointed CEO Michael Sonnenshein believes that education is the missing link. While speaking to Bloomberg on Monday, Sonnenshein said that individuals who understand how digital assets work know that bitcoin
Crypterium, a KPMG-awarded financial technology company, has opened the pre-registration for investors looking to participate in a closed private equity sale on Seedrs—one of Europe's largest equity crowdfunding platform with over £1 billion invested, registered and regulated by the UK Financial Conduct Authority (FCA), a recent press
Opinions
In the ten-plus years Bitcoin and cryptocurrencies have existed, the debate has been based on the blockchain’s potential and how it can help solve many problems that existed, especially in the financial world. It has become clear the technology isn’t perfect within the period and has a long
Speaking in a virtual meeting organized by the World Economic Forum, the Bank of England Governor, Andrew Bailey, has rebuffed claims that bitcoin could replace fiat currencies. According to him, the design and structure of digital assets will prevent them from having any long-lasting impact on traditional finance. While several
A recent collation of studies compiled by SimpleMoneyLife shows that 67% of millennials prefer holding Bitcoin to gold. Millennials are those between the ages of 25 and 40 years. The research referenced a study by deVere Group which claimed that those in this age group see Bitcoin as a superior
In a recent interview on CNBC’s Squawk Box, Goldman Sachs senior chairman Lloyd Blankfein gave reasons why regulators should be worried about Bitcoin’s meteoric rise. According to him, regulators could have a hard time tracking illicit transactions. Blankfein believes that the relatively anonymous nature of Bitcoin makes it
Institutional investors are not the only ones gobbling Bitcoin. Several universities, including Harvard, Yale, the University of Michigan, and Brown University have been silently channeling their endowments to Bitcoin, CoinDesk reported. Citing two anonymous sources familiar with the matter, the report noted these multi-billion dollar endowments have been going into
News
Despite continued downward pressure on the price of Bitcoin and failing to retake $40k, Glassnode believes that the digital asset is ready for a comeback. As reported by BTC PEERS, there have been several predictions suggesting a further drop in Bitcoin’s price. Guggenheim CIO recently predicted a decline to