In what may be considered to be the peak of the Bitcoin craze, authorities in the Khyber Pakhtunkhwa (KP) province of Pakistan have deployed two state-owned bitcoin mining farms. Yes, you read that right. The government of Pakistan is now mining Bitcoin. KP is one of the four provinces in
Yesterday, popular musician and YouTuber, Ali Spagnola, shared a video explaining how she became “accidentally bitcoin rich.” Spagnola was thrilled that a $50 gift in Bitcoin that she received in 2013 was now worth more than $39,000. For some context, her initial $50 has increased by 78,000%. Here&
James Howells is an IT engineer who accidentally threw away a hard drive containing 7,500 Bitcoins while cleaning his house in 2013. Since then he has made several unsuccessful appeals to Newport city council officials to allow him to excavate a landfill site in the hopes of recovering the
Following a surging demand for cryptocurrencies from its users, eToro has issued a warning of possible limitations in the coming weekend. The Israel-based exchange platform told customers in an email that it is struggling to meet up with the rising demand. And as such, customers could face “possible limitations to
New data from Santiment suggests that the number of Ethereum whales is on the rise. Ethereum accounts holding at least 10,000 ETH have risen from 1,171 to 1,220 in the last two weeks. The 4.2% rise is an indication that “big money” players are confident about
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FinCEN is crafting legislation that will require banks to keep records on many crypto wallet holders but should you care? For hardcore Bitcoiners, increased adoption has been a double-edged sword. The price of Bitcoin (BTC) has skyrocketed with individual investors trading in disparate ways as well as increased institutional investment.
In a recent interview with Chris Jaszczynski of MMCrypto, Michael Saylor, CEO of MicroStrategy, said that a bet on Bitcoin is better than a bet on tech stocks. The CEO has been very vocal about Bitcoin and its potentials since his company gained exposure late last year. It is worth
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The woes of XRP appear to be compounding following a series of exchange delisting and liquidation from institutional players. A few days after suspending its XRP Trust Fund and liquidating XRP positions from its Digital Large Cap Fund, Grayscale has finally moved to dissolve its XRP Trust. In a press
A survey published by crypto index fund provider, Bitwise, has revealed that nearly 50% of investment advisors have allocated capital towards crypto assets over the past year. The assessment was conducted in December in partnership with ETF Trends, an investment website. It quizzed 1,000 financial advisors on their crypto
In a recent interview with Yahoo Finance, Mike Novogratz revealed that institutional appetite for Bitcoin is still on the rise. According to the CEO of Galaxy Digital and former hedge fund manager, the new class of institutional investors seeking Bitcoin exposure doesn’t “have their fill yet.” Novogratz said: The
We’ve all heard the story of the Billionaire that never was. Apple’s third co-founder, Ronald Wayne, owned 10 percent of the company. But barely two weeks after the company launched, Wayne sold his stake back to the other co-founders. With Apple’s valuation exceeding two trillion dollars, he
The chairman of Ruffer Investment Company, a UK investment firm, has dubbed Bitcoin a nonsensical asset that still makes sense. In November, Jonathan Ruffer diverted some of his company’s gold holdings into Bitcoin; a move that would have been very profitable. Bitcoin was priced between $13,700 and $19,
Despite reaching a new high of $42k and quickly retracing to around $30k, crypto analysts and industry execs are confident that Bitcoin could reach $100k by the end of the year. Although Bitcoin appears to be recovering and is trading at around $34,500 as of press time, there are
According to strategists at JP Morgan, an approval of Bitcoin exchange-traded funds (ETFs) in the U.S. could be bad for the price of Bitcoin in the short term. The strategists claim that an ETF could see massive outflows from Grayscale’s crypto trusts and this could lead to a
Crypto-savvy Gary Gensler is expected to be named the new chairman of the U.S. Securities and Exchange Commission (SEC). According to a report by Reuters, the new chairman will replace Elad Roisman in the coming days. Gensler was the former chairman of the Commodity Futures Trading Commission during the
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British multinational investment bank, HSBC, has stopped accepting transactions from cryptocurrency exchanges. While the reason for the move is still unclear, the new development coincides with a warning from the UK’s Financial Conduct Authority (FCA) that investors could lose their entire cryptocurrency holdings. Following the new restriction from HSBC,