Bitcoin News

Bitcoin's Smallest Unit: Billionaire Mike Novogratz Wants Crypto Ex…

Mike Novogratz, the CEO of Galaxy Digital, wants exchanges to start listing in the smallest unit of bitcoin otherwise known as “satoshis”. On May 8, Novogratz tweeted out to a number of crypto exchange executives and asked “which exchange will be first to quote in SATS?”

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Ukraine’s Public Radio Launches Podcast With an Episode on Bitcoin

In an attempt to expand and diversify its audience, the public radio of Ukraine has recently entered the world of podcasts. Listeners have been invited to choose among a variety of topics and genres. A podcast devoted to personal finance management and financial literacy kicks off with an episode about Bitcoin.

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New SEC Chairman Unveils Policies for Cryptocurrencies, Calls Bitco…

The new chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has shared his view on how the SEC plans to regulate cryptocurrencies, particularly bitcoin. He calls bitcoin “a digital, scarce store of value” and stresses the need to put in place some investor protections for this asset class.

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Hundreds of Banks in US to Allow Customers to Buy, Sell, Hold Bitco…

Hundreds of banks in the U.S. will reportedly start offering access to bitcoin to their customers this year, thanks to a partnership between Fidelity National Information Services and the New York Digital Investment Group. Hundreds of banks have enrolled to participate in the program as they see funds moving from bank accounts to crypto exchanges.

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How Did Satoshi Nakamoto Remain Anonymous? A Detailed Look at the B…

The creator of the world’s first successful blockchain network has been an enigma ever since the mysterious inventor released the white paper over 12 years ago. Interestingly, Satoshi Nakamoto worked on the Bitcoin project publicly for 25 months and 13 days, all while being able to remain completely anonymous.

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Bitcoin Depot Deploys Over 350 ATMs in the US, Global Number Exceed…

Cryptocurrency ATM operator Bitcoin Depot has launched 355 new teller machines across the United States. The announcement comes as the number of ATM locations supporting crypto-fiat exchange now exceeds 19,000 globally.

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Bitcoin Is Number One Pick — Asset Manager Confident BTC Will Tak…

At CNBC’s Stock Draft, an annual stock-picking competition, bitcoin was the number one pick. Tim Seymour, the founder of Seymour Asset Management, believes that the government will come out with regulations that support bitcoin. He is confident that the cryptocurrency will take him “to the top” this year.

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Some African Crypto Users See Bitcoin as an Alternative Source of R…

Bitcoin use cases in African countries continue to expand with the latest one being its use as an alternative source of retirement income. On a continent plagued by high inflation and unstable currencies, bitcoin, which is decentralized and censorship-resistant, is seen “as a safer source to contribute to for retirement.”

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Customers From Latin American E-Commerce Giant Mercado Libre Can Bu…

The biggest e-commerce store in Latin America is the latest major company in the region to join the crypto adoption movement. Mercado Libre is now allowing its customers to buy a selected number of properties from real estate agencies with bitcoin.

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Japan's Gaming Giant Nexon Buys 1,717 Bitcoins — Company Says BTC…

Japanese gaming firm Nexon has purchased 1,717 bitcoins for approximately $100 million. The company believes “bitcoin offers long-term stability and liquidity while maintaining the value of our cash for future investments.”

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Over $4 Billion in Bitcoin Options Set to Expire Friday, BTC Deriva…

Bitcoin options markets are set to see a large expiry on Friday as more than 77,000 BTC worth over $4 billion in derivatives contracts are set to expire. The lion’s share of bitcoin options stems from the derivatives trading platform Deribit, as the exchange has more than $11 billion in open interest today.

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Elon Musk Confirms He Owns Bitcoin, Has Not Sold Any — Tesla Intend…

Tesla CEO Elon Musk has confirmed that he owns bitcoin and has not sold any of his holdings. His company Tesla, however, has sold some of its bitcoins, which Musk says it’s “essentially to prove liquidity of bitcoin.” Tesla’s Master of Coin says the company believes in the value of bitcoin and will keep holding the cryptocurrency long term as well as accumulating from car sales.

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Fund Manager Bill Miller Says Bitcoin Is Not a Bubble — BTC Enterin…

Bill Miller, the founder and chief investment officer of Miller Value Partners, does not think bitcoin is a bubble. Instead, he said it is at the beginning of mainstream adoption. Remaining bullish on the cryptocurrency, the famed value investor explained that bitcoin’s price will rise as the demand for the crypto is growing faster than its supply.

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Bitcoin's Market Dominance Slides to 50%, While Ethereum's Valuatio…

Bitcoin dominance, the metric that measures bitcoin’s overall market capitalization against all the other crypto asset valuations has dropped considerably in recent weeks. At the end of February, bitcoin dominance levels started sliding downward from 61% to today’s 50%.

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Investment Manager Guggenheim Warns of 'Major Correction' in Bitcoin

Guggenheim CIO Scott Minerd has warned of a “major correction” in bitcoin in the near term. Claiming that bitcoin is “very frothy,” he is forecasting a 50% decline in the price of the cryptocurrency.

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Federal Reserve Bank President Says Bitcoin Is Clearly a Store of V…

The Federal Reserve Bank of Dallas president says bitcoin is clearly “a store of value.” Emphasizing the differences between cryptocurrencies, like bitcoin, and central bank digital currencies, he said the latter “won’t necessarily be a store of value.”

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Whales Move Over $4 Billion in BTC During Sunday's Market Carnage,…

After bitcoin and a myriad of other crypto-assets tumbled in value on Sunday a number of significant whale movements took place. During the morning trading sessions on Sunday (EST), an old school miner transferred three decade-old coinbase rewards with 150 bitcoin worth more than $8.5 million.

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Bank of America Survey: 74% of Fund Managers See Bitcoin as a Bubble

The most recent Bank of America Fund Manager Survey shows that about three out of four professional investors think that bitcoin is a bubble. The fund managers also rated bitcoin second on the list of the most crowded trades. Recently, investment bank JPMorgan also warned that cryptocurrency as a sector is in a bubble.

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Insurance Giant AXA Allows Swiss Clients to Pay for Services With B…

The French multinational insurance firm AXA is now allowing clients in Switzerland to pay for services in bitcoin. The newly added support is part of the company’s “digital future” and stems from customer demand for crypto payments.

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TIME Magazine Gets Into Bitcoin: Partners With Grayscale, Will Hold…

TIME Magazine will be holding bitcoin on its balance sheet, the company’s president has confirmed. TIME is also partnering with Grayscale Investments to produce a video series on cryptocurrency and has agreed to be paid in bitcoin.

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Bitcoin Price Taps New All-Time High, Analyst Says 'Fertile Grounds…

The price of bitcoin has crossed a new all-time high (ATH) on Tuesday, as the leading crypto asset has jumped to $63,275 per unit during the early morning trading sessions (EST). At the time of publication, the entire market economy with over 9,203 cryptos is valued at $2.153 trillion with $164 billion in global trade volume.

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Report Claims Ukrainian Officials Hold Over $2.6 Billion in Bitcoin

The latest declarations from Ukrainian public officials revealed a billion-dollar amount of money they allegedly own in bitcoin. An online incentive gathered data from 791,872 state employees and 652 respondents disclosed their crypto holdings.

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Chinese Tech Firm Meitu Buys 175 Bitcoin, Treasury Now Holds $100 M…

The China-based smartphone and internet app maker Meitu has announced the acquisition of $10 million worth of bitcoin for its treasury after the firm purchased digital assets two times prior last month. The company’s cryptocurrency holdings now stack up to $100 million worth of ethereum and bitcoin.

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Chinese Lottery Firm Rebrands, Purchases Bitcoin Mining Rig Manufac…

Following the acquisition of the Chinese mining pool Btc.com, the China-based lottery company 500.com revealed the purchase of a bitcoin mining rig manufacturer Bee Computing. The Shenzhen firm purchased the semiconductor and mining device manufacturer for roughly $100 million in a share exchange agreement.

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Starbucks Customers Can Now Pay With Bitcoin via Bakkt's Digital Wa…

Starbucks customers can now pay for items with bitcoin by leveraging the Bakkt digital wallet application. Bakkt’s CEO, Gavin Michael explained that 500,000 users participated in testing before the launch, as the company says it looks forward to expanding crypto assets to everyone.

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SEC Filing Shows Blackrock Held Bitcoin Futures Contracts Worth $6.

After signaling its intention to get exposed to bitcoin, Blackrock, the world’s largest asset manager, has now revealed its initial investments toward the crypto asset. According to the asset manager’s filing with the Securities and Exchange Commission (SEC) on March 31, Blackrock, through its Global Allocation Fund, held 37 bitcoin futures contracts worth $6.15 million.

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Music Company Founded by Dr. Luke Enables Bitcoin Payments for Song…

Bitcoin mainstream adoption is not limited to celebrities endorsing the cryptocurrency via social media or interviews on TV. The music industry is also interested in joining the bandwagon, with an independent publishing company recently enabling bitcoin payments.

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New Data Shows Bitcoin Captured Net Gains For Six Consecutive Months

According to Bloqport’s latest data, bitcoin, which ended the month of March with an overall gain of 29%, has now been in the green for six consecutive months. The data also shows that the crypto asset’s value has nearly doubled from its December 2020 closing price of $29,383 to its current value of $58,647.

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Exotic Car Rental MPH Club Now Accepts Bitcoin

MPH Club announced that they will allow their clients to pay in bitcoin to rent cars. MPH Club is a Miami-based exotic and luxury car rental that allows their customers to vacation in style. Their fleet includes the newest models from Lamborghini, Ferrari, McLaren, Rolls Royce, and others.

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New Zealand Fund Invests 5% in Bitcoin— CIO Says You 'Can’t Rea…

A New Zealand hedge fund, NZ Funds Management, which had $350 million worth of assets under management at the end of December 2020, says five percent of its money is invested in bitcoin. According to the firm’s CIO James Grigor, bitcoin is also set to be featured in more of its Kiwisaver investment schemes within the next five years.

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