A survey from digital asset exchange Crypto.com estimated a 15.7% increase in the global crypto population, in January alone. Overall, there are 106 million global crypto users as of January 2021.  According to researcher Kevin Wang, at Crypto.com, strong growth in Bitcoin adoption happened to be the main driver for the peak. Major events lastContinue reading “Global crypto population surpasses 100 million; Boomers and Gen X now ‘keen on Bitcoin’”

Bordier & Cie SCmA, a 134-year-old Swiss bank, has decided to enter the crypto market space, which indicates another significant step in Bitcoin’s mainstream adoption. The private bank will incorporate Sygnum’s B2B banking platform to offer Bordier clients the facility to trade Bitcoin.  Other than the world’s largest digital asset, the bank’s customers can buy,Continue reading “Swiss private bank Bordier & Cie SCmA offers trading in Bitcoin, Ether and Tezos”

Alameda Research led an investment round worth $40 million in Oxygen, a Solana-based DeFi prime brokerage protocol. Alameda Research had earlier directly invested $50 million in travel app Maps.me on 18 January.  Oxygen protocol claims to be “100%” decentralized, non-custodial, and on-chain with no involvement from a centralized operator. The Switzerland-based project plans to offerContinue reading “Alameda Research invests $40 million in Oxygen DeFi project”

Further increasing their Bitcoin holdings, publicly traded company MicroStrategy has now acquired an additional 19,452 Bitcoins worth about $1.026 billion. The company’s CEO Michael Saylor broke the news on Twitter and said that MicroStrategy purchased the asset for $52,765 per bitcoin.    As of 24 February, the firm holds about 90,531 Bitcoins to date, making itContinue reading “MicroStrategy buys another 19,452 Bitcoins for $1.026 billion”

CEO and Co-Founder of Real Vision Group, Raoul Pal welcomed Bitcoin’s recent price dip. The crypto influencer who once admitted to dividing his portfolio between BTC and ETH said that he is relieved when Bitcoin sell-offs arrive.  According to Pal, this market trend presents an opportunity for traders to switch into “buy the dip mode.”  ItContinue reading “Here’s the right time to switch into ‘buy the bitcoin dip mode’”

Bitcoin, which reached an all-time high of $58,640 was trading at $47,078, after registering a 14% dip in price in the last 24 hours. The downward swing has had many speculating whether Elon Musk, who reignited mainstream interest in the asset, could have influenced markets, through his tweets. However, Philanthropist, Bill Gates thinks that whileContinue reading “If you have less money than Elon, you should probably watch out for Bitcoin’s volatility: Bill Gates”

After a 24-hour low of $45,201 in the price, Bitcoin recently endured a major pullback. Amid the price dips, many shared bearish sentiments about the price of the asset. However, MicroStrategy CEO, Michael Saylor expressed his bullish predictions on the asset. In a recent interview with CNBC Squawk Box, Saylor predicted that 7-8 billion peopleContinue reading “MicroStrategy’s Michael Saylor: Billions will choose Bitcoin for life savings”

The much-discussed litigation that involved Bitfinex and Tether has now come to an end; the parties have reached a settlement. The settlement translated to both iFinex and Tether having agreed to pay $18.5 million in penalties. However, the crypto firms have admitted to no wrongdoing, but are now required to cease trading activity in NewContinue reading “Bitfinex, Tether to pay $18.5 million fine”

Offering a fresh perspective on Tesla’s Bitcoin investment strategy, Daniel Ives, Managing Director and Senior Equity Research Analyst at Wedbush Securities thinks that Tesla would “double down on its Bitcoin investment.” Stating that other public companies are going to follow suit, Ives said in a recent interview at CNBC’s Squawk Box:  No doubt this is somethingContinue reading “Why companies will mirror Tesla’s bitcoin strategy”

In his latest market insight, Senior Commodity Strategist at Bloomberg Intelligence, Mike McGlone said that financial markets may now want to replace US Dollar reserves with Digital Dollars and Bitcoin. According to the strategist, people are not concerned about whether the US Dollar will lose its reserve currency status.   In his latest tweet, McGlone stated: Continue reading “‘Markets want Bitcoin and digital dollar as reserve currency’”

In the wake of the ongoing lawsuit between Ripple and United States Securities Exchange Commission (SEC), MoneyGram decided to suspend trading on Ripple’s platform. The company cited “uncertainty” concerning the ongoing litigation and stated: Due to the uncertainty concerning their ongoing litigation with the SEC, the Company has suspended trading on Ripple’s platform.  As partContinue reading “MoneyGram suspends partnership with Ripple”

Since January, the price of Ethereum has been trading with sudden highs and lows, leaving some traders waiting for markets to settle. After Ether dropped roughly 12% after its 20 February ATH of $2,042.93, the asset was trading at $1,790.94, at press time. However, over the last 24 hours, ETH endured an 8.4% drop andContinue reading “These 3 metrics indicate a bullish trajectory for Ethereum”