Regardless of its volatility, and the criticism from prominent regulators, Bitcoin has garnered attention from the likes of Elon Musk and other mainstream influencers in the past few weeks. In the words of Marshall Hayner, CEO of Metal Pay, Bitcoin is on its “fourth wave” of adoption. The chief exec believed that the asset reachedContinue reading “Bitcoin users to reach over a Billion? When?”

Under the leadership of CEO Michael Saylor, MicroStrategy, which is a leading Bitcoin investor has been lauded for driving mainstream BTC adoption. It appears that the firm has been navigating Bitcoin markets using its own strategies. Almost every time Bitcoin dipped in price, the firm took advantage of market conditions and increased the value ofContinue reading “Will MicroStrategy drive corporate adoption of Bitcoin, when they pitch it to 1,400 companies?”

The price of Ether is still climbing. On 4 February, the world’s second-largest crypto asset by market cap breached another all-time high. Ether was trading well above $1,600 range, priced at $1,614.16 at press time, across all major crypto exchanges. In the past 24 hours, Ethereum hiked by 5%.  The phased upgrade of the EthereumContinue reading “Another first for Ethereum, as it hits $1,600”

After Visa’s Al Kelly stated that the payment giant could add cryptocurrencies to their payments network, Visa now intends to help banks offer Bitcoin and other cryptocurrency buying and trading services. Later this year, the company plans to launch a Visa API program that will make crypto integrations possible.  According to reports, a Kansas-based, BlackContinue reading “Banks part of Visa network will now be able to offer Bitcoin services”

After suffering a major hack in September last year, KuCoin, the eighth-largest crypto-exchange by trading volume, today addressed the security incident which resulted in the theft of $285 million. KuCoin CEO Johnny Lyu revealed in a press release emailed to AMBCrypto that the exchange had managed to recover all the funds lost due to theContinue reading “KuCoin hack: exchange recovers 100% of stolen funds”

Over the past year, institutional investment is what many believe drove Bitcoin’s price to reach new ATHs. Moreover, new research found that the asset’s price surges seem to be driven less by hype and have instead gained more trust, based on data from 2017.  Among its many conclusions, ARK Invest stated in its “Bitcoin: PreparingContinue reading “Here’s what it would take to push Bitcoin’s price to $500,000”

A new study found that in 2020, darknet markets that offer illegal goods and commodities such as drugs received a total of $1.7 billion worth of cryptocurrency. Specifically, with regard to value sent to or received from darknet markets last year, United States ranked second in Chainalysis’ 2021 Crypto Crime Report. Residents based in USContinue reading “Darknet marketplaces receive $1.7 billion in crypto; Russia and US lead global traffic”

On 2 February, Ethereum reached a new all-time high above $1,500, across major exchanges,  just days before the launch of the CME Ethereum futures contracts, which is slated for 8 February. The surge in price could have been a result of several positive announcements about the second-largest crypto by market cap.  Recently, asset manager GrayscaleContinue reading “Ethereum hits new all time high above $1,500”

A month after crypto fund manager Bitwise surpassed $500 million in assets under management (AUM), the asset manager now filed for regulatory approval to list its Bitcoin fund on OTC markets.  If the fund gets the green light, it plans to offer Bitcoin exposure to investors at lower-cost with an expense ratio that is 0.50%Continue reading “Bitwise files for approval to list Bitcoin fund on OTC markets”

Business intelligence firm MicroStrategy acquired additional Bitcoin worth about $10 million in cash on 2 February. The company made the purchase at an average price of approximately $33,810 per Bitcoin.  The development follows MicroStrategy’s earlier purchase made on 22 January 2021. According to its last announcement, MicroStrategy acquired $10 million worth of Bitcoin, paying roughly $31,808Continue reading “MicroStrategy announces additional purchase of 295 Bitcoins for $10 million”

Winklevoss twins’ crypto exchange Gemini today launched a new interest-earning program called Gemini Earn for customers based in United States. Through Earn, investors who use Gemini will be able to earn up to 7.4% annual percentage yield. Earn supports 26 assets such as Bitcoin, Ether, Litecoin, Bitcoin Cash, Zcash, UniSwap and AAVE among others. TheContinue reading “Gemini’s ‘Earn’ interest on cryptos to offer up to 7.4% APY”

According to the United States Department of Justice (DoJ), a man from Ontario, California, has agreed to plead guilty to federal charges of illegally operating a crypto exchange.  On 29 January, the DoJ release stated that the accused, 49-year-old Hugo Sergio Mejia was also pleading guilty to money laundering offenses in United States District Court.Continue reading “California resident to plead guilty to operating unlicensed Bitcoin exchange service”