Gold and Bitcoin supporters are likely to keep arguing with each other as both gold advocates and Bitcoin maximalist stick to their own school of thought.  Recently, MicroStrategy CEO, Michael Saylor predicted that in the future, investors are more likely to opt for Bitcoin over the yellow metal. In an interview with Andrew Henderson of NomadContinue reading “Investors will choose Bitcoin over gold, says MicroStrategy’s Michael Saylor”

Cryptocurrencies ranging from Bitcoin to joke, token Doge, have seen much mainstream support in the past week. After Elon Musk said “he was a supporter of Bitcoin” and OnlyFans star Mia Khalifa bought Doge, another new celebrity has shown support for the coins. This time it was Gene Simmons, from the rock and roll bandContinue reading “Kiss’ Gene Simmons: I bought Dogecoin, XRP and others. Make of it what you will”

“The store of value generation” is what entrepreneur Mark Cuban termed young crypto investors as. In a blog explaining this narrative, the billionaire today seemed to caution older generations and Wall Street stalwarts. He stated why the idea “that a crypto asset could be a store of value” is not “crazy.” Old Schoolers say thatContinue reading “A look into Mark Cuban’s evolving beliefs about Bitcoin & crypto assets”

Amid the recent GameStop share hike frenzy, Robinhood faced much criticism from enraged users and policy-makers alike, for suspending trading services for retailers. According to the Wall Street Journal, Robinhood has raised another $2.4 billion from its shareholders.  The WSJ report cited sources familiar with the matter and stated: Robinhood Markets Inc. raised another $2.4 billionContinue reading “GameStop effect: Robinhood raises additional funds worth $2.4 billion from investors”

Crypto exchanges Binance, Bitrue and Kraken are facing technical difficulties in managing the sudden trading activity from an influx of new users on their websites. All three exchanges have reported technical bottleneck issues with Binance chief executive Changpeng Zhao or CZ admitting:  Systems, even after scaling, is seeing some bottlenecks. Some orders and account infoContinue reading “Binance, Bitrue, Kraken face technical issues due to increase in traffic”

Although major entrepreneurs have shown their support for Bitcoin, regulators, at least in Ireland, seem to have taken a step away from the asset. According to the governor of the Irish central bank, Bitcoin investors must be prepared to “lose all their money.”  The governor, Gabriel Makhlouf said he was worried about consumers making theContinue reading “Central Bank of Ireland Guv: Bitcoin investors could lose ‘all their money’”

It looks like Bitcoin is getting closer to mainstream adoption. Now that even Elon Musk endorsed the popular asset on his Twitter bio, the asset’s price surged by 19% to reach $37,000 during the day. However, in the last hour, at press time, the digital asset fell by 2.6%, which gave many a reason toContinue reading “Bitcoin is in ‘the fourth wave’ of crypto adoption”

Following US Securities Exchange Commission’s (SEC’s) allegations against Ripple Lab, the San Francisco-based firm has filed its answer to the Commission’s lawsuit in federal court. The response from Ripple and its executives Brad Garlinghouse and Chris Larsen called into question the complaint filed by SEC. Ripple and the co-founders claimed the allegations were an “unprecedentedContinue reading “Ripple files response to SEC’s XRP lawsuit”

Social media personality Mia Khalifa of OnlyFans fame has publicly endorsed Dogecoin. On 29 January, the celebrity took to Twitter to state that she invested in the popular “memecoin” and said:  Okay I caved and bought the dog stocks lmaoooooo — Mia K. (@miakhalifa) January 29, 2021 When Khalifa published the Tweet, Dogecoin was tradingContinue reading “Dogecoin on everyone’s mind: OnlyFans star Mia Khalifa buys coin during rally”

As GameStop GME stocks surged from $19.79 to a high of $380, in the past week, Hedge fund Melvin Capital and Citron Research lost billions due to the WSB short squeeze. However, this week has been about the Reddit community of day traders, WallStreetBets or WSB that undoubtedly, for better or for worse, made itsContinue reading “CoinMarketCap lists ‘joke’ WallStreetBets token above Bitcoin”

Bitcoin is undergoing yet another volatile phase amid FUD and anticipation of the Chinese New Year’s influence on markets. The asset’s price even slipped as low as under $30,000 from its earlier range of $34,000 and more. Recently, Eric Peters, CEO of Connecticut-based OneRiver Asset Management seemed to assure investors and traders that the volatilityContinue reading “‘US institutions discussing Bitcoin; volatility temporary’”

Historically, the Chinese Lunar New Year or Spring Festival has influenced the Bitcoin market. Most often, the asset’s prices dip in the days leading to the event, over the years.  Analyst at Singapore-based Stack Funds shed more light on Bitcoin’s performance with regard to the upcoming holidays. Head of research Lennard Neo expected market sellingContinue reading “Analyst says Chinese New Year could fuel Bitcoin selling pressure”