Top-five cryptocurrency Cardano (ADA) has experienced some freakish momentum of late, crossing the dollar threshold to approach an all-time high set three years ago. Amazingly, ADA gained 650% in less than two months prior to the latest correction, making it one of the best-performing altcoins in the market. So, what’s next for the decentralized public … Continue reading Cardano and COTI Partnership Is Bearing Fruit
As Bitcoin (BTC) inches closer to a market value of $1 trillion once again, the leading cryptocurrency has had to deal with an imminent correction after making a record-breaking move towards $58.3K. BTC has been up by 4.46% to trade at $48,510 with a market cap of $909 billion at press time, according to CoinMarketCap. … Continue reading Billions May Soon Enter Bitcoin as More Entrepreneurs Are Looking Up to Elon Musk, says Crypto Analyst
Piyush Gupta, the CEO of Singaporean multinational banking corporation DBS, believes that digital currencies and tokenization of assets are now a reality, and may become a dominant factor in the future. Bitcoin replacing fiat money? According to Gupta, DBS launched the first bank-sponsored digital exchange in December 2020, which propelled the tokenization of securities and … Continue reading Digital Currencies and Tokenization Might be a Dominant Factor in the Future, says DBS CEO
Bitcoin (BTC) has started the week on a high after surging past the $58K mark. The leading cryptocurrency is hovering around the $58,240 price at the time of writing, according to CoinMarketCap. Crypto analyst Joseph Young has acknowledged that Satoshi Nakamoto will be the richest person globally if Bitcoin hits $181,000. Satoshi Nakamoto is the … Continue reading Satoshi Nakamoto Will be the World’s Richest Person if Bitcoin Hits $181,000
The crypto market continues to show its potential in the financial scene, as evidenced by its present market capitalization of $1.84 trillion. Market analyst and trader Michael van de Poppe believes that crypto will be a significant stepping stone towards many people’s wealth. He explained: “Crypto is going to make many people wealthy. Do something … Continue reading Crypto Is Going to Make Many People Wealthy, says Market Analyst
Normal 0 false false false EN-US X-NONE X-NONE Tesla Inc. has sold 10% of its Bitcoin holdings. In an investor call event, the electric vehicle maker reported its Q1 2021 earnings report and revealed the sale of $272 million of its Bitcoin holdings and a “$101 million positive impact”. The $272 million sale will leave at … Continue reading Tesla Sold $272 Million Worth of Bitcoin in Q1 2021
Normal 0 false false false EN-US X-NONE X-NONE Mercadolibre, a Latin American e-commerce giant, revealed that it added cryptocurrency to its balance sheet, scooping up $7.8 million worth of Bitcoin. Besides that, the stock listed company announced that it has also accepted Bitcoin as a payment method. Consumers now can pay in Bitcoin for purchases … Continue reading Latin America E-Commerce Giant MercadoLibre Purchases $7.8 Million Worth of Bitcoin
Normal 0 false false false EN-US X-NONE X-NONE Square Inc. has announced a $3.51 billion in Bitcoin revenue during the first quarter of 2021, which is an increase of more than 11 times over the same period last year. The digital payment firm released its earnings report for the first quarter of 2021 yesterday. “Cash … Continue reading Square Reaches $3.5 Billion in Bitcoin Revenue in First Quarter of 2021
Yassine Elmandjra, an analyst at Ark Investment Management company, said that Elon Musk’s concerns about Bitcoin’s energy usage were “misguided.” Last week, Elon Musk, the founder and CEO of Tesla Inc., caused an uproar in the crypto space over his concern that Bitcoin mainly relies on fossil fuels for its energy needs. He further said … Continue reading Elon Musk’s Concerns Over Bitcoin's Energy Consumption Are Misguided, Says Ark Invest
A new study released by Galaxy Digital Holdings Limited shows that the traditional banking system consumes double the amount of energy that Bitcoin mining uses. Galaxy Digital, an asset management company owned by crypto bull Mike Novogratz, released a quantitative study comparing Bitcoin’s energy consumption to the traditional banking system and gold industries, accompanied by … Continue reading Traditional Banking System Consumes Twice Energy Than Bitcoin Mining, New Research Reveals