Of late Bitcoin’s price has been on an ignited bull run, with the asset recouping $60,000 for the first time in over 160 days as expectations of a Bitcoin futures ETF approval flare-up. Futures ETF prone to manipulation However, Mexican billionaire Ricardo Salinas is not buying into…
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The cryptocurrency market has gone mainstream in 2021 attracting attention from not just institutional firms and billionaires but also from countries. First El Salvador created history by making Bitcoin a legal tender in the country which triggered a Domino effect leading to the likes of Paraguay, Argentina,…
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El Salvador decision to adopt BTC into the mainstream gained momentum during the ongoing bull run as people increasingly exchanged their US dollar savings for Bitcoin. This is one of two revelations from President Nayib Bukele. El Salvador is now selling way more US Dollars to buy…
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The CEO of Twitter and Square, Jack Dorsey, has revealed that Square was exploring building a bitcoin mining system that would make mining more accessible to people. Square would develop the system in addition to its hardware wallet, which is already under development.  A Necessary System  Dorsey…
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Bitcoin (BTC/USD) continued its upside progress early in the North American session as the pair remained within striking distance of establishing a fresh all-time high following a recent print around the 62910 level.  Technical support recently emerged around the 56866.04 area, representing the 23.6% retracement of the…
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BTC has been showing strength lately, driven by anticipation of the futures-backed ETF and potential launch early next week. It closed at $61.6k with more than double the daily average volume on Coinbase, showing strong spot buying. Possible Correction for BTC? Although near-term price action has been…
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With the excitement around the impending launch of Bitcoin ETFs, MicroStrategy Inc. has seen the value of its Bitcoin investment double to $6.7 billion, becoming one of the biggest beneficiaries of the news of the launch.  Doubling Its Bitcoin Investment  MicroStrategy had officially acquired 114,042 Bitcoin at…
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Since announcing plans to adopt Bitcoin as legal tender through to the present time when the law is in full swing in the country, President of El Salvador Nayib Bukele has received a lot of support from cryptocurrency proponents, and just as many criticisms from skeptics. His…
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Multiple reports corroborate that the SEC could approve a Bitcoin Futures Exchange-Traded Fund next week and the regulator is reportedly no longer opposed to these products. These reports – of course among other factors, are currently breeding huge positive price changes for Bitcoin. They are solidifying the…
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After just two months, United Wholesale Mortgage (UWM) decided to stop cryptocurrency payments as an option.
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