Ripple’s Chair reveals plans to talk BTC miners into adopting Proof of Stake mechanisms
TL;DR Breakdown Ripple’s co-founder Chris Larsen says he has plans to convince BTC miners to do away with PoW and adopt PoS. The Ripple boss says Proof of Stake is better, and a BTC adoption could raise the share prices of mining firms. The Executive Chairman of Ripple, Chris Larsen, says he has plans to convince BTC […]
MicroStrategy remains resilient, buys 1,434 more Bitcoin
TL;DR Breakdown MicroStrategy buys 1,434 more Bitcoin. Firm now holds 122,478 BTC. Saylor calls BTC world best reserve currency. The ever-willing corporate crypto investor, MicroStrategy, has again cemented its place as the biggest corporate crypto investor in the world. Headed by crypto ‘bigot’ Michael Saylor, the business intelligence firm has staked $82.4 million more in […]
Uruguay to install first crypto ATM
TL;DR Breakdown • The first ATM in Uruguay comes from the Ferret and Urubit companies.• Enthusiasts in the country can trade with Bitcoin, USDT, and Ether. The crypto market comes reenergized to South America with the first installation of a crypto Automated Teller Machine in Uruguay. The country joined the increasing wave of adoptions after […]
Bitcoin, Ethereum, Near Protocol, Bittorrent Token Daily Price Analysis – 8 December Roundup
TL;DR Breakdown Bitcoin lacks momentum but stays over the crucial $50K mark overnight. Ethereum surges past $4,380 after a 2.90% increase, and the Binance Coin crosses $600. Near Protocol records a whopping 25% gain, Axie Infinity, Uniswap, and Ripple, among other gainers. Bit Torrent shed over 11% after a recent bull run, Filecoin continues to […]
Bitcoin: Scientist who says he created BTC wins Florida court case
TL;DR Breakdown • Craig Wright says he has evidence to show he created Bitcoin.• Kleiman’s family, a Wright partner, receives $100 million for Bitcoin mining. Recently, computer researcher Craig Wright, who claims to be the BTC creator, won the case against his deceased partner’s family. According to the jury in Florida, Wright does not owe […]
Billionaire Barry Sternlicht: BTC is a ‘Smart’ hedge
TL;DR Breakdown Bitcoin could help fight inflation brought by excessive printing of fiat currency. The oldest cryptocurrency may rise to 1 million dollars. Billionaire Barry Sternlitch, who chairs Starwood capital group (SCG), has narrated how bitcoin has the potential to rise to a million-dollar worth. He called the digital coin a “smart” hedge. The comparison […]
BTC plunges to a two-month low off a 17 percent drop
TL;DR Breakdown Bitcoin (BTC) plunged to a two-month low following a 17 percent slump. The drop saw the BTC market cap fall by about two hundred billion dollars. Over the weekend, Bitcoin (BTC) experienced one of its most significant dips. In less than two hours, the King cryptocurrency lost $16,000. The coin stabilized around $42,000 […]
Cryptoers respond to Munger after vile crypto criticism
TL;DR Breakdown Cryptoers fire back at Munger for criticizing crypto. Many say old age is reason Munger can’t understand crypto. Scores of crypto enthusiasts have reacted to vile criticism of the digital asset by 97-year-old investment veteran Charlie Munger. The Berkshire Hathaway vice-chairman on Thursday at the Sohn Hearts & Minds Investment Conference in Sydney, […]
Analyst believes Bitcoin price will still hit $100,000
TL;DR Breakdown Analyst predicts Bitcoin price will hit $100,000 by 2023. Consensus prediction holds that Bitcoin can’t hit $100,000 2021 again Analysts sights Omicron, spoofing as reason BTC won’t see any significant again in 2021. Bitcoin bull and Chief Market Strategist at InTheMoneyStocks, Gareth Soloway, has predicted that Bitcoin price would still surge to $100,000 […]
XRP vs Bitcoin: Who’s the Crypto King?
A guy goes by the Twitter handle of “Crypto King,” but this post is not about him. In the crypto space, there’s a throne being currently occupied by Bitcoin, and as you can guess, there is a long queue of pretenders to the throne. Why should Bitcoin be “Crypto King”, and what’s this debate about […]
Filecoin offers a solution to the bitcoin war on energy consumption
TL;DR Breakdown Filecoin provides a solution to Bitcoin against its energy critics. The system provides a database to measure the amount of energy consumed and what amount can undergo renewal. It plans to measure the environmental impacts of non-renewable energy sources. Filecoin might give bitcoin a way to show its energy critics the amount of […]
Ethereum’s yearly return overtakes Bitcoin for the first time ever
TL;DR Breakdown: ETH annual returns overtake BTC for the first time. Ether is up by over 500% in the last 1 year, compared to Bitcoin’s 200% surge. Current market analysis suggests that ETH could overtake BTC for the no 1 spot in 2022. Ethereum, the second-largest crypto in the industry has soared over 530% in […]
Bitcoin mining: Kazakhstan suffers power grid issues
TL; DR Breakdown Bitcoin mining causes power grid issues in Kazakhstan Bitcoin mining hashrate is up in the country Mining companies are leaving South Kazakhstan Besides trading digital assets, Bitcoin mining is another way to make huge profits in the crypto market. But the activity is not for the faint-hearted they need a lot of […]
Robert Kiyosaki is buying Bitcoin and Ether as Inflation bites
TL;DR Breakdown The prominent Rich Dad Poor Dad writer is purchasing more BTC and ETH amid inflation worries. The fearless author has accused the sitting US leader and Fed of printing more money. Robert Kiyosaki, the renowned author of Rich Dad Poor Dad, is purchasing cryptocurrency. His decision is coming from the continuous growth of […]
MicroStrategy buys 7,000 more Bitcoin yet again
TL;DR Breakdown Mocrostrategy buys 7,000 more Bitcoin. Firms Bitcoin stash now 121,044. Saylor says firm has no intention to sell Bitcoin in next 100 years. Business intelligence firm MicroStrategy has again announced that it invested $414 million to buy $7,000 Bitcoin on Monday. This brings its total stash to 121,044 Bitcoin. Michael Saylor, the Chief […]
El Salvador bought the dip, added 100 more Bitcoin
TL;DR Breakdown El Salvador acquires an extra 100 bitcoin despite the drop in price of the virtual asset. The country is showing signs to HODL its digital assets. The nation is planning to build a bitcoin city. El Salvador’s leader stated that his country had acquired 100 bitcoins after the asset took a dip. President […]
Ethereum killer Solana in line to become next Bitcoin – Sam Bankman Fried
TL;DR Breakdown Solana to be new Bitcoin FTX CEO says. Says volatility would forever exist in crypto market. The Founder of the cryptocurrency exchange FTX – Sam Bankman Fried, has said Solana, primed to be Ethereum killer, is in line to become the next Bitcoin. Apart from Solana, he tipped Avalanche is another blockchain project […]
Regal Cinema to accept crypto for movie tickets
TL;DR Breakdown Regal Cinema adds crypto payment as payment means. Regal accepts more crypto tokens relative to AMC Cinemas. Top American movie theater chain Regal Cinema has joined AMC theatre to add cryptocurrency as a means of payment for movie tickets. Regal Cinemas announced on Wednesday that it is accepting an array of cryptocurrencies for […]
Crypto exchanges witness massive inflow of Bitcoin
TL; DR Breakdown Crypto exchanges witness massive inflow of Bitcoin. Whales make up 90% of Bitcoin deposits. Bitcoin in crypto exchange reserve continues to reduce. Crypto traders in the market have been seeing massive gains trading numerous assets over the last few months. One such asset that has skyrocketed in the last few months is […]
Bitcoin, Ethereum, Elrond, Voyager Token Price Analysis ‒ 22 November Morning Prediction
TL;DR Breakdown Bitcoin falls backs to $57,000, keeping people glued to their seats. Altcoins like ETH, BNB, USDT, Sol, etc., drop back after gains. Today’s top gainers include Elrond (EGLD) and Voyager Token (VGX). The cryptocurrency market is vast, with a great many tokens available as investment options. Bitcoin and Ethereum are the top big […]
El Salvador’s Bitcoin City: Vitalik nixes Bukele despite perks
TL;DR Breakdown El Salvador’s president announced a plan for a completely Bitcoin (BTC) based city. The city is intended to be a tax-free and no levies will be charged, except charging a value-added tax (VAT). All financial transactions in this city can be done using Bitcoin. The funding for the city will also be conducted […]
Bitcoin, Ethereum, Flow, Crypto.com Coin, Price analysis – 21 November Roundup
TL;DR Breakdown Bitcoin turns red and falls into the $57K range. Ethereum slips below $4,200, as BNB, ADA, and VET also decrease in value. FLOW and CRO record gains, as SOL and ATOM, stay green. The fluctuations of Bitcoin and Ethereum are prime examples of the swinging price trajectory in crypto. However, their success shows […]
Bitcoin price reclaims $60,000 amidst high volatility
TL;DR Breakdown Bitcoin price taps $60,000 once again. BTC Market cap exceedes $1 trillion again. Most altcoins remain stagnant over the past 24 hours. Number one cryptocurrency, Bitcoin price has again reclaimed the coveted $60,000 level but quickly dropped below that radar amidst high volatility in the market. After the bears pushed the currency back, […]
El Salvador to build a Bitcoin City in 2022
TL; DR Breakdown El Salvador will build a Bitcoin City in 2022. Dollar bonds will be used to fund the city. President Nayib Bukele wants investors from overseas. Bitcoin has no doubt cemented its place at the top of the pick in terms of assets that traders can invest in the crypto market. Coupled with […]
Max Keiser talks down on CBDC, says they are worse than fiat
TL;DR Breakdown Max Keiser explains that CBDCs are proof government don’t care about people. Says CBDC will only give Central Banks more power of surveillance. Max Keiser, aka Bitcoin Evangelist, has spoken down on Central Bank Digital Currencies (CBDCs), explaining why governments don’t care about the people with the launch of CBDCs. Keiser spoke at […]
Square presents tbDEX Protocol for enhanced trust in decentralized BTC exchange
TL;DR Breakdown Square has announced the proposal for the exchange of Bitcoin without using any centralized control. tbDEX Protocol will bridge fiat money with Bitcoin and other digital assets. They have shared the tbDEX Whitepaper for public access. In the recently published Whitepaper, Square has put forward a decentralized bitcoin exchange proposal (tbDEX) to ensure […]
Bitcoin holders remain bullish on BTC’s future
TL;DR Breakdown • Bitcoin drops to $57000 after reaching its ATH in recent weeks.• Long-term investors avoid selling the token in times of panic. Bitcoin reached its maximum price above $69,000 on the 10th of November. BTC lost about 20 percent of its value last week, trading at $55,700. However, the most prominent crypto investors […]
KuCoin exchange launches $100m fund to join metaverse frenzy
TL;DR Breakdown KuCoin exchange invests $100m in metaverse project. Fund would also be for educational programs to attract more talents. More and more firms continue to join the metaverse frenzy. KuCoin exchange has announced a $100 million Metaverse fund to help develop and support early-stage Metaverse projects. This is as most companies continue to get […]
Venly, HBAR partner to launch NFT market
TL;DR Breakdown HBAR, Venly partner to float NFT market. Venly to leverageon Hedera network for the NFT project. Blockchain technology provider, Venly alongside HBAR foundation, have partnered to float their NFT tools and wallet services on the Hedera Network, while their NFT Market comes soon. The partnership which would see Venly solutions leverage on the […]
Bitcoin price may break $60k level despite crypto bloodbath; reasons?
TL;DR Breakdown Cryptocurrencies plunged on Tuesday, with Bitcoin price sliding towards the $60,000 level and Ether close to its lowest levels of November Analysts attribute this broad market dip to new tax-reporting rules stated in the Infrastructure Bill which Joe Biden signed into law on Monday Another reason for the huge sell-off is speculated to […]
Bitcoin whale pays $1 to move 15,077 BTC worth $900M
TL;DR Breakdown: A Bitcoin whale just paid $1 to transfer about $900 million in BTC. This is uncommon with fiat and gold. Bitcoin is currently down by 7.5% to $60,357, according to CoinMarketCap. Hours leading to the time of publication, Whale Alert spotted a series of transfers from a Bitcoin whale initially involving a total […]
Bitcoin wallet address now more than Bank accounts in El Salvador
TL;DR breakdown Bitcoin wallet addresses now more than bank accounts in El Salvador. Bitcoin recording more success in El Salvador despite heavy criticism at initial stage. More countries looking at adopting Bitcoin as legal tender. Another intriguing news for Bitcoin from El Salvador. President Nayib Bukele of the American country has said that the number […]
Bitcoin latinum to boost crypto adoption with Vast Bank partnership
TL;DR Breakdown Bitcoin Latinum partners Vast Bank to improve crypto partnership. Partnership to focus on deal flow, integration among others. Bitcoin Latinum, the secure, next-generation, insured, asset-backed cryptocurrency has announced its strategic partnership with Vast Bank, a trusted family-owned financial institution serving customers since 1982. The partnership will focus on opportunities for collaboration, deal flow, […]
Crypto frenzy surge as survey reveals 50% young people want salary in crypto
TL;DR Breakdown Crypto frenzy high among millennial, GenZ. Over 50 percent of people born 1997-2012 want half of their salary in cryptocurrency. Americans quit jobs after making huge profit in cryptocurrency. A recent survey by the international financial consultancy firm deVere Group has confirmed the surge in crypto frenzy among young people. The survey revealed […]
Crypto advocates debate SEC measures against Bitcoin exchange funds
TL;DR Breakdown • Some crypto advocates believe that the US Securities Commission is manipulating the BTC trade.• After the SEC rejection of a new exchange fund, the Bitcoin price was not affected. After the SEC in the United States rejected Vaneck’s bitcoin spot market exchange-traded fund last Friday, the crypto advocates have been giving their […]
Taproot activates on block 709632, unlocking rich BTC features
TL;DR Breakdown Bitcoin’s (BTC) long-awaited Taproot upgrade has gone live. The advancement has excited crypto lovers who see it heralding a new era of BTC dominance. Taproot, BTC’s long-awaited upgrade, is up and running. The upgrade went live on the network’s block 709632. Analysts hold that Taproot is the most comprehensive BTC upgrade to date. […]
Taproot, Bitcoin’s latest upgrade, will be active soon
TL;DR Breakdown A new bitcoin upgrade is expected this weekend. Taproot upgrade will enable more innovations on bitcoin. The development marks the beginning of better innovations within the network. Bitcoin is expecting a significant upgrade known as Taproot this weekend. All eyes are on this considerable development as it will be a significant mark in history. The coin’s […]
Bitcoin ATM robbed in Barcelona
TL;DR Breakdown • Police do not want to give many details about the Bitcoin ATM robbery.• Spain has the highest number of Bitcoin ATMs in Europe. A Bitcoin ATM was stolen from one of the best crypto exchange stores in Barcelona. The Spanish police are investigating the events to find the people responsible for the […]
Bitcoin is the most reliable asset and it’s going up forever, says Michael Saylor
TL;DR Breakdown: Michael Saylor the CEO of MicroStrategy says that Bitcoin will go up forever. BTC is a more valuable asset than gold becuase of its fixed supply and growing adoption. The global crypto market is down by over 3% after the news of record-high inflation. Michael Saylor, the CEO of popular business intelligence firm […]
Glassnode report: Exchanges hold 12.9% of Bitcoin in circulation
TL; DR Breakdown Glassnode report claims only 12.9% of the Bitcoin in circulation are on exchanges Traders are hoping that Bitcoin will continue to rise in value Glassnode reports that a cluster of wallets are entering the market Bitcoin has been making considerable strides in the crypto market in the last few months, increasing massively […]
