Not only Elon Musk: Most famous 2021 Bitcoin supporters
TL; DR Breakdown Bitcoin goes mainstream even among the celebrities. Politicians, pop stars or actor hold crucial role in promoting Bitcoin. Being a Bitcoin supporter implies many things. Elon Musk is known for being one of the most influential celebrities in the crypto world. But he is hardly the only famous person who now owns […]
Mayor Suarez wants Bitcoin dividend for Miami residents
TL; DR Breakdown Mayor Suarez wants to give Miami residents free Bitcoin. Residents will not need to hold MiamiCoin to be eligible. The mayor wants more people to trade Bitcoin. The adoption of digital assets has now gone through the roof, with most countries looking for ways to regulate them so their citizens can trade […]
Twitter goes crypto, hires official Crypto team
TL;DR Breakdown Twitter hires crypto team to enhance all things blockchain. Team would also expand Twitter crypto base, blockchain and decentralized tech. More social media platform getting active in crypto space. Popular microblogging platform, Twitter has stepped fully into the crypto space after it employed a crypto team. The move follows its introduction of the […]
Bitcoin reaches another all-time high: Will BTC hit $100K in 2021?
TL;DR Breakdown Bitcoin sets a new all-time high at $69,044. BTC has been showing tremendous support in the $65K region. Wider crypto adoption and soaring inflation indicate a strong future for Bitcoin. Bitcoin, the most popular cryptocurrency in the world has hit a new all-time high today, reaching $69,044. This jump came after only 2 […]
Bitcoin is risky and can be hacked, says Egyptian billionaire
TL;DR Breakdown: Egyptian billionaire, Naguib Sawiris, says cryptocurrencies are outside the scope of his interests. He compared Bitcoin to a money-recruitment company, saying it can collapse when hacked. The cryptocurrency market recently topped $3 trillion with Bitcoin (BTC) crossing a record high of over $68,500. Despite the market has grown immensely with both institutional and […]
Tim Cook, Apple CEO reveals he owns Bitcoin, Ethereum
TL;DR Breakdown Apple founder, Tim Cook says he owns Bitcoin. Cook confirms Apple is not launching any crypto product soon. CEO of Apple, Tim Cook, has revealed that he invested in cryptocurrency. He hinted that he owns Bitcoin or Ethereum, not saying which exactly he currently hodls. Tim Cook revealed this on Tuesday at the […]
Bitcoin logo journey since its debut in the market in 2008
TL; DR Breakdown The Bitcoin logo and the currency go back 13 years since Satoshi Nakamoto published its original whitepaper on 31 October 2008. Its logo also reveals a story behind its functionality and inspirations, not to mention its vision and successes in the market. 31 October 2008 marked the day that the world saw […]
El Salvador president to construct 20 schools from Bitcoin proceedings
TL; DR Breakdown El Salvador plans to use Bitcoin proceedings to build about 20 schools to expand education in the area. Nayib Bukele, El Salvador’s president, confirms to his citizens that none of the tax money will go into the project. The president of Central American country El Salvador kicks on an initiative meant to revamp the […]
Bitcoin: Politicians want salary payments in crypto
TL;DR Breakdown • Adams follows the same ideas as the mayor of Miami regarding cryptocurrencies.• Bitcoin has become the main cryptocurrency of American politicians. Since Francis Suárez, the mayor of Miami, insisted on being paid in cryptocurrencies, other politicians such as Eric Adams from New York have joined the trend. Adams has also been more […]
Binance appoint ex-IRS agent to lead its SAR unit
TL;DR Breakdown Binance appoints ex-IRS official to lead its SAR unit. Qaqish to lead team in charge of monitoring suspicious activity on the platform. Exchange continues its strategic appointment. Number one crypto exchange by market cap, Binance has done it again. The firm has made another strategic appointment of a regulator into one of its […]
Tampa mayor to accept salary in Bitcoin
TL; DR Breakdown Tampa mayor will accept her salary in Bitcoin. She made the announcement at the Bitcoin and Blockchain Summit. Bitcoin continues to grow in value after hiring new ATH. With crypto now growing in popularity by the day, individuals and entities are now leaning towards holding their balance in various digital assets. mayor […]
Bitcoin mining is an environmental disaster
TL; DR Breakdown Tom Seyer likens Bitcoin mining to an environmental disaster. He says that Bitcoin miners can shift to a renewable source of energy. Cambridge university report says 39% of crypto miners use renewable energy. Bitcoin is no doubt the biggest and most performing digital asset across the crypto market as of today. The […]
Dodo launches new stable DODO token in partnership with ICHI
TL:DR Breakdown Dodo token launch in partnership with ICHI. Coin provides ability to collect liquidity incentive. Provides all benefit of stablecoin for users. DODO, the decentralized exchange platform powered by the Proactive Market Maker (PMM) algorithm, has announced the launch of the Stable DODO token. The new stable token, worth exactly $1, is designed to […]
Brian Brooks, former Binance US CEO employed by another crypto firm
TL;DR Breakdown Brian Brooks employed as BitFury CEO. Brooks short journey with Binance exchange. Brooks assures he’d last longer at BitFury than at Binance. Brian Brooks, former Binance.US CEO and Comptroller of the Currency, has been appointed CEO of BitFury, a Bitcoin mining and crypto company. On Thursday, Brooks made the announcement in a statement […]
Miami mayor to get paid in Bitcoin
TL;DR Breakdown • The Miami mayor seeks to normalize payments in cryptocurrencies.• MiamiCoin has increased in value after over three months since its launch. Francis Suárez, Miami mayor, said he wants a salary in Bitcoin. In this way, Suárez could be the only politician in the United States who hoped for payment in a decentralized […]
UFC NFT collection drops in partnership with crypto.com
TL;DR Breakdown UFC first NFT to debut after partnership with Crypto.com. The partnership is another integration of crypto and sports. NFTs to help more fans get closers to the sports. American mixed martial arts (MMA) promotion company based in Las Vegas, Ultimate Fighting Championship, have partnered alongside crypto trading and payments firm Crypto.com to authorize […]
Packers’ QB Aaron Rodgers to receive NFL salary in Bitcoin
TL;DR Breakdown: Aaron Rodgers of Green Bay Packers now accepts part of his salary in Bitcoin. He also gave away $1 million in Bitcoin to his fans to make the “future of money” accessible to them. The sports-crypto connection is getting much stronger. Green Bay Packers quarterback, Aaron Rodgers, has joined the growing list of […]
Kazakhstan’s president approves crypto mining
TL;DR Breakdown • Kazakhstan could extract over $1.5 million with crypto-mining.• Kazakhstan ranks second as the country that has extracted the most Bitcoin from mining. Kazakhstan, a country in Central Asia, shows its participation in the crypto market by announcing that it will accept Bitcoin mining. The country’s president reportedly created a reform to accept […]
Crypto philanthropy platform launches new initiative to enable easy crypto donations
TL;DR Breakdown Crypto philantrophy platform commits to making crypto donations. Unveils crypto giving pledge where investors can give one percent of their profit in charity. Crypto becomes tool of charity globally. Crypto Philanthropy platform The Giving Block is launching two new initiatives designed to make crypto donation easier. The platform would connect crypto donors with […]
Withdrawal on Binance exchange return after temporary glitch
TL;DR Breakdown Withdrawl returns on Binance after service was temporarily suspended. Binance exchange remains number one crypto exchange. Firm now working with regulators to end crackdown. Binance exchange has announced that users can begin to withdraw coins on the platform after it initially announced temporarily suspending the service. In the early hours of Monday, Binance […]
Amazon to hire digital asset specialist for financial service team
TL;DR Breakdown Amazon wants to hire a digital asset specialist. Employed talent would help drive cloud-based virtual asset price discovery, settlement, and custodial solutions Amazon web service (AWS), a subsidiary of Amazon providing on-demand cloud computing platforms and APIs to individuals, companies, and governments, on a metered pay-as-you-go basis, has reeled out a vacancy to […]
Bitcoin records its highest monthly close in October, what’s next?
TL;DR Breakdown: Bitcoin has recorded another all-time high in monthly close. Historically, November is also one of the bullish months for the leading cryptocurrency. Despite Bitcoin (BTC) fluctuating at the lows of $60,000 since reaching an all-time high on October 20, the largest cryptocurrency still held on to a record high in terms of monthly […]
Crypto platform Coinhako selects Duco to automate core controls, support growth
TL;DR Breakdown Coinhacko,Duco partner to automate and control its data. Duco aims to make smart data reconciliation the standard for cryptocurrency and payments. Global provider of cloud-based data automation and reconciliation services, Duco, announced on Monday that top cryptocurrency platform, Coinhako, has adopted its services to automate and control its data management, supporting the company’s […]
Bitcoin birthday: BTC whitepaper release clocks 13-year-old
TL;DR Breakdown Today is Bitcoin birthday as BTC whitepaper was published today 13 years ago. Bitcoin birthday: BTC has surged by over 2trillion percent since it was first mined. The search for Satoshi Nakamoto still on. Bitcoin birthday is today as it celebrates the 13th year its white paper today. Satoshi Nakamoto, the pseudonym developer […]
AAX becomes first crypto exchange to support wETH direct deposits
TL;DR Breakdown AAX becomes first exchange to support wETH direct deposits. Ethermine, Australian mining pool remains largest mining pool for Ethereum. AAX exchange, an innovative next-gen crypto exchange, has launch Wrapped Ether (wETH) direct deposits and withdrawals. It becomes the first and only crypto exchange integrated with wETH, which is backed on a 1:1 ratio […]
HIVE, Canaan ink new deal for 6500 cutting-edge BTC miners
TL; DR Breakdown HIVE Blockchain (BC) is bolstering its Bitcoin (BTC) mining operations. It has therefore acquired an additional 6,500 mining rigs. The firm is getting its rigs from Canaan. The machines are from Canaan’s Avalon line of cutting edge miners. HIVE BC has announced that it’s purchasing additional Bitcoin mining hardware. It’ll be acquiring […]
Genuine Bitcoin giveaway ongoing with Mark Cuban, see how it works
TL;DR Breakdon Mark Cuban’s Basketball team running a $100 Bitcoin giveaway. Bitcoin giveaway is in partnership with crypto sponsors, Voyager app. Cuban an ardent fan of Dogecoin. Mark Cuban’s owned basketball team, Dallas Mavericks, is currently doing a genuine Bitcoin giveaway for fans which would end on Saturday. On Wednesday, the professional basketball team said […]
BTC Mining grows in the United States
TL;DR Breakdown • The United States becomes number one in BTC Mining, replacing China.• The national authority seeks to create a law to make crypto-mining cleaner. After repressions against cryptocurrencies, China significantly dropped in BTC mining rates, giving space to new players. After the largest crypto-mining companies in China left for the United States, this […]
Microstrategy’s Bitcoin balance swells to $7 billion
TL;DR Breakdown Microstrategy’s Bitcoin balance is now worth $7 billion. The firm recently purchased 9,000 Bitcoins in September. Michael Saylor says Microstrategy will continue to buy more Bitcoin. Bitcoin has grown in popularity over the years due to its massive price increase since it was created. Though some individuals are still indifferent about the asset, […]
Meta – Facebook’s new name heading into the Metaverse
TL;DR Breakdown Facebook Inc. has rebranded and changed its name to ‘Meta’. The rebrand is part of the company’s major step towards helping to create the Metaverse. ‘Meta’ will start trading under its new stock ticker ‘MVRS’ from 1st December. Critics believe that the rebrand is Facebook’s strategy to shadow the recent allegations brought by […]
Texas Republicans accept blockchain technology, aim for crypto world center at Texas
TL;DR Breakdown • Texas could be the promoting state of cryptocurrencies.• The Republican Party seeks to create laws that favor blockchain technology in the state. The Republican party in Texas has made a move to accept cryptocurrencies as well as blockchain technology. This has occurred as a result of the great boom that virtual currencies […]
$200M Bitcoin Fund set to list on NASDAQ Dubai via ATM offering
TL;DR Breakdown: Dubai financial regulator has approved The Bitcoin Fund for ATM listing on NASDAQ Dubai. Amid the approval, about $200 million units of the fund will be issued to the exchange. This is aimed at serving the growing appetite for Bitcoin in the Middle East amongst institutions and retail investors. The Dubai Financial Services […]
Valkyrie’s filing rejected: SEC not ready for exotic futures
TL; DR Breakdown SEC turns down the Valkyrie ambitions of having a leveraged Bitcoin fund. The futures-backed fund falls under the Investment Company Act of 1940. The U.S. Securities and Exchange Commission is not approving Valkyrie’s proposal for a leveraged Bitcoin fund. The regulatory authority has not planned on complex futures but direct future products. […]
Bitcoin resurge to $61K after quick shakeout on Wednesday
TL;DR Breakdown: Bitcoin has reclaimed the $60K price after printing over $1.5k in one hour. Funding rates are returning neutral and open interest is starting to increase again. The largest cryptocurrency, Bitcoin (BTC), has pushed back to the $61,000 area after facing a quick correction on Wednesday, which saw the price tank by almost $2,000 […]
Nobel economist, Joseph Stiglitz says regulators should shutdown crypto now
Joseph Stiglitz, US public policy analyst and Nobel prize-winning economist, says cryptocurrencies should be shut down around the world, just like the Chinese government recently did, banning all related mining and trading activities. During an international finance conference hosted by the South Korean Seoul Seoul city government, the economist Joseph Stiglitz mentioned that regulators around […]
Australia plans to launch Bitcoin ETF products in 2022
TL;DR Breakdown • Australia’s first Bitcoin ETF could start in the second quarter of 2022.• The Australian authority has not yet answered trading in ETFs. Australia wants to venture into the world of Bitcoin ETFs. This is motivated after seeing the results of the first Bitcoin Futures ETF held by the United States. Australian managers […]
Bitcoin ATMs double in numebr since January amidst crypto adoption surge
TL;DR Breakdown Bitcoin ATM number doubles since January. Rise in crypto price prompt increase in number of crypto ATMs. Genesis coin leads as number one ATM manufacturer. According to data by the crypto ATM monitoring site Coin ATM radar, the number of Bitcoin ATMs scattered around the globe has doubled since January 2021. The monitoring […]
$182M in Bitcoin liquidated as price tanked almost $2,000 within an hour
TL;DR Breakdown: The price of Bitcoin dropped almost $2,000 early today, within a matter of minutes. The crash resulted in the liquidation of over $89 million BTC positions. Zooming out to the weekly charts, the largest cryptocurrency, Bitcoin (BTC), clearly seems to be in a downtrend. Since reaching an all-time high (ATH) of $67,000 last […]
Major South Korean pension fund denies Bitcoin ETF investment rumour
TL/DR Breakdown Korea Teacher’s Credit Union denies any plans of investing in a Bitcoin-backed ETF. It was rumoured that the firm will invest in Bitcoin ETFs by 2022. The rumoured investment would’ve further pushed the already soaring price of BTC. The Korea Teacher’s Credit Union, which is the biggest mutual aid association in South Korea, […]
Bakkt stocks surge 270% after MasterCard partnership
TL;DR Breakdown Bakkt stock surges by 270 percent. Firm partners MasterCard, Fiserv to boost crypto adoption. American crypto custody firm Bakkt has seen a sharp surge in its stock price after two massive partnerships with Mastercard and Fiserv. Bakkt stock saw the surge after outlining the two new partners in its attempts to enhance cryptocurrency […]
