Cathie Wood said she currently owns over $7 million worth of bitcoin, which she purchased on the advice of Reagan-era economist Arthur Laffer while it was trading at $250. The ARK Investment Management CEO shared the information last week in a podcast interview called What Bitcoin Did with Peter McCormack. She added that she had…
Payment processing app created by Block Inc, Cash App, has now added support for Bitcoin transactions enabling users to both send and receive Bitcoin via the lightning network. After its integration with the lightning network in February to allow users to make payments using Bitcoin, Cash App has now added support for transactions via the…
A Bill has formerly been passed to recognize May 22 as Bitcoin Pizza Day in the city of Porto Alegre in Brazil. Sebastiao Melo, the mayor of the city, is credited with having approved the law around the end of August. A tweeter user @Akva556 announced the news following a press statement on Wednesday. …
Since Bitcoin (BTC) has been trading above the psychological price of $20K, Glassnode has released its weekly on-chain report titled “Hammering Out The Bottom,” scrutinizing the stakes and the risks that may lay on the road ahead. The market insight provider stated: “Bitcoin has rallied back above the $20k level this week, pushing off…
El Salvador’s Anti-Corruption Legal Advisory Center (ALAC), a body tasked with holding the government accountable for corruption-related practices has come out to declare that its request for details on the Bitcoin (BTC) investments made by the government through BANDESAL, the country’s development bank has been rejected twice. It is not immediately clear why ALAC is…
Pick n Pay, a major supermarket chain in South Africa, announced on Tuesday that it now accepts Bitcoin as payments in its online store, according to a local media report. Customers can now pay with Bitcoin (BTC) using any Lightning Network-enabled app, such as BlueWallet or Muun, to buy groceries, hygiene products, household supplies, and…
Ki Young Ju, the Chief Executive of crypto analytical platform CryptoQuant, on Thursday informed his followers through his tweets that the China government is a crypto whale. Ki went ahead and explained that China authorities seized 194k BTC from the PlusToken scam in 2019 and holds $6 billion worth of digital assets in its national…
Michael J. Saylor, Co-founder of Microstrategy, has made claims that he believes the use of Bitcoin (BTC) is the solution to the financial crisis that is being experienced in Lebanon as the country’s currency has lost 96% of its value against the U.S. Dollar (USD). Saylor gave the opinion on Twitter as he claimed that…
After slipping to lows of $15.5K amid FTX’s liquidity crunch, Bitcoin (BTC) gained momentum due to better-than-expected consumer price index (CPI) numbers released by the U.S. Bureau of Labor Statistics. Crypto and market education platform IncomeSharks tweeted: “Bitcoin has an easy path back to $20k as Stocks pushing up and positive CPI numbers.” …
According to a report by ARK Investment, in June 2023, Bitcoin experienced a resurgence in institutional sentiment, with the supply of Bitcoin that had remained unmoved for at least a year reaching an all-time high of approximately 70% of the circulating supply. This development suggests a strong holding pattern among Bitcoin investors, a trend that…