Day: February 12, 2021

A new trend? Non-crypto CEOs and celebrities embrace Bitcoin on Twitter

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A growing number of business leaders and celebrities — e.g., Elon Musk, Jack Dorsey, Alex Ohanian and, most recently, Ricardo Salinas — have added the Bitcoin hashtag to their Twitter biographies. It hasn’t gone unnoticed. When Elon Musk added #Bitcoin to his bio in late January, Bitcoin soared by 20%. If indeed a succession of billionaires and tech moguls have taken the Bitcoin pledge — whatever that might entail — what is their motivation? Are they trying to manipulate the market, for instance — or promote their brand? Could they…

Ari Stiegler: Cryptocurrency Craves Stability

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Cryptocurrency can transform the way we exchange goods and services, but establishing a baseline sense of stability is a prerequisite to the expansion of this technology. For the better part of the last decade, cryptocurrencies have captivated the minds of investors interested in applying the latest technologies to the age-old concept of money. Through blockchain technology, cryptocurrencies have promised to be a more egalitarian medium of exchange uniquely tailored to the needs of a globalized, twenty-first-century economy. Unconstrained by the whims of monetary policy, cryptocurrency was envisioned to transcend national…

First Bitcoin ETF in Canada Approved, Is US Next?

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A Bitcoin ETF has been approved in North America. Canadian securities regulators on Thursday approved the first publicly traded Bitcoin exchange-traded fund Purpose Bitcoin ETF. While everyone was looking at the SEC to approve the first ETF in the US, Canada has made a move for it and proven its progressive view of Bitcoin and crypto at large. The Bitcoin ETF is set to provide exposure to long term, “high-risk” investors. The approval is set to cover these territories, British Columbia, Alberta, Saskatchewan, Yukon, Quebec, New Brunswick, Nova Scotia, Prince…

WILL EFFORCE (WOZX) BE THE NEXT APPLE!? Cryptocurrency Analysis 2020

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Efforce (WOZX) is the next great company from Steve Wozniak in 45 years!!! If all goes well, it might just become the next Apple! In the video today, we will dive into this blockchain and cryptocurrency project, as well as discuss what the project is, how the crypto is set up, what the analysis is, and how the news is poised to make this crypto outlook be situated. Come dive into the show today as we discuss all things EFFORCE (WOZX)!!! Lots…

Jack Dorsey and Jay-Z to Launch Bitcoin Trust in India and Africa

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The crypto industry in Africa and India is still nascent as the countries are just beginning to come to terms with what this new technological advancement means for their financial industry. Twitter’s CEO Jack Dorsey together with billionaire music mogul Jay-Z have announced a blind Bitcoin (BTC) development trust that is worth 500 units of BTCs which translates to over $23 million. The trust would have a mission of “making bitcoin the internet’s currency” and it would be focused on teams in India and Africa, first. These teams would make…

Bitcoin Price Prediction by Glassnode CTO Indicates 135% Rally to $100K

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According to the analysis, the ratio between Bitcoin market capitalization and thermocap suggests the asset could surge another 135% in the near future. As institutional investors proliferate into the crypto industry, Bitcoin price prediction from different corners continues to fuel the ongoing bull rally. According to Glassnode CTO and co-founder Rafael Schultze-Kraft, Bitcoin could see a further surge of approximately 135% from the current levels of $48k to hit slightly above $100K. Notably, Rafael used on-chain data to come up with his Bitcoin price prediction. Besides, he compared the current…

Bitcoin News Roundup for Feb. 12, 2021

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With bitcoin slipping after hitting a new all-time high around $49K and Canadian regulators approving a bitcoin ETF, CoinDesk’s Market Daily is back with the latest news roundup. Add Markets Daily to your Alexa Flash Briefing here. This episode is sponsored by Nexo.io. ByteTree’s Charlie Morris shows how bitcoin’s price gets to $1 million by 2032. PLUS: JPMorgan hounded by own traders over absence in bitcoin market. JPMorgan employees have hounded senior trading-division management during internal “town hall” meetings over when the largest U.S. bank might get into bitcoin, CNBC…

India to Issue Crypto Ban, Holders to Be Given Transition Period

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Crypto traders and investors as well as companies are expected to be given a three to six month transition period to liquidate their digital holdings after the new law is made officially. According to reports, India is set to issue a crypto ban in the country as a draft bill is likely to be passed. A senior Finance Ministry official who wanted to remain anonymous told reporters that the legislative proposal, ”The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021,” won’t be imposed overnight and is yet to be…

Miami Mayor Pushes Proposal for City’s Workers to Be Paid in Bitcoin

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The Miami mayor who’s been an advocate for Bitcoin and cryptocurrencies revealed that he wants to make his city the most attractive in the United States for those in the crypto and blockchain industry. Miami Mayor Francis Suarez has proposed that municipal workers receive payment in Bitcoin as well as tax collection in a bid to expand a campaign to promote cryptocurrencies. According to a resolution passed by the city’s governing commission, the mayor urged the City to allow City of Miami’s workers to choose to receive part or all…

JPMorgan will get into Bitcoin ‘at some point’, says co-president

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Major U.S. investment bank JPMorgan Chase will eventually have to get involved in Bitcoin (BTC), co-president Daniel Pinto believes. The executive told CNBC Friday that JPMorgan’s decision to introduce Bitcoin services would depend on the client demand to trade Bitcoin. Although the current demand is not strong enough, Pinto is confident that it could grow further: “If over time an asset class develops that is going to be used by different asset managers and investors, we will have to be involved […] The demand isn’t there yet, but I’m sure…