On Monday (October 18), Scott Minerd, Global Chief Investment Officer of Guggenheim Partners, and the man who said last December that “Bitcoin should be worth about $400,000”, said that he is no longer playing in the Bitcoin market. Minerd is also the Chairman of Guggenheim Investments, which is “the global asset management and investment advisory division of Guggenheim Partners and has […]

After a myriad of rejections by the SEC over the past years, it has now been officially confirmed that the first-ever Bitcoin ETF in the United States is set to make its debut this week.  ProShares’ ETF To Start Trading On NYSE This week marks a landmark event in the crypto industry as the first long-awaited Bitcoin ETF in the […]

Almost all bitcoin holders are currently in profit for the first time since bitcoin overtook the previous long standing all time high of $20,000. According to blockchain analytics startup Glassnode, 99.02% of all BTC supply is now in profit with that last 0.98% potentially joining soon as bitcoin nears its final resistance at $64,000. The crypto jumped today as Shanghai […]

For nearly a decade, China had dominated the Bitcoin mining scene and contributed as high as 75% of global mining hash rates. Chinese Bitcoin hash rates have fallen to zero following a heightened crackdown from the country’s regulatory agencies. In the wake of the crackdown, other countries are filling the boots left by China with the US leading the charge. […]

Miami’s mayor is going ahead with his plans to pay the city’s employees in Bitcoin. The city will put out a formal request for the proposal as it seeks to cement its place as the cryptocurrency capital of the world. The mayor is one of cryptocurrency’s most vocal enthusiasts and has opened the city doors to estranged Bitcoin miners. Miami’s […]

An old, beat-up Subaru Impreza found in a barn in Australia just sold for $360,000 worth of Bitcoin after it was discovered to be a long-lost rally racing legend.  According to a report by CNBC, a Prodrive Subaru Impreza was found in a barn in the Australian state of Victoria. The car was originally thought to be worth between $15,000 […]

Key takeaways Jack Dorsey says that Square has plans to build a globally accessible Bitcoin mining system. The project which will be led by Square’s Head of Hardware Jesse Dorogusker will take on prevalent problems of Bitcoin mining. The move is highly bullish for the Bitcoin community.  Staunch Bitcoin proponent Jack Dorsey on Friday disclosed that his fintech company Square […]

Large bitcoin holders are not selling their digital assets waiting for a new ATH. According to CryptoQuant.com, 98% of the bitcoin supply is currently in profit. However, bitcoin holders do not sell despite the profit they make. Bitcoin Displays More Bullish Signals BTC is now trading over $60,000. The figure is about $5,000 less than its all-time high. The latest […]