The cost to purchase one Bitcoin in Turkey’s peer-to-peer crypto markets has surged to over $100,000. According to data fetched from LocalBitcoins.com, the minimum Ask price for Bitcoin has reached 509,840 Turkish Lira (~$64,000). Meanwhile, some offline exchanges demand as much as $100,000 in Lira for one flagship cryptocurrency, almost twice higher than its global Ask rate. Lira Crashes The […]

U.S. banking giant Bank of America (BofA) claims only $93 million in capital is needed to influence Bitcoin’s price by one percent.  According to TheStreet, in a report (titled “Bitcoin’s Dirty Little Secrets”) published last week, Bank of America slammed Bitcoin, calling the cryptoasset slow, volatile and impractical. The banking giant also highlighted the environmental impact of Bitcoin mining and […]

Earlier today (March 21),  Robert Kiyosaki, the highly successful author of the “Rich Dad Poor Dad” series of personal finance books, gave his latest thoughts on the relationship between money and happiness. “Rich Dad Poor Dad“, which is one of the top 10 personal finance books of all time, “advocates the importance of financial literacy (financial education), financial independence and building wealth through investing in […]

A recent survey shows that the vast majority of accredited investors in the U.S. intend to buy Bitcoin during 2021.  On January 18, Singapore-based firm CrossAngle surveyed 379 U.S. accredited investors “to better understand their outlook on crypto investing.” According to the firm’s “Crypto Investing in 2021” report, these were some of their findings: 87% “have heard about Bitcoin.” 70% […]

This year has been a promising one for Bitcoin ETF approvals as yet another exchange-traded fund monitoring the success of the first-ever cryptocurrency will arise – this time, in Brazil.  CVM, Brazil’s exchange commission,  gave QR Capital’s application the go-ahead, and the commodity, QBTC11, will be live on the Sao Paulo stock exchange. Bitcoin ETF Approved in Brazil QR Capital […]

Bitcoin’s “rich list” has shrunk over the past month amidst the ongoing rally, as more and more investors seek to take profits on their gains.  According to a report by CoinDesk, the number of bitcoin wallets holding at least 1,000 BTC has fallen by 8% since the beginning of February. The report cites data compiled by on-chain analytics firm Glassnode […]

With bitcoin continuing to increase in value, analysts at Deutsche Bank are in agreement when they assert that the cryptocurrency isn’t going anywhere. Unless you’ve been living under a rock, you’re more than aware of bitcoin’s stellar growth over the past months. Data from CoinMarketCap shows that it is currently trading at $58,687.91, with a market cap worth $1.09 trillion. […]

On Wednesday (March 17), publicly-listed Chinese tech firm Meitu Inc. announced that it had bought more BTC and ETH. Meitu, which was founded in 2008, “has become one of China’s top Internet enterprises owing to its leading AI-driven image-and-video processing technologies and social community.” It has “been listed on the Hong Kong Stock Exchange since December 15, 2016 (Stock code：1357.HK).” […]