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. Cathie Wood said she currently owns over $7 million worth of…
Category: Bitcoin News
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Cash App Introduces Bitcoin Transactions via Lightning Network
The payment processing app created by Block Inc, Cash App, has now accepted bitcoin transactions, enabling users to both send and receive Bitcoin via the lightning network. Payment processing app created by Block Inc, Cash App, has now added support…
Brazilian City of Porto Alegre Formally Makes Room for Bitcoin Pizza Day
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…
Is Bitcoin Gearing Up to Exit the Current Bottom?
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…
El Salvador’s Government Refusing to Share Details on its BTC Stack – ALAC
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…
South African Supermarket Chain Pick n Pay Starts Accepting Bitcoin Payments
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…
China Plays Top Crypto Whale, Followed By US: Sources
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…
Michael Saylor Believes Bitcoin is the Solution to the Lebanon’s Financial Crisis
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…
Bitcoin Gains Momentum Based on Positive CPI Numbers
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…
Bitcoin’s Dawn of the ETF Era: ARK Investment
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…