Bitcoin HODLers are divided on whether now was the best time to sell. But mom and dad… Reddit’s r/Bitcoin community continues to pull on our heartstrings. On Thursday, a user by the name of “u/Bigtony96” claimed to have sold their entire Bitcoin (BTC) stash to pay off their parents’ mortgage.  The Redditor supposedly unloaded a total of 6 BTC accumulated over the past three years to close out the remaining balance on their parents’ home. They said there was enough money left over to cover taxes and, […]

Bitcoin’s move above $40,000 and the strong double-digit rallies of multiple altcoins prove bulls are running the show. The price of Bitcoin (BTC) hit a new all-time high above $40,000 on Jan. 7 after the price increased by more than $5,000 in less than 24-hours. BTC/USDT 4-hour chart. Source: TradingView.com The $40,000 barrier marks a significant milestone for the top-ranked cryptocurrency. According to Matt Blom, the head of global sales trading at EQUOS: “Bitcoin’s march to $40k has been driven by fresh capital from huge hedge funds, […]

In addition to trying to define stablecoins, the UK is looking to establish how close it wants its crypto laws to be to other countries. Her Majesty’s Treasury requests and requires the crypto industry’s input on prospective regulation. In a Jan. 7 announcement of open consultation, the United Kingdom’s finance policy department is asking the crypto community to weigh in on a series of proposals: “The government invites views from a wide range of stakeholders, and particularly firms engaged in cryptoasset activities.”  While Brexit formally came into effect […]

His last reported Bitcoin holdings were 0.25 BTC. Elon Musk, CEO of SpaceX and Tesla, has surpassed the net worth of Amazon founder Jeff Bezos. “Elon Musk has become the world’s richest person, as his net worth crossed $185bn (£136bn),” the BBC reported on Thursday. The futuristic businessman gained staggering wealth last year. “Musk started 2020 worth about $27 billion, and was barely in the top 50 richest people,” CNBC noted on Thursday, adding: “Tesla’s rocketing share price — which has increased more than ninefold over the […]

Early pandemic concerns crashed Bitcoin in 2020. What else could cause a similar reaction? During the market downturn in March 2020, Bitcoin (BTC) fell over 50% in value across a two-day period. Traditional financial markets also dropped vastly in March. Although Bitcoin posted a standout recovery, going on to smash all-time price highs, one might wonder what, if any, condition could instigate a similar future drop for crypto’s largest asset. Dermot O’Riordan, partner at venture capital outfit Eden Block, recently gave his thoughts on the matter.  “In […]

These are 2020’s most important events in crypto that will have a lasting effect on the adoption of blockchain and digital currencies. The year gone by had many ups and even more downs, mainly due to the global outbreak of a devastating virus that has crippled nations and killed millions. But for those in the crypto and blockchain community, 2020 finally showcased the true potential of the technology.  There were, arguably, more developments last year that will have long-lasting positive effects on the industry than during the […]

EQUOS has introduced a Bitcoin perpetual futures contract, possibly setting the stage for wider professional adoption of digital assets. EQUOS, a Singapore-based digital currency exchange operated by Diginex, has announced the launch of a new Bitcoin (BTC) futures product without any settlement dates, marking a substantial leap in the BTC derivatives market.  The firm introduced the BTC Perpetual Futures Contract on Thursday, a product it says is “well suited to the current trading environment.” The Perpetual contract is geared toward professional traders with various risk profiles, with […]