Monthly Archives: February 2021

Price analysis 2/17: BTC, ETH, DOT, ADA, XRP, BNB, LTC, BCH, LINK, XLM

Bitcoin price has posted all-time high today and that may pull select altcoins higher. Bitcoin (BTC) is gradually gaining ground on gold, the traditional store of value. Data shows that one ounce of gold can only buy 0.0352 Bitcoin as of Feb. 17, the lowest amount of BTC eve. This shows that Bitcoin has been rewarding its investors much more than gold.  Bitcoin has massively outperformed gold over various time frames. Even if the latest one-year data is considered, Bitcoin’s risk-adjusted return is 270% while gold’s is […]

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Tesla, Bitcoin and the crypto space: The show Musk go on? Experts answer

Here’s what crypto and blockchain industry experts think about Tesla’s recent $1.5 billion investment into Bitcoin. While 2020 was a significant year for Bitcoin (BTC), the just-begun year of 2021 is already full of great surprises. On Feb. 8, Bitcoin’s price jumped by almost $3,000 in minutes, then it surged 20% in 24 hours — all due to the news of Elon Musk’s Tesla allocating $1.5 billion of its balance sheet to BTC.  The same week, the oldest bank in the United States, Bank of New York […]

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US charges three North Korean hackers over crypto attacks and WannaCry ransomware

The Department of Justice has indicted three hackers affiliated with the infamous Lazarus Group. On Wednesday, the U.S. Department of Justice announced charges against three North Korean operatives.  Making the announcement, Assistant Attorney General John C. Demers condemned the North Korean program, the most famous branch of which is Lazarus Group. Demers said: “North Korea’s operatives, using keyboards rather than guns, stealing digital wallets of cryptocurrency instead of sacks of cash, are the world’s leading bank robbers.” With a country largely sequestered from the international economy, North […]

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Interview: How Bitcoin Changed My Life With Yung Lerk

Listen To This Episode: Apple Spotify Libsyn For this episode of Bitcoin Magazine’s “Meet The Taco Plebs,” I was joined by fellow pleb Yung Lerk (@YungLerk_) for his first-ever podcast appearance. This was one of my favorite episodes that I’ve recorded in this series and I’m sure you’ll love it just as much as I did. We kicked off this interview by discussing Lerk’s rabbit hole story and how he found Bitcoin. He described how he went through a four-touch process with Bitcoin after finding it for […]

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MicroStrategy raising $600M…. no, $900M to buy more Bitcoin

Should the purchase go as planned, the business intelligence firm would hold more than $3.5 billion in Bitcoin as a reserve asset. Following a Tuesday announcement that MicroStrategy would be planning to buy $600 million in Bitcoin through a sale of convertible notes, the business intelligence firm has upped the ante by another $300 million. MicroStrategy said today it would be selling $900 million in convertible senior notes due in 2027 in a private offering to qualified institutional buyers. According to the firm’s estimates, the proceeds of […]

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Bitcoin mania ‘not a fad,’ says Wedbush analyst

Dan Ives, Wedbush Securities’ managing director, believes BTC is on the cusp of a much bigger adoption story. Wedbush Securities, a prominent wealth manager based in Los Angeles, California, believes Bitcoin (BTC) is becoming a permanent fixture in the global financial marketplace. Managing director Dan Ives informed clients on Wednesday that corporate adoption of Bitcoin represents a much bigger story than merely predicting the digital currency’s future price. “We believe the story and theme here is much larger than just investing in Bitcoin and predicting its future […]

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Blockchain.com raises $120M funding round to grow institutional business

Blockchain.com is continuing its institutional pivot with the new cash injection. Several notable macro investment funds joined the round, including Moore Strategic Ventures, Access Ventures, Rovida Advisors, Lightspeed Venture Partners, Google’s investment spin-off GV, Lakestar, Eldridge, Hayman Capital’s Kyle Bass and others. The funding will be used to bolster Blockchain.com’s growing Institutional Markets business. The company recently expanded its suite and began offering crypto custody, trade execution and lending services tailored for institutional investors. Blockchain.com’s main business was a multi-cryptocurrency wallet, which processed 28% of all Bitcoin […]

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Bitcoin price eyes $63K next as rising BTC dominance puts altcoins at risk

The price of Bitcoin keeps climbing higher but one key support level must hold for the rally to continue. The current Bitcoin (BTC) price bull run seems almost unstoppable right now as BTC has just notched another new high on Feb. 17. The psychological barrier of $50,000 finally broke yesterday after multiple tests of this level in the previous week. In addition, banks are revealing their interest in BTC and more public companies are starting to hop on the Bitcoin bandwagon as the first German company revealed its position […]

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Blockchain.com Raises $120 Million in a Strategic Financing Round, Firm’s Institutional Arm Swells

On Wednesday, as the leading crypto asset bitcoin has been riding above the $50k handle, the well known firm Blockchain.com announced the company has raised $120 million in a strategic financing round. Blockchain.com says the financing comes at a momentous occasion, as the firm’s wallets have seen 65 million created to-date in over 200 countries. London Firm Blockchain.com Raises $120 Million from Macro Investors Blockchain.com is a popular cryptocurrency company that has been around since 2012. On February 17, 2021, the company’s cofounder and CEO, Peter Smith, […]

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What are privacy coins and how do they differ from Bitcoin?

Bitcoin is not as private as people might think, but multiple other assets that come with anonymity-boosting features do exist. Cryptocurrencies are typically pseudonymous, but not necessarily private. Bitcoin (BTC) and other assets run on blockchains, with each transaction posted publicly online. During a transaction between two or more parties, assets move to different wallets, each represented by a string of characters.  With these addresses and transactions visible to all, however, a certain level of trackability exists, especially if a wallet transfers funds to an exchange requiring […]

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