Category: Bitcoin

Global payment giant Visa is moving forward with its commitment to digital currency adoption by approving the issuance of a new Bitcoin (BTC) debit card in Australia. Sydney-based crypto spending app CryptoSpend announced Wednesday that Visa has approved the issuance of a physical debit card that will allow Australians to spend their Bitcoin at local

Fidelity Digital Assets is getting ready to expand its cryptocurrency team as institutional demand heats up. According to Tom Jessop, president of Fidelity Digital Assets, the firm’s cryptocurrency unit plans to increase its workforce by 70% and hire around 100 new employees in its Dublin, Boston and Utah locations amid strong interest from institutional investors. 

Popular on-chain analyst Willy Woo says that Bitcoin is poised to hit the six-digit price range once its retracement is over. Woo says in a new interview with Bitcoin bull Anthony Pompliano that based on on-chain data, he believes it’s only a matter of time before the leading crypto asset kicks off the next phase

Investment product issuer 21Shares has joined forces with comdirect, a leading online brokerage in Germany, to bring its cryptocurrency exchange-traded products, or ETPs, to savings accounts.  The partnership means that comdirect’s nearly 3 million customers will be able to integrate physically-backed crypto ETPs into their Spar savings accounts. 21Shares claims this is the first such

It’s not yet known whether Binance’s recent news of  being temporarily suspended from the U.K.’s financial system is the main driver behind today’s Bitcoin (BTC) price drop. As Cointelegraph reported, the exchange sent emails to affected customers but has not given any details. Regardless of the reason behind the price weakness, derivatives contracts started to display

Banking giant JPMorgan has some reservations regarding El Salvador’s recent decision to make Bitcoin legal tender. In a report revealed by Bloomberg, analysts from the bank say they believe that BTC being used as legal tender will put strains both on Bitcoin and El Salvador itself.   According to JPMorgan’s analysis, there is too much

Prominent crypto analytics firm Santiment is revealing some potential signs that Bitcoin may be ready for a bounce up in price after weeks of sideways trading.  Santiment shares two metrics on Twitter with its 77,600 followers that suggest Bitcoin sellers are starting to lose steam.    “The amount of daily inflow of Bitcoin to known

Trading volumes plunged more than 40% in June across multiple cryptocurrency exchanges as tokens move sideways through a two-month correction. Following a storm of bad news for the cryptocurrency space, June trading volume dropped more than 40% on major exchanges such as Coinbase, Kraken, Bitstamp and Binance, according to data from the London-based researcher CryptoCompare.

Parker Lewis, head of business development at crypto lending platform Unchained Capital, says there are a few fundamental aspects backing Bitcoin’s value. In an interview with Peter McCormack on the What Bitcoin Did podcast, Lewis addresses the popular conception that Bitcoin (BTC) is backed by nothing and has no intrinsic value.   Comparing Bitcoin to

The9, a Chinese internet company listed on the Nasdaq, is moving forward with its cryptocurrency mining plans by signing a contract with a major Russian data center operator. The company announced Monday that it has signed a crypto-mining hosting agreement with Russian crypto mining services provider BitRiver through its fully-owned subsidiary, NBTC. As part of the