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Tag: Bitcoin

US Banks JP Morgan, Wells Fargo unveils first Bitcoin investment
News

US Banks JP Morgan, Wells Fargo unveils first Bitcoin investment

Two major banks in the United States, JP Morgan, and Wells Fargo, have made headlines by announcing their investment in Spot Bitcoin Exchange Traded Funds, marking a significant shift towards cryptocurrency adoption within traditional financial institutions. This move comes at a time when the price of Bitcoin continues to fluctuate around $60,000. According to reports […]

Bitcoin drops to $60,000 amid escalating Iran-Israel tensions
Crypto

Bitcoin completes 1bn trading volume

Alex Omenye The Bitcoin Network has achieved a momentous milestone by processing its one billionth transaction, marking a significant event in its 15-year history. As reported by CoinTelegraph, the milestone transaction, numbered 1,000,000,000, was confirmed in block 842,241 at 9:34 pm UTC on May 5, according to data from bitcoin user Clark Moody’s dashboard. This […]

Bitcoin rises to $87,480 as crypto market gains momentum
News

One in five Nigerians trust Bitcoin than banks – Report

One in five Nigerian consumers are using Bitcoin for daily transactions, with 67% expressing more trust in Bitcoin than traditional services like banks, local governments, and cash for safeguarding their life savings, a new research published by Elastos, specialists in Web3 infrastructure, revealed. The inaugural BIT Index (Bitcoin; Innovation & Trust) collected data from over […]

US SEC approves ETFs to track Bitcoin
Crypto

Bitcoin temporarily dips below $60,000 amid Israel-Iran conflict

Bitcoin witnessed a temporary dip below $60,000 on Friday morning following the news that Israel had launched retaliatory missile strikes against Iran in response to Iran’s recent foiled attack when it fired missiles toward Israel as tension increased between both countries. BeinCrypto reports that a senior US official confirms Israel’s strikes, which resulted in the […]

Bitcoin demand hits two-year high Argentina amid local currency crash
News

Bitcoin demand hits two-year high Argentina amid local currency crash

The surge in demand for Bitcoin in Argentina has reached its highest point in two years, driven by the continuous depreciation of the South American country’s local currency against the dollar. CoinTelegraph reports that over the past year, the Argentine peso has experienced a four-fold decline in value against the US dollar, dropping from 0.0049 […]

Bitcoin value is based on “thin air," Finance expert, Dave Ramsey
News

Bitcoin value is based on “thin air,” Finance expert, Dave Ramsey

Personal finance guru Dave Ramsey has echoed Warren Buffet’s skepticism regarding the legitimacy of cryptocurrencies, particularly Bitcoin, suggesting that its value remains grounded in “thin air” despite its soaring price. During a recent episode of the Dave Ramsey Show, as reported by Bitcoin News, Ramsey addressed a question posed by an audience member from Connecticut […]

El Salvador moves Bitcoin to offline vault
News

El Salvador moves Bitcoin to offline vault

President Nayib Bukele announced on Thursday that El Salvador will move “a big chunk” of its Bitcoin holdings to an offline device that will be kept in a real vault on the country’s soil. In a post on X, Bukele, who was re-elected to a second term as president last month, stated “We’ve decided to […]

Bitcoin drops to $60,000 amid escalating Iran-Israel tensions
News

Bitcoin becomes 8th largest global financial asset

Melvin Onwubuke Bitcoin has now overtaken silver, the second most valuable commodity in terms of value, according to Company Market Cap. In the list of the top ten financial assets, bitcoin is now the 8th largest financial asset, beating Silver and Facebook Meta. As the Bitcoin bull run continues, reaching a new all-time peak of […]

Bitcoin rises to $87,480 as crypto market gains momentum
News

Bitcoin rises above $71,000

Bitcoin on Monday, reached an all-time high, surpassing $71,000, indicating a relentless surge in the value of the leading cryptocurrency. The Financial Conduct Authority in the UK joined other regulators in allowing recognized investment exchanges to introduce crypto-backed exchange-traded notes. During European trading, Bitcoin experienced a 4.8% increase, hitting a historic peak of $71,677 and […]

Nigerians search to 'sell bitcoin' after Binance exit — Google
News

Nigerians search to ‘sell bitcoin’ after Binance exit — Google

A large number of Nigerians are looking to “sell bitcoin,” according to a recent Google Search Trends survey. According to the data, the number of people searching for “sell bitcoin” has increased by an astounding 376% worldwide. Nigeria is ranked first on the list. The licensing of spot Bitcoin Exchange-Traded Funds by US authorities has […]

Bitcoin holder Micro Strategy loses $440K to hackers
Crypto

Bitcoin holder Micro Strategy loses $440K to hackers

By Alex Omenye MicroStrategy Inc., recognized as the largest publicly traded corporate holder of Bitcoin, experienced a security breach, resulting in a loss of $440,000 for unsuspecting users. The incident, currently under scrutiny by crypto security analysts, unfolded when an adept attacker strategically posted and subsequently deleted content on MicroStrategy’s X page. The deceptive post […]

Bitcoin holder Micro Strategy loses $440K to hackers
Crypto

Bitcoin surges to $1trn comeback

By Melvin Onwubuke The value of Bitcoin, the world most popular cryptocurrency has more than tripled to $52,000 since November, 2022. There was a high profile implosion of crypto exchange FTX in 2022, which accounted for the liquidity crisis at several crypto firms. According to CNN, following the gains of 2023, investors have returned in […]