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Tag: Bitcoin

Nigerians search to 'sell bitcoin' after Binance exit — Google
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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 […]

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

Bitcoin hits $50k first time in over two years

Bitcoin reached the $50,000 level, marking the first time in over two years, propelled by expectations of upcoming interest rate cuts and recent regulatory approval for U.S. exchange-traded funds tracking its price. The cryptocurrency has seen a 16.3% increase this year, reaching its highest point since December 27, 2021, with bitcoin trading at $49,899 at […]

Bitcoin holder Micro Strategy loses $440K to hackers
Crypto

Bitcoin falls to $30K

Alex Omenye Despite the United State’s government endorsing Bitcoin Spot ETFs, the price of bitcoin fell precipitously in January. A striking contrast to the lofty trusts that the cryptocurrency sector had before the SEC made its decision. Bitcoin ETFs have sparked intensely optimistic estimates for the price of BTC and have been hailed as a […]

How IRS will tax Bitcoin ETFs
Crypto News

How IRS will tax Bitcoin ETFs

With only one share, investors may get exposure to a wide range of assets and industries thanks to exchange-traded funds also known as ETFs. Investors may purchase bitcoin without actually possessing the cryptocurrency by using a bitcoin exchange-traded fund. An ETF is introduced by many entities. Regarding the bitcoin ETF, funds are contributed to a […]

US SEC approves ETFs to track Bitcoin
Crypto News

US SEC approves ETFs to track Bitcoin

The United States Securities Exchange Commission on Wednesday approved the first U.S.-listed exchange-traded funds to track Bitcoin. Notwithstanding warnings from several authorities and investor advocates over the products’ hazards, the Securities and Exchange Commission said it had accepted 11 applications, including those from BlackRock, Ark Investments/21Shares, Fidelity, Invesco, and VanEck. According to issuers, the majority […]

El Salvador moves Bitcoin to offline vault
Crypto News

Bitcoin surges to $45,000 first time since April 2022

With hope surrounding the potential licensing of exchange-traded spot bitcoin funds, the world’s largest cryptocurrency kicked off the New Year with a bang as Bitcoin surged beyond $45,000 on Tuesday for the first time since April 2022. With its highest year performance since 2020, Bitcoin gained 156% last year and reached a 21-month high of […]

Business

Bitcoin defies dollar surge, surpasses $44,000

The price of Bitcoin briefly surpassed $44K on Wednesday morning despite an increase in the value of the US dollar. According to The Times, a number of encouraging economic data points supported the US Dollar Index’s upward trajectory, which reached a two-week high today at roughly 104 index points. Despite this, institutional interest in Bitcoin hasn’t […]

European Central Bank launches digital euro
News Tech

European Central Bank launches digital euro

The European Central Bank on Wednesday, made another advancement towards the introduction of a digital form of the euro that would enable electronic payments across the 20 countries. On November 1, the ECB announced that it would begin a two-year “preparation phase” for the digital euro, during which it would clarify rules, select its partners […]

Bitcoin holder Micro Strategy loses $440K to hackers
Business

Bitcoin records first weekly gain since August

Bitcoin’s four-week price fall has come to a stop, with the cryptocurrency posting its first weekly rise since August. The greatest cryptocurrency asset by market value has grown by around 2.5% to about $26,458 since last Saturday. According to The Times, the digital asset was trading at $26,468 while market bulls had their sights set on […]

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