Skybridge Capital Founder Says Bitcoin ‘Will Easily Trade at $500K’ — Urges Investors to …

Anthony Scaramucci, the founder and managing partner of New York City-based investment firm Skybridge Capital, commented on the U.S. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods […]

Crypto Advocates Weigh ETF Rejection — Veteran Trader Peter Brandt Says Bitcoiners …

Following the Securities and Exchange Commission’s rejection of Vaneck’s bitcoin spot market exchange-traded fund on Friday, a number of cryptocurrency advocates discussed the subject this weekend. regulator rejected Vaneck’s bitcoin spot ETF and cited a lack of prevention toward “fraudulent and manipulative acts and practices” in the market. In fact, the Proshares Strategy ETF debut […]

Visa Executive Says Crypto Is ‘Becoming Cool’ — New Class of Mainstream Consumers …

He explained that a “whole new class” of mainstream consumers are entering the crypto space because of non-fungible tokens . Now people are using them to discover new music, he described, adding that they are increasingly becoming more of a “super app” that influences consumers’ life. In August, Sheffield was asked whether he thought NFTs […]

Egyptian Billionaire Remains Bullish on Gold, Says It’s Wrong to Compare Precious Metal to Bitcoin

In his remarks published by The National News, the billionaire reveals he believes it is wrong for people to make comparisons between gold and bitcoin. As a sign of his endorsement of gold ahead of cryptocurrency, one of the companies that Sawiris backs, AKH Gold, is reported to have signed a deal to explore nine […]

US ‘Kidnapped’ Russian Crypto Businessman Denis Dubnikov, Lawyer Says – Bitcoin News

law enforcement agents have “kidnapped” crypto entrepreneur Denis Dubnikov in Mexico, before transferring him to the Netherlands where he was arrested, his lawyer told Russian media. The co-founder of crypto trading platforms Coyote Crypto and Eggchange was first held at the airport in Mexico City while on vacation and then boarded a flight to the […]

The Metaverse Is the Next Big Investment Theme, According to Morgan Stanley – Bitcoin News

Strategists from the bank believe this alternate conception of reality is amassing important interest from companies like Meta and Microsoft, which are already trying to grasp the concept. Morgan Stanley, one of the biggest investment banks in the world, announced it considers the metaverse the next big investment scheme, according to a note directed to […]

Bitcoin’s Hashrate Soars 42% Higher Over the Last 3 Months Following Crypto Asset’s 36 …

While bitcoin has been hovering above the $60K handle for a great majority of the last 28 days, the network’s hashrate has jumped considerably during that time as well. The overall hashrate is 42% higher than it was three months ago and that was roughly a month after China’s crackdown on bitcoin miners. In the […]

Moonshot to $90K — After Bitcoin Upgrade Taproot Activates, Crypto Advocates Expect the …

In mid-June, the ‘Speedy Trial’ lock-in period for the Bitcoin network upgrade Taproot locked in at block height 687,285 and was mined by the bitcoin mining pool Slushpool. Taproot is expected to activate and go live on the main network on Saturday, November 13, 2021, following the lock-in period this past summer. While Taproot output […]

2010 Mystery Miner Transfers Another String of 20 Decade-Old Block Rewards – Bitcoin News

Two days ago on November 10, a mystery whale transferred 20 block rewards from 2010, which saw the movement of 1,000 decade-old bitcoins worth $68 million at the time of transfer. The day bitcoin reached an all-time price high on Wednesday, November 10, the mystery whale returned for the first time since June 9, 2021. […]

Meet the Antminer S19 XP — Bitmain Reveals ASIC Manufacturer’s Most Powerful Bitcoin Miner

The journalist wrote that compared to the current generation of Antminer S19s, the latest in the series of models has “been greatly improved.” Following Wu’s tweet on November 6, Bitmain hosted the World Digital Mining Summit in Dubai and revealed the firm’s next-generation machine. Bitmain’s new miner will pack a lot of computing power as […]

Unnamed South African Investor Proposes Buying 51% Stake in Collapsed Crypto Firm for $5 Million

An unknown investor has proposed to acquire a 51% stake in Africrypt — the collapsed cryptocurrency investment company — for a purchase price of $5 million. According to a report by Moneyweb, Africrypt creditors are set to vote on the compromise offer on November 12, 2021. As previously reported by Bitcoin.com News, Africrypt collapsed when […]

Indonesia’s Islamic Authority Declares Cryptocurrency Haram, Forbidden for Muslims – Bitcoin News

Indonesia’s top Islamic body, the country’s authority on Shariah compliance, has reportedly declared cryptocurrency haram, forbidden for Muslims under Islamic law. The Ulema Council advises the country’s finance ministry and central bank on Islamic finance issues. Meanwhile, the government is pushing to set up a crypto exchange by the end of the year and Bank […]

If Stablecoins Are Going to Be Regulated Like Banks, They Should Enjoy All the Benefits …

With the market capitalization of stablecoins expanding at an unprecedented rate, governments and financial regulators worldwide have started focusing on better regulating this rising asset class. The stablecoin market is currently valued at more than $135 billion, with significant chances of explosive growth as it starts gaining mainstream attention from businesses and individuals as an […]

Largest Stablecoin by Market Cap Tether Launches on the Avalanche Network – Bitcoin News

“USDT on Avalanche is an essential building block for DeFi users,” Emin Gün Sirer, the director of the Avalanche Foundation explained in a statement. Over the last 30 days, the native asset on the Avalanche chain has increased in value by 59.9%, and year-to-date, AVAX has swelled by 2,554% in value. Tether’s reserve transparency page […]

While BTC Skyrocketed to $69K, Whale From 2013 Transfers $147 Million Worth of …

Following the string of 20 block rewards spent on Wednesday, an idle bitcoin wallet that was created on July 10, 2013, transferred 2,207 so-called ‘sleeping bitcoins’ worth over $147 million. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in […]

Mystery Whale Returns Moving a String of 20 Decade-Old BTC Block Rewards

Now after the June 9th appearance, on November 10, the mystery whale returned once again to spend another 1,000 bitcoin stemming from 20 block rewards mined more than ten years ago. Last year, following the market carnage on March 12, 2020, otherwise known as ‘Black Thursday,’ Bitcoin.com News discovered a large whale spending 20 consecutive […]