In Shanghai, Bitcoin is already a virtual asset protected by Chinese law
Bitcoin is now property protected by Chinese law. Indeed, a new ruling by the Shanghai High People’s Court in China has taken a new turn. By declaring Bitcoin as protected virtual property. As reported by Chinese media: “In the actual practice of the trial, the People’s Court has formed a unified opinion on the legal…
Margaret Reed
Emirates airline will accept Bitcoin as a payment method
The largest airline in the United Arab Emirates (UAE) has announced that it will incorporate Bitcoin (BTC) as a means of payment. In addition, the Emirates airline will also launch non-fungible tokens (NFTs). To remember, Emirates Airlines, made public for the first time in April its plan to spend millions of dollars, in a strategy…
The Lightning network reached a capacity of more than 3,900 BTC!
In recent days, a new “achievement” of the Lightning network was recorded. After heading through a stage of recovery from its collapse last April, it managed to reach a new all-time high. The capacity of LN easily exceeded 3,700 BTC to stand above 3,900. Below we show you the details of the event. Recovery from…
The writer Robert Kiyosaki, expresses that the fall of Bitcoin represents the best time to become rich
At the moment, Bitcoin is trading near $30,000 dollars, in the midst of a volatile market that has seriously affected cryptocurrencies. However, despite its sharp decline, many investors are interested in acquiring this cryptocurrency at a much lower price than normal. Among these investors interested in Bitcoin, there is the author of the personal finance…
Ben Bernanke: “Bitcoin is used for illicit activities”
In an interview, Ben Bernanke, the former chairman of the US Federal Reserve (FED), shared his opinion on Bitcoin with CNBC’s Andrew Ross Sorkin. Which indicated that Bitcoin is mainly used in the underground economy for illicit activities. «The main use of Bitcoin is mainly for underground economy activities. And often things that are illegal…
Covert Bitcoin mining grows in China despite Beijing ban
Bitcoin miners have not given up in China, despite the ban by the Chinese government. In 2020, China was the largest crypto mining center in the world, accounting for between 67% and 75% of the total hash rate of the Bitcoin network. However, China’s participation plummeted to zero between July and August 2021, when the…
Michael Saylor: “Bitcoin is going to reach the millions”
Michael J. Saylor is an American entrepreneur and business executive, CEO of MicroStrategy. And despite the massive sale of Bitcoin, he stands firm in his decision: “Buy and hold Bitcoin.” «There is no target price. I hope that we will be buying Bitcoins in the local top forever. And I hope Bitcoin will reach the millions. So…
Andrew Kang indicates that MicroStrategy will not sell its Bitcoins
Andrew Kang, chief financial officer (CFO) of MicroStrategy, has signaled that the firm will not back down from its Bitcoin investment plans. Despite the correction of it. He even pointed out that investors are aligned with the company’s decision. Currently, Andrew Kang, with a Bachelor of Arts in Biology and a postgraduate degree in Accounting,…
Scott Minerd predicts Bitcoin price could hit $8,000
In a recent interview Scott Minerd, chief investment officer (CIO) of Guggenheim Partners and stock market investor, expressed that Bitcoin could collapse further and fall to $8,000 from its current levels. That is, a drop of more than 70% from the current price, which according to CoinMarketCap is at $29,154. Indeed, since dropping below $30,000…
Tim Draper explains why he projects Bitcoin above $250,000
Despite the great depression that the cryptocurrency market is going through, Bitcoin optimist billionaire Tim Draper still believes in his prediction; which points out that BTC could reach $250,000 by the end of this year and part of 2023. During a chat with a trader, he revealed what this catalyst would be that could propel…
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