Bitcoin Is Fiat

Bitcoin is not a digital commodity, it is a decentralized digital fiat currency.

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U.S. Bitcoin strategy picks up pace - BTC declared 'digital gold'

U. S. Treasury recognizes Bitcoin as “digital gold,” emphasizing its role as a store of value. Trump’s nomination of Scott Bessent signaled strong Bitcoin advocacy and potential strategic The post U.

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Crypto miner Marathon Digital adds $100m in Bitcoin to reserves

Bitcoin mining company Marathon Digital has purchased $100 million worth of BTC as part of its "HODL strategy."

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World’s largest bank ICBC praises the evolution of Bitcoin, Ethereum as innovative financial assets

The world’s largest lender, Industrial and Commercial Bank of China (ICBC), recently published an in-depth analysis highlighting the rapid evolution and growing diversity in digital currencies, where it compared Bitcoin to gold and deemed Ethereum “digital oil.

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Is Bitcoin in Trouble? ETF Holder Number Plummets

Bitcoin ETFs are seeing outflows as digital gold loses crucial threshold

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Novogratz's Galaxy Digital Explains What Makes This Bitcoin Halving Special

The upcoming Bitcoin halving is unique, according to cryptocurrency group Galaxy Digital

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Post-Halving Pressure: Marathon Digital Anticipates Bitcoin Break-Even Price Of $43,000

The Bitcoin (BTC) market has been on a wild ride recently, hitting a new all-time high (ATH) before experiencing notable volatility that resulted in an 8% drop to the $65,500 level on Friday.   Meanwhile, Marathon Digital, one of the largest US-based Bitcoin mining companies, is preparing to acquire more power infrastructure and streamline operations to meet the challenges posed by a reduction in revenue due to the upcoming April halving event.

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Top altcoins for portfolio diversification as Bitcoin explores ATHs: WIF, $0DOG & ADA

Crypto enthusiasts are hunting for profitable opportunities as several coins record impressive gains. Bulls have dominated the digital asset class lately, pushing Bitcoin (BTC) prices past historical highs on Tuesday.

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Report Shows $320 Million In Capital Injection: Why Bitcoin Dominated Crypto Inflows

In an unexpected turn of events, the digital asset investment sphere, particularly Bitcoin, has witnessed a massive influx of funds, marking the most significant weekly gain since July last year. A total of $326 million was injected into digital asset investment products, indicating a resurgence of optimism among investors.

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World Digital Mining Summit: Bitcoin miners embrace efficiency and renewable energy

Bitcoin mining is at the heart of the digital gold rush and it is a critical process that underpins the entire cryptocurrency ecosystem. Bitcoin miners validate transactions, secure the network, and, in the process, earn newly minted Bitcoin.

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Chamber of Digital Commerce launches Digital Power Network miners’ coalition

The new advocacy group already represents over half the country’s Bitcoin hash rate and will seek to shape energy policy and champion Bitcoin and blockchain.

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Bitcoin has entered a civil war — Over ‘art’

The Ordinals Protocol is generating a circular digital economy where assets are priced, bought and sold via Bitcoin.

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BlackRock CEO Larry Fink Says Bitcoin Is Digital Gold, So What’s The Digital Silver?

On Wednesday, an interview with BlackRock CEO Larry Fink went viral in which the CEO called Bitcoin an international asset. Not only that, Fink also pointed toward digital assets such as Bitcoin as being a way to digitize gold on the blockchain.

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Marathon Digital Holdings mined $33.8 million of bitcoin in May

Marathon Digital Holdings reports a significant increase in bitcoin production and mining operations in May 2023, attributing its success to increased transaction fees and hash rate

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Long-Term Bitcoin Holders Defy Market Uncertainty, Setting the Stage for Further Growth

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Bitcoin rally expected to surpass $50k by 2024 due to halving event

Crypto analysts predict the upcoming bitcoin halving in April 2024 will drive the digital currency’s value past $50,000, building on its recent rebound. The largest digital asset, bitcoin, has experienced a 67% increase since December 31, following an extreme downturn…

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Luxury Brands Bugatti And Asprey Announce Bitcoin Inscriptions Collection

The move further solidifies Bitcoin Ordinals as the premier digital art platform for high-end collections.

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Bitcoin’s Role In The Rise Of Digital Art

Bitcoin can help facilitate payments for artists just as digital artists bring awareness to the use cases of bitcoin.

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Don’t Expect A Bitcoin Recovery Anytime Soon, Galaxy Digital CEO

Billionaire Mike Novogratz has warned investors to not expect much of a recovery in bitcoin anytime soon. Novogratz who serves as the CEO of the digital asset merchant bank Galaxy Digital has always been a big proponent of Bitcoin and its advantages.

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Bitcoin’s sell-off is a massive buying opportunity, says Chamber of Digital Commerce CEO

Bitcoin price fell sharply on Monday to break below $30,000 and register its lowest… The post Bitcoin’s sell-off is a massive buying opportunity, says Chamber of Digital Commerce CEO appeared first on Coin Journal.

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Bitcoin bulls celebrate: Estonia’s biggest bank lets customers buy crypto

Estonia has become the latest country to give Bitcoin bulls reason to cheer according to Marcus Sotiriou, Sales Trader at the UK based digital asset broker GlobalBlock. Here is a brief summary of the recent moves and news in Bitcoin and digital assets.

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Top crypto events the GlobalBlock trading desk is following Monday morning

Below is a short note on recent moves and news in Bitcoin (BTC/USD) and digital assets from Jonas Luethy, Sales Trader at the UK based digital asset broker GlobalBlock. Evergrande won’t impact markets to the extent feared, Bitcoin recovers Bitcoin dropped by almost $5,000 after news broke last week that China would ban crypto again.

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After gold, can Bitcoin take on the stock market

Bitcoin has emerged as the optimum store of value in today’s world. In this digital era, everyone wishes to own some form of a digital asset. To what extent this is reflected in investor behavior, iThe post After gold, can Bitcoin take on the stock market appeared first on AMBCrypto.

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Approval Impending? Mike Novogratz’s Galaxy Digital Becomes Fifth Firm To File Application For Bitcoin Futures ETF

Mike Novogratz-helmed Galaxy Digital has filed an application with the SEC to gain approval for its Bitcoin futures exchange-traded fund (ETF). The digital asset manager is the latest to join the queue of other firms hoping to lay claim to the bitcoin product.

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China’s Bitcoin Mining Disruption Offers Bit Digital A Growth Opportunity

Bit Digital, Inc. , a bitcoin mining company headquartered in New York and one of the largest currently-owned fleets among US listed bitcoin miners, presented highlights from...

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Banning Bitcoin Is Like Herding Cats

If the U.S. attempted to ban bitcoin, an endless digital game of whack-a-mole would ensue.

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Warren Buffett’s Berkshire Hathaway Invests $500 Million In Digital Bank That Works with Bitcoin

Vocal Bitcoin hater Warren Buffett invests in a digital bank that offers a Bitcoin ETF to its clients

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What is the better Bitcoin stock to buy now: Riot Blockchain or Marathon Digital?

The price of bitcoin (BTC/USD) has plunged over the last few days and the selloff intensified Wednesday. Bitcoin’s extreme volatility, namely a correction of more than $20,000 from its highs, has some wondering if there are safer ways to gain exposure to the digital currency.

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Mike Novogratz's Galaxy Digital Files for Bitcoin ETF

Galaxy Digital has filed for a Bitcoin exchange-traded fund

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Bitcoin at $300k achievable? this analyst thinks so

The 2021 bull run of Bitcoin has pushed the digital asset to an unknown territory with regard to price discovery. The current value of the digital asset has been dropping and reached $35k which is stiThe post Bitcoin at $300k achievable? this analyst thinks so appeared first on AMBCrypto.

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Fintech Firm Moven Partners With NYDIG to Help Digital Banks Launch Bitcoin Products.

Fintech firm Movencorp has announced a partnership with digital assets manager NYDIG to help digital banks launch Bitcoin products. Moven will be leveraging NYDIG’s best-in-class platform to offer Bitcoin products and services, giving the beneficiaries the ability to hold, sell, and buy Bitcoin.

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BlackRock CIO on Bitcoin: There’s ‘Clearly Greater Demand than Supply’

As Bitcoin continues to hover around $23,000, everyone finds the leading digital asset valuable one way or the other. Recently, Guggenheim Investments' Scott Minerd called for a $400,000 price target for Bitcoin driven by the digital asset’s scarcity and “rampant money printing” by the central banks.

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Volatile Bitcoin Not a True Store of Value Just Yet, Says Fidelity Digital Assets Head

Fidelity Digital Assets president Tom Jessop says that bitcoin is not a true store of value just yet because the digital asset is still too volatile, Reuters reported. However, investors are optimistic bitcoin will attain this status.

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Bitcoin to ‘Easily’ Hit $60K in 2021, Pressing ECB for Digital Euro, Says German Bank

BayernLB claimed that a combination of bitcoin’s monetary policy, recent halving, and a growing appeal among corporate investors will drive the next bull market. It added that the ECB’s ‘rival’ digital currency would compete with bitcoin only in terms of its infrastructure and user interface.

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Galaxy Digital to launch new Bitcoin fund in Canada

As the value of Bitcoin soars and marks new annual highs, Bitcoin's proponents have been increasing exposure to the digital asset. Galaxy Digital, the crypto merchant bank with Mike Novogratz as its fThe post Galaxy Digital to launch new Bitcoin fund in Canada appeared first on AMBCrypto.

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This Self-Sovereign ‘DocuSign’ Uses Bitcoin for Digital Proofs

Woleet provides a digital ID software suite which allows its clients to authenticate documents and signatures using Bitcoin’s blockchain.

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Altcoins Get A Beatdown While Bitcoin Remains Stable Just Under $11,000

The crypto king, bitcoin, is holding strong around $10,900 after it started uptrending over the weekend. From $10,200 on Sunday, the digital asset has been making its move up, climbing to $10,950 today.

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DCG’s $100 Million Plan to Diminish China’s Dominance on Bitcoin Production

Barry Silbert’s Digital Currency Group has entered into the bitcoin mining world with the announcement of its new wholly-owned subsidiary, Foundry. “Digital asset mining and staking provide the backbone of the blockchain technology that will drive that advancement,” noted Silbert, the founder and CEO of DGC.

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Robert Kiyosaki asserts Bitcoin as the best investment opportunity

After starting from $1 to breaking the 11K barrier, the progress of Bitcoin has been unstoppable ever since it came into existence. As Bitcoin and other digital assets gain more popularity, investors around the globe are turning to Bitcoin as a safe haven.

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21 Million BTC: How PayPal Active Users Underscores Bitcoin Digital Scarcity

An over 300 million active register accounts on PayPal highlights just how important digital scarcity is to Bitcoin’s value. The enormous installed userbase suddenly having access to cryptocurrencies could be a major boost to adoption.

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Bitcoin Market Currently in ‘Fear’ But Don’t Try to Predict What’s Gonna Happen Next

Bitcoin will do what bitcoin does.  And if anyone tries to bet on the digital currency’s next move, it will prove you wrong.  We have seen how the calls of “bitcoin never going below X” have ended up pushing the digital asset to do just that.

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Bitcoin might not be ready for the 'digital gold' title yet

Bitcoin has been constantly compared with the yellow metal, with many pushing forward the narrative that Bitcoin is digital gold. This narrative was fueled even more after the world's largest cryptocuThe post Bitcoin might not be ready for the 'digital gold' title yet appeared first on AMBCrypto.

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Here's how digital money projects contributed to Bitcoin inception

The concept of digital assets and the creation of Bitcoin is commonly lauded as a revolutionary change that led to the establishment of an asset class worth over $200 billion dollars. In a recent sThe post Here's how digital money projects contributed to Bitcoin inception appeared first on AMBCrypto.

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Bitcoin Could Breakout Towards $12,000 Suggests Analyst

The Royal Bank of Canada (RBC), Canada’s largest bank, stated that it is taking into consideration the deployment of a cryptocurrency trading platform. The platform would allow users to conduct transactions of digital assets, including Bitcoin and Ethereum, along with using their digital assets for online and in-store purchases.

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Peter Schiff Fires Back After Facebook Crypto Head Calls Bitcoin “Digital Gold”

Last week, speaking at the New York Times DealBook Conference, David Marcus, the head of Facebook’s cryptocurrency projects, called Bitcoin “digital gold,” while simultaneously arguing that the coin is not a good currency for transactions: “I don’t think of Bitcoin as a currency.

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BTC Bullion: Three Interpretations of Bitcoin as “Digital Gold”

Where's the value?

The post BTC Bullion: Three Interpretations of Bitcoin as “Digital Gold” appeared first on Bitcoin Magazine.

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Thai Bitcoin Trading Platform Won’t Renew its Digital Asset Exchange License

Despite promising market momentum, the current conditions remain problematic for Bitcoin service providers. In Thailand, one of the biggest services will shut down in a few weeks. Bitcoin Co. Ltd, also known as Bx.

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5 Best Reasons to Invest in Bitcoin Today

The digital media has taken giant leaps in the delivery of information, communication, and technology in the past few years. This has also made way for the digital currencies to take the center-stage amid the rise of e-commerce and digital banking/financing products.

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‘Bitcoin is digital gold’ meme becomes real as BTC and gold markets align

Bitcoin is often called “digital gold,” pitched as an alternative to the real thing. In 2019, the meme is actually real, as the two assets have performed almost identically over the past 30 days.

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