It all started as an idea in a white paper by Satoshi Nakamoto, the computer programmer who invented Bitcoin in 2008. It was this event that opened the floodgates for other cypherpunks and innovators with similar ambitions that soon resulted in the advent of several different cryptocurrencies. A few of […]

Tesla/SpaceX CEO Elon Musk has long maintained that owning bitcoin is better than holding cash. But for him, the cryptocurrency’s success shouldn’t come at a great cost to the environment. Musk recently reacted to comments made by Kraken CEO Jesse Powell in a tweet. Musk To Powell: Based On What? […]

The World Bank has rejected a request from El Salvador for assistance with its Bitcoin adoption plans, reports Reuters. The World Bank, an international financial institution that offers loans and grants to low-income countries, on Wednesday cited “environmental and transparency shortcomings” of Bitcoin as the reason for its turning down […]

Market conditions in 2021 are perfect for bitcoin to reach and surpass the $100,000 price level according to senior Commodity analyst at Bloomberg Intelligence Mike McGlone. McGlone, who has recently been predicting (on a consistent basis) a positive outlook for bitcoin and the entire crypto market said that key factors that support […]

On Monday (June 14), Alex Mashinsky, Co-founder, Chairman, and CEO of lending platform Celsius Network predicted that Bitcoin’s price could reach $160,000 by the end of this year.  Here’s some information about Mashinsky from his bio page on the Celsius website: “Alex is one of the inventors of VOIP (Voice […]

John Bollinger, the developer of one of the most actively used technical indicators, the Bollinger Bands, now says Bitcoin is bottoming up and would reclaim $50k. Will Bitcoin Reclaim $50k? Replying to a tweet on June 15, the financial analyst noted that Bitcoin prices are “trying to move higher.” Reading […]

The US SEC has tabled a plan on how it will regulate the market this 2021, but the conspicuous exception of Bitcoin and other cryptos from the regulatory agenda is turning heads. Many hoped that the crypto industry would somehow feature in the regulatory agenda, especially now that cryptocurrencies like […]

Bitcoin appears to be headed back to previous highs in the wake of a few developments taking place this week. The world’s biggest cryptocurrency broke $40,000, with many expecting it to reclaim the surge that saw it priced as high as $64,829.14 prior to May’s freefall. The crypto asset dipped […]

Publicly traded business intelligence firm MicroStrategy has filed with the U.S. Securities and Exchange Commission (SEC) to sell as much as $1 billion of its class A common stock, with part of the billion-dollar sum being used to buy more bitcoin. MicroStrategy Is Prepping For Yet Another Mega Bitcoin Purchase […]

Bitcoin gains are taxable in Canada based on the guidelines of the Canadian Revenue Agency. Bitcoin price must be converted into CAD at the time of the sale to determine the value of your gains. Given the volatility of Bitcoin, it is essential to maintain accurate records of all the […]