Shares of bitcoin mining hardware maker Canaan Inc. (CAN) are rising more than 39% Tuesday morning and touched a new high of $18.90. The US stocks are up today morning on the prospects of more fiscal stimulus. On February 10, Canaan had announced that its revenue visibility improved substantially in […]
For the first time since its creation, Bitcoin has hit a new all-time high of $50,000. Although this wasn’t recorded on most exchanges, Binance and Coinbase were the only exchange platforms that recorded the new all-time high. Analytically, this is a positive indicator for the rest of the market, in […]
This article provides an update (as of 12:00 UTC on 16 February 2021) on the current state of the Bitcoin markets, as well on the latest thinking on Bitcoin by influential crypto analysts, investors, traders, and other thought leaders. According to data by TradingView, on crypto exchange Bitstamp, Bitcoin traded in […]
Bitcoin briefly surged above $50,000 on Tuesday after MicroStrategy announced that it would offer $600 million worth of convertible senior unsecured notes expiring on February 15, 2027, to purchase more of the flagship cryptocurrency. “MicroStrategy also expects to grant to the initial purchasers of the notes an option to purchase, […]
Mexican companies are looking into investing in Bitcoin and other cryptocurrencies, the managing partner of PwC Mexico, Mauricio Hutardo says. According to him, the sudden interest is a result of growing confidence among investors that Bitcoin and other cryptocurrencies may be trustworthy investments. “This occurs because there is a significant […]
In the spirit of Valentine’s Day, Tesla received a noteworthy present from Bitcoin, almost too early. The leading electric car company recorded 40% in gains, following its recent Bitcoin investment of $1.5 billion. It is safe to say that Tesla’s bet on Bitcoin is paying off gradually, despite a handful […]
Bitcoin is exhibiting a lot of 2017 bullish patterns in its current cycle. But unlike 2017 when everything seemed to happen behind the scenes, this time there is much more going on in the mainstream. This has in itself ensured that the ‘bubble’ narrative no longer hinders prices. One critical […]
Bitcoin rose to $49,700 on a raft of news indicating growing adoption of digital gold with the currency dipping after almost taking $50,000. A three days weekend still had bullishness for bitcoin which nonetheless gave us a valentines red with it falling to $45,800 overnight. The currency now trades at […]
It’s been over a week since the Nigerian government restricted banks and crypto-trading platforms from engaging in crypto-related activities. Now, in tandem with the general public speculations, the country’s youths are beginning to re-strategize, with a response that is both bold and defiant. Timi Ajiboye, the CEO of Buycoins, one […]
Bitcoin prices hit one record high after another in a week that saw global corporate giants doing everything from buying the cryptocurrency to announcing new projects that feature it. Tesla revealed in its securities filing on Monday that it had purchased $1.5 billion worth of Bitcoin in January and that […]
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