The company has invested $220m in the cryptocurrency, which it aims to make ‘mainstream’

Cathie Wood's Ark Invest has put its name to a bitcoin futures ETF assigned with the ticker ARKA - a positive sign for SEC approval, an analyst said.

While cryptocurrency has the ability to improve the global payment system, digital coins still pose considerable challenges to market conditions worldwide, the International Monetary Fund warned in a new report on Tuesday.

El Salvador’s bitcoin roll-out has had its up and downs since the country officially made it legal tender on September 7th. In the past month, residents have posted both the good and bad of bitcoin adoption. It has been chiefly favorable as citizens settle into their new standard of having a cryptocurrency as a legal tender, alongside the existing dollar legal tender.

On September 7, 2021, El Salvador’s Bitcoin Law granting the currency legal tender status went into effect. Remarkably, in just one month, there are more Salvadorans with bitcoin wallets than traditional bank accounts.

Despite a 17% rise in the price of Bitcoin over the past week, one crypto bear remains unenthused. “I personally think Bitcoin is worthless,” said Jamie Dimon, CEO of JP Morgan, during the annual meeting for the Institute of International Finance. It's the latest in a succession of bearish statements from Dimon over the years. Dimon began his streak back in 2014 when he told CNBC that Bitcoin was “a terrible store of value” and that the cryptocurrency “can be replicated over and over.”

Every time Beijing announces a crackdown on their industry, the running joke among the crypterati is that China has already banned cryptocurrency 18 times. Chinese government agencies have issued a string of increasingly restrictive but never conclusive legal prohibitions of various aspects of crypto since 2013; all the while, China’s crypto industry has thrived. Turns out the nineteenth time might be the charm.

Elon Musk, on Tuesday at the Code Conference in California, said that he believes cryptocurrency to be virtually indestructible. He has been a very active supporter of cryptocurrency, and a significant, bullish influencer of the crypto trade markets.

Recall that Lightning Network is a second level Bitcoin network. In fact, it is an add-on on top of the main BTC blockchain, which only fixes the results of multiple transactions after they are completed. The advantages of LN are the high speed of transactions due to the characteristics of the network and the low cost of sending coins.

“People, it turns out, are not that averse to risk. For many reasons, they are not opposed to risk, but they are opposed to losing and the possibility of loss plays a very significant part in their decision.” - Daniel Kahneman

Imagine being told that your wage was going to be cut in half. Well, that’s what’s soon going to happen to those who make money from Bitcoin mining, the process of earning the online currency Bitcoin.

It took 40 years for 30% of El Salvadorians to get a bank account, but just 10 days for about 20% of them to get a bitcoin account through downloading the Chivo wallet. “1.1 million Salvadorans already use the Chivo wallet (and we haven’t enabled 65% of phone models yet),” said Nayib Bukele, El Salvador’s president, before adding:

Following Bitcoin’s spectacular bull run, the general public’s interest in cryptocurrencies skyrocketed. Bitcoin has increased at an incredible rate in 2019 from $3,400 to almost $13,000! This has resulted in a hitherto unheard-of rise in the use of this financial instrument.

Billionaire investor, Ray Dalio, says regulators will try to destroy Bitcoin (BTC) if it becomes successful. Speaking on Wednesday at CNBC’s Squawk Box, the founder of the world’s largest hedge fund, Bridgewater Associates, said...

The impoverished country's vaunted adoption of bitcoin as legal tender on Tuesday was marred by street protests, technical glitches and an extreme drop in the value of the controversial digital currency.

By now, anyone who is thinking about their investment portfolio is aware of Bitcoin’s existence. As a prospective investor, a closer look at historical Bitcoin price fluctuations, signals high risk. Since understanding Bitcoin fundamentals and what it can be used for is a little abstract, many investors avoid buying Bitcoin altogether. But those who are interested, still ask themselves why Bitcoin prices fluctuate so much, and how they can take advantage of this to turn a profit. Here are some answers as to why Bitcoin prices fluctuate so drastically.

The well-known and respected investor and billionaire, John Paulson, recently surprised the public with a controversial sentence he uttered during an interview for the Bloomberg portal. The sentence read as follows: “I would not recommend anyone to invest in cryptocurrencies”. Paulson claims that cryptocurrencies are “a financial bubble that will eventually burst”. The same investor in 2007 correctly predicted (and bet on) the crisis in the mortgage markets. Who is John Paulson and what exactly did he say, in the article below.

El Salvador officially adopted bitcoin as a legal tender Tuesday, and marked its dual-currency status by buying 400 bitcoins worth more than $20million. The Central American country made history Monday when it bought its first 200 bitcoins, becoming the first known nation to do so. The U.S. dollar had been the country’s official currency for the past two decades.

Bitcoin’s supposed ‘super cycle’ failed to engage over the weekend as the flagship cryptocurrency ran out of steam to hold above $50,000 with any great conviction. Many analysts claimed BTC could move into a sustained period of forceful upward movement on the strength of recent bullish sentiment if the price can maintain some distance north of the substantial psychological barrier of $50k.

Cream Finance, a decentralized finance (DeFI) platform, recently reported that its cryptocurrency wallet has been hacked. Hackers claimed to have stolen over $29 million in cryptocurrency assets! In a tweet earlier today, the company confirmed the hack, stating the extent of damage and the stolen amount. The tweet came an hour after PeckShield, a blockchain security firm, noticed signs of an ongoing crypto-heist.