Reese Witherspoon invests in Ethereum, Paris Hilton says she loves bitcoin

The cryptocurrency attracted the attention of businessmen and celebrities. Academy Award-winning actress Reese Witherspoon recently said she bought her first Ethereum coin. This was followed by another celebrity, socialite-entrepreneur Paris Hilton, who shared her love of Bitcoin on Twitter. Ethereum and Bitcoin are the two main cryptocurrencies in terms of market capitalization. Witherspoon, however, did … Read more

The Pirate Bay may have amassed $6 million in Bitcoin donations since 2013: Report

The Pirate Bay appears to be among those who have quickly embraced cryptocurrency and gained from the recent but rapid rise of its craze. Several torrent sites added an option to allow their users to donate via Bitcoin in 2013, according to a report. And The Pirate Bay has also received a steady stream of … Read more

Bitcoin’s recent volatility was due to public statements by ‘Gurus’, says Coinfloor CEO Obi Nwosu

Coinfloor cryptocurrency exchange CEO and co-founder Obi Nwosu wants people to see the recent drop in Bitcoin’s value “both in terms of its historical price and its volatility.” In an interview, Nwosu says people should remember that Bitcoin “is currently trading about 20 percent higher than it was at the beginning of the year”, and … Read more

Watch: University of Cambridge View shows how bitcoin mining crashed in China even before the crackdown

The Cambridge Center for Alternative Finance (CCAF) Cambridge Bitcoin Electricity Consumption Index shows how Bitcoin mining fell in China even before the latest national crackdown began. It shows that China’s share of mining fell from 75 percent in September 2019 to 46 percent in April 2021, two months before the country’s ban on cryptocurrency mining. … Read more

Sweden forced to pay arrested drug dealer over $1.5 million in bitcoin: find out why

In a recent ruling, the Swedish government is being forced to pay more than $1.5 million (about Rs. 11 crores) to a drug dealer who was arrested in 2019 after the Bitcoin he had illegally accumulated was appreciated while was in custody. Prosecutor Tove Kullberg had successfully argued in court that the unidentified man should … Read more

Cryptocurrency payments are now accepted by over 85,000 merchants in Switzerland

Cryptocurrency payments are now being accepted by more than 85,000 merchants in Switzerland from their customers through a collaboration between Worldline, a French payments and transaction services company, and Bitcoin Suisse, a crypto-financial services company in Switzerland . In a press release dated August 19, Bitcoin Suisse announced the integrated service called WL Crypto Payments. … Read more

Cryptocurrency Volatility Doesn’t Scare Big Investors, But Compliance Is Required: Shark Tank Star Kevin O’Leary

With so much hype and talk around cryptocurrency, most people wonder why institutions are still leery about the promising new industry. Why are only individual investors flocking to invest in these virtual currencies, but not the big players yet? To be fair, some institutions like MicroStrategy and Tesla have already invested in cryptography. But most … Read more

Robinhood claims that Dogecoin massively boosted second quarter revenue, accounting for 62% of encryption revenue

Dogecoin accounted for nearly 62 percent of the commission-free cryptocurrency trading application Robinhood’s $233 million (about Rs. 1,730 crore) revenue in the second quarter. In its earnings report to US authorities, Robinhood, which launched its IPO last month, highlighted a significant increase in its encryption revenue in Q2 2021 compared to the same period last … Read more