Bitcoin News Archives - Page 3 of 3

Terra Bypasses Tesla As It Becomes The Second-largest Corporate Holder Of Bitcoin

6May

By Cryptolifedigital2 Comments

Cryptocurrency

Terra Bypasses Tesla As It Becomes The Second-largest Corporate Holder Of Bitcoin

Luna foundation Guard (LFG) has become the second-largest corporate Bitcoin holder, bypassing e-car maker Tesla.The non-profit behind UST, the largest decentralized stablecoin, recently purchased another $1.5 billion worth of Bitcoin via an over-the-counter deal with full-service digital currency prime broker Genesis and Crypto trading and venture capital firm Three Arrows Capital. Read Also: 130.5 billion SHIB To Grab By the 1 Trillion Whales.The LFG now holds 80,393 coins whose total value stands at $2.9 billion. As Stated by Cryptolifedigital, Terra started buying Bitcoin in late February to ensure the stability of the TerraUSD (UST) token, which is supposed to maintain its dollar peg.Terra's Do Kwon expects that the non-profit’s Bitcoin holdings will eve...

Gucci To Accept Shiba Inu, Dogecoin, Bitcoin, And Some Other Cryptocurrencies.

5May

By Cryptolifedigital3 Comments

Cryptocurrency

Gucci To Accept Shiba Inu, Dogecoin, Bitcoin, And Some Other Cryptocurrencies.

Gucci, one of the popular fashion brands, will commence accepting Bitcoin, Dogecoin, Shiba Inu, and some other cryptocurrencies at chosen locations in North America, as stated by a report published by Vogue Business. Customers will be able to make cryptocurrency payments with the help of a QR code. CEO Marca Bizzari says that Gucci is “always” open to embracing new technologies. Read Also: Cardano (ADA) to Host Anti-Counterfeit Platform with Micro Chips The first locations to accept crypto are Wooster Street in New York, Rodeo Drive in Los Angeles, Miami Design District, Phipps Plaza in Atlanta, and The Shops at Crystals in Las Vegas. As brought by cryptolifedigital, German Fashion house Philipp Plein commenced accepting cryptocurrencies last ...

Cryptocurrencies to Be Taken by One of the World’s Top Luxury Gyms

2May

By CryptolifedigitalNo Comments

Bitcoin

Cryptocurrencies to Be Taken by One of the World’s Top Luxury Gyms

Equinox, one of the world’s top luxury gyms, is set to start accepting cryptocurrencies after partnering with leading cryptocurrency payment processor BitPay, according to a recent report by The New York Post. Read Also: Australia's Longest-Running Crypto Exchange Has to Treat Shiba Inu FansThe list of cryptocurrencies remains unclear. Equinox is set to make an official announcement later today. The American luxury fitness firm was founded 30 years ago in Manhattan's Upper West Side. Aside from its exorbitant prices, Equinox is also known for its controversial and provocative ad campaigns that focus to underscore wealth and excess. One of its most famous posters, which was shot by famous photographer Stephen Klein, features a nearly nude male model covered in $100 bills. &nb...

Bitcoin retreats toward $38K after Friday sparks losses for ‘nearly everything’ outside China

30Apr

By CryptolifedigitalNo Comments

Bitcoin

Bitcoin retreats toward $38K after Friday sparks losses for ‘nearly everything’ outside China

Bitcoin (BTC) fell into the May holiday weekend after late trading saw crypto losses echo "basically everything." As stated by the Cointelegraph Markets Pro and TradingView showed BTC/USD reversed at $38,180 on Bitstamp to circle $38,600 on April 30. The pair had performed weakly during Friday, this nonetheless echoing the vast majority of traditional assets — with the notable exception of Chinese equities. Read Also: MicroStrategy CEO Proposes Using Bitcoin to Eliminate Crypto Scam Bots on Twitter "Almost everything went down today besides gold, platinum, and Chinese stocks," economist Lyn Alden summarized. With that, the S&P 500 finished Friday down 3.6% and the Nasdaq 100 down 4.5%. Hong Kong's Hang Seng, on the other hand, g...

Fidelity Propels Bitcoin Further Into Mainstream by Offering It for Pension Plans

26Apr

By Cryptolifedigital1 Comment

Bitcoin

Fidelity Propels Bitcoin Further Into Mainstream by Offering It for Pension Plans

Mutual fund giant Fidelity Investments is on track to allow customers to add Bitcoin to their 401(k) savings plans, according to a recent report published by The New York Times.The move could potentially be a watershed moment for cryptocurrency adoption in the U.S. given that Fidelity is the number one provider of pension plans in the country. The Boston-based investment giant manages the retirement savings of more than 20 million people. Read Also: Dogecoin Fan Elon Musk May Buy Twitter This Week: Report There is a growing demand for Bitcoin among plan sponsors, according to Fidelity’s Dave Gray. Fidelity plans to start offering Bitcoin-holder 401(k) later this year. It will charge a fee of up to 0.9%. It is worth noting that savings plans are highly ...

Bitcoin Relinquish Below Ascending Channel to $38,000, Liquidations Spike to $200 Million

25Apr

By CryptolifedigitalNo Comments

Bitcoin

Bitcoin Relinquish Below Ascending Channel to $38,000, Liquidations Spike to $200 Million

Following almost two weeks of consolidation, Bitcoin has finally dropped below the ascending channel that has been forming since January as stated by TradingView. The channel was previously acting as a guideline for the price. As the daily chart of the first cryptocurrency suggests, the ascending channel played out correctly at least five times for the price of Bitcoin, allowing traders to properly highlight local resistance and support points and make trades based on it. Read Also: Bitcoin Aims at $47,000 as It Bounces from Basic Support The drop below the channel may become a catalyst for further downward movement for the digital gold as the lower border of the formation had a concentration of large orders suggesting some traders were actively betting on...

Bitcoin Aims at $47,000 as It Bounces from Basic Support

21Apr

By Cryptolifedigital1 Comment

Bitcoin

Bitcoin Aims at $47,000 as It Bounces from Basic Support

Following the most recent bounce of Bitcoin from the strong support of $39,226, Bitcoin may aim the move to the upper border of the ascending channel, which currently remains at approximately $47,780. According to the daily chart, Bitcoin is presently in the process of a short-term reversal after successfully withholding selling pressure while remaining on the support line at around %39,000. Read Also: Bitcoin Tribalism Holds the Entire Crypto Market Back Says Ripple CEO Initially, cryptolifedigital observes that Bitcoin is extremely close to breaking the support that could have caused a massive plunge to $30,000. But kudos to the support of large investors, the first cryptocurrency has successfully bounced off the lower border of the ascendi...

Crypto Gains Bullish Voices on Social Media As Stated By Santiment

21Apr

By CryptolifedigitalNo Comments

Cryptocurrency

Crypto Gains Bullish Voices on Social Media As Stated By Santiment

A famous santiment data vendor has tweeted that users of various social media platforms are showing excitement about cryptocurrency. Although Bitcoin and Ethereum are recovering, the rest of the market remains in the red. Read Also: Shiba Inu and Dogecoin Now Accepted by AMC's Mobile App "Crypto is gaining some bullish voices again" According to a tweet by Santiment, the word "pump" is currently dominating in public channels across various social media presently—on Reddit, Discord, Twitter, and Telegram. Santiment analytics team believes that this FOMO ("fear of missing out") is not a big concern; however, they cannot see any signals of euphoria so far. https://twitter.com/santimentfeed/status/1516999894204141569 Ethereum transactions in profit surge As ...