India Reconsiders Crypto Ban, Following Criticism

India may issue a blanket ban on all cryptos, statements from top officials indicate. However, the government is drafting a new bill that would allow for the private use of cryptos. Just last week, the country introduced a Cryptocurrency and Regulation of Official Digital Currency Bill 2021. The bill spooked investors, as it was identical to the draft of the 2019 bill to ban crypto. The bill wrote that it intended to "create a facilitative framework" for India's official digital currency. To…

Jack Dorsey Steps Down as Twitter CEO

After over 15 years since founding the company, billionaire Bitcoiner Jack Dorsey has announced his resignation as CEO of Twitter. As of today, the social media giant is led by former Chief Technology Officer Parag Agrawal. Meanwhile, Dorsey will serve as a member of the board until about May, before leaving Twitter entirely. Interestingly, his reasons for leaving are exactly what one would expect to hear from a Bitcoin maximalist. Freeing Twitter From its Founder’s Influence Earlier this morning, word…

Bitcoin Bounces Back to $58,000 – Showing Signs of Recovery

Bitcoin started a week with a bang, recovering from last week's selloff, as markets show clear signs of recovery. The price of the largest crypto soared 6% on Monday, reaching a high of $58,000. It has since settled slightly below that level, at $57,750. The jump made up for the last week's dip, prompted by the new, potentially vaccine-resistant COVID variant. Last Friday, Bitcoin dropped more than 9%, trading as low as $53,549 at one point. The sellout was due…

Is The Stock-To-Flow Model Broken? Missed $98,000 Bitcoin Prediction Says It Might Be

November has not been great for Bitcoin. But it has been even worse for the predictions of one PlanB, a crypto analyst with a devout following. Bitcoin is trading at just over half of what it is supposed to if his predictions had been correct. This even made him acknowledge that his $98k Bitcoin prediction will probably be a “first miss”. A Dutch institutional investor turned Bitcoin maximalist is famous for his models that have, in the past, accurately predicted…

Bitcoin Processes More Volume Than PayPal In 2021

Bitcoin has grown into a viral payment method, and info from BlockData proves it. The blockchain analysis firm recently stated that Bitcoin had supported 65% greater transaction volume than PayPal this year. This shows that Bitcoin is increasingly popular as a payment method and not just a store of value. Bitcoin Versus Paypal 2021 On Monday, Blockdata released a detailed analysis of how it will adopt the Bitcoin network for payments over time. While examining some current numbers, the firm…

Stripe Shows Consideration For Supporting Crypto Payments Again

The success of Bitcoin’s lightning network may bring one noteworthy payment process back into the asset. Stripe – a financial services and software company – recently stated that it could begin supporting Bitcoin payments again. This comes after Stripe ended support for the cryptocurrency in 2018 due to slow transaction speeds. Could Stripe Return to Bitcoin? John Collison – Co-Founder of Stripe – expressed re-consideration for Bitcoin to CNBC on Tuesday. He recognized that the asset class means different things…

Bitcoin Drops as Much as 15% in India After Proposed Crypto Ban

Panic selling in India caused crypto prices to crash as the country's parliament introduced a bill to ban crypto. Bitcoin tumbled 14.8% on the Indian WazirX crypto exchange two hours after the announcement. Other cryptos posted losses in the double digits as well. For instance, Ethereum dropped 15%, and the stablecoin Tether dropped almost 18%. At one point, Bitcoin was trading at a 15% discount in India, compared to other exchanges. However, this spread has since dropped first to 3%…

Could Bitcoin Reach $250,000? Hedge Fund Manager Says Yes, Calls it ‘Digital Gold’

Hedge fund manager Mark Yusko is not concerned with the recent Bitcoin dip. The oldest and most significant crypto dropped to $56,000, 16% below the all-time high of $68,000. Despite that, Yusko thinks that Bitcoin is still on its way to reaching $250,000. Mark Yusko, CEO of hedge fund Morgan Creek, explained why he thinks Bitcoin could reach a per-coin price of $250,000. He did not pull that number out of the air, said the hedge fund manager and Bitcoin…

NFL Player Odell Beckham JR. Will Take A 100% Bitcoin Salary

Yet another sports star has become deeply and publicly invested in the crypto game. Odell Beckham Jr. – wide receiver for the Los Angeles Rams – recently announced that he’ll be accepting his entire salary in Bitcoin. With this, he joins a host of athletes, organizations, and even mayors accepting Bitcoin as a legitimate form of payment. Beckham Goes Big On Bitcoin The athlete confirmed his new Bitcoin salary in a video statement on Twitter earlier today. “It’s the start…

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