Bitcoin News

Data analytics giant Palantir now accepts Bitcoin payments

The $30 billion Colorado-based data analytics company founded by billionaire Peter Thiel now accepts Bitcoin from clients as a form of payment. According to a CNBC report today, Palantir said during its earnings call for the first quarter of 2021 that it had begun accepting Bitcoin (BTC) payments. In addition, the firm is mulling following …

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Reports suggest Goldman Sachs is now offering Bitcoin derivatives

Investment banking giant Goldman Sachs has reportedly opened up futures trading on Bitcoin to Wall Street executives. According to Bloomberg Law, last month the investment firm began offering trading with non-deliverable forwards, a derivative tied to the price of Bitcoin (BTC) — roughly $56,000 at the time of publication — for which investors can get …

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Bitcoin is a ‘disgusting’ product that comes ‘out of thin air,’ says Charlie Munger

Charlie Munger, billionaire investor and vice chair of Warren Buffett’s Berkshire Hathaway conglomerate, did not mince words when it came to describing his feelings on crypto. In the Berkshire Hathaway Annual Shareholders Meeting streamed live on Saturday, Munger addressed questions from investors alongside his fellow billionaire. While Buffett said he would intentionally dodge a question …

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Blackrock CEO says crypto ‘may become a great asset class’ but is no substitute for currency

Despite the successful rollout of Coinbase’s stock on Wednesday, Blackrock CEO Larry Fink still expressed some concerns over the institutional adoption of crypto. In an interview with CNBC’s Squawk Box on Thursday, Fink said he was “encouraged by how many people were focusing” on crypto and the narrative surrounding it, but he seemed to imply his …

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Crypto media runs with the bulls as new entrants compete against established brands

New opportunities arise during each Bitcoin bull run. The current ebullience has been driven by an influx of institutional investors, along with major payment providers like PayPal and Mastercard.  But why are they here to begin with? Much of the recent enthusiasm can be attributed to the vast and vociferous audience that’s been developed by …

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Bitcoin subreddit hits 2M subscribers following GameStop controversy

One of the most well-known online Bitcoin communities passed two million subscribers in a surge of activity on Friday, purportedly due to the media attention over the r/Wallstreetbets subreddit. According to the Metrics For Reddit analytics website, the subreddit r/Bitcoin has 2,184,941 subscribers at the time of publication, making it the 178th most popular subreddit …

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Bitcoin is Almost as Big as Bank of America

All the speculative capital invested in Bitcoin (BTC) at the moment totals just a few billion dollars shy of Bank of America’s market valuation. Bitcoin’s current market cap sits just over $217 billion, according to Cointelegraph data at press time, while Yahoo Finance shows Bank of America’s market cap holding slightly over $226 billion — …

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Wirecard Exec Reportedly Used Bitcoin to Move Funds to Russia

Wirecard chief operating officer Jan Marsalek reportedly used Bitcoin (BTC) to move funds from Dubai to Russia. Russian media outlet Kommersant reported on July 20 that Marsalek is hiding in Russia with funds that he was able to transfer there with the cryptocurrency. Per the report, Marsalek is currently in a private house near Moscow …

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Google Keeps Promoting Crypto Scams Despite Strict Crypto Policies

While Google’s subsidiary, YouTube, is facing a lawsuit for promoting cryptocurrency scams, Google’s advertising platform continues to display fraudulent crypto ads through its advertising network. According to a report by Bitcoin (BTC) crypto exchange, CoinCorner, Google Ads was running an ad for CoinCorner’s phishing clone website, CoinCornerr.com. The issue was reported by CoinCorner’s marketing manager, …

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