Robert Kiyosaki, the author of the book Rich Dad, Poor Dad, has highlighted the fundamental motivation for his investment in bitcoin. The famous author has speculated that limits imposed by the SEC would “crush” most other crypto tokens. Kiyosaki and Sharon Lechter wrote the book “Rich Dad, Poor Dad” in
Shortly after being the fourth-largest crypto ATM hub in the world, El Salvador was overtaken by Australia. To the dismay of Bitcoin (BTC) pioneers in El Salvador, Australia has installed 216 cryptocurrency ATMs as we enter the year 2023, pushing the Central American nation further down the list. President Nayib
Bitfarms’ CEO, Emiliano Grodzki, has resigned in the wake of the bear market, following a long line of leaders in the cryptocurrency industry who have left their posts this year. Geoffrey Morphy is promoted from president and COO to CEO at the mining firm. Here is what Morphy had to
Giorgia Meloni, the prime minister of Italy, has pushed through a bill that would tax the sale of digital assets. Italy’s planned budget for 2023 includes a 26% tax on cryptocurrency earnings above €2000. Cryptocurrency dealers in the nation will feel the effects of the ruling. And taxpayers who report
According to a U.S. Securities and Exchange Commission (SEC) filing made on Thursday. Investment giant BlackRock (BLK) has pledged $17 million to insolvent bitcoin miner Core Scientific (CORZ). As part of a fresh $75 million loan from the miner’s secured convertible note holders. According to data from FactSet, BlackRock is
Compass Mining, a hardware manufacturer for Bitcoin mining, reported that it had won a roughly $1.5 million verdict in court this week against hosting provider Dynamics Mining. In June, Dynamics of Kentucky said that Compass had terminated its hosting relationship because it had failed to pay electricity and hosting obligations
Michael Saylor, executive chairman of MicroStrategy, has said that by 2023, the company would release software and solutions that use the Bitcoin Lightning Network. Saylor announced the company’s development into Lightning Network-based software and solutions on December 28 during a Twitter Spaces event. These include “support” solutions for enterprise marketing
After much deliberation, cryptocurrency mining company Argo Blockchain has decided to sell its flagship mining facility Helios in order to weather the current bear market. To the tune of $65 million, the Helios facility was sold by Argo Blockchain on December 28 to Mike Novogratz’s crypto investment business Galaxy Digital.
Paul Krugman, the Nobel Prize-winning economist compares Elon Musk’s Tesla stock with Bitcoin (BTC). In an opinion piece recently published in the New York Times, Krugman stated that Tesla has more in common with the dominant currency of the global crypto market. He also expressed that both assets’ prices are based
Michael Saylor, a Bitcoin maximalist, stated on Wednesday that MicroStrategy had bought 2,395 Bitcoins. As of the 27th of December, according to an SEC filing. MicroStrategy has almost 132,500 bitcoin in its possession. Which it purchased for over $4 billion at an average price of $30,397 per Bitcoin. MicroStrategy’s Bitcoin
