finance
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Bitcoin adoption in Africa faces challenges due to limited internet access. Kgothatso Ngako’s Machankura enables Bitcoin transactions via basic mobile phones using USSD technology, bringing financial services to the unbanked population across multiple African countries. With nearly 15,000 users in countries like South Africa, Nigeria, and Kenya, the platform aims to revolutionize the financial landscape…
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VanEck, a prominent asset management firm overseeing $100 billion in assets, has projected Bitcoin’s price to reach $180,000 in the current market cycle. Matthew Sigel, VanEck’s head of digital assets research, expressed confidence in Bitcoin’s trajectory, stating, “We think it’s just getting started.” Sigel highlighted the absence of technical resistance, indicating a favorable environment for…
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The median price of new homes in the United States, when measured in Bitcoin, has experienced a significant decline over the past decade. In 2012, purchasing a median-priced new home required approximately 50,616 BTC. By 2024, this figure had dropped to just 5 BTC. This trend reflects Bitcoin’s substantial appreciation against the U.S. dollar, outpacing…
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BitcoinVersus.Tech Editor’s Note: If you would like to support to help further secure the integrity of our research initiatives, please donate Bitcoin’s value has surged, reaching approximately $94,000 in November 2024. This significant increase mirrors the rapid appreciation of housing prices in the 1970s, when median home values in the United States rose from $23,000…
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Detroit has announced plans to accept cryptocurrency payments for taxes and city fees starting in mid-2025, positioning itself as the largest U.S. city to embrace digital currencies for municipal transactions. The city will collaborate with PayPal to facilitate these payments. PayPal will handle the acceptance of cryptocurrencies such as Bitcoin and Ethereum, converting them into…
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Visa and Coinbase have announced a partnership to enable instant cryptocurrency transactions for U.S. and EU cardholders. This integration, leveraging Visa Direct, aims to enhance the efficiency of crypto transactions by allowing real-time funding of Coinbase wallets directly from Visa debit cards. The collaboration is timely, coinciding with recent regulatory changes and the evolving landscape…
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Elon Musk has publicly endorsed Howard Lutnick, CEO of Cantor Fitzgerald, for the position of U.S. Treasury Secretary, highlighting Lutnick’s potential to “actually enact change.” Lutnick, a prominent figure in the financial sector, has been a vocal advocate for cryptocurrencies, particularly Bitcoin. Under his leadership, Cantor Fitzgerald has managed Tether’s Treasury portfolio since 2021 and…
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In a significant development, the defunct cryptocurrency exchange Mt. Gox has transferred 32,371 Bitcoin (BTC), valued at approximately $2.2 billion, to unmarked wallet addresses. Blockchain analytics firm Arkham Intelligence reported that on November 5, 2024, Mt. Gox moved 30,371 BTC to the wallet address “1FG2C…Rveoy” and an additional 2,000 BTC to another unmarked address. This…
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Cash App tops iOS App Store’s finance category, surpassing PayPal and Coinbase.
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In a candid post, Crypto Analyst Benjamin Cowen of highlighted the unpredictable dynamics of the crypto market. Addressing the disparity between planned investment strategies and the spontaneity of social media-driven buys, Cowen noted how some traders, without extensive planning, can outperform seasoned investors by simply jumping on trending memecoins. The statement reflects the challenge and…
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ARK Invest, led by Cathie Wood, made headlines on August 27, 2024, by selling a significant portion of its Bitcoin holdings. The sale involved 1,717 Bitcoin, marking the largest single dump from ARK’s Bitcoin fund. This move has sparked considerable discussion in the cryptocurrency community, as it comes at a time when Bitcoin is under…
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Federal agents conducted a raid on the Manhattan residence of Polymarket CEO Shayne Coplan, seizing his phone and electronic devices. The action followed Polymarket’s accurate prediction of Donald Trump’s victory in the 2024 presidential election. The FBI has not publicly disclosed the reasons for the raid. However, sources suggest potential allegations of market manipulation and…
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