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Obi Nwosu is the CEO and co-founder of Coinfloor, the UK's longest-running Bitcoin exchange. He has over 20 years’ experience building online marketplaces and bringing virtual currencies to tens of millions of people. Obi writes The Road to Bitcoin Hegemony, a weekly recap of some of the most
The public needs to understand the risks associated with Bitcoin, according to Federal Reserve Chair Jerome Powell. During a webinar hosted by the Bank of International Settlements (BIS) on Monday, Powell said the Fed prefers to refer to cryptocurrencies as "crypto assets" rather than currencies, as their volatility
After hinting at it in February, Tesla has now added Bitcoin as a payment option to its online store. When the firm revealed early last month that it had purchased $1.5 billion worth of bitcoin to provide "more flexibility to further diversify and maximize returns on our cash,
News • Business • Mar 23, 2021
After hinting at it in February, Tesla has now added Bitcoin as a payment option to its online store. When the firm revealed early last month that it had purchased $1.5 billion worth of bitcoin to provide "more flexibility to further diversify and maximize returns on our cash,
News • Business • Mar 23, 2021
Obi Nwosu is the CEO and co-founder of Coinfloor, the UK's longest-running Bitcoin exchange. He has over 20 years’ experience building online marketplaces and bringing virtual currencies to tens of millions of people. Obi writes The Road to Bitcoin Hegemony, a weekly recap of some of the most
Opinion • Bitcoin • Mar 22, 2021
The public needs to understand the risks associated with Bitcoin, according to Federal Reserve Chair Jerome Powell. During a webinar hosted by the Bank of International Settlements (BIS) on Monday, Powell said the Fed prefers to refer to cryptocurrencies as "crypto assets" rather than currencies, as their volatility
News • Economy • Mar 21, 2021
The race for the first Bitcoin ETF in the U.S. is heating up: a filing with the Securities and Exchange Commission (SEC) on Friday revealed that Anthony Scaramucci's SkyBridge Capital and investment firm First Trust Advisors are the latest industry players to file for an ETF in
News • Bitcoin • Mar 19, 2021
Just over a month post-launch, Purpose Investment's Bitcoin exchange-traded fund (ETF) holds more than 14,000 bitcoin, approximately $820 million at press time, in assets under management. The Canadian asset management firm reported its milestone on Thursday, when it disclosed that the ETF had cracked the $1 billion
News • Business • Mar 18, 2021
Morgan Stanley plans to offer Bitcoin funds to its wealthiest customers. CNBC reported on March 17th that the investment bank, which manages $4 trillion of client assets, told its financial advisors in an internal memo that it would offer three separate Bitcoin funds to the wealthiest of its clients as
News • Bitcoin • Mar 16, 2021
Visa seemingly plans to follow in PayPal's fresh footsteps as it works to adopt Bitcoin. The firm's CEO Alfred Kelly said on Fortune’s Leadership Next podcast on Tuesday that the payment processing behemoth is willing to facilitate not only bitcoin purchases, but also spending functionalities,
News • Bitcoin • Mar 16, 2021
Graham Ivan Clark, the 18-year-old who led the infamous Twitter hack on July 15th last year, pleaded guilty and will have to serve a three-year prison sentence, according to a report by the Tampa Bay Times. Clark was only 17 when he led the attack on Twitter that saw some
News • Bitcoin • Mar 16, 2021