• markets report bitcoin price
    Bitcoin,  Markets Report

    Markets Report: Bitcoin price hits $59K after Morgan Stanley rumors flood media

    Claims which first appeared in CNBC point to Morgan Stanley becoming the first major bank to offer Bitcoin fund exposure

    After a lingering closer to $50,000 support, Bitcoin saw a boost as mainstream media reported a market entry soon to come from Morgan Stanley. According to unnamed sources talking to CNBC, the bank will provide wealthy clients with $2 million or more in assets exposure to three Bitcoin funds.

  • visa spend crypto 70 million merchants
    Bitcoin,  Technology

    Visa CEO: We’ll let you spend crypto at 70 million merchants

    Al Kelly said Visa wants to be an intermediary between crypto holders and merchants—the role Satoshi Nakamoto sought to eliminate with Bitcoin

    “We’re trying to do two things,” Kelly said. “One is to enable the purchase of bitcoin on Visa credentials.” The second, he added, is “working with bitcoin wallets to allow the bitcoin to be translated into a fiat currency” that can be immediately “used at any of the 70 million places around the world where Visa is accepted.”

  • markets report bitcoin price
    Bitcoin,  Markets Report

    Markets Report: PlanB says Bitcoin price ‘Won’t stop at $100K’ despite price dip

    Little interest in this week’s price retracement as attention focuses on a “game-changing” institutional adoption wave reportedly soon to hit the headlines

    As for institutional adoption, “...I don't think, I know, starting more or less next week, you're going to see an absolute drumbeat of pretty game-changing milestones from some of these firms,” said NYDIG CEO Robby Gutmann.

  • Chinese firm buys $155M bitcoin mining machines
    Bitcoin,  Cryptocurrencies,  Regulation

    Chinese firm enters Bitcoin mining with $155M ASIC machine order

    Despite China’s growing pollution-based crackdown on Bitcoin production, Zhongjia Bochuang wants 2,000 crypto mining machines running by May, with plans to grow to 20,000

    While the mining machines are a new business line for ZJBC, it is not the AI and cloud communications-focused company's first foray into the cryptocurrency mining business. It noted that one of its subsidiaries, Changshi Telecommunication, has been building and maintaining blockchain mining farms since 2018.